Can I retire at age 71 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$44,840$44,441$44,051$43,671$43,300$43,117
2 years$22,198$21,785$21,384$20,996$20,619$20,435
3 years$14,652$14,237$13,837$13,452$13,081$12,901
4 years$10,879$10,465$10,070$9,691$9,330$9,155
5 years$8,616$8,205$7,815$7,444$7,092$6,923
6 years$7,108$6,700$6,315$5,953$5,612$5,449
7 years$6,032$5,627$5,248$4,894$4,564$4,407
8 years$5,224$4,823$4,451$4,106$3,786$3,636
9 years$4,597$4,199$3,833$3,497$3,189$3,044
10 years$4,095$3,702$3,342$3,015$2,717$2,578
11 years$3,685$3,295$2,942$2,624$2,337$2,204
12 years$3,343$2,958$2,611$2,301$2,025$1,898
13 years$3,054$2,673$2,333$2,032$1,766$1,645
14 years$2,807$2,430$2,096$1,803$1,548$1,433
15 years$2,593$2,219$1,893$1,608$1,363$1,253
16 years$2,406$2,036$1,716$1,440$1,204$1,100
17 years$2,241$1,875$1,561$1,294$1,068$969
18 years$2,094$1,733$1,425$1,166$950$856
19 years$1,963$1,606$1,305$1,054$846$757
20 years$1,845$1,492$1,198$954$756$672
21 years$1,739$1,390$1,101$866$677$597
22 years$1,643$1,298$1,015$787$606$531
23 years$1,555$1,214$937$717$544$473
24 years$1,474$1,137$867$654$489$422
25 years$1,400$1,067$803$597$440$377
26 years$1,332$1,003$745$546$397$337
27 years$1,269$944$691$500$358$301
28 years$1,210$889$643$458$323$270
29 years$1,156$839$598$420$291$242
30 years$1,105$792$557$386$263$217
31 years$1,058$749$519$354$238$194
32 years$1,014$709$485$325$215$174
33 years$972$671$453$299$195$156
34 years$934$636$423$275$176$141
35 years$897$603$395$253$160$126
36 years$862$573$370$233$145$113
37 years$830$544$346$215$131$102
38 years$799$517$324$198$119$92
39 years$770$492$304$183$108$82
40 years$742$468$285$169$98$74
41 years$716$445$267$156$89$67
42 years$691$424$250$144$81$60
43 years$668$404$235$133$73$54
44 years$645$385$221$122$66$49
45 years$624$367$207$113$60$44
46 years$603$350$194$104$55$39
47 years$584$334$183$96$50$35
48 years$565$319$172$89$45$32
49 years$547$305$161$82$41$29
50 years$530$291$152$76$37$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $543,000, adding $3,885 every year, while hoping to spend $26,499 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: 55/36/9 Blend
70$543,000$543,000$543,000$543,000
71$602,393$573,614$565,198$633,995
72$635,643$573,527$555,937$655,724
73$671,395$572,547$545,478$676,119
74$709,879$570,603$533,753$697,689
75$751,343$567,618$520,690$720,551
76$796,061$563,513$506,214$744,833
77$844,335$558,201$490,248$770,678
78$896,496$551,591$472,710$798,245
79$952,907$543,588$453,515$827,710
80$1,013,969$534,090$432,573$859,270
81$1,080,122$522,987$409,792$893,140
82$1,151,847$510,167$385,073$929,563
83$1,229,678$495,507$358,315$968,804
84$1,314,198$478,880$329,411$1,011,160
85$1,406,050$460,149$298,251$1,056,958
86$1,505,943$439,172$264,718$1,106,564
87$1,614,653$415,795$228,690$1,160,380
88$1,733,037$389,859$190,041$1,218,852
89$1,862,038$361,194$148,638$1,282,475
90$2,002,693$329,618$104,344$1,351,797
91$2,156,142$294,944$57,014$1,427,424
92$2,323,641$256,970$6,497$1,510,029
93$2,506,575$215,483$0$1,600,355
94$2,706,464$170,260$0$1,703,778
95$2,924,984$121,064$0$1,817,616
96$3,163,981$67,645$0$1,942,269
97$3,425,487$9,739$0$2,078,870
98$3,711,737$0$0$2,228,667
99$4,025,196$0$0$2,414,013
100$4,368,575$0$0$2,621,327