Can I retire at age 71 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$64,990$64,411$63,846$63,295$62,756$62,127
2 years$32,173$31,574$30,993$30,430$29,884$29,250
3 years$21,236$20,634$20,055$19,497$18,960$18,341
4 years$15,768$15,168$14,595$14,046$13,522$12,923
5 years$12,488$11,892$11,326$10,789$10,279$9,702
6 years$10,303$9,711$9,153$8,628$8,134$7,579
7 years$8,742$8,155$7,606$7,094$6,615$6,082
8 years$7,572$6,990$6,451$5,951$5,488$4,978
9 years$6,662$6,086$5,556$5,069$4,621$4,134
10 years$5,935$5,365$4,844$4,369$3,938$3,472
11 years$5,341$4,776$4,264$3,803$3,387$2,943
12 years$4,846$4,287$3,785$3,335$2,935$2,512
13 years$4,427$3,874$3,381$2,945$2,559$2,158
14 years$4,068$3,521$3,038$2,614$2,243$1,862
15 years$3,758$3,217$2,743$2,331$1,975$1,614
16 years$3,487$2,951$2,487$2,087$1,746$1,403
17 years$3,248$2,718$2,263$1,875$1,548$1,224
18 years$3,035$2,512$2,066$1,690$1,376$1,070
19 years$2,845$2,328$1,891$1,527$1,227$938
20 years$2,675$2,163$1,736$1,383$1,096$823
21 years$2,521$2,015$1,596$1,255$981$724
22 years$2,381$1,881$1,471$1,141$879$637
23 years$2,253$1,759$1,359$1,039$789$562
24 years$2,136$1,648$1,256$948$709$496
25 years$2,029$1,547$1,164$866$638$438
26 years$1,930$1,454$1,079$792$575$387
27 years$1,839$1,368$1,002$725$518$343
28 years$1,754$1,289$932$664$468$303
29 years$1,675$1,216$867$609$422$269
30 years$1,602$1,148$808$559$382$238
31 years$1,534$1,086$753$513$345$211
32 years$1,469$1,027$702$472$312$187
33 years$1,409$973$656$434$282$166
34 years$1,353$922$613$399$256$148
35 years$1,300$875$573$367$232$131
36 years$1,250$830$536$338$210$116
37 years$1,203$788$502$312$190$103
38 years$1,158$749$470$287$172$92
39 years$1,116$712$440$265$156$82
40 years$1,076$678$413$244$142$72
41 years$1,038$645$387$225$129$64
42 years$1,002$614$363$208$117$57
43 years$968$585$340$192$106$51
44 years$935$558$320$177$96$45
45 years$904$532$300$164$87$40
46 years$874$508$282$151$79$36
47 years$846$484$265$140$72$32
48 years$819$463$249$129$65$28
49 years$793$442$234$119$59$25
50 years$768$422$220$110$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $787,000, adding $4,656 every year, while hoping to spend $24,593 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: 80/13/7 Blend
70$787,000$787,000$787,000$787,000
71$872,077$830,366$818,167$940,816
72$934,862$844,887$819,409$1,001,035
73$1,003,227$859,295$819,868$1,063,378
74$1,077,714$873,559$819,493$1,131,041
75$1,158,923$887,646$818,227$1,204,543
76$1,247,510$901,517$816,015$1,284,455
77$1,344,201$915,136$812,796$1,371,406
78$1,449,790$928,459$808,506$1,466,087
79$1,565,158$941,442$803,079$1,569,263
80$1,691,268$954,037$796,447$1,681,772
81$1,829,186$966,193$788,536$1,804,541
82$1,980,082$977,856$779,271$1,938,589
83$2,145,245$988,965$768,571$2,085,039
84$2,326,095$999,460$756,353$2,245,129
85$2,524,196$1,009,272$742,531$2,420,221
86$2,741,269$1,018,333$727,011$2,611,817
87$2,979,212$1,026,564$709,699$2,821,572
88$3,240,113$1,033,887$690,495$3,051,310
89$3,526,271$1,040,214$669,294$3,303,039
90$3,840,222$1,045,455$645,986$3,578,972
91$4,184,754$1,049,513$620,456$3,881,548
92$4,562,943$1,052,283$592,586$4,213,456
93$4,978,175$1,053,656$562,249$4,577,655
94$5,434,180$1,053,516$529,315$4,977,410
95$5,935,066$1,051,738$493,647$5,416,315
96$6,485,360$1,048,191$455,102$5,898,334
97$7,090,050$1,042,735$413,530$6,427,834
98$7,754,628$1,035,222$368,776$7,009,625
99$8,485,146$1,025,495$320,677$7,649,011
100$9,288,274$1,013,387$269,062$8,351,835