Can I retire at age 71 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$64,329$63,756$63,197$62,651$62,119$61,140
2 years$31,846$31,253$30,678$30,121$29,580$28,597
3 years$21,020$20,424$19,851$19,299$18,767$17,809
4 years$15,608$15,014$14,446$13,904$13,385$12,460
5 years$12,361$11,771$11,211$10,679$10,175$9,286
6 years$10,198$9,612$9,060$8,540$8,051$7,199
7 years$8,653$8,072$7,529$7,021$6,548$5,733
8 years$7,495$6,919$6,385$5,890$5,432$4,654
9 years$6,595$6,025$5,500$5,017$4,574$3,833
10 years$5,875$5,310$4,795$4,325$3,898$3,193
11 years$5,286$4,727$4,221$3,764$3,352$2,682
12 years$4,796$4,243$3,746$3,301$2,905$2,270
13 years$4,382$3,835$3,347$2,915$2,533$1,931
14 years$4,027$3,485$3,007$2,587$2,221$1,651
15 years$3,720$3,184$2,715$2,307$1,955$1,417
16 years$3,451$2,921$2,462$2,066$1,728$1,221
17 years$3,215$2,690$2,240$1,856$1,532$1,054
18 years$3,004$2,486$2,045$1,673$1,362$913
19 years$2,816$2,304$1,872$1,512$1,214$791
20 years$2,648$2,141$1,718$1,369$1,085$688
21 years$2,495$1,994$1,580$1,243$971$598
22 years$2,356$1,862$1,456$1,130$870$521
23 years$2,230$1,741$1,345$1,029$781$455
24 years$2,115$1,631$1,244$938$702$397
25 years$2,008$1,531$1,152$857$632$347
26 years$1,911$1,439$1,068$784$569$303
27 years$1,820$1,354$992$717$513$265
28 years$1,736$1,276$922$657$463$232
29 years$1,658$1,204$858$603$418$203
30 years$1,586$1,137$799$553$378$178
31 years$1,518$1,075$745$508$341$156
32 years$1,455$1,017$695$467$309$137
33 years$1,395$963$649$429$279$120
34 years$1,339$913$607$395$253$105
35 years$1,287$866$567$364$229$92
36 years$1,237$822$531$335$208$81
37 years$1,191$780$497$309$188$71
38 years$1,146$742$465$284$171$63
39 years$1,105$705$436$262$155$55
40 years$1,065$671$408$242$140$48
41 years$1,027$639$383$223$127$42
42 years$992$608$359$206$116$37
43 years$958$580$337$190$105$33
44 years$926$552$316$176$95$29
45 years$895$527$297$162$86$25
46 years$865$503$279$150$78$22
47 years$837$480$262$138$71$19
48 years$811$458$246$128$65$17
49 years$785$437$232$118$59$15
50 years$761$418$218$109$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $779,000, adding $3,668 every year, while hoping to spend $29,409 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: 54/17/29 Blend
70$779,000$779,000$779,000$779,000
71$862,242$820,955$808,880$901,660
72$918,899$829,890$804,687$938,278
73$980,350$838,278$799,367$974,820
74$1,047,053$846,061$792,852$1,014,022
75$1,119,510$853,176$785,071$1,056,154
76$1,198,276$859,557$775,947$1,101,508
77$1,283,961$865,136$765,401$1,150,413
78$1,377,234$869,837$753,352$1,203,229
79$1,478,834$873,581$739,711$1,260,356
80$1,589,572$876,284$724,389$1,322,233
81$1,710,343$877,856$707,290$1,389,349
82$1,842,129$878,202$688,315$1,462,243
83$1,986,013$877,221$667,361$1,541,508
84$2,143,187$874,806$644,318$1,627,804
85$2,314,963$870,842$619,073$1,721,855
86$2,502,785$865,208$591,508$1,824,466
87$2,708,243$857,777$561,497$1,936,521
88$2,933,088$848,413$528,912$2,059,000
89$3,179,248$836,970$493,616$2,192,985
90$3,448,847$823,297$455,467$2,339,668
91$3,744,222$807,232$414,318$2,500,367
92$4,067,949$788,602$370,014$2,676,540
93$4,422,863$767,227$322,393$2,869,791
94$4,812,087$742,914$271,285$3,081,896
95$5,239,063$715,459$216,516$3,314,812
96$5,707,578$684,648$157,901$3,570,701
97$6,221,808$650,252$95,246$3,851,948
98$6,786,348$612,030$28,353$4,161,186
99$7,406,264$569,728$0$4,501,321
100$8,087,134$523,076$0$4,888,875