Can I retire at age 71 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$65,898$65,311$64,738$64,179$63,634$63,366
2 years$32,623$32,015$31,426$30,856$30,302$30,031
3 years$21,533$20,922$20,335$19,769$19,225$18,960
4 years$15,988$15,380$14,799$14,243$13,711$13,454
5 years$12,663$12,058$11,484$10,940$10,423$10,175
6 years$10,447$9,846$9,281$8,749$8,247$8,008
7 years$8,864$8,269$7,713$7,193$6,707$6,477
8 years$7,678$7,088$6,541$6,034$5,564$5,343
9 years$6,756$6,171$5,634$5,139$4,686$4,474
10 years$6,018$5,440$4,912$4,430$3,993$3,789
11 years$5,415$4,843$4,324$3,856$3,434$3,239
12 years$4,913$4,347$3,838$3,382$2,976$2,790
13 years$4,489$3,928$3,429$2,986$2,595$2,417
14 years$4,125$3,570$3,081$2,650$2,275$2,106
15 years$3,811$3,262$2,781$2,364$2,003$1,842
16 years$3,535$2,993$2,522$2,116$1,770$1,617
17 years$3,293$2,756$2,295$1,902$1,569$1,424
18 years$3,078$2,547$2,095$1,714$1,395$1,257
19 years$2,885$2,360$1,918$1,548$1,244$1,113
20 years$2,712$2,193$1,760$1,402$1,111$987
21 years$2,556$2,043$1,619$1,273$994$877
22 years$2,414$1,907$1,492$1,157$891$780
23 years$2,285$1,784$1,378$1,054$800$695
24 years$2,166$1,671$1,274$961$719$620
25 years$2,057$1,568$1,180$878$647$554
26 years$1,957$1,474$1,094$803$583$495
27 years$1,864$1,387$1,016$735$525$443
28 years$1,779$1,307$945$673$474$396
29 years$1,699$1,233$879$617$428$355
30 years$1,624$1,165$819$567$387$318
31 years$1,555$1,101$763$520$350$286
32 years$1,490$1,042$712$478$316$256
33 years$1,429$986$665$440$286$230
34 years$1,372$935$621$405$259$207
35 years$1,318$887$581$372$235$186
36 years$1,267$842$543$343$213$167
37 years$1,220$799$509$316$193$150
38 years$1,174$760$476$291$175$135
39 years$1,132$722$446$269$159$121
40 years$1,091$687$418$248$144$109
41 years$1,053$654$392$229$130$98
42 years$1,016$623$368$211$118$88
43 years$981$594$345$195$107$79
44 years$948$566$324$180$98$71
45 years$917$540$304$166$89$64
46 years$887$515$286$153$80$58
47 years$858$491$269$142$73$52
48 years$830$469$252$131$66$47
49 years$804$448$237$121$60$42
50 years$779$428$223$112$55$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $798,000, adding $4,090 every year, while hoping to spend $54,247 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: 61/15/24 Blend
70$798,000$798,000$798,000$798,000
71$883,615$841,321$828,952$931,651
72$916,025$824,827$799,003$948,221
73$949,923$805,707$766,233$960,013
74$985,403$783,775$730,490$971,692
75$1,022,568$758,833$691,615$983,258
76$1,061,528$730,675$649,443$994,711
77$1,102,404$699,078$603,799$1,006,055
78$1,145,326$663,809$554,503$1,017,296
79$1,190,436$624,623$501,366$1,028,444
80$1,237,889$581,257$444,189$1,039,512
81$1,287,851$533,436$382,767$1,050,519
82$1,340,506$480,869$316,884$1,061,488
83$1,396,053$423,247$246,315$1,072,449
84$1,454,708$360,243$170,824$1,083,439
85$1,516,708$291,515$90,167$1,094,500
86$1,582,311$216,698$4,086$1,105,687
87$1,651,799$135,408$0$1,117,062
88$1,725,479$47,241$0$1,151,178
89$1,803,689$0$0$1,188,220
90$1,886,796$0$0$1,235,279
91$1,975,202$0$0$1,293,666
92$2,069,348$0$0$1,355,878
93$2,169,716$0$0$1,422,240
94$2,276,835$0$0$1,493,104
95$2,391,283$0$0$1,568,859
96$2,513,694$0$0$1,649,930
97$2,644,763$0$0$1,736,783
98$2,785,254$0$0$1,829,930
99$2,936,003$0$0$1,929,931
100$3,097,928$0$0$2,037,404