Can I retire at age 71 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$63,173$62,610$62,061$61,525$61,002$59,771
2 years$31,274$30,691$30,127$29,580$29,049$27,813
3 years$20,642$20,057$19,494$18,952$18,430$17,229
4 years$15,327$14,744$14,187$13,654$13,144$11,987
5 years$12,139$11,560$11,009$10,487$9,992$8,882
6 years$10,015$9,439$8,897$8,387$7,906$6,845
7 years$8,498$7,927$7,394$6,895$6,430$5,418
8 years$7,360$6,795$6,270$5,784$5,334$4,370
9 years$6,476$5,916$5,401$4,927$4,492$3,576
10 years$5,769$5,215$4,708$4,247$3,828$2,958
11 years$5,191$4,642$4,145$3,696$3,292$2,468
12 years$4,710$4,167$3,679$3,242$2,853$2,074
13 years$4,303$3,766$3,287$2,862$2,488$1,752
14 years$3,955$3,423$2,953$2,541$2,181$1,487
15 years$3,653$3,127$2,666$2,266$1,920$1,267
16 years$3,389$2,869$2,417$2,029$1,697$1,082
17 years$3,157$2,642$2,200$1,823$1,505$927
18 years$2,950$2,441$2,008$1,643$1,338$796
19 years$2,766$2,263$1,838$1,484$1,192$685
20 years$2,600$2,103$1,687$1,344$1,065$590
21 years$2,450$1,958$1,552$1,220$953$509
22 years$2,314$1,828$1,430$1,109$854$440
23 years$2,190$1,710$1,321$1,010$767$381
24 years$2,077$1,602$1,221$922$689$329
25 years$1,972$1,503$1,131$842$620$285
26 years$1,876$1,413$1,049$770$559$247
27 years$1,787$1,330$974$704$504$214
28 years$1,705$1,253$906$645$455$186
29 years$1,628$1,182$843$592$410$162
30 years$1,557$1,116$785$543$371$140
31 years$1,491$1,055$732$499$335$122
32 years$1,428$999$683$458$303$106
33 years$1,370$946$638$422$274$92
34 years$1,315$896$596$388$249$80
35 years$1,264$850$557$357$225$69
36 years$1,215$807$521$329$204$60
37 years$1,169$766$488$303$185$53
38 years$1,126$728$457$279$168$46
39 years$1,085$693$428$257$152$40
40 years$1,046$659$401$237$138$35
41 years$1,009$627$376$219$125$30
42 years$974$597$353$202$113$26
43 years$941$569$331$187$103$23
44 years$909$542$311$172$93$20
45 years$879$517$292$159$85$17
46 years$850$493$274$147$77$15
47 years$822$471$257$136$70$13
48 years$796$450$242$126$64$11
49 years$771$429$227$116$58$10
50 years$747$410$214$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $765,000, adding $3,146 every year, while hoping to spend $37,173 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: 37/42/21 Blend
70$765,000$765,000$765,000$765,000
71$846,275$805,730$793,873$872,135
72$893,043$805,659$780,916$891,158
73$943,336$804,339$766,279$907,987
74$997,474$801,669$749,866$925,407
75$1,055,808$797,542$731,578$943,491
76$1,118,724$791,846$711,310$962,326
77$1,186,648$784,460$688,953$982,007
78$1,260,045$775,257$664,392$1,002,643
79$1,339,428$764,103$637,507$1,024,360
80$1,425,360$750,855$608,174$1,047,295
81$1,518,460$735,360$576,261$1,071,608
82$1,619,409$717,459$541,633$1,097,474
83$1,728,957$696,982$504,145$1,125,094
84$1,847,925$673,750$463,649$1,154,692
85$1,977,221$647,571$419,989$1,186,520
86$2,117,841$618,245$373,002$1,220,860
87$2,270,880$585,559$322,517$1,258,028
88$2,437,546$549,287$268,357$1,298,378
89$2,619,165$509,191$210,336$1,342,308
90$2,817,199$465,020$148,261$1,390,259
91$3,033,254$416,508$81,929$1,442,725
92$3,269,102$363,372$11,129$1,500,260
93$3,526,689$305,316$0$1,563,478
94$3,808,160$242,026$0$1,647,502
95$4,115,877$173,169$0$1,742,259
96$4,452,438$98,396$0$1,846,160
97$4,820,705$17,336$0$1,960,206
98$5,223,831$0$0$2,085,511
99$5,665,285$0$0$2,255,845
100$6,148,889$0$0$2,451,325