Can I retire at age 71 with 760,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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%13.4%
1 years$62,760$62,201$61,656$61,123$60,603$59,747
2 years$31,069$30,491$29,930$29,386$28,859$27,998
3 years$20,507$19,926$19,367$18,828$18,309$17,470
4 years$15,227$14,648$14,094$13,565$13,058$12,248
5 years$12,060$11,484$10,937$10,419$9,927$9,147
6 years$9,949$9,378$8,839$8,332$7,855$7,107
7 years$8,442$7,875$7,345$6,850$6,388$5,672
8 years$7,312$6,751$6,229$5,746$5,299$4,615
9 years$6,434$5,878$5,365$4,895$4,463$3,810
10 years$5,732$5,181$4,678$4,219$3,803$3,181
11 years$5,157$4,612$4,118$3,672$3,270$2,680
12 years$4,679$4,140$3,655$3,221$2,834$2,273
13 years$4,275$3,741$3,265$2,844$2,471$1,939
14 years$3,929$3,400$2,934$2,524$2,166$1,663
15 years$3,629$3,106$2,649$2,251$1,907$1,431
16 years$3,367$2,850$2,402$2,016$1,686$1,236
17 years$3,136$2,625$2,185$1,811$1,495$1,070
18 years$2,931$2,425$1,995$1,632$1,329$929
19 years$2,748$2,248$1,826$1,475$1,185$808
20 years$2,583$2,089$1,676$1,336$1,058$704
21 years$2,434$1,946$1,542$1,212$947$615
22 years$2,299$1,816$1,421$1,102$849$537
23 years$2,176$1,699$1,312$1,004$762$470
24 years$2,063$1,592$1,213$916$685$412
25 years$1,959$1,494$1,124$836$616$361
26 years$1,864$1,404$1,042$764$555$316
27 years$1,776$1,321$968$700$500$278
28 years$1,694$1,245$900$641$452$244
29 years$1,618$1,174$837$588$408$214
30 years$1,547$1,109$780$540$368$188
31 years$1,481$1,048$727$496$333$166
32 years$1,419$992$678$455$301$146
33 years$1,361$939$633$419$273$128
34 years$1,307$890$592$385$247$113
35 years$1,255$845$553$355$224$99
36 years$1,207$802$518$327$203$88
37 years$1,161$761$484$301$184$77
38 years$1,118$724$454$277$166$68
39 years$1,078$688$425$256$151$60
40 years$1,039$655$398$236$137$53
41 years$1,002$623$374$218$124$46
42 years$968$593$350$201$113$41
43 years$934$565$329$185$102$36
44 years$903$539$309$171$93$32
45 years$873$514$290$158$84$28
46 years$844$490$272$146$77$25
47 years$817$468$256$135$70$22
48 years$791$447$240$125$63$19
49 years$766$427$226$115$57$17
50 years$742$407$212$107$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $760,000, adding $3,072 every year, while hoping to spend $46,298 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: 72/23/5 Blend
70$760,000$760,000$760,000$760,000
71$840,689$800,409$788,629$900,629
72$877,178$790,368$765,787$930,508
73$915,838$778,284$740,629$957,100
74$956,841$764,007$713,027$984,901
75$1,000,374$747,379$682,849$1,014,014
76$1,046,645$728,233$649,957$1,044,555
77$1,095,879$706,393$614,207$1,076,654
78$1,148,324$681,671$575,447$1,110,454
79$1,204,248$653,868$533,520$1,146,114
80$1,263,948$622,775$488,260$1,183,809
81$1,327,750$588,169$439,496$1,223,734
82$1,396,007$549,817$387,046$1,266,106
83$1,469,111$507,469$330,723$1,311,164
84$1,547,489$460,864$270,331$1,359,176
85$1,631,611$409,723$205,665$1,410,435
86$1,721,990$353,755$136,510$1,465,270
87$1,819,193$292,649$62,643$1,524,041
88$1,923,839$226,077$0$1,587,151
89$2,036,611$153,695$0$1,655,908
90$2,158,257$75,137$0$1,733,564
91$2,289,598$0$0$1,817,333
92$2,431,539$0$0$1,910,360
93$2,585,073$0$0$2,031,584
94$2,751,291$0$0$2,162,853
95$2,931,394$0$0$2,305,120
96$3,126,700$0$0$2,459,429
97$3,338,661$0$0$2,626,933
98$3,568,872$0$0$2,808,896
99$3,819,090$0$0$3,006,711
100$4,091,245$0$0$3,221,909