Can I retire at age 71 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$63,999$63,429$62,873$62,330$61,800$61,205
2 years$31,683$31,093$30,521$29,966$29,428$28,830
3 years$20,912$20,319$19,749$19,200$18,671$18,086
4 years$15,528$14,937$14,372$13,832$13,316$12,750
5 years$12,298$11,711$11,153$10,624$10,123$9,577
6 years$10,145$9,563$9,014$8,496$8,010$7,485
7 years$8,609$8,031$7,490$6,985$6,514$6,011
8 years$7,456$6,884$6,352$5,860$5,404$4,922
9 years$6,561$5,994$5,471$4,991$4,551$4,090
10 years$5,845$5,283$4,770$4,303$3,878$3,437
11 years$5,259$4,703$4,199$3,745$3,335$2,915
12 years$4,772$4,221$3,727$3,284$2,890$2,490
13 years$4,359$3,815$3,330$2,900$2,520$2,140
14 years$4,006$3,468$2,992$2,574$2,209$1,848
15 years$3,701$3,168$2,701$2,296$1,945$1,603
16 years$3,434$2,906$2,449$2,055$1,719$1,395
17 years$3,198$2,677$2,229$1,847$1,524$1,217
18 years$2,989$2,473$2,034$1,664$1,355$1,065
19 years$2,802$2,292$1,862$1,504$1,208$934
20 years$2,634$2,130$1,709$1,362$1,079$820
21 years$2,482$1,984$1,572$1,236$966$722
22 years$2,344$1,852$1,449$1,124$866$636
23 years$2,219$1,732$1,338$1,024$777$561
24 years$2,104$1,623$1,237$934$698$496
25 years$1,998$1,523$1,146$853$628$438
26 years$1,901$1,431$1,063$780$566$388
27 years$1,811$1,347$987$714$510$343
28 years$1,727$1,269$917$654$460$304
29 years$1,650$1,198$854$600$416$270
30 years$1,578$1,131$795$550$376$239
31 years$1,510$1,069$741$505$340$212
32 years$1,447$1,012$692$464$307$188
33 years$1,388$958$646$427$278$167
34 years$1,332$908$603$393$252$149
35 years$1,280$861$564$362$228$132
36 years$1,231$817$528$333$207$117
37 years$1,184$776$494$307$187$104
38 years$1,140$738$463$283$170$93
39 years$1,099$702$433$261$154$83
40 years$1,060$667$406$241$140$73
41 years$1,022$635$381$222$127$65
42 years$987$605$357$205$115$58
43 years$953$577$335$189$104$52
44 years$921$550$315$175$95$46
45 years$890$524$296$161$86$41
46 years$861$500$278$149$78$36
47 years$833$477$261$138$71$32
48 years$807$455$245$127$64$29
49 years$781$435$230$118$58$26
50 years$757$415$217$109$53$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $775,000, adding $3,147 every year, while hoping to spend $34,138 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: 74/14/12 Blend
70$775,000$775,000$775,000$775,000
71$857,296$816,221$804,209$918,436
72$908,418$819,893$794,827$962,917
73$963,610$822,601$783,987$1,007,077
74$1,023,251$824,262$771,604$1,054,524
75$1,087,758$824,787$757,588$1,105,572
76$1,157,589$824,081$741,847$1,160,571
77$1,233,248$822,046$724,284$1,219,904
78$1,315,288$818,575$704,796$1,283,994
79$1,404,318$813,555$683,277$1,353,309
80$1,501,007$806,868$659,616$1,428,364
81$1,606,093$798,387$633,695$1,509,725
82$1,720,384$787,978$605,394$1,598,020
83$1,844,773$775,499$574,584$1,693,937
84$1,980,240$760,799$541,133$1,798,240
85$2,127,865$743,718$504,902$1,911,766
86$2,288,835$724,088$465,744$2,035,443
87$2,464,458$701,730$423,508$2,170,291
88$2,656,173$676,455$378,036$2,317,436
89$2,865,563$648,062$329,160$2,478,121
90$3,094,373$616,339$276,709$2,653,714
91$3,344,521$581,062$220,502$2,845,726
92$3,618,122$541,994$160,348$3,055,823
93$3,917,503$498,884$96,052$3,285,840
94$4,245,226$451,468$27,408$3,537,805
95$4,604,114$399,464$0$3,813,949
96$4,997,273$342,577$0$4,122,607
97$5,428,125$280,494$0$4,464,751
98$5,900,440$212,885$0$4,839,892
99$6,418,369$139,400$0$5,251,364
100$6,986,483$59,671$0$5,702,841