Can I retire at age 71 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$63,916$63,347$62,791$62,249$61,720$60,697
2 years$31,642$31,052$30,481$29,928$29,390$28,363
3 years$20,885$20,293$19,723$19,175$18,646$17,647
4 years$15,508$14,918$14,354$13,814$13,299$12,334
5 years$12,282$11,696$11,139$10,611$10,110$9,183
6 years$10,132$9,550$9,002$8,486$7,999$7,111
7 years$8,597$8,020$7,481$6,976$6,506$5,657
8 years$7,447$6,875$6,344$5,852$5,397$4,587
9 years$6,552$5,986$5,464$4,985$4,545$3,773
10 years$5,837$5,276$4,764$4,297$3,873$3,139
11 years$5,253$4,697$4,194$3,740$3,331$2,634
12 years$4,766$4,216$3,722$3,280$2,886$2,226
13 years$4,354$3,810$3,325$2,896$2,517$1,892
14 years$4,001$3,463$2,988$2,571$2,206$1,615
15 years$3,696$3,164$2,698$2,293$1,943$1,384
16 years$3,429$2,903$2,446$2,053$1,717$1,191
17 years$3,194$2,673$2,226$1,844$1,522$1,027
18 years$2,985$2,470$2,032$1,662$1,354$887
19 years$2,798$2,289$1,860$1,502$1,206$769
20 years$2,631$2,127$1,707$1,360$1,078$667
21 years$2,479$1,981$1,570$1,235$964$579
22 years$2,341$1,850$1,447$1,122$864$504
23 years$2,216$1,730$1,336$1,022$776$439
24 years$2,101$1,621$1,236$932$697$383
25 years$1,995$1,521$1,144$851$628$334
26 years$1,898$1,430$1,061$779$565$291
27 years$1,808$1,345$986$713$510$254
28 years$1,725$1,268$916$653$460$222
29 years$1,648$1,196$853$599$415$194
30 years$1,576$1,129$794$550$375$170
31 years$1,508$1,068$740$505$339$149
32 years$1,445$1,010$691$464$307$130
33 years$1,386$957$645$427$278$114
34 years$1,331$907$603$392$251$100
35 years$1,278$860$563$361$228$88
36 years$1,229$816$527$333$206$77
37 years$1,183$775$493$307$187$67
38 years$1,139$737$462$283$170$59
39 years$1,098$701$433$261$154$52
40 years$1,058$667$406$240$139$45
41 years$1,021$635$380$222$127$40
42 years$985$604$357$205$115$35
43 years$952$576$335$189$104$30
44 years$920$549$314$174$95$27
45 years$889$523$295$161$86$23
46 years$860$499$277$149$78$21
47 years$832$476$260$137$71$18
48 years$805$455$245$127$64$16
49 years$780$434$230$117$58$14
50 years$756$415$216$108$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $774,000, adding $2,226 every year, while hoping to spend $50,552 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: 81/6/13 Blend
70$774,000$774,000$774,000$774,000
71$855,244$814,222$802,225$922,232
72$888,692$800,332$775,313$952,641
73$923,857$784,067$745,804$979,194
74$960,862$765,258$713,560$1,006,866
75$999,838$743,724$678,433$1,035,744
76$1,040,931$719,275$640,269$1,065,925
77$1,084,297$691,710$598,909$1,097,515
78$1,130,107$660,816$554,185$1,130,631
79$1,178,550$626,368$505,922$1,165,403
80$1,229,828$588,126$453,936$1,201,973
81$1,284,166$545,840$398,038$1,240,499
82$1,341,806$499,241$338,028$1,281,155
83$1,403,015$448,049$273,697$1,324,134
84$1,468,084$391,965$204,827$1,369,648
85$1,537,332$330,675$131,192$1,417,930
86$1,611,108$263,846$52,555$1,469,241
87$1,689,793$191,126$0$1,523,864
88$1,773,807$112,146$0$1,586,468
89$1,863,607$26,513$0$1,661,112
90$1,959,696$0$0$1,740,920
91$2,062,625$0$0$1,830,728
92$2,172,998$0$0$1,928,922
93$2,291,479$0$0$2,034,343
94$2,418,796$0$0$2,147,639
95$2,555,747$0$0$2,269,524
96$2,703,209$0$0$2,400,781
97$2,862,146$0$0$2,542,268
98$3,033,615$0$0$2,694,930
99$3,218,780$0$0$2,859,804
100$3,418,917$0$0$3,038,030