Can I retire at age 71 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$56,649$56,145$55,652$55,172$54,703$54,176
2 years$28,044$27,522$27,016$26,525$26,049$25,519
3 years$18,510$17,986$17,481$16,995$16,526$16,009
4 years$13,744$13,222$12,722$12,244$11,787$11,286
5 years$10,886$10,366$9,873$9,404$8,960$8,477
6 years$8,980$8,464$7,978$7,521$7,090$6,626
7 years$7,620$7,108$6,630$6,183$5,766$5,320
8 years$6,600$6,093$5,623$5,187$4,783$4,357
9 years$5,807$5,305$4,843$4,418$4,028$3,620
10 years$5,174$4,676$4,222$3,808$3,432$3,043
11 years$4,655$4,163$3,717$3,315$2,952$2,580
12 years$4,224$3,737$3,299$2,907$2,558$2,204
13 years$3,859$3,377$2,947$2,567$2,231$1,894
14 years$3,546$3,069$2,648$2,278$1,955$1,636
15 years$3,276$2,804$2,391$2,032$1,722$1,419
16 years$3,039$2,573$2,168$1,819$1,522$1,234
17 years$2,831$2,369$1,973$1,635$1,349$1,077
18 years$2,646$2,189$1,801$1,473$1,200$943
19 years$2,480$2,029$1,648$1,331$1,069$827
20 years$2,331$1,885$1,513$1,206$955$726
21 years$2,197$1,756$1,392$1,094$855$639
22 years$2,075$1,639$1,283$995$766$563
23 years$1,964$1,533$1,184$906$688$497
24 years$1,862$1,437$1,095$826$618$439
25 years$1,769$1,348$1,014$755$556$388
26 years$1,682$1,267$941$690$501$343
27 years$1,603$1,192$874$632$452$304
28 years$1,529$1,124$812$579$408$269
29 years$1,460$1,060$756$531$368$239
30 years$1,396$1,001$704$487$333$212
31 years$1,337$946$656$447$301$188
32 years$1,281$895$612$411$272$167
33 years$1,229$848$572$378$246$148
34 years$1,179$804$534$348$223$132
35 years$1,133$762$499$320$202$117
36 years$1,090$724$467$295$183$104
37 years$1,048$687$437$272$166$92
38 years$1,010$653$409$250$150$82
39 years$973$621$384$231$136$73
40 years$938$591$360$213$124$65
41 years$905$562$337$196$112$58
42 years$873$536$316$181$102$51
43 years$844$510$297$167$92$46
44 years$815$486$279$155$84$41
45 years$788$464$262$143$76$36
46 years$762$443$246$132$69$32
47 years$737$422$231$122$63$29
48 years$714$403$217$113$57$26
49 years$691$385$204$104$52$23
50 years$670$368$192$96$47$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $686,000, adding $5,977 every year, while hoping to spend $46,635 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: 75/7/18 Blend
70$686,000$686,000$686,000$686,000
71$762,137$725,779$715,146$815,709
72$790,256$711,723$689,484$837,938
73$819,680$695,415$661,400$855,970
74$850,493$676,696$630,762$874,501
75$882,785$655,397$597,435$893,570
76$916,656$631,338$561,276$913,219
77$952,213$604,331$522,137$933,494
78$989,571$574,176$479,861$954,448
79$1,028,857$540,660$434,286$976,141
80$1,070,208$503,560$385,242$998,637
81$1,113,774$462,639$332,552$1,022,009
82$1,159,717$417,647$276,031$1,046,340
83$1,208,216$368,319$215,485$1,071,722
84$1,259,462$314,375$150,712$1,098,255
85$1,313,668$255,520$81,502$1,126,054
86$1,371,064$191,442$7,634$1,155,246
87$1,431,901$121,812$0$1,185,972
88$1,496,455$46,280$0$1,232,062
89$1,565,026$0$0$1,282,473
90$1,637,943$0$0$1,338,715
91$1,715,566$0$0$1,402,396
92$1,798,289$0$0$1,470,278
93$1,886,544$0$0$1,542,716
94$1,980,802$0$0$1,620,101
95$2,081,583$0$0$1,702,859
96$2,189,454$0$0$1,791,461
97$2,305,037$0$0$1,886,420
98$2,429,016$0$0$1,988,299
99$2,562,140$0$0$2,097,719
100$2,705,231$0$0$2,215,358