Can I retire at age 71 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$63,999$63,429$62,873$62,330$61,800$61,487
2 years$31,683$31,093$30,521$29,966$29,428$29,113
3 years$20,912$20,319$19,749$19,200$18,671$18,362
4 years$15,528$14,937$14,372$13,832$13,316$13,017
5 years$12,298$11,711$11,153$10,624$10,123$9,834
6 years$10,145$9,563$9,014$8,496$8,010$7,731
7 years$8,609$8,031$7,490$6,985$6,514$6,246
8 years$7,456$6,884$6,352$5,860$5,404$5,147
9 years$6,561$5,994$5,471$4,991$4,551$4,305
10 years$5,845$5,283$4,770$4,303$3,878$3,642
11 years$5,259$4,703$4,199$3,745$3,335$3,109
12 years$4,772$4,221$3,727$3,284$2,890$2,675
13 years$4,359$3,815$3,330$2,900$2,520$2,315
14 years$4,006$3,468$2,992$2,574$2,209$2,013
15 years$3,701$3,168$2,701$2,296$1,945$1,759
16 years$3,434$2,906$2,449$2,055$1,719$1,542
17 years$3,198$2,677$2,229$1,847$1,524$1,356
18 years$2,989$2,473$2,034$1,664$1,355$1,196
19 years$2,802$2,292$1,862$1,504$1,208$1,057
20 years$2,634$2,130$1,709$1,362$1,079$936
21 years$2,482$1,984$1,572$1,236$966$830
22 years$2,344$1,852$1,449$1,124$866$738
23 years$2,219$1,732$1,338$1,024$777$656
24 years$2,104$1,623$1,237$934$698$585
25 years$1,998$1,523$1,146$853$628$521
26 years$1,901$1,431$1,063$780$566$465
27 years$1,811$1,347$987$714$510$416
28 years$1,727$1,269$917$654$460$371
29 years$1,650$1,198$854$600$416$332
30 years$1,578$1,131$795$550$376$297
31 years$1,510$1,069$741$505$340$266
32 years$1,447$1,012$692$464$307$238
33 years$1,388$958$646$427$278$214
34 years$1,332$908$603$393$252$192
35 years$1,280$861$564$362$228$172
36 years$1,231$817$528$333$207$154
37 years$1,184$776$494$307$187$138
38 years$1,140$738$463$283$170$124
39 years$1,099$702$433$261$154$111
40 years$1,060$667$406$241$140$100
41 years$1,022$635$381$222$127$90
42 years$987$605$357$205$115$81
43 years$953$577$335$189$104$72
44 years$921$550$315$175$95$65
45 years$890$524$296$161$86$58
46 years$861$500$278$149$78$53
47 years$833$477$261$138$71$47
48 years$807$455$245$127$64$42
49 years$781$435$230$118$58$38
50 years$757$415$217$109$53$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $775,000, adding $5,628 every year, while hoping to spend $39,570 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: 72/10/18 Blend
70$775,000$775,000$775,000$775,000
71$859,855$818,780$806,768$917,727
72$905,458$816,798$791,692$954,940
73$954,387$813,393$774,786$990,371
74$1,006,938$808,453$755,945$1,028,159
75$1,063,438$801,860$735,061$1,068,531
76$1,124,246$793,488$712,023$1,111,737
77$1,189,754$783,204$686,711$1,158,054
78$1,260,396$770,868$659,003$1,207,786
79$1,336,646$756,330$628,769$1,261,271
80$1,419,026$739,432$595,874$1,318,881
81$1,508,108$720,006$560,178$1,381,028
82$1,604,524$697,875$521,533$1,448,165
83$1,708,966$672,852$479,785$1,520,795
84$1,822,195$644,736$434,772$1,599,470
85$1,945,050$613,319$386,328$1,684,802
86$2,078,451$578,378$334,276$1,777,467
87$2,223,411$539,677$278,433$1,878,209
88$2,381,046$496,968$218,607$1,987,851
89$2,552,581$449,988$154,599$2,107,302
90$2,739,366$398,458$86,199$2,237,564
91$2,942,885$342,087$13,191$2,379,745
92$3,164,773$280,562$0$2,535,066
93$3,406,827$213,557$0$2,717,305
94$3,671,026$140,724$0$2,919,033
95$3,959,550$61,699$0$3,139,403
96$4,274,798$0$0$3,380,278
97$4,619,408$0$0$3,646,340
98$4,996,289$0$0$3,944,778
99$5,408,642$0$0$4,271,341
100$5,859,991$0$0$4,628,826