Can I retire at age 71 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$46,905$46,487$46,079$45,682$45,293$44,672
2 years$23,220$22,788$22,369$21,962$21,568$20,943
3 years$15,326$14,892$14,474$14,071$13,684$13,075
4 years$11,380$10,947$10,533$10,138$9,759$9,171
5 years$9,013$8,583$8,174$7,787$7,419$6,853
6 years$7,436$7,008$6,606$6,227$5,870$5,327
7 years$6,309$5,886$5,490$5,120$4,774$4,254
8 years$5,465$5,045$4,656$4,295$3,961$3,463
9 years$4,808$4,393$4,010$3,658$3,335$2,861
10 years$4,284$3,872$3,496$3,153$2,842$2,390
11 years$3,855$3,447$3,078$2,744$2,444$2,014
12 years$3,497$3,094$2,731$2,407$2,118$1,710
13 years$3,195$2,796$2,440$2,125$1,847$1,460
14 years$2,936$2,541$2,193$1,887$1,619$1,252
15 years$2,712$2,322$1,980$1,682$1,426$1,079
16 years$2,516$2,130$1,795$1,506$1,260$932
17 years$2,344$1,962$1,633$1,354$1,117$808
18 years$2,191$1,813$1,491$1,220$993$702
19 years$2,054$1,680$1,365$1,102$885$611
20 years$1,930$1,561$1,253$998$791$533
21 years$1,819$1,454$1,152$906$708$465
22 years$1,718$1,357$1,062$824$634$407
23 years$1,626$1,270$981$750$569$356
24 years$1,542$1,189$907$684$512$312
25 years$1,464$1,116$840$625$461$274
26 years$1,393$1,049$779$571$415$241
27 years$1,327$987$723$523$374$211
28 years$1,266$930$672$479$337$186
29 years$1,209$878$626$439$305$163
30 years$1,156$829$583$403$275$144
31 years$1,107$784$543$370$249$126
32 years$1,061$741$507$340$225$111
33 years$1,017$702$473$313$204$98
34 years$976$665$442$288$185$86
35 years$938$631$414$265$167$76
36 years$902$599$387$244$151$67
37 years$868$569$362$225$137$59
38 years$836$541$339$207$124$52
39 years$805$514$318$191$113$46
40 years$777$489$298$176$102$41
41 years$749$466$279$163$93$36
42 years$723$443$262$150$84$32
43 years$698$423$246$139$76$28
44 years$675$403$231$128$69$25
45 years$652$384$217$118$63$22
46 years$631$366$203$109$57$19
47 years$611$350$191$101$52$17
48 years$591$334$180$93$47$15
49 years$572$319$169$86$43$13
50 years$555$304$159$80$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $568,000, adding $4,452 every year, while hoping to spend $41,819 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: 49/32/19 Blend
70$568,000$568,000$568,000$568,000
71$630,528$600,424$591,620$657,866
72$650,347$585,350$566,944$662,197
73$670,786$568,135$540,040$662,273
74$691,863$548,632$510,789$661,468
75$713,600$526,681$479,067$659,715
76$736,015$502,116$444,744$656,944
77$759,130$474,761$407,684$653,080
78$782,966$444,429$367,746$648,044
79$807,545$410,922$324,782$641,754
80$832,889$374,033$278,637$634,120
81$859,022$333,539$229,150$625,051
82$885,968$289,208$176,152$614,447
83$913,752$240,794$119,468$602,204
84$942,397$188,036$58,913$588,214
85$971,931$130,659$0$572,359
86$1,002,380$68,373$0$555,676
87$1,033,771$872$0$549,699
88$1,066,132$0$0$542,377
89$1,099,492$0$0$559,025
90$1,133,880$0$0$576,501
91$1,169,326$0$0$594,515
92$1,205,861$0$0$613,080
93$1,243,516$0$0$632,214
94$1,282,324$0$0$651,933
95$1,322,317$0$0$672,253
96$1,363,529$0$0$693,191
97$1,405,994$0$0$714,764
98$1,449,748$0$0$736,990
99$1,494,825$0$0$759,887
100$1,541,261$0$0$783,472