Can I retire at age 71 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$65,981$65,393$64,820$64,260$63,713$61,997
2 years$32,664$32,055$31,466$30,894$30,340$28,623
3 years$21,559$20,949$20,360$19,794$19,249$17,585
4 years$16,008$15,399$14,817$14,261$13,728$12,131
5 years$12,679$12,073$11,499$10,954$10,436$8,909
6 years$10,460$9,859$9,293$8,760$8,258$6,802
7 years$8,875$8,279$7,722$7,202$6,716$5,332
8 years$7,687$7,097$6,549$6,041$5,571$4,259
9 years$6,764$6,179$5,641$5,146$4,692$3,449
10 years$6,026$5,447$4,918$4,436$3,998$2,823
11 years$5,422$4,849$4,329$3,860$3,438$2,330
12 years$4,919$4,352$3,842$3,386$2,979$1,936
13 years$4,494$3,933$3,433$2,989$2,598$1,617
14 years$4,131$3,575$3,084$2,654$2,278$1,357
15 years$3,815$3,266$2,785$2,367$2,005$1,142
16 years$3,540$2,996$2,525$2,119$1,772$964
17 years$3,297$2,759$2,298$1,904$1,571$816
18 years$3,081$2,550$2,097$1,716$1,397$692
19 years$2,889$2,363$1,920$1,550$1,245$588
20 years$2,716$2,196$1,762$1,404$1,112$500
21 years$2,559$2,045$1,621$1,274$995$426
22 years$2,417$1,909$1,494$1,159$892$363
23 years$2,287$1,786$1,379$1,055$801$310
24 years$2,169$1,673$1,276$962$720$265
25 years$2,060$1,570$1,181$879$648$226
26 years$1,960$1,476$1,096$804$584$193
27 years$1,867$1,389$1,017$736$526$165
28 years$1,781$1,309$946$674$475$142
29 years$1,701$1,235$880$618$429$121
30 years$1,626$1,166$820$567$387$104
31 years$1,557$1,102$764$521$350$89
32 years$1,492$1,043$713$479$317$76
33 years$1,431$988$666$440$287$65
34 years$1,374$936$622$405$260$56
35 years$1,320$888$582$373$235$48
36 years$1,269$843$544$343$213$41
37 years$1,221$800$509$316$193$35
38 years$1,176$761$477$292$175$30
39 years$1,133$723$447$269$159$26
40 years$1,092$688$419$248$144$22
41 years$1,054$655$393$229$131$19
42 years$1,017$624$368$211$119$16
43 years$982$594$346$195$108$14
44 years$949$567$324$180$98$12
45 years$918$540$305$166$89$10
46 years$888$515$286$154$80$9
47 years$859$492$269$142$73$8
48 years$831$470$253$131$66$6
49 years$805$448$237$121$60$6
50 years$780$428$223$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $799,000, adding $3,242 every year, while hoping to spend $21,514 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: 32/45/23 Blend
70$799,000$799,000$799,000$799,000
71$883,842$841,495$829,111$905,781
72$951,103$859,838$833,995$940,957
73$1,024,504$878,358$838,322$976,657
74$1,104,648$897,042$842,050$1,014,671
75$1,192,199$915,874$845,136$1,055,216
76$1,287,889$934,838$847,534$1,098,532
77$1,392,524$953,915$849,196$1,144,881
78$1,506,989$973,084$850,072$1,194,555
79$1,632,261$992,324$850,108$1,247,877
80$1,769,414$1,011,611$849,250$1,305,199
81$1,919,634$1,030,919$847,439$1,366,914
82$2,084,222$1,050,220$844,614$1,433,453
83$2,264,615$1,069,483$840,711$1,505,294
84$2,462,394$1,088,676$835,663$1,582,962
85$2,679,301$1,107,764$829,400$1,667,039
86$2,917,253$1,126,707$821,848$1,758,164
87$3,178,362$1,145,466$812,930$1,857,047
88$3,464,957$1,163,995$802,565$1,964,466
89$3,779,600$1,182,249$790,668$2,081,284
90$4,125,115$1,200,174$777,152$2,208,452
91$4,504,612$1,217,719$761,922$2,347,018
92$4,921,519$1,234,823$744,882$2,498,140
93$5,379,609$1,251,424$725,931$2,663,097
94$5,883,041$1,267,456$704,961$2,843,297
95$6,436,396$1,282,847$681,863$3,040,296
96$7,044,723$1,297,520$656,519$3,255,810
97$7,713,581$1,311,395$628,809$3,491,733
98$8,449,096$1,324,384$598,604$3,750,155
99$9,258,020$1,336,394$565,773$4,033,380
100$10,147,787$1,347,327$530,176$4,343,950