Can I retire at age 71 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$62,595$62,037$61,493$60,962$60,444$59,345
2 years$30,988$30,410$29,851$29,309$28,783$27,680
3 years$20,453$19,874$19,316$18,778$18,261$17,188
4 years$15,187$14,609$14,057$13,529$13,024$11,989
5 years$12,028$11,454$10,909$10,391$9,901$8,907
6 years$9,923$9,353$8,816$8,310$7,834$6,883
7 years$8,420$7,855$7,326$6,832$6,371$5,463
8 years$7,293$6,733$6,213$5,731$5,285$4,419
9 years$6,417$5,862$5,351$4,882$4,451$3,627
10 years$5,717$5,167$4,665$4,208$3,793$3,010
11 years$5,144$4,600$4,107$3,662$3,262$2,519
12 years$4,667$4,129$3,645$3,212$2,827$2,123
13 years$4,264$3,731$3,257$2,836$2,465$1,800
14 years$3,919$3,392$2,926$2,518$2,161$1,533
15 years$3,620$3,098$2,642$2,245$1,902$1,310
16 years$3,358$2,843$2,395$2,010$1,681$1,124
17 years$3,128$2,618$2,180$1,806$1,491$966
18 years$2,923$2,419$1,990$1,628$1,326$833
19 years$2,741$2,242$1,821$1,471$1,181$719
20 years$2,576$2,083$1,672$1,332$1,055$622
21 years$2,428$1,941$1,538$1,209$944$539
22 years$2,293$1,811$1,417$1,099$847$467
23 years$2,170$1,694$1,308$1,001$760$406
24 years$2,058$1,587$1,210$913$683$352
25 years$1,954$1,490$1,121$834$615$306
26 years$1,859$1,400$1,040$762$554$267
27 years$1,771$1,318$965$698$499$232
28 years$1,689$1,242$897$639$450$202
29 years$1,614$1,171$835$586$407$176
30 years$1,543$1,106$778$538$367$154
31 years$1,477$1,046$725$494$332$134
32 years$1,415$989$677$454$301$117
33 years$1,357$937$632$418$272$102
34 years$1,303$888$590$384$246$89
35 years$1,252$842$552$354$223$78
36 years$1,204$799$516$326$202$68
37 years$1,158$759$483$300$183$59
38 years$1,115$722$452$277$166$52
39 years$1,075$686$424$255$151$45
40 years$1,036$653$397$235$137$40
41 years$1,000$621$373$217$124$35
42 years$965$592$349$200$112$30
43 years$932$564$328$185$102$26
44 years$901$538$308$171$93$23
45 years$871$513$289$158$84$20
46 years$842$489$271$146$76$18
47 years$815$467$255$135$69$15
48 years$789$445$240$124$63$13
49 years$764$425$225$115$57$12
50 years$740$406$212$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $758,000, adding $2,847 every year, while hoping to spend $33,126 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: 38/40/22 Blend
70$758,000$758,000$758,000$758,000
71$838,253$798,079$786,330$864,495
72$888,509$801,939$777,426$887,645
73$942,780$804,878$767,114$909,334
74$1,001,443$806,815$755,311$932,104
75$1,064,907$807,667$741,931$956,073
76$1,133,627$807,341$726,885$981,373
77$1,208,099$805,743$710,077$1,008,149
78$1,288,871$802,770$691,411$1,036,566
79$1,376,544$798,314$670,781$1,066,808
80$1,471,780$792,260$648,081$1,099,078
81$1,575,307$784,487$623,198$1,133,606
82$1,687,927$774,865$596,013$1,170,644
83$1,810,520$763,258$566,404$1,210,478
84$1,944,056$749,520$534,241$1,253,423
85$2,089,601$733,499$499,390$1,299,831
86$2,248,331$715,030$461,710$1,350,093
87$2,421,537$693,943$421,053$1,404,645
88$2,610,642$670,055$377,267$1,463,972
89$2,817,212$643,172$330,190$1,528,611
90$3,042,972$613,092$279,656$1,599,162
91$3,289,818$579,597$225,488$1,676,288
92$3,559,842$542,459$167,504$1,760,728
93$3,855,344$501,437$105,513$1,853,301
94$4,178,857$456,276$39,316$1,954,914
95$4,533,172$406,705$0$2,066,577
96$4,921,362$352,440$0$2,196,760
97$5,346,809$293,178$0$2,349,677
98$5,813,242$228,602$0$2,517,514
99$6,324,764$158,375$0$2,701,850
100$6,885,897$82,142$0$2,904,428