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%11.8%
1 years$63,999$63,429$62,873$62,330$61,800$61,333
2 years$31,683$31,093$30,521$29,966$29,428$28,958
3 years$20,912$20,319$19,749$19,200$18,671$18,211
4 years$15,528$14,937$14,372$13,832$13,316$12,871
5 years$12,298$11,711$11,153$10,624$10,123$9,693
6 years$10,145$9,563$9,014$8,496$8,010$7,596
7 years$8,609$8,031$7,490$6,985$6,514$6,117
8 years$7,456$6,884$6,352$5,860$5,404$5,023
9 years$6,561$5,994$5,471$4,991$4,551$4,186
10 years$5,845$5,283$4,770$4,303$3,878$3,529
11 years$5,259$4,703$4,199$3,745$3,335$3,002
12 years$4,772$4,221$3,727$3,284$2,890$2,573
13 years$4,359$3,815$3,330$2,900$2,520$2,218
14 years$4,006$3,468$2,992$2,574$2,209$1,922
15 years$3,701$3,168$2,701$2,296$1,945$1,672
16 years$3,434$2,906$2,449$2,055$1,719$1,460
17 years$3,198$2,677$2,229$1,847$1,524$1,279
18 years$2,989$2,473$2,034$1,664$1,355$1,123
19 years$2,802$2,292$1,862$1,504$1,208$988
20 years$2,634$2,130$1,709$1,362$1,079$871
21 years$2,482$1,984$1,572$1,236$966$769
22 years$2,344$1,852$1,449$1,124$866$681
23 years$2,219$1,732$1,338$1,024$777$603
24 years$2,104$1,623$1,237$934$698$534
25 years$1,998$1,523$1,146$853$628$474
26 years$1,901$1,431$1,063$780$566$421
27 years$1,811$1,347$987$714$510$375
28 years$1,727$1,269$917$654$460$333
29 years$1,650$1,198$854$600$416$297
30 years$1,578$1,131$795$550$376$264
31 years$1,510$1,069$741$505$340$235
32 years$1,447$1,012$692$464$307$210
33 years$1,388$958$646$427$278$187
34 years$1,332$908$603$393$252$167
35 years$1,280$861$564$362$228$149
36 years$1,231$817$528$333$207$133
37 years$1,184$776$494$307$187$119
38 years$1,140$738$463$283$170$106
39 years$1,099$702$433$261$154$95
40 years$1,060$667$406$241$140$85
41 years$1,022$635$381$222$127$76
42 years$987$605$357$205$115$67
43 years$953$577$335$189$104$60
44 years$921$550$315$175$95$54
45 years$890$524$296$161$86$48
46 years$861$500$278$149$78$43
47 years$833$477$261$138$71$38
48 years$807$455$245$127$64$34
49 years$781$435$230$118$58$31
50 years$757$415$217$109$53$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $775,000, adding $6,411 every year, while hoping to spend $54,633 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: 70/15/15 Blend
70$775,000$775,000$775,000$775,000
71$860,663$819,588$807,575$917,518
72$890,321$801,619$776,500$938,175
73$921,174$780,938$742,553$953,612
74$953,285$757,355$705,579$969,098
75$986,723$730,668$665,419$984,630
76$1,021,562$700,664$621,904$1,000,206
77$1,057,882$667,117$574,858$1,015,825
78$1,095,768$629,788$524,098$1,031,486
79$1,135,312$588,424$469,432$1,047,193
80$1,176,616$542,758$410,659$1,062,948
81$1,219,785$492,508$347,571$1,078,759
82$1,264,938$437,375$279,949$1,094,634
83$1,312,199$377,044$207,565$1,110,585
84$1,361,705$311,181$130,180$1,126,630
85$1,413,604$239,434$47,546$1,142,788
86$1,468,056$161,431$0$1,159,084
87$1,525,236$76,780$0$1,182,053
88$1,585,333$0$0$1,213,773
89$1,648,552$0$0$1,249,179
90$1,715,117$0$0$1,299,818
91$1,785,271$0$0$1,353,204
92$1,859,281$0$0$1,409,540
93$1,937,434$0$0$1,469,049
94$2,020,048$0$0$1,531,975
95$2,107,465$0$0$1,598,580
96$2,200,062$0$0$1,669,155
97$2,298,249$0$0$1,744,016
98$2,402,476$0$0$1,823,507
99$2,513,232$0$0$1,908,007
100$2,631,056$0$0$1,997,929