Can I retire at age 71 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$61,934$61,383$60,844$60,319$59,806$58,360
2 years$30,661$30,090$29,536$29,000$28,479$27,031
3 years$20,237$19,664$19,112$18,580$18,068$16,664
4 years$15,027$14,455$13,909$13,386$12,886$11,536
5 years$11,901$11,333$10,794$10,282$9,796$8,503
6 years$9,818$9,254$8,723$8,222$7,751$6,517
7 years$8,331$7,772$7,249$6,760$6,304$5,129
8 years$7,216$6,662$6,147$5,671$5,230$4,113
9 years$6,349$5,800$5,295$4,830$4,404$3,346
10 years$5,656$5,113$4,616$4,164$3,753$2,751
11 years$5,090$4,551$4,064$3,624$3,227$2,281
12 years$4,618$4,085$3,607$3,179$2,797$1,903
13 years$4,219$3,692$3,222$2,806$2,439$1,597
14 years$3,877$3,356$2,895$2,491$2,138$1,346
15 years$3,581$3,066$2,614$2,222$1,882$1,139
16 years$3,323$2,813$2,370$1,989$1,664$967
17 years$3,095$2,590$2,157$1,787$1,475$822
18 years$2,892$2,394$1,969$1,611$1,312$701
19 years$2,712$2,218$1,802$1,455$1,169$599
20 years$2,549$2,061$1,654$1,318$1,044$512
21 years$2,402$1,920$1,521$1,196$934$438
22 years$2,269$1,792$1,402$1,088$838$376
23 years$2,147$1,676$1,295$991$752$322
24 years$2,036$1,571$1,197$903$676$277
25 years$1,934$1,474$1,109$825$608$238
26 years$1,839$1,385$1,029$754$548$205
27 years$1,752$1,304$955$691$494$176
28 years$1,672$1,228$888$633$446$151
29 years$1,597$1,159$826$580$402$130
30 years$1,527$1,094$770$532$364$112
31 years$1,461$1,035$717$489$329$97
32 years$1,400$979$669$449$297$83
33 years$1,343$927$625$413$269$72
34 years$1,289$879$584$380$244$62
35 years$1,239$833$546$350$221$53
36 years$1,191$791$511$322$200$46
37 years$1,146$751$478$297$181$40
38 years$1,104$714$448$274$164$34
39 years$1,063$679$419$252$149$29
40 years$1,025$646$393$233$135$25
41 years$989$615$369$215$123$22
42 years$955$586$346$198$111$19
43 years$922$558$324$183$101$16
44 years$891$532$305$169$92$14
45 years$861$507$286$156$83$12
46 years$833$484$269$144$76$10
47 years$806$462$252$133$69$9
48 years$780$441$237$123$62$8
49 years$756$421$223$114$57$7
50 years$732$402$210$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $750,000, adding $3,199 every year, while hoping to spend $26,394 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: 48/46/6 Blend
70$750,000$750,000$750,000$750,000
71$829,800$790,050$778,425$868,189
72$886,356$800,679$776,419$905,417
73$947,797$810,945$773,461$942,752
74$1,014,592$820,801$769,492$982,661
75$1,087,259$830,199$764,449$1,025,390
76$1,166,368$839,087$758,266$1,071,212
77$1,252,543$847,408$750,874$1,120,426
78$1,346,476$855,104$742,202$1,173,365
79$1,448,925$862,112$732,173$1,230,394
80$1,560,724$868,365$720,710$1,291,918
81$1,682,792$873,789$707,728$1,358,383
82$1,816,143$878,311$693,143$1,430,284
83$1,961,889$881,847$676,862$1,508,163
84$2,121,256$884,313$658,792$1,592,623
85$2,295,596$885,615$638,833$1,684,327
86$2,486,394$885,658$616,882$1,784,008
87$2,695,288$884,337$592,829$1,892,477
88$2,924,081$881,543$566,563$2,010,625
89$3,174,758$877,159$537,963$2,139,441
90$3,449,505$871,062$506,906$2,280,013
91$3,750,730$863,120$473,263$2,433,544
92$4,081,086$853,194$436,899$2,601,362
93$4,443,492$841,136$397,671$2,784,931
94$4,841,168$826,791$355,432$2,985,869
95$5,277,656$809,993$310,029$3,205,961
96$5,756,861$790,567$261,299$3,447,178
97$6,283,083$768,327$209,074$3,711,695
98$6,861,059$743,076$153,179$4,001,912
99$7,496,006$714,606$93,430$4,320,476
100$8,193,675$682,698$29,636$4,670,312