Can I retire at age 71 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$64,164$63,592$63,035$62,491$61,959$61,672
2 years$31,764$31,173$30,599$30,044$29,504$29,215
3 years$20,966$20,372$19,800$19,249$18,719$18,435
4 years$15,568$14,975$14,409$13,868$13,350$13,075
5 years$12,330$11,741$11,182$10,652$10,149$9,883
6 years$10,172$9,587$9,037$8,518$8,030$7,774
7 years$8,631$8,051$7,510$7,003$6,531$6,284
8 years$7,476$6,902$6,369$5,875$5,418$5,181
9 years$6,578$6,009$5,485$5,004$4,563$4,336
10 years$5,860$5,297$4,782$4,314$3,888$3,670
11 years$5,273$4,715$4,210$3,754$3,344$3,136
12 years$4,784$4,232$3,737$3,293$2,897$2,699
13 years$4,371$3,825$3,338$2,907$2,527$2,337
14 years$4,017$3,477$3,000$2,581$2,215$2,034
15 years$3,710$3,176$2,708$2,301$1,950$1,778
16 years$3,442$2,914$2,455$2,061$1,723$1,560
17 years$3,206$2,684$2,234$1,852$1,528$1,373
18 years$2,997$2,480$2,040$1,669$1,359$1,212
19 years$2,809$2,298$1,867$1,508$1,211$1,072
20 years$2,641$2,136$1,714$1,366$1,082$950
21 years$2,489$1,989$1,576$1,239$968$843
22 years$2,350$1,857$1,453$1,127$868$750
23 years$2,224$1,737$1,341$1,026$779$667
24 years$2,109$1,627$1,240$936$700$595
25 years$2,003$1,527$1,149$855$630$531
26 years$1,906$1,435$1,066$782$567$474
27 years$1,815$1,351$989$715$512$424
28 years$1,732$1,273$920$655$462$379
29 years$1,654$1,201$856$601$417$339
30 years$1,582$1,134$797$552$377$304
31 years$1,514$1,072$743$507$341$272
32 years$1,451$1,014$694$466$308$244
33 years$1,391$960$648$428$279$219
34 years$1,336$910$605$394$252$197
35 years$1,283$863$566$363$229$176
36 years$1,234$820$529$334$207$158
37 years$1,187$778$495$308$188$142
38 years$1,143$740$464$284$170$128
39 years$1,102$703$435$262$154$115
40 years$1,062$669$407$241$140$103
41 years$1,025$637$382$223$127$93
42 years$989$607$358$205$115$83
43 years$955$578$336$190$105$75
44 years$923$551$316$175$95$67
45 years$892$525$296$162$86$61
46 years$863$501$278$149$78$54
47 years$835$478$261$138$71$49
48 years$809$457$246$127$65$44
49 years$783$436$231$118$59$40
50 years$759$417$217$109$53$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $777,000, adding $2,696 every year, while hoping to spend $38,932 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: 63/29/8 Blend
70$777,000$777,000$777,000$777,000
71$859,035$817,854$805,810$911,592
72$905,233$816,505$791,382$945,649
73$954,839$813,786$775,165$978,026
74$1,008,158$809,587$757,059$1,012,379
75$1,065,528$803,795$736,958$1,048,897
76$1,127,317$796,286$714,751$1,087,791
77$1,193,932$786,932$690,324$1,129,293
78$1,265,817$775,597$663,554$1,173,662
79$1,343,464$762,134$634,316$1,221,184
80$1,427,409$746,390$602,477$1,272,173
81$1,518,244$728,203$567,900$1,326,980
82$1,616,619$707,399$530,439$1,385,992
83$1,723,249$683,797$489,944$1,449,638
84$1,838,921$657,202$446,257$1,518,390
85$1,964,497$627,412$399,213$1,592,774
86$2,100,930$594,209$348,640$1,673,371
87$2,249,264$557,365$294,359$1,760,820
88$2,410,651$516,638$236,182$1,855,834
89$2,586,356$471,771$173,913$1,959,195
90$2,777,772$422,496$107,347$2,071,773
91$2,986,432$368,526$36,270$2,194,528
92$3,214,024$309,559$0$2,328,520
93$3,462,403$245,276$0$2,478,302
94$3,733,614$175,341$0$2,645,314
95$4,029,908$99,398$0$2,827,912
96$4,353,761$17,070$0$3,027,701
97$4,707,899$0$0$3,246,454
98$5,095,327$0$0$3,509,116
99$5,519,350$0$0$3,802,604
100$5,983,608$0$0$4,123,999