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%17.3%
1 years$66,311$65,720$65,144$64,582$64,032$62,132
2 years$32,827$32,216$31,623$31,049$30,492$28,593
3 years$21,667$21,053$20,462$19,893$19,345$17,507
4 years$16,089$15,476$14,891$14,332$13,797$12,034
5 years$12,742$12,134$11,556$11,008$10,488$8,805
6 years$10,512$9,908$9,339$8,803$8,299$6,698
7 years$8,920$8,321$7,761$7,238$6,749$5,229
8 years$7,726$7,132$6,582$6,072$5,599$4,160
9 years$6,798$6,210$5,669$5,172$4,715$3,355
10 years$6,056$5,474$4,942$4,458$4,018$2,734
11 years$5,449$4,873$4,351$3,880$3,455$2,247
12 years$4,944$4,374$3,862$3,403$2,994$1,858
13 years$4,517$3,953$3,450$3,004$2,611$1,545
14 years$4,151$3,593$3,100$2,667$2,289$1,289
15 years$3,834$3,282$2,799$2,379$2,015$1,080
16 years$3,558$3,011$2,538$2,130$1,781$907
17 years$3,314$2,773$2,309$1,914$1,579$764
18 years$3,097$2,563$2,108$1,724$1,404$645
19 years$2,903$2,375$1,930$1,558$1,252$545
20 years$2,729$2,207$1,771$1,411$1,118$461
21 years$2,572$2,056$1,629$1,281$1,000$390
22 years$2,429$1,919$1,501$1,165$897$331
23 years$2,299$1,795$1,386$1,061$805$281
24 years$2,180$1,682$1,282$967$724$239
25 years$2,070$1,578$1,187$883$651$203
26 years$1,969$1,483$1,101$808$586$172
27 years$1,876$1,396$1,023$739$529$147
28 years$1,790$1,315$951$677$477$125
29 years$1,709$1,241$885$621$431$106
30 years$1,635$1,172$824$570$389$90
31 years$1,565$1,108$768$524$352$77
32 years$1,499$1,048$717$481$318$66
33 years$1,438$993$669$442$288$56
34 years$1,381$941$625$407$261$48
35 years$1,326$892$585$375$236$41
36 years$1,275$847$547$345$214$35
37 years$1,227$804$512$318$194$29
38 years$1,182$764$479$293$176$25
39 years$1,139$727$449$270$160$21
40 years$1,098$692$421$249$145$18
41 years$1,059$658$395$230$131$16
42 years$1,022$627$370$212$119$13
43 years$987$597$347$196$108$11
44 years$954$569$326$181$98$10
45 years$922$543$306$167$89$8
46 years$892$518$288$154$81$7
47 years$863$494$270$143$73$6
48 years$836$472$254$132$67$5
49 years$809$451$239$122$61$4
50 years$784$430$224$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $803,000, adding $4,946 every year, while hoping to spend $48,009 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: 76/19/5 Blend
70$803,000$803,000$803,000$803,000
71$890,008$847,449$835,002$957,002
72$929,707$837,893$811,894$992,124
73$971,847$826,259$786,402$1,023,924
74$1,016,626$812,396$758,396$1,057,363
75$1,064,259$796,141$727,741$1,092,585
76$1,114,986$777,324$694,292$1,129,747
77$1,169,065$755,763$657,901$1,169,023
78$1,226,781$731,267$618,412$1,210,605
79$1,288,446$703,633$575,662$1,254,705
80$1,354,402$672,645$529,481$1,301,558
81$1,425,023$638,076$479,691$1,351,425
82$1,500,720$599,687$426,105$1,404,590
83$1,581,944$557,222$368,530$1,461,372
84$1,669,190$510,414$306,764$1,522,121
85$1,763,000$458,977$240,593$1,587,225
86$1,863,971$402,611$169,798$1,657,110
87$1,972,756$341,000$94,147$1,732,252
88$2,090,076$273,808$13,399$1,813,171
89$2,216,720$200,680$0$1,900,448
90$2,353,555$121,243$0$1,998,602
91$2,501,535$35,102$0$2,105,473
92$2,661,709$0$0$2,221,140
93$2,835,228$0$0$2,358,641
94$3,023,360$0$0$2,515,704
95$3,227,498$0$0$2,686,157
96$3,449,175$0$0$2,871,282
97$3,690,075$0$0$3,072,490
98$3,952,053$0$0$3,291,335
99$4,237,150$0$0$3,529,523
100$4,547,608$0$0$3,788,934