Can I retire at age 71 with 786,000?

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 $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%12.8%
1 years$64,907$64,329$63,765$63,214$62,677$61,945
2 years$32,132$31,534$30,954$30,392$29,846$29,109
3 years$21,209$20,608$20,029$19,472$18,936$18,217
4 years$15,748$15,149$14,576$14,029$13,505$12,810
5 years$12,472$11,877$11,312$10,775$10,266$9,597
6 years$10,289$9,698$9,142$8,617$8,123$7,481
7 years$8,731$8,145$7,597$7,085$6,606$5,990
8 years$7,562$6,981$6,443$5,943$5,481$4,891
9 years$6,654$6,079$5,549$5,062$4,616$4,053
10 years$5,928$5,358$4,838$4,364$3,933$3,396
11 years$5,334$4,770$4,259$3,798$3,382$2,871
12 years$4,839$4,281$3,780$3,331$2,931$2,445
13 years$4,421$3,869$3,377$2,941$2,556$2,094
14 years$4,063$3,517$3,034$2,611$2,240$1,802
15 years$3,753$3,213$2,740$2,328$1,973$1,558
16 years$3,482$2,948$2,484$2,085$1,743$1,351
17 years$3,243$2,715$2,260$1,873$1,546$1,175
18 years$3,031$2,508$2,063$1,688$1,375$1,024
19 years$2,842$2,325$1,889$1,525$1,225$895
20 years$2,671$2,160$1,733$1,381$1,094$783
21 years$2,517$2,012$1,594$1,254$979$687
22 years$2,378$1,878$1,469$1,140$878$603
23 years$2,250$1,757$1,357$1,038$788$530
24 years$2,134$1,646$1,255$947$708$466
25 years$2,026$1,545$1,162$865$637$411
26 years$1,928$1,452$1,078$791$574$362
27 years$1,836$1,366$1,001$724$518$319
28 years$1,752$1,287$930$663$467$282
29 years$1,673$1,215$866$608$422$249
30 years$1,600$1,147$807$558$381$220
31 years$1,532$1,084$752$512$344$194
32 years$1,468$1,026$702$471$312$172
33 years$1,408$972$655$433$282$152
34 years$1,351$921$612$399$255$134
35 years$1,298$873$572$367$231$119
36 years$1,248$829$535$338$210$105
37 years$1,201$787$501$311$190$93
38 years$1,157$748$469$287$172$82
39 years$1,115$712$440$265$156$73
40 years$1,075$677$412$244$142$65
41 years$1,037$644$386$225$128$57
42 years$1,001$614$362$208$117$51
43 years$966$585$340$192$106$45
44 years$934$557$319$177$96$40
45 years$903$532$300$164$87$35
46 years$873$507$282$151$79$31
47 years$845$484$264$140$72$28
48 years$818$462$249$129$65$25
49 years$792$441$234$119$59$22
50 years$767$421$220$110$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $786,000, adding $4,071 every year, while hoping to spend $24,444 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: 59/35/6 Blend
70$786,000$786,000$786,000$786,000
71$870,371$828,713$816,530$920,460
72$933,141$843,312$817,876$969,111
73$1,001,494$857,807$818,447$1,018,975
74$1,075,974$872,167$818,193$1,072,724
75$1,157,179$886,359$817,058$1,130,731
76$1,245,767$900,347$814,986$1,193,409
77$1,342,465$914,093$811,917$1,261,210
78$1,448,069$927,556$807,789$1,334,634
79$1,563,457$940,692$802,535$1,414,233
80$1,689,598$953,454$796,088$1,500,613
81$1,827,555$965,791$788,375$1,594,445
82$1,978,500$977,649$779,320$1,696,464
83$2,143,725$988,972$768,845$1,807,486
84$2,324,650$999,696$756,866$1,928,406
85$2,522,841$1,009,758$743,298$2,060,213
86$2,740,021$1,019,087$728,049$2,203,996
87$2,978,089$1,027,608$711,024$2,360,956
88$3,239,135$1,035,242$692,125$2,532,418
89$3,525,463$1,041,904$671,247$2,719,840
90$3,839,607$1,047,505$648,281$2,924,834
91$4,184,363$1,051,949$623,114$3,149,171
92$4,562,807$1,055,133$595,628$3,394,810
93$4,978,329$1,056,950$565,697$3,663,906
94$5,434,663$1,057,285$533,192$3,958,837
95$5,935,922$1,056,016$497,977$4,282,224
96$6,486,637$1,053,012$459,911$4,636,958
97$7,091,801$1,048,136$418,845$5,026,224
98$7,756,913$1,041,243$374,624$5,453,534
99$8,488,031$1,032,177$327,087$5,922,762
100$9,291,831$1,020,774$276,065$6,438,176