Can I retire at age 71 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$56,319$55,817$55,328$54,850$54,384$53,816
2 years$27,881$27,361$26,858$26,370$25,897$25,325
3 years$18,402$17,881$17,379$16,896$16,430$15,872
4 years$13,664$13,144$12,647$12,172$11,718$11,178
5 years$10,822$10,305$9,815$9,350$8,908$8,387
6 years$8,928$8,415$7,932$7,477$7,049$6,548
7 years$7,576$7,067$6,591$6,147$5,732$5,253
8 years$6,562$6,058$5,590$5,157$4,756$4,296
9 years$5,774$5,274$4,815$4,392$4,005$3,566
10 years$5,143$4,649$4,198$3,786$3,412$2,993
11 years$4,628$4,139$3,696$3,295$2,935$2,535
12 years$4,199$3,715$3,280$2,890$2,543$2,163
13 years$3,836$3,357$2,930$2,552$2,218$1,856
14 years$3,526$3,051$2,633$2,265$1,944$1,601
15 years$3,257$2,788$2,377$2,020$1,712$1,386
16 years$3,022$2,558$2,155$1,809$1,513$1,205
17 years$2,814$2,355$1,961$1,625$1,341$1,050
18 years$2,630$2,177$1,790$1,465$1,193$917
19 years$2,466$2,017$1,639$1,323$1,063$803
20 years$2,318$1,874$1,504$1,199$950$705
21 years$2,184$1,746$1,383$1,088$850$619
22 years$2,063$1,630$1,275$989$762$545
23 years$1,952$1,524$1,177$901$684$480
24 years$1,851$1,428$1,089$822$615$423
25 years$1,758$1,340$1,008$750$553$374
26 years$1,673$1,260$935$686$498$330
27 years$1,593$1,185$868$628$449$292
28 years$1,520$1,117$807$575$405$258
29 years$1,452$1,054$751$528$366$229
30 years$1,388$995$700$484$331$202
31 years$1,329$941$652$445$299$179
32 years$1,273$890$609$409$270$159
33 years$1,221$843$568$376$245$141
34 years$1,172$799$531$346$222$125
35 years$1,127$758$497$318$201$111
36 years$1,083$719$464$293$182$98
37 years$1,042$683$435$270$165$87
38 years$1,004$649$407$249$149$77
39 years$967$617$381$230$135$69
40 years$932$587$358$212$123$61
41 years$900$559$335$195$111$54
42 years$868$533$314$180$101$48
43 years$839$507$295$166$92$43
44 years$810$484$277$154$83$38
45 years$783$461$260$142$76$34
46 years$758$440$244$131$69$30
47 years$733$420$229$121$62$27
48 years$710$401$216$112$57$24
49 years$687$383$203$103$51$21
50 years$666$366$191$96$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $682,000, adding $2,203 every year, while hoping to spend $46,811 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: 40/50/10 Blend
70$682,000$682,000$682,000$682,000
71$753,836$717,690$707,119$781,644
72$780,921$703,051$681,001$786,781
73$809,200$686,125$652,439$787,524
74$838,744$666,751$621,302$787,279
75$869,633$644,759$587,453$785,976
76$901,951$619,967$550,748$783,543
77$935,789$592,184$511,037$779,905
78$971,246$561,208$468,163$774,982
79$1,008,430$526,824$421,964$768,694
80$1,047,458$488,807$372,267$760,954
81$1,088,455$446,915$318,895$751,676
82$1,131,561$400,897$261,661$740,768
83$1,176,923$350,484$200,370$728,135
84$1,224,706$295,395$134,820$713,680
85$1,275,087$235,330$64,797$697,303
86$1,328,258$169,973$0$678,900
87$1,384,431$98,993$0$659,427
88$1,443,836$22,036$0$645,162
89$1,506,722$0$0$629,099
90$1,573,365$0$0$644,865
91$1,644,064$0$0$674,496
92$1,719,146$0$0$706,010
93$1,798,968$0$0$739,565
94$1,883,924$0$0$775,330
95$1,974,441$0$0$813,495
96$2,070,989$0$0$854,262
97$2,174,082$0$0$897,859
98$2,284,284$0$0$944,531
99$2,402,213$0$0$994,549
100$2,528,545$0$0$1,048,210