Can I retire at age 71 with 780,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $780,000?

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$64,412$63,838$63,278$62,732$62,198$61,168
2 years$31,887$31,293$30,718$30,160$29,618$28,583
3 years$21,047$20,450$19,876$19,323$18,791$17,783
4 years$15,628$15,033$14,465$13,921$13,402$12,430
5 years$12,377$11,786$11,225$10,693$10,188$9,254
6 years$10,211$9,624$9,072$8,551$8,061$7,166
7 years$8,664$8,082$7,539$7,031$6,556$5,700
8 years$7,505$6,928$6,393$5,898$5,439$4,622
9 years$6,603$6,032$5,507$5,024$4,580$3,803
10 years$5,882$5,317$4,801$4,330$3,903$3,163
11 years$5,293$4,734$4,227$3,769$3,356$2,654
12 years$4,803$4,249$3,751$3,306$2,909$2,243
13 years$4,388$3,839$3,351$2,918$2,536$1,906
14 years$4,032$3,490$3,011$2,591$2,223$1,628
15 years$3,725$3,188$2,719$2,310$1,958$1,395
16 years$3,456$2,925$2,465$2,069$1,730$1,200
17 years$3,219$2,694$2,243$1,859$1,534$1,035
18 years$3,008$2,489$2,047$1,675$1,364$894
19 years$2,820$2,307$1,874$1,514$1,216$775
20 years$2,651$2,144$1,720$1,371$1,086$672
21 years$2,498$1,997$1,582$1,244$972$584
22 years$2,359$1,864$1,458$1,131$871$508
23 years$2,233$1,743$1,346$1,030$782$442
24 years$2,117$1,633$1,245$940$703$386
25 years$2,011$1,533$1,153$858$632$336
26 years$1,913$1,441$1,070$785$570$294
27 years$1,822$1,356$993$718$514$256
28 years$1,738$1,278$923$658$463$224
29 years$1,660$1,205$859$603$418$196
30 years$1,588$1,138$800$554$378$171
31 years$1,520$1,076$746$509$342$150
32 years$1,456$1,018$696$467$309$131
33 years$1,397$964$650$430$280$115
34 years$1,341$914$607$395$253$101
35 years$1,288$867$568$364$229$88
36 years$1,239$823$531$335$208$77
37 years$1,192$781$497$309$188$68
38 years$1,148$743$466$285$171$59
39 years$1,106$706$436$263$155$52
40 years$1,066$672$409$242$141$46
41 years$1,029$639$383$223$127$40
42 years$993$609$360$206$116$35
43 years$959$580$337$190$105$31
44 years$927$553$317$176$95$27
45 years$896$527$297$162$87$24
46 years$867$503$279$150$79$21
47 years$839$480$262$139$71$18
48 years$812$458$247$128$65$16
49 years$786$438$232$118$59$14
50 years$762$418$218$109$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $780,000, adding $5,889 every year, while hoping to spend $49,474 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: 82/10/8 Blend
70$780,000$780,000$780,000$780,000
71$865,635$824,295$812,205$935,289
72$901,289$812,045$786,773$969,477
73$938,923$797,537$758,832$999,803
74$978,684$780,608$728,245$1,031,584
75$1,020,737$761,085$694,868$1,064,939
76$1,065,260$738,785$658,553$1,099,995
77$1,112,447$713,516$619,145$1,136,897
78$1,162,510$685,072$576,481$1,175,802
79$1,215,683$653,238$530,389$1,216,883
80$1,272,219$617,783$480,694$1,260,331
81$1,332,396$578,465$427,208$1,306,357
82$1,396,520$535,029$369,739$1,355,194
83$1,464,923$487,204$308,083$1,407,098
84$1,537,972$434,703$242,030$1,462,351
85$1,616,065$377,223$171,358$1,521,266
86$1,699,642$314,446$95,837$1,584,186
87$1,789,184$246,032$15,227$1,651,492
88$1,885,219$171,626$0$1,723,603
89$1,988,326$90,851$0$1,807,023
90$2,099,141$3,308$0$1,898,001
91$2,218,361$0$0$1,995,820
92$2,346,753$0$0$2,111,188
93$2,485,157$0$0$2,235,958
94$2,634,498$0$0$2,370,602
95$2,795,791$0$0$2,516,037
96$2,970,152$0$0$2,673,271
97$3,158,808$0$0$2,843,411
98$3,363,106$0$0$3,027,676
99$3,584,528$0$0$3,227,404
100$3,824,705$0$0$3,444,069