Can I retire at age 71 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$66,311$65,720$65,144$64,582$64,032$62,765
2 years$32,827$32,216$31,623$31,049$30,492$29,220
3 years$21,667$21,053$20,462$19,893$19,345$18,109
4 years$16,089$15,476$14,891$14,332$13,797$12,606
5 years$12,742$12,134$11,556$11,008$10,488$9,346
6 years$10,512$9,908$9,339$8,803$8,299$7,206
7 years$8,920$8,321$7,761$7,238$6,749$5,707
8 years$7,726$7,132$6,582$6,072$5,599$4,606
9 years$6,798$6,210$5,669$5,172$4,715$3,771
10 years$6,056$5,474$4,942$4,458$4,018$3,122
11 years$5,449$4,873$4,351$3,880$3,455$2,606
12 years$4,944$4,374$3,862$3,403$2,994$2,191
13 years$4,517$3,953$3,450$3,004$2,611$1,852
14 years$4,151$3,593$3,100$2,667$2,289$1,573
15 years$3,834$3,282$2,799$2,379$2,015$1,341
16 years$3,558$3,011$2,538$2,130$1,781$1,147
17 years$3,314$2,773$2,309$1,914$1,579$983
18 years$3,097$2,563$2,108$1,724$1,404$845
19 years$2,903$2,375$1,930$1,558$1,252$727
20 years$2,729$2,207$1,771$1,411$1,118$627
21 years$2,572$2,056$1,629$1,281$1,000$542
22 years$2,429$1,919$1,501$1,165$897$468
23 years$2,299$1,795$1,386$1,061$805$405
24 years$2,180$1,682$1,282$967$724$351
25 years$2,070$1,578$1,187$883$651$304
26 years$1,969$1,483$1,101$808$586$264
27 years$1,876$1,396$1,023$739$529$229
28 years$1,790$1,315$951$677$477$199
29 years$1,709$1,241$885$621$431$173
30 years$1,635$1,172$824$570$389$150
31 years$1,565$1,108$768$524$352$131
32 years$1,499$1,048$717$481$318$114
33 years$1,438$993$669$442$288$99
34 years$1,381$941$625$407$261$86
35 years$1,326$892$585$375$236$75
36 years$1,275$847$547$345$214$65
37 years$1,227$804$512$318$194$57
38 years$1,182$764$479$293$176$49
39 years$1,139$727$449$270$160$43
40 years$1,098$692$421$249$145$37
41 years$1,059$658$395$230$131$32
42 years$1,022$627$370$212$119$28
43 years$987$597$347$196$108$25
44 years$954$569$326$181$98$21
45 years$922$543$306$167$89$19
46 years$892$518$288$154$81$16
47 years$863$494$270$143$73$14
48 years$836$472$254$132$67$12
49 years$809$451$239$122$61$11
50 years$784$430$224$113$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $803,000, adding $2,100 every year, while hoping to spend $40,589 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: 49/26/25 Blend
70$803,000$803,000$803,000$803,000
71$887,072$844,513$832,067$924,165
72$934,367$842,708$816,755$948,479
73$985,126$839,454$799,569$970,657
74$1,039,659$834,637$780,405$993,938
75$1,098,306$828,137$759,151$1,018,445
76$1,161,443$819,825$735,692$1,044,316
77$1,229,480$809,566$709,907$1,071,703
78$1,302,868$797,216$681,670$1,100,780
79$1,382,103$782,622$650,848$1,131,738
80$1,467,730$765,622$617,304$1,164,791
81$1,560,347$746,047$580,892$1,200,180
82$1,660,612$723,713$541,462$1,238,170
83$1,769,250$698,431$498,857$1,279,060
84$1,887,056$669,996$452,910$1,323,182
85$2,014,903$638,193$403,451$1,370,905
86$2,153,756$602,797$350,299$1,422,640
87$2,304,671$563,566$293,266$1,478,845
88$2,468,813$520,247$232,156$1,540,028
89$2,647,464$472,571$166,765$1,606,756
90$2,842,032$420,253$96,879$1,679,657
91$3,054,068$362,995$22,273$1,759,429
92$3,285,281$300,479$0$1,846,847
93$3,537,547$232,370$0$1,958,068
94$3,812,935$158,314$0$2,086,086
95$4,113,721$77,939$0$2,226,078
96$4,442,411$0$0$2,379,292
97$4,801,764$0$0$2,549,719
98$5,194,817$0$0$2,760,601
99$5,624,915$0$0$2,991,444
100$6,095,740$0$0$3,244,234