Can I retire at age 71 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,080$54,590$54,111$53,644$53,188$52,242
2 years$27,267$26,760$26,267$25,790$25,327$24,378
3 years$17,998$17,488$16,997$16,524$16,069$15,145
4 years$13,364$12,855$12,369$11,905$11,460$10,569
5 years$10,584$10,079$9,599$9,144$8,712$7,856
6 years$8,732$8,230$7,757$7,312$6,893$6,074
7 years$7,409$6,912$6,447$6,012$5,606$4,824
8 years$6,417$5,924$5,467$5,043$4,651$3,905
9 years$5,647$5,158$4,709$4,296$3,917$3,207
10 years$5,030$4,547$4,105$3,703$3,337$2,662
11 years$4,526$4,048$3,614$3,223$2,870$2,230
12 years$4,107$3,633$3,208$2,827$2,487$1,881
13 years$3,752$3,283$2,866$2,496$2,169$1,595
14 years$3,448$2,984$2,575$2,215$1,901$1,359
15 years$3,185$2,726$2,325$1,976$1,674$1,163
16 years$2,955$2,501$2,108$1,769$1,479$998
17 years$2,752$2,304$1,918$1,589$1,312$859
18 years$2,572$2,129$1,751$1,432$1,166$741
19 years$2,412$1,973$1,603$1,294$1,040$640
20 years$2,267$1,833$1,471$1,172$929$554
21 years$2,136$1,708$1,353$1,064$831$480
22 years$2,018$1,594$1,247$967$745$417
23 years$1,910$1,491$1,151$881$669$362
24 years$1,811$1,397$1,065$803$601$315
25 years$1,720$1,311$986$734$541$274
26 years$1,636$1,232$915$671$487$239
27 years$1,558$1,159$849$614$439$208
28 years$1,487$1,093$790$563$396$181
29 years$1,420$1,031$735$516$358$158
30 years$1,358$973$684$474$323$138
31 years$1,300$920$638$435$292$120
32 years$1,245$871$595$400$264$105
33 years$1,194$824$556$368$239$92
34 years$1,147$781$519$338$217$80
35 years$1,102$741$486$311$196$70
36 years$1,059$703$454$287$178$61
37 years$1,019$668$425$264$161$54
38 years$982$635$398$243$146$47
39 years$946$604$373$225$132$41
40 years$912$574$350$207$120$36
41 years$880$547$328$191$109$31
42 years$849$521$308$176$99$27
43 years$820$496$289$163$90$24
44 years$792$473$271$150$81$21
45 years$766$451$254$139$74$18
46 years$741$430$239$128$67$16
47 years$717$411$224$118$61$14
48 years$694$392$211$109$55$12
49 years$672$374$198$101$50$11
50 years$651$358$186$93$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $667,000, adding $4,979 every year, while hoping to spend $47,242 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: 41/32/27 Blend
70$667,000$667,000$667,000$667,000
71$740,170$704,819$694,480$764,467
72$765,402$689,090$667,480$766,740
73$791,625$671,007$637,992$764,394
74$818,889$650,404$605,883$760,946
75$847,249$627,108$571,014$756,321
76$876,764$600,932$533,239$750,445
77$907,497$571,681$492,406$743,237
78$939,517$539,148$448,356$734,614
79$972,895$503,113$400,923$724,490
80$1,007,710$463,346$349,934$712,774
81$1,044,047$419,601$295,208$699,371
82$1,081,998$371,619$236,555$684,184
83$1,121,660$319,127$173,778$667,110
84$1,163,141$261,835$106,671$648,042
85$1,206,555$199,440$35,019$626,871
86$1,252,028$131,617$0$603,483
87$1,299,696$58,026$0$589,698
88$1,349,704$0$0$584,998
89$1,402,212$0$0$586,864
90$1,457,393$0$0$610,325
91$1,515,436$0$0$635,033
92$1,576,545$0$0$661,079
93$1,640,943$0$0$688,561
94$1,708,873$0$0$717,588
95$1,780,599$0$0$748,278
96$1,856,409$0$0$780,760
97$1,936,620$0$0$815,173
98$2,021,573$0$0$851,672
99$2,111,646$0$0$890,425
100$2,207,248$0$0$931,615