Can I retire at age 71 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$66,476$65,884$65,306$64,742$64,192$63,259
2 years$32,909$32,296$31,702$31,126$30,568$29,629
3 years$21,721$21,106$20,513$19,943$19,393$18,479
4 years$16,129$15,515$14,928$14,368$13,831$12,949
5 years$12,774$12,164$11,585$11,036$10,514$9,665
6 years$10,538$9,933$9,362$8,825$8,320$7,505
7 years$8,942$8,342$7,780$7,256$6,766$5,987
8 years$7,745$7,150$6,598$6,087$5,613$4,869
9 years$6,815$6,226$5,683$5,185$4,727$4,017
10 years$6,071$5,488$4,955$4,469$4,028$3,352
11 years$5,463$4,885$4,362$3,889$3,464$2,821
12 years$4,956$4,385$3,871$3,412$3,002$2,392
13 years$4,528$3,963$3,459$3,012$2,618$2,039
14 years$4,162$3,602$3,108$2,674$2,295$1,747
15 years$3,844$3,290$2,806$2,384$2,020$1,503
16 years$3,566$3,019$2,544$2,135$1,786$1,297
17 years$3,322$2,780$2,315$1,918$1,583$1,122
18 years$3,105$2,569$2,113$1,729$1,408$974
19 years$2,910$2,381$1,934$1,562$1,255$846
20 years$2,736$2,213$1,775$1,415$1,121$737
21 years$2,578$2,061$1,633$1,284$1,003$643
22 years$2,435$1,924$1,505$1,167$899$561
23 years$2,305$1,799$1,390$1,063$807$491
24 years$2,185$1,686$1,285$970$725$429
25 years$2,075$1,582$1,190$886$653$376
26 years$1,974$1,487$1,104$810$588$330
27 years$1,881$1,399$1,025$741$530$289
28 years$1,794$1,319$953$679$478$254
29 years$1,714$1,244$887$623$432$223
30 years$1,639$1,175$826$572$390$196
31 years$1,569$1,110$770$525$353$172
32 years$1,503$1,051$719$482$319$151
33 years$1,442$995$671$444$289$133
34 years$1,384$943$627$408$261$117
35 years$1,330$895$586$376$237$103
36 years$1,279$849$548$346$215$90
37 years$1,230$806$513$319$194$80
38 years$1,185$766$481$294$176$70
39 years$1,141$729$450$271$160$62
40 years$1,101$693$422$250$145$54
41 years$1,062$660$396$231$132$48
42 years$1,025$629$371$213$119$42
43 years$990$599$348$196$108$37
44 years$956$571$327$181$98$33
45 years$925$544$307$168$89$29
46 years$894$519$288$155$81$25
47 years$865$496$271$143$74$22
48 years$838$473$255$132$67$20
49 years$811$452$239$122$61$17
50 years$786$432$225$113$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $805,000, adding $5,248 every year, while hoping to spend $32,450 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: 48/28/24 Blend
70$805,000$805,000$805,000$805,000
71$892,523$849,858$837,381$929,051
72$949,034$856,975$830,907$962,252
73$1,010,221$863,352$823,128$994,638
74$1,076,528$868,921$813,967$1,029,154
75$1,148,441$873,605$803,341$1,066,015
76$1,226,495$877,325$791,166$1,105,460
77$1,311,279$879,995$777,352$1,147,752
78$1,403,442$881,527$761,806$1,193,186
79$1,503,695$881,824$744,428$1,242,085
80$1,612,822$880,784$725,117$1,294,810
81$1,731,687$878,299$703,765$1,351,757
82$1,861,238$874,255$680,260$1,413,368
83$2,002,520$868,529$654,485$1,480,131
84$2,156,684$860,993$626,317$1,552,585
85$2,324,994$851,510$595,626$1,631,328
86$2,508,844$839,935$562,281$1,717,021
87$2,709,767$826,113$526,139$1,810,396
88$2,929,453$809,883$487,054$1,912,262
89$3,169,761$791,070$444,874$2,023,513
90$3,432,738$769,494$399,438$2,145,140
91$3,720,637$744,959$350,579$2,278,237
92$4,035,942$717,262$298,123$2,424,012
93$4,381,385$686,185$241,888$2,583,805
94$4,759,977$651,499$181,682$2,759,091
95$5,175,035$612,962$117,308$2,951,506
96$5,630,208$570,317$48,558$3,162,853
97$6,129,520$523,293$0$3,395,127
98$6,677,400$471,604$0$3,656,885
99$7,278,728$414,946$0$3,957,890
100$7,938,879$352,998$0$4,288,442