Can I retire at age 71 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$64,494$63,920$63,359$62,812$62,278$60,309
2 years$31,928$31,333$30,757$30,198$29,656$27,690
3 years$21,074$20,477$19,902$19,348$18,815$16,914
4 years$15,648$15,052$14,483$13,939$13,419$11,597
5 years$12,393$11,801$11,240$10,707$10,201$8,463
6 years$10,224$9,637$9,083$8,562$8,072$6,420
7 years$8,675$8,093$7,548$7,040$6,564$4,998
8 years$7,514$6,937$6,402$5,905$5,446$3,964
9 years$6,612$6,040$5,514$5,030$4,586$3,187
10 years$5,890$5,324$4,807$4,336$3,908$2,589
11 years$5,300$4,740$4,232$3,774$3,361$2,121
12 years$4,809$4,254$3,756$3,310$2,912$1,748
13 years$4,393$3,844$3,356$2,922$2,540$1,448
14 years$4,037$3,494$3,015$2,594$2,226$1,205
15 years$3,729$3,192$2,722$2,313$1,960$1,006
16 years$3,460$2,929$2,468$2,071$1,732$842
17 years$3,223$2,697$2,246$1,861$1,536$706
18 years$3,012$2,492$2,050$1,677$1,366$594
19 years$2,824$2,310$1,877$1,516$1,217$500
20 years$2,654$2,147$1,722$1,373$1,087$421
21 years$2,501$1,999$1,584$1,246$973$356
22 years$2,363$1,866$1,460$1,133$872$300
23 years$2,236$1,746$1,348$1,032$783$254
24 years$2,120$1,636$1,247$941$704$215
25 years$2,014$1,535$1,155$859$633$182
26 years$1,915$1,443$1,071$786$570$154
27 years$1,825$1,358$995$719$514$130
28 years$1,741$1,279$925$659$464$110
29 years$1,663$1,207$860$604$419$94
30 years$1,590$1,140$801$554$379$79
31 years$1,522$1,077$747$509$342$67
32 years$1,458$1,019$697$468$310$57
33 years$1,399$965$651$430$280$48
34 years$1,343$915$608$396$254$41
35 years$1,290$868$569$365$230$35
36 years$1,240$824$532$336$208$30
37 years$1,194$782$498$309$189$25
38 years$1,149$744$466$285$171$21
39 years$1,107$707$437$263$155$18
40 years$1,068$673$409$242$141$15
41 years$1,030$640$384$224$128$13
42 years$994$610$360$206$116$11
43 years$960$581$338$191$105$9
44 years$928$554$317$176$95$8
45 years$897$528$298$163$87$7
46 years$868$504$280$150$79$6
47 years$840$481$263$139$71$5
48 years$813$459$247$128$65$4
49 years$787$438$232$118$59$4
50 years$763$419$218$109$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $781,000, adding $5,551 every year, while hoping to spend $32,924 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: 66/17/17 Blend
70$781,000$781,000$781,000$781,000
71$866,388$824,995$812,889$919,617
72$919,729$830,389$805,090$961,320
73$977,406$834,943$795,926$1,002,562
74$1,039,829$838,583$785,317$1,046,841
75$1,107,445$841,227$773,179$1,094,454
76$1,180,747$842,789$759,423$1,145,728
77$1,260,276$843,179$743,956$1,201,025
78$1,346,629$842,299$726,683$1,260,744
79$1,440,460$840,047$707,503$1,325,326
80$1,542,492$836,314$686,308$1,395,258
81$1,653,516$830,983$662,990$1,471,075
82$1,774,406$823,933$637,431$1,553,372
83$1,906,122$815,032$609,511$1,642,801
84$2,049,720$804,143$579,105$1,740,086
85$2,206,365$791,120$546,078$1,846,022
86$2,377,337$775,807$510,294$1,961,489
87$2,564,044$758,040$471,607$2,087,458
88$2,768,038$737,645$429,867$2,224,999
89$2,991,026$714,439$384,917$2,375,295
90$3,234,891$688,226$336,591$2,539,649
91$3,501,700$658,800$284,718$2,719,501
92$3,793,736$625,943$229,118$2,916,438
93$4,113,507$589,424$169,603$3,132,212
94$4,463,778$548,999$105,978$3,368,756
95$4,847,594$504,410$38,039$3,628,202
96$5,268,306$455,385$0$3,912,903
97$5,729,609$401,634$0$4,231,706
98$6,235,569$342,854$0$4,588,992
99$6,790,665$278,722$0$4,981,055
100$7,399,831$208,898$0$5,411,422