Can I retire at age 71 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$47,483$47,060$46,647$46,245$45,851$45,620
2 years$23,506$23,069$22,644$22,233$21,834$21,600
3 years$15,515$15,076$14,652$14,245$13,852$13,624
4 years$11,520$11,082$10,663$10,263$9,880$9,658
5 years$9,124$8,689$8,275$7,883$7,510$7,296
6 years$7,527$7,095$6,687$6,304$5,943$5,736
7 years$6,387$5,958$5,557$5,183$4,833$4,634
8 years$5,532$5,107$4,713$4,348$4,009$3,819
9 years$4,868$4,447$4,059$3,703$3,377$3,194
10 years$4,336$3,920$3,539$3,192$2,877$2,702
11 years$3,902$3,489$3,116$2,778$2,474$2,307
12 years$3,540$3,132$2,765$2,437$2,144$1,984
13 years$3,234$2,830$2,470$2,151$1,870$1,717
14 years$2,973$2,573$2,220$1,910$1,639$1,494
15 years$2,746$2,350$2,004$1,703$1,443$1,305
16 years$2,547$2,156$1,817$1,525$1,275$1,144
17 years$2,373$1,986$1,653$1,370$1,131$1,006
18 years$2,218$1,835$1,509$1,235$1,006$887
19 years$2,079$1,701$1,382$1,116$896$784
20 years$1,954$1,580$1,268$1,011$801$694
21 years$1,842$1,472$1,166$917$716$616
22 years$1,739$1,374$1,075$834$642$547
23 years$1,646$1,285$993$759$576$487
24 years$1,561$1,204$918$693$518$434
25 years$1,482$1,130$850$633$466$387
26 years$1,410$1,062$789$578$420$345
27 years$1,343$999$732$529$379$308
28 years$1,282$942$681$485$342$276
29 years$1,224$888$633$445$308$246
30 years$1,170$839$590$408$279$221
31 years$1,120$793$550$375$252$198
32 years$1,074$751$513$345$228$177
33 years$1,030$711$479$317$206$159
34 years$989$674$448$292$187$142
35 years$950$639$419$268$169$127
36 years$913$606$392$247$153$114
37 years$879$576$367$228$139$103
38 years$846$547$343$210$126$92
39 years$815$521$322$194$114$83
40 years$786$495$301$179$104$74
41 years$758$471$283$165$94$67
42 years$732$449$265$152$85$60
43 years$707$428$249$140$77$54
44 years$683$408$234$130$70$48
45 years$660$389$219$120$64$43
46 years$639$371$206$111$58$39
47 years$618$354$193$102$53$35
48 years$598$338$182$94$48$31
49 years$579$323$171$87$43$28
50 years$561$308$161$81$39$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $575,000, adding $5,161 every year, while hoping to spend $33,602 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: 40/30/30 Blend
70$575,000$575,000$575,000$575,000
71$638,974$608,499$599,586$658,707
72$668,397$602,563$583,920$667,644
73$699,695$595,210$566,603$673,830
74$733,023$586,335$547,544$679,896
75$768,553$575,827$526,648$685,850
76$806,471$563,568$503,816$691,709
77$846,982$549,434$478,945$697,490
78$890,310$533,291$451,925$703,218
79$936,700$515,002$422,644$708,921
80$986,424$494,417$390,982$714,636
81$1,039,775$471,379$356,816$720,405
82$1,097,080$445,725$320,017$726,279
83$1,158,694$417,277$280,450$732,319
84$1,225,008$385,851$237,973$738,595
85$1,296,453$351,252$192,439$745,188
86$1,373,500$313,272$143,694$752,195
87$1,456,667$271,692$91,577$759,725
88$1,546,523$226,281$35,922$767,905
89$1,643,695$176,796$0$776,879
90$1,748,871$122,978$0$794,327
91$1,862,807$64,554$0$825,682
92$1,986,333$1,238$0$859,711
93$2,120,366$0$0$896,719
94$2,265,909$0$0$959,258
95$2,424,070$0$0$1,027,730
96$2,596,065$0$0$1,102,260
97$2,783,233$0$0$1,183,438
98$2,987,046$0$0$1,271,911
99$3,209,126$0$0$1,368,394
100$3,451,257$0$0$1,473,670