Can I retire at age 71 with 566,000?

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 $566,000?

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$46,740$46,323$45,917$45,521$45,134$44,644
2 years$23,138$22,708$22,290$21,885$21,492$20,999
3 years$15,272$14,840$14,423$14,022$13,636$13,154
4 years$11,340$10,909$10,496$10,102$9,725$9,259
5 years$8,981$8,553$8,146$7,759$7,393$6,944
6 years$7,409$6,984$6,583$6,205$5,850$5,419
7 years$6,287$5,865$5,470$5,102$4,757$4,344
8 years$5,446$5,027$4,639$4,280$3,947$3,551
9 years$4,792$4,377$3,996$3,645$3,324$2,946
10 years$4,269$3,858$3,484$3,142$2,832$2,471
11 years$3,841$3,435$3,067$2,735$2,436$2,092
12 years$3,485$3,083$2,722$2,399$2,111$1,784
13 years$3,184$2,786$2,432$2,118$1,840$1,530
14 years$2,926$2,532$2,185$1,880$1,613$1,318
15 years$2,703$2,313$1,973$1,677$1,421$1,141
16 years$2,508$2,123$1,789$1,501$1,255$991
17 years$2,336$1,955$1,628$1,349$1,113$863
18 years$2,183$1,806$1,486$1,215$990$753
19 years$2,046$1,674$1,360$1,098$882$659
20 years$1,924$1,556$1,248$995$788$578
21 years$1,813$1,449$1,148$903$705$507
22 years$1,712$1,353$1,058$821$632$446
23 years$1,620$1,265$977$748$567$393
24 years$1,536$1,185$904$682$510$346
25 years$1,459$1,112$837$623$459$305
26 years$1,388$1,045$776$569$413$269
27 years$1,322$984$721$521$373$238
28 years$1,261$927$670$477$336$210
29 years$1,205$875$624$438$304$186
30 years$1,152$826$581$402$274$165
31 years$1,103$781$541$369$248$146
32 years$1,057$739$505$339$224$129
33 years$1,014$700$472$312$203$114
34 years$973$663$441$287$184$101
35 years$935$629$412$264$167$90
36 years$899$597$385$243$151$80
37 years$865$567$361$224$137$71
38 years$833$539$338$207$124$63
39 years$803$512$317$191$112$56
40 years$774$487$297$176$102$49
41 years$747$464$278$162$93$44
42 years$721$442$261$150$84$39
43 years$696$421$245$138$76$34
44 years$672$401$230$128$69$31
45 years$650$383$216$118$63$27
46 years$629$365$203$109$57$24
47 years$608$348$190$101$52$21
48 years$589$333$179$93$47$19
49 years$570$318$168$86$43$17
50 years$553$303$158$79$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $566,000, adding $4,420 every year, while hoping to spend $43,106 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: 82/8/10 Blend
70$566,000$566,000$566,000$566,000
71$628,291$598,293$589,520$678,470
72$646,512$581,745$563,405$695,432
73$665,148$562,941$534,970$707,886
74$684,193$541,726$504,092$720,260
75$703,644$517,934$470,642$732,523
76$723,494$491,391$434,486$744,640
77$743,732$461,911$395,484$756,572
78$764,348$429,300$353,488$768,278
79$785,327$393,351$308,345$779,711
80$806,650$353,845$259,894$790,820
81$828,297$310,552$207,969$801,549
82$850,242$263,227$152,394$811,838
83$872,455$211,614$92,988$821,619
84$894,901$155,439$29,559$830,817
85$917,541$94,416$0$839,354
86$940,329$28,240$0$851,208
87$963,210$0$0$865,844
88$986,124$0$0$883,842
89$1,009,003$0$0$904,288
90$1,031,768$0$0$924,624
91$1,054,330$0$0$944,768
92$1,076,589$0$0$964,631
93$1,098,432$0$0$984,111
94$1,119,732$0$0$1,003,091
95$1,140,347$0$0$1,021,444
96$1,160,115$0$0$1,039,023
97$1,178,859$0$0$1,055,668
98$1,196,378$0$0$1,071,196
99$1,212,447$0$0$1,085,405
100$1,226,818$0$0$1,098,070