Can I retire at age 71 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$44,097$43,704$43,321$42,947$42,582$42,120
2 years$21,830$21,424$21,030$20,648$20,277$19,812
3 years$14,409$14,001$13,608$13,229$12,865$12,410
4 years$10,699$10,292$9,903$9,531$9,175$8,736
5 years$8,474$8,069$7,685$7,321$6,975$6,552
6 years$6,991$6,589$6,211$5,854$5,519$5,112
7 years$5,932$5,533$5,161$4,813$4,488$4,098
8 years$5,138$4,743$4,377$4,038$3,724$3,350
9 years$4,521$4,130$3,770$3,439$3,136$2,779
10 years$4,027$3,640$3,287$2,965$2,672$2,331
11 years$3,624$3,241$2,894$2,580$2,298$1,974
12 years$3,288$2,909$2,568$2,263$1,991$1,683
13 years$3,004$2,629$2,294$1,998$1,736$1,443
14 years$2,761$2,389$2,061$1,774$1,522$1,244
15 years$2,550$2,183$1,861$1,582$1,340$1,076
16 years$2,366$2,003$1,687$1,416$1,184$935
17 years$2,204$1,844$1,536$1,272$1,050$814
18 years$2,059$1,704$1,402$1,147$934$711
19 years$1,931$1,579$1,283$1,036$832$622
20 years$1,815$1,468$1,178$938$743$545
21 years$1,710$1,367$1,083$852$665$479
22 years$1,615$1,276$998$774$596$421
23 years$1,529$1,194$922$705$535$370
24 years$1,450$1,118$853$643$481$326
25 years$1,377$1,049$790$587$433$288
26 years$1,310$986$732$537$390$254
27 years$1,248$928$680$492$352$225
28 years$1,190$875$632$450$317$198
29 years$1,137$825$588$413$286$176
30 years$1,087$779$548$379$259$155
31 years$1,041$737$511$348$234$137
32 years$997$697$477$320$212$122
33 years$956$660$445$294$192$108
34 years$918$626$416$271$173$96
35 years$882$593$389$249$157$85
36 years$848$563$364$230$142$75
37 years$816$535$340$211$129$67
38 years$786$508$319$195$117$59
39 years$757$483$299$180$106$52
40 years$730$460$280$166$96$46
41 years$704$438$262$153$87$41
42 years$680$417$246$141$79$37
43 years$657$397$231$130$72$32
44 years$634$379$217$120$65$29
45 years$613$361$204$111$59$26
46 years$593$344$191$103$54$23
47 years$574$329$180$95$49$20
48 years$556$314$169$88$44$18
49 years$538$300$159$81$40$16
50 years$521$286$149$75$37$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $534,000, adding $3,276 every year, while hoping to spend $34,859 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: 75/20/5 Blend
70$534,000$534,000$534,000$534,000
71$591,847$563,545$555,268$635,790
72$615,126$554,069$536,780$655,646
73$639,611$542,961$516,504$672,607
74$665,388$530,102$494,344$690,176
75$692,551$515,371$470,198$708,397
76$721,203$498,636$443,961$727,324
77$751,454$479,758$415,523$747,013
78$783,427$458,591$384,767$767,528
79$817,254$434,979$351,574$788,941
80$853,080$408,759$315,818$811,330
81$891,062$379,756$277,366$834,782
82$931,375$347,788$236,082$859,396
83$974,205$312,660$191,821$885,279
84$1,019,762$274,168$144,434$912,551
85$1,068,270$232,095$93,765$941,347
86$1,119,977$186,211$39,650$971,814
87$1,175,155$136,276$0$1,004,118
88$1,234,101$82,033$0$1,039,406
89$1,297,140$23,213$0$1,079,237
90$1,364,629$0$0$1,121,729
91$1,436,961$0$0$1,176,048
92$1,514,565$0$0$1,239,822
93$1,597,911$0$0$1,308,331
94$1,687,519$0$0$1,382,003
95$1,783,954$0$0$1,461,306
96$1,887,842$0$0$1,546,755
97$1,999,867$0$0$1,638,917
98$2,120,782$0$0$1,738,413
99$2,251,413$0$0$1,845,926
100$2,392,669$0$0$1,962,206