Can I retire at age 71 with 633,000?

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 $633,000?

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$52,273$51,807$51,353$50,909$50,476$50,221
2 years$25,877$25,396$24,928$24,476$24,036$23,779
3 years$17,080$16,596$16,130$15,682$15,250$14,998
4 years$12,683$12,200$11,739$11,298$10,876$10,632
5 years$10,045$9,565$9,110$8,678$8,268$8,032
6 years$8,287$7,811$7,362$6,940$6,542$6,315
7 years$7,031$6,559$6,118$5,706$5,320$5,102
8 years$6,090$5,622$5,188$4,786$4,414$4,204
9 years$5,359$4,895$4,469$4,077$3,717$3,516
10 years$4,774$4,315$3,896$3,514$3,167$2,975
11 years$4,296$3,841$3,430$3,058$2,724$2,540
12 years$3,897$3,448$3,044$2,683$2,360$2,185
13 years$3,561$3,116$2,720$2,368$2,058$1,891
14 years$3,272$2,832$2,444$2,102$1,804$1,644
15 years$3,023$2,587$2,206$1,875$1,589$1,437
16 years$2,804$2,374$2,000$1,679$1,404$1,259
17 years$2,612$2,186$1,820$1,508$1,245$1,108
18 years$2,441$2,020$1,662$1,359$1,107$977
19 years$2,289$1,872$1,521$1,228$987$863
20 years$2,151$1,740$1,396$1,112$881$764
21 years$2,027$1,621$1,284$1,010$789$678
22 years$1,915$1,513$1,183$918$707$603
23 years$1,812$1,415$1,093$836$635$536
24 years$1,718$1,326$1,011$763$570$478
25 years$1,632$1,244$936$696$513$426
26 years$1,552$1,169$868$637$462$380
27 years$1,479$1,100$806$583$417$339
28 years$1,411$1,037$749$534$376$303
29 years$1,348$978$697$490$340$271
30 years$1,289$924$650$449$307$243
31 years$1,233$873$606$413$277$217
32 years$1,182$826$565$379$251$195
33 years$1,134$782$528$349$227$175
34 years$1,088$742$493$321$206$156
35 years$1,046$703$461$295$186$140
36 years$1,005$668$431$272$169$126
37 years$967$634$403$251$153$113
38 years$932$603$378$231$139$101
39 years$898$573$354$213$126$91
40 years$865$545$332$197$114$82
41 years$835$519$311$181$103$73
42 years$806$494$292$167$94$66
43 years$778$471$274$154$85$59
44 years$752$449$257$143$77$53
45 years$727$428$241$132$70$48
46 years$703$408$227$122$64$43
47 years$680$390$213$112$58$39
48 years$659$372$200$104$53$35
49 years$638$355$188$96$48$31
50 years$618$339$177$89$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $633,000, adding $4,423 every year, while hoping to spend $49,545 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: 80/11/9 Blend
70$633,000$633,000$633,000$633,000
71$702,128$668,579$658,768$757,008
72$721,030$648,624$628,121$773,674
73$740,199$626,031$594,787$785,015
74$759,610$600,617$558,624$795,986
75$779,235$572,192$519,482$806,526
76$799,039$540,551$477,206$816,565
77$818,983$505,480$431,635$826,032
78$839,022$466,752$382,597$834,843
79$859,105$424,125$329,917$842,909
80$879,173$377,347$273,409$850,133
81$899,160$326,149$212,880$856,407
82$918,991$270,246$148,127$861,614
83$938,580$209,340$78,942$865,624
84$957,831$143,114$5,102$868,297
85$976,637$71,234$0$869,476
86$994,876$0$0$876,070
87$1,012,412$0$0$882,604
88$1,029,092$0$0$896,996
89$1,044,747$0$0$910,474
90$1,059,184$0$0$922,869
91$1,072,193$0$0$933,994
92$1,083,534$0$0$943,638
93$1,092,945$0$0$951,569
94$1,100,131$0$0$957,527
95$1,104,765$0$0$961,223
96$1,106,482$0$0$962,336
97$1,104,879$0$0$960,509
98$1,099,507$0$0$955,346
99$1,089,868$0$0$946,408
100$1,075,410$0$0$933,207