Can I retire at age 71 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$63,338$62,774$62,224$61,686$61,162$60,700
2 years$31,356$30,772$30,206$29,657$29,125$28,659
3 years$20,696$20,110$19,545$19,001$18,478$18,023
4 years$15,367$14,783$14,224$13,689$13,179$12,738
5 years$12,171$11,590$11,038$10,515$10,018$9,593
6 years$10,041$9,464$8,921$8,409$7,927$7,518
7 years$8,520$7,948$7,413$6,913$6,447$6,054
8 years$7,380$6,813$6,287$5,799$5,348$4,971
9 years$6,493$5,932$5,415$4,940$4,504$4,143
10 years$5,784$5,229$4,721$4,258$3,838$3,493
11 years$5,205$4,655$4,156$3,706$3,300$2,971
12 years$4,722$4,178$3,688$3,251$2,860$2,546
13 years$4,314$3,775$3,295$2,870$2,494$2,195
14 years$3,965$3,432$2,961$2,547$2,186$1,902
15 years$3,663$3,135$2,673$2,272$1,925$1,655
16 years$3,398$2,876$2,424$2,034$1,701$1,445
17 years$3,165$2,649$2,206$1,828$1,508$1,265
18 years$2,958$2,448$2,013$1,647$1,341$1,111
19 years$2,773$2,269$1,843$1,488$1,196$978
20 years$2,607$2,108$1,692$1,348$1,068$862
21 years$2,457$1,964$1,556$1,223$956$762
22 years$2,320$1,833$1,434$1,112$857$674
23 years$2,196$1,714$1,324$1,013$769$597
24 years$2,082$1,606$1,224$924$691$529
25 years$1,977$1,507$1,134$844$622$469
26 years$1,881$1,417$1,052$772$560$417
27 years$1,792$1,333$977$706$505$371
28 years$1,709$1,256$908$647$456$330
29 years$1,633$1,185$845$593$412$294
30 years$1,561$1,119$787$545$372$261
31 years$1,495$1,058$734$500$336$233
32 years$1,432$1,001$685$460$304$208
33 years$1,374$948$639$423$275$185
34 years$1,319$899$597$389$249$165
35 years$1,267$852$558$358$226$147
36 years$1,218$809$522$330$204$132
37 years$1,172$768$489$304$185$117
38 years$1,129$730$458$280$168$105
39 years$1,088$694$429$258$152$94
40 years$1,049$661$402$238$138$84
41 years$1,012$629$377$220$125$75
42 years$977$599$354$203$114$67
43 years$943$571$332$187$103$60
44 years$911$544$311$173$94$53
45 years$881$519$292$160$85$48
46 years$852$495$275$147$77$43
47 years$825$472$258$136$70$38
48 years$798$451$243$126$64$34
49 years$773$430$228$116$58$30
50 years$749$411$214$108$53$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $767,000, adding $5,118 every year, while hoping to spend $33,167 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: 60/12/28 Blend
70$767,000$767,000$767,000$767,000
71$850,513$809,862$797,974$894,819
72$901,976$814,256$789,416$930,025
73$957,577$817,754$779,461$964,432
74$1,017,702$820,276$768,025$1,001,283
75$1,082,777$821,739$755,023$1,040,823
76$1,153,270$822,054$740,366$1,083,324
77$1,229,694$821,125$723,960$1,129,087
78$1,312,616$818,854$705,705$1,178,446
79$1,402,657$815,131$685,501$1,231,768
80$1,500,501$809,846$663,238$1,289,461
81$1,606,901$802,877$638,805$1,351,973
82$1,722,683$794,096$612,083$1,419,803
83$1,848,760$783,370$582,951$1,493,500
84$1,986,133$770,554$551,279$1,573,672
85$2,135,905$755,498$516,934$1,660,991
86$2,299,290$738,040$479,774$1,756,197
87$2,477,624$718,011$439,653$1,860,112
88$2,672,379$695,231$396,418$1,973,640
89$2,885,172$669,508$349,909$2,097,782
90$3,117,787$640,641$299,959$2,233,643
91$3,372,187$608,418$246,392$2,382,442
92$3,650,531$572,611$189,027$2,545,529
93$3,955,199$532,983$127,674$2,724,391
94$4,288,811$489,281$62,133$2,920,671
95$4,654,253$441,239$0$3,136,183
96$5,054,701$388,574$0$3,375,265
97$5,493,654$330,988$0$3,657,754
98$5,974,967$268,167$0$3,967,576
99$6,502,885$199,777$0$4,307,496
100$7,082,081$125,469$0$4,680,560