Can I retire at age 71 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$63,668$63,101$62,548$62,008$61,481$61,042
2 years$31,519$30,932$30,363$29,812$29,276$28,834
3 years$20,804$20,214$19,647$19,101$18,574$18,142
4 years$15,447$14,860$14,298$13,761$13,247$12,828
5 years$12,234$11,650$11,096$10,570$10,070$9,666
6 years$10,093$9,513$8,967$8,453$7,968$7,579
7 years$8,564$7,989$7,452$6,949$6,480$6,106
8 years$7,418$6,848$6,320$5,830$5,376$5,017
9 years$6,527$5,963$5,443$4,966$4,527$4,184
10 years$5,815$5,256$4,745$4,280$3,858$3,529
11 years$5,232$4,679$4,178$3,725$3,318$3,004
12 years$4,747$4,200$3,708$3,268$2,875$2,576
13 years$4,337$3,795$3,313$2,885$2,507$2,222
14 years$3,986$3,450$2,976$2,561$2,198$1,927
15 years$3,682$3,151$2,687$2,284$1,935$1,677
16 years$3,416$2,891$2,436$2,045$1,710$1,466
17 years$3,182$2,663$2,217$1,837$1,516$1,285
18 years$2,973$2,461$2,024$1,656$1,348$1,129
19 years$2,788$2,280$1,853$1,496$1,202$994
20 years$2,620$2,119$1,700$1,355$1,073$877
21 years$2,469$1,974$1,564$1,230$961$775
22 years$2,332$1,842$1,441$1,118$861$686
23 years$2,207$1,723$1,331$1,018$773$608
24 years$2,093$1,615$1,231$929$695$540
25 years$1,988$1,515$1,140$848$625$479
26 years$1,891$1,424$1,057$776$563$426
27 years$1,801$1,340$982$710$508$379
28 years$1,718$1,263$913$650$458$338
29 years$1,641$1,191$849$596$414$301
30 years$1,569$1,125$791$547$374$268
31 years$1,502$1,064$738$503$338$239
32 years$1,440$1,006$688$462$306$213
33 years$1,381$953$643$425$277$190
34 years$1,325$903$600$391$250$170
35 years$1,274$857$561$360$227$152
36 years$1,225$813$525$331$206$136
37 years$1,178$772$491$305$186$121
38 years$1,135$734$460$281$169$108
39 years$1,093$698$431$260$153$97
40 years$1,054$664$404$239$139$86
41 years$1,017$632$379$221$126$77
42 years$982$602$355$204$114$69
43 years$948$574$334$188$104$62
44 years$916$547$313$174$94$55
45 years$886$521$294$160$86$49
46 years$857$497$276$148$78$44
47 years$829$475$259$137$71$40
48 years$802$453$244$127$64$35
49 years$777$433$229$117$58$32
50 years$753$413$215$108$53$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $771,000, adding $2,044 every year, while hoping to spend $45,889 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: 53/32/15 Blend
70$771,000$771,000$771,000$771,000
71$851,750$810,887$798,937$893,370
72$889,803$801,795$776,876$912,931
73$930,200$790,720$752,538$929,149
74$973,130$777,515$725,798$945,763
75$1,018,803$762,027$696,525$962,824
76$1,067,447$744,092$664,585$980,389
77$1,119,311$723,537$629,833$998,524
78$1,174,669$700,178$592,120$1,017,303
79$1,233,821$673,823$551,292$1,036,814
80$1,297,096$644,265$507,186$1,057,154
81$1,364,853$611,288$459,630$1,078,433
82$1,437,489$574,662$408,449$1,100,780
83$1,515,436$534,144$353,455$1,124,336
84$1,599,171$489,477$294,456$1,149,264
85$1,689,215$440,390$231,249$1,175,746
86$1,786,142$386,596$163,623$1,203,987
87$1,890,581$327,792$91,357$1,234,221
88$2,003,224$263,658$14,221$1,266,708
89$2,124,830$193,854$0$1,301,740
90$2,256,234$118,025$0$1,350,546
91$2,398,354$35,792$0$1,405,733
92$2,552,197$0$0$1,465,477
93$2,718,873$0$0$1,549,033
94$2,899,599$0$0$1,653,361
95$3,095,717$0$0$1,766,640
96$3,308,700$0$0$1,889,729
97$3,540,170$0$0$2,023,575
98$3,791,911$0$0$2,169,217
99$4,065,884$0$0$2,327,801
100$4,364,249$0$0$2,500,586