Can I retire at age 71 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$63,834$63,265$62,710$62,169$61,640$61,022
2 years$31,601$31,012$30,442$29,889$29,352$28,730
3 years$20,858$20,267$19,698$19,150$18,622$18,014
4 years$15,488$14,898$14,335$13,797$13,282$12,693
5 years$12,266$11,680$11,125$10,597$10,096$9,529
6 years$10,119$9,538$8,990$8,475$7,989$7,444
7 years$8,586$8,010$7,471$6,967$6,497$5,974
8 years$7,437$6,866$6,336$5,845$5,390$4,889
9 years$6,544$5,978$5,457$4,978$4,539$4,060
10 years$5,830$5,269$4,758$4,291$3,868$3,411
11 years$5,246$4,691$4,189$3,735$3,326$2,891
12 years$4,759$4,210$3,717$3,276$2,882$2,468
13 years$4,348$3,805$3,321$2,892$2,514$2,119
14 years$3,996$3,459$2,984$2,567$2,203$1,829
15 years$3,691$3,160$2,694$2,290$1,940$1,585
16 years$3,425$2,899$2,443$2,050$1,715$1,378
17 years$3,190$2,670$2,223$1,842$1,520$1,202
18 years$2,981$2,467$2,029$1,660$1,352$1,051
19 years$2,795$2,286$1,858$1,500$1,205$921
20 years$2,627$2,125$1,705$1,359$1,076$808
21 years$2,476$1,979$1,568$1,233$963$711
22 years$2,338$1,847$1,445$1,121$863$626
23 years$2,213$1,728$1,334$1,021$775$552
24 years$2,098$1,619$1,234$931$697$487
25 years$1,993$1,519$1,143$850$627$430
26 years$1,896$1,428$1,060$778$565$380
27 years$1,806$1,344$984$712$509$337
28 years$1,723$1,266$915$652$459$298
29 years$1,646$1,194$852$598$415$264
30 years$1,573$1,128$793$549$375$234
31 years$1,506$1,066$739$504$339$207
32 years$1,443$1,009$690$463$306$184
33 years$1,384$956$644$426$277$163
34 years$1,329$906$602$392$251$145
35 years$1,277$859$563$361$227$129
36 years$1,228$815$526$332$206$114
37 years$1,181$774$493$306$187$101
38 years$1,138$736$461$282$169$90
39 years$1,096$700$432$260$154$80
40 years$1,057$666$405$240$139$71
41 years$1,020$634$380$221$126$63
42 years$984$604$356$204$115$56
43 years$950$575$334$189$104$50
44 years$918$548$314$174$94$44
45 years$888$523$295$161$86$40
46 years$859$499$277$149$78$35
47 years$831$476$260$137$71$31
48 years$804$454$244$127$64$28
49 years$779$434$230$117$58$25
50 years$755$414$216$108$53$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $773,000, adding $2,441 every year, while hoping to spend $36,069 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: 66/16/18 Blend
70$773,000$773,000$773,000$773,000
71$854,364$813,395$801,413$906,799
72$903,132$814,874$789,884$943,692
73$955,665$815,217$776,759$979,615
74$1,012,310$814,330$761,947$1,018,011
75$1,073,447$812,113$745,353$1,059,122
76$1,139,492$808,460$726,877$1,103,216
77$1,210,906$803,260$706,412$1,150,588
78$1,288,192$796,394$683,851$1,201,565
79$1,371,905$787,735$659,078$1,256,507
80$1,462,655$777,149$631,973$1,315,814
81$1,561,113$764,496$602,410$1,379,927
82$1,668,015$749,625$570,259$1,449,331
83$1,784,172$732,376$535,383$1,524,566
84$1,910,477$712,582$497,637$1,606,224
85$2,047,911$690,064$456,874$1,694,962
86$2,197,554$664,634$412,935$1,791,506
87$2,360,595$636,091$365,659$1,896,654
88$2,538,341$604,224$314,874$2,011,293
89$2,732,231$568,811$260,402$2,136,397
90$2,943,850$529,614$202,056$2,273,046
91$3,174,942$486,384$139,644$2,422,428
92$3,427,426$438,857$72,962$2,585,860
93$3,703,415$386,752$1,798$2,764,791
94$4,005,236$329,776$0$2,960,824
95$4,335,452$267,617$0$3,189,967
96$4,696,882$199,944$0$3,441,225
97$5,092,634$126,411$0$3,716,455
98$5,526,127$46,650$0$4,018,081
99$6,001,129$0$0$4,348,778
100$6,521,789$0$0$4,718,489