Can I retire at age 71 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$66,394$65,802$65,225$64,662$64,112$62,869
2 years$32,868$32,256$31,663$31,088$30,530$29,282
3 years$21,694$21,080$20,488$19,918$19,369$18,157
4 years$16,109$15,496$14,910$14,350$13,814$12,646
5 years$12,758$12,149$11,571$11,022$10,501$9,380
6 years$10,525$9,920$9,351$8,814$8,309$7,237
7 years$8,931$8,331$7,771$7,247$6,758$5,734
8 years$7,736$7,141$6,590$6,079$5,606$4,631
9 years$6,806$6,218$5,676$5,178$4,721$3,794
10 years$6,063$5,481$4,949$4,464$4,023$3,142
11 years$5,456$4,879$4,357$3,885$3,460$2,625
12 years$4,950$4,379$3,866$3,407$2,998$2,208
13 years$4,523$3,958$3,454$3,008$2,614$1,868
14 years$4,156$3,597$3,104$2,670$2,292$1,587
15 years$3,839$3,286$2,802$2,381$2,018$1,354
16 years$3,562$3,015$2,541$2,132$1,783$1,159
17 years$3,318$2,777$2,312$1,916$1,581$994
18 years$3,101$2,566$2,110$1,727$1,406$855
19 years$2,907$2,378$1,932$1,560$1,253$737
20 years$2,733$2,210$1,773$1,413$1,119$636
21 years$2,575$2,058$1,631$1,282$1,002$550
22 years$2,432$1,921$1,503$1,166$898$475
23 years$2,302$1,797$1,388$1,062$806$412
24 years$2,182$1,684$1,284$969$724$357
25 years$2,073$1,580$1,189$884$652$310
26 years$1,972$1,485$1,103$809$587$269
27 years$1,878$1,398$1,024$740$529$234
28 years$1,792$1,317$952$678$478$203
29 years$1,712$1,242$886$622$431$176
30 years$1,637$1,173$825$571$390$153
31 years$1,567$1,109$769$524$352$134
32 years$1,501$1,049$718$482$319$116
33 years$1,440$994$670$443$288$101
34 years$1,382$942$626$408$261$88
35 years$1,328$893$585$375$237$77
36 years$1,277$848$548$346$214$67
37 years$1,229$805$513$318$194$58
38 years$1,183$765$480$293$176$51
39 years$1,140$728$450$271$160$44
40 years$1,099$692$421$250$145$38
41 years$1,060$659$395$230$131$34
42 years$1,024$628$371$213$119$29
43 years$989$598$348$196$108$25
44 years$955$570$327$181$98$22
45 years$924$544$307$167$89$19
46 years$893$519$288$155$81$17
47 years$864$495$271$143$74$15
48 years$837$473$254$132$67$13
49 years$810$451$239$122$61$11
50 years$785$431$225$113$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $804,000, adding $6,740 every year, while hoping to spend $54,308 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$804,000$804,000$804,000$804,000
71$892,960$850,348$837,886$915,036
72$926,259$834,232$808,172$916,147
73$961,134$815,506$775,643$911,987
74$997,689$793,985$740,146$906,398
75$1,036,035$769,472$701,523$899,289
76$1,076,296$741,761$659,609$890,567
77$1,118,602$710,632$614,230$880,133
78$1,163,098$675,851$565,205$867,885
79$1,209,940$637,174$512,345$853,718
80$1,259,299$594,341$455,454$837,522
81$1,311,359$547,075$394,323$819,183
82$1,366,323$495,088$328,739$798,586
83$1,424,412$438,071$258,475$775,608
84$1,485,866$375,700$183,298$750,126
85$1,550,947$307,632$102,961$722,013
86$1,619,942$233,504$17,209$691,138
87$1,693,165$152,935$0$657,368
88$1,770,958$65,519$0$638,800
89$1,853,696$0$0$622,755
90$1,941,790$0$0$619,381
91$2,035,689$0$0$650,434
92$2,135,884$0$0$683,642
93$2,242,915$0$0$719,195
94$2,357,371$0$0$757,297
95$2,479,901$0$0$798,174
96$2,611,214$0$0$842,076
97$2,752,090$0$0$889,274
98$2,903,383$0$0$940,067
99$3,066,031$0$0$994,785
100$3,241,064$0$0$1,053,786