Can I retire at age 71 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$64,907$64,329$63,765$63,214$62,677$61,971
2 years$32,132$31,534$30,954$30,392$29,846$29,135
3 years$21,209$20,608$20,029$19,472$18,936$18,242
4 years$15,748$15,149$14,576$14,029$13,505$12,834
5 years$12,472$11,877$11,312$10,775$10,266$9,620
6 years$10,289$9,698$9,142$8,617$8,123$7,503
7 years$8,731$8,145$7,597$7,085$6,606$6,011
8 years$7,562$6,981$6,443$5,943$5,481$4,911
9 years$6,654$6,079$5,549$5,062$4,616$4,071
10 years$5,928$5,358$4,838$4,364$3,933$3,414
11 years$5,334$4,770$4,259$3,798$3,382$2,888
12 years$4,839$4,281$3,780$3,331$2,931$2,461
13 years$4,421$3,869$3,377$2,941$2,556$2,109
14 years$4,063$3,517$3,034$2,611$2,240$1,817
15 years$3,753$3,213$2,740$2,328$1,973$1,571
16 years$3,482$2,948$2,484$2,085$1,743$1,363
17 years$3,243$2,715$2,260$1,873$1,546$1,186
18 years$3,031$2,508$2,063$1,688$1,375$1,035
19 years$2,842$2,325$1,889$1,525$1,225$905
20 years$2,671$2,160$1,733$1,381$1,094$793
21 years$2,517$2,012$1,594$1,254$979$696
22 years$2,378$1,878$1,469$1,140$878$611
23 years$2,250$1,757$1,357$1,038$788$538
24 years$2,134$1,646$1,255$947$708$473
25 years$2,026$1,545$1,162$865$637$417
26 years$1,928$1,452$1,078$791$574$368
27 years$1,836$1,366$1,001$724$518$325
28 years$1,752$1,287$930$663$467$287
29 years$1,673$1,215$866$608$422$253
30 years$1,600$1,147$807$558$381$224
31 years$1,532$1,084$752$512$344$198
32 years$1,468$1,026$702$471$312$175
33 years$1,408$972$655$433$282$155
34 years$1,351$921$612$399$255$137
35 years$1,298$873$572$367$231$122
36 years$1,248$829$535$338$210$108
37 years$1,201$787$501$311$190$96
38 years$1,157$748$469$287$172$85
39 years$1,115$712$440$265$156$75
40 years$1,075$677$412$244$142$66
41 years$1,037$644$386$225$128$59
42 years$1,001$614$362$208$117$52
43 years$966$585$340$192$106$46
44 years$934$557$319$177$96$41
45 years$903$532$300$164$87$36
46 years$873$507$282$151$79$32
47 years$845$484$264$140$72$29
48 years$818$462$249$129$65$25
49 years$792$441$234$119$59$23
50 years$767$421$220$110$54$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $786,000, adding $6,813 every year, while hoping to spend $39,092 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: 41/38/21 Blend
70$786,000$786,000$786,000$786,000
71$873,200$831,542$819,359$903,353
72$920,672$830,694$805,214$924,675
73$971,677$828,494$789,284$943,475
74$1,026,533$824,835$771,470$963,026
75$1,085,590$819,602$751,665$983,419
76$1,149,233$812,676$729,759$1,004,756
77$1,217,884$803,926$705,635$1,027,150
78$1,292,008$793,218$679,173$1,050,733
79$1,372,114$780,407$650,247$1,075,648
80$1,458,763$765,341$618,724$1,102,060
81$1,552,572$747,857$584,465$1,130,153
82$1,654,216$727,784$547,327$1,160,133
83$1,764,442$704,941$507,158$1,192,232
84$1,884,068$679,136$463,801$1,226,710
85$2,013,995$650,165$417,090$1,263,855
86$2,155,213$617,815$366,854$1,303,994
87$2,308,813$581,856$312,912$1,347,489
88$2,475,994$542,049$255,077$1,394,746
89$2,658,076$498,140$193,152$1,446,216
90$2,856,510$449,859$126,933$1,502,405
91$3,072,895$396,923$56,206$1,563,874
92$3,308,989$339,031$0$1,631,252
93$3,566,728$275,866$0$1,709,553
94$3,848,244$207,093$0$1,808,957
95$4,155,882$132,357$0$1,917,776
96$4,492,226$51,287$0$2,037,026
97$4,860,118$0$0$2,167,836
98$5,262,691$0$0$2,326,721
99$5,703,392$0$0$2,524,230
100$6,186,017$0$0$2,740,630