Can I retire at age 71 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$66,063$65,475$64,901$64,340$63,793$61,726
2 years$32,705$32,095$31,505$30,933$30,378$28,315
3 years$21,586$20,975$20,386$19,819$19,273$17,279
4 years$16,029$15,419$14,836$14,278$13,746$11,835
5 years$12,695$12,088$11,513$10,967$10,449$8,628
6 years$10,473$9,871$9,304$8,771$8,268$6,537
7 years$8,886$8,290$7,732$7,211$6,724$5,084
8 years$7,697$7,106$6,557$6,049$5,578$4,027
9 years$6,773$6,187$5,648$5,152$4,698$3,234
10 years$6,033$5,453$4,924$4,441$4,003$2,624
11 years$5,429$4,855$4,335$3,865$3,442$2,147
12 years$4,926$4,357$3,847$3,390$2,983$1,767
13 years$4,500$3,938$3,437$2,993$2,601$1,462
14 years$4,136$3,579$3,088$2,657$2,280$1,215
15 years$3,820$3,270$2,788$2,370$2,008$1,012
16 years$3,544$3,000$2,528$2,122$1,775$846
17 years$3,301$2,763$2,300$1,906$1,573$709
18 years$3,085$2,553$2,100$1,718$1,399$595
19 years$2,892$2,366$1,922$1,552$1,247$500
20 years$2,719$2,199$1,764$1,406$1,114$421
21 years$2,562$2,048$1,623$1,276$997$355
22 years$2,420$1,912$1,496$1,160$893$299
23 years$2,290$1,788$1,381$1,057$802$252
24 years$2,172$1,675$1,277$964$721$213
25 years$2,063$1,572$1,183$880$649$180
26 years$1,962$1,478$1,097$805$584$152
27 years$1,869$1,391$1,019$737$527$129
28 years$1,783$1,310$947$675$475$109
29 years$1,703$1,236$881$619$429$92
30 years$1,628$1,167$821$568$388$78
31 years$1,559$1,104$765$522$351$66
32 years$1,494$1,044$714$479$317$56
33 years$1,433$989$667$441$287$47
34 years$1,375$937$623$406$260$40
35 years$1,321$889$582$373$235$34
36 years$1,271$844$545$344$213$29
37 years$1,223$801$510$317$193$24
38 years$1,177$762$478$292$175$21
39 years$1,134$724$447$269$159$17
40 years$1,094$689$419$248$144$15
41 years$1,055$656$393$229$131$13
42 years$1,019$625$369$211$119$11
43 years$984$595$346$195$108$9
44 years$951$567$325$180$98$8
45 years$919$541$305$166$89$6
46 years$889$516$287$154$81$5
47 years$860$492$269$142$73$5
48 years$833$470$253$131$66$4
49 years$806$449$238$121$60$3
50 years$781$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $800,000, adding $3,146 every year, while hoping to spend $27,968 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: 26/47/27 Blend
70$800,000$800,000$800,000$800,000
71$884,845$842,445$830,045$900,306
72$945,342$853,967$828,094$924,710
73$1,011,071$865,116$825,140$948,270
74$1,082,539$875,845$821,120$972,972
75$1,160,298$886,102$815,968$998,929
76$1,244,960$895,833$809,615$1,026,272
77$1,337,197$904,980$801,988$1,055,143
78$1,437,747$913,480$793,011$1,085,702
79$1,547,425$921,267$782,603$1,118,128
80$1,667,124$928,272$770,683$1,152,620
81$1,797,832$934,418$757,162$1,189,398
82$1,940,633$939,626$741,949$1,228,709
83$2,096,721$943,812$724,948$1,270,826
84$2,267,412$946,884$706,059$1,316,053
85$2,454,153$948,746$685,177$1,364,729
86$2,658,539$949,297$662,192$1,417,230
87$2,882,325$948,428$636,991$1,473,973
88$3,127,445$946,023$609,453$1,535,422
89$3,396,027$941,962$579,453$1,602,093
90$3,690,416$936,113$546,859$1,674,555
91$4,013,196$928,339$511,536$1,753,444
92$4,367,209$918,494$473,339$1,839,463
93$4,755,588$906,425$432,120$1,933,391
94$5,181,784$891,966$387,722$2,036,092
95$5,649,597$874,943$339,982$2,148,525
96$6,163,215$855,174$288,730$2,271,750
97$6,727,248$832,463$233,788$2,406,944
98$7,346,778$806,604$174,970$2,555,409
99$8,027,400$777,378$112,082$2,718,586
100$8,775,279$744,555$44,922$2,898,071