Can I retire at age 71 with 760,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$62,760$62,201$61,656$61,123$60,603$59,649
2 years$31,069$30,491$29,930$29,386$28,859$27,899
3 years$20,507$19,926$19,367$18,828$18,309$17,375
4 years$15,227$14,648$14,094$13,565$13,058$12,156
5 years$12,060$11,484$10,937$10,419$9,927$9,060
6 years$9,949$9,378$8,839$8,332$7,855$7,024
7 years$8,442$7,875$7,345$6,850$6,388$5,593
8 years$7,312$6,751$6,229$5,746$5,299$4,541
9 years$6,434$5,878$5,365$4,895$4,463$3,740
10 years$5,732$5,181$4,678$4,219$3,803$3,115
11 years$5,157$4,612$4,118$3,672$3,270$2,617
12 years$4,679$4,140$3,655$3,221$2,834$2,214
13 years$4,275$3,741$3,265$2,844$2,471$1,884
14 years$3,929$3,400$2,934$2,524$2,166$1,611
15 years$3,629$3,106$2,649$2,251$1,907$1,383
16 years$3,367$2,850$2,402$2,016$1,686$1,191
17 years$3,136$2,625$2,185$1,811$1,495$1,028
18 years$2,931$2,425$1,995$1,632$1,329$890
19 years$2,748$2,248$1,826$1,475$1,185$772
20 years$2,583$2,089$1,676$1,336$1,058$671
21 years$2,434$1,946$1,542$1,212$947$584
22 years$2,299$1,816$1,421$1,102$849$509
23 years$2,176$1,699$1,312$1,004$762$444
24 years$2,063$1,592$1,213$916$685$387
25 years$1,959$1,494$1,124$836$616$338
26 years$1,864$1,404$1,042$764$555$296
27 years$1,776$1,321$968$700$500$259
28 years$1,694$1,245$900$641$452$227
29 years$1,618$1,174$837$588$408$198
30 years$1,547$1,109$780$540$368$174
31 years$1,481$1,048$727$496$333$152
32 years$1,419$992$678$455$301$134
33 years$1,361$939$633$419$273$117
34 years$1,307$890$592$385$247$103
35 years$1,255$845$553$355$224$90
36 years$1,207$802$518$327$203$79
37 years$1,161$761$484$301$184$69
38 years$1,118$724$454$277$166$61
39 years$1,078$688$425$256$151$54
40 years$1,039$655$398$236$137$47
41 years$1,002$623$374$218$124$41
42 years$968$593$350$201$113$36
43 years$934$565$329$185$102$32
44 years$903$539$309$171$93$28
45 years$873$514$290$158$84$25
46 years$844$490$272$146$77$22
47 years$817$468$256$135$70$19
48 years$791$447$240$125$63$17
49 years$766$427$226$115$57$15
50 years$742$407$212$107$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $760,000, adding $3,507 every year, while hoping to spend $49,003 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/9/22 Blend
70$760,000$760,000$760,000$760,000
71$841,137$800,857$789,077$894,308
72$874,795$787,961$763,373$917,420
73$910,243$772,790$735,165$936,662
74$947,612$755,181$704,317$956,540
75$987,046$734,962$670,689$977,114
76$1,028,699$711,950$634,132$998,449
77$1,072,742$685,951$594,491$1,020,624
78$1,119,359$656,760$551,604$1,043,721
79$1,168,753$624,161$505,302$1,067,836
80$1,221,144$587,923$455,408$1,093,076
81$1,276,775$547,805$401,738$1,119,559
82$1,335,909$503,550$344,099$1,147,417
83$1,398,834$454,887$282,289$1,176,801
84$1,465,868$401,530$216,099$1,207,875
85$1,537,357$343,175$145,308$1,240,824
86$1,613,680$279,502$69,688$1,275,855
87$1,695,252$210,175$0$1,313,198
88$1,782,529$134,835$0$1,355,694
89$1,876,011$53,106$0$1,418,668
90$1,976,245$0$0$1,486,123
91$2,083,833$0$0$1,561,984
92$2,199,435$0$0$1,649,175
93$2,323,774$0$0$1,742,988
94$2,457,645$0$0$1,844,027
95$2,601,922$0$0$1,952,953
96$2,757,563$0$0$2,070,497
97$2,925,623$0$0$2,197,457
98$3,107,259$0$0$2,334,715
99$3,303,742$0$0$2,483,236
100$3,516,473$0$0$2,644,083