Can I retire at age 71 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$66,806$66,211$65,631$65,064$64,511$63,811
2 years$33,073$32,457$31,860$31,281$30,719$30,014
3 years$21,829$21,211$20,615$20,042$19,490$18,802
4 years$16,209$15,592$15,003$14,439$13,900$13,235
5 years$12,837$12,224$11,643$11,091$10,567$9,925
6 years$10,591$9,982$9,409$8,869$8,361$7,745
7 years$8,986$8,383$7,819$7,292$6,800$6,209
8 years$7,784$7,186$6,631$6,117$5,641$5,076
9 years$6,849$6,257$5,711$5,210$4,751$4,210
10 years$6,101$5,515$4,979$4,491$4,048$3,532
11 years$5,490$4,910$4,384$3,909$3,481$2,990
12 years$4,981$4,407$3,890$3,429$3,017$2,549
13 years$4,551$3,982$3,476$3,027$2,631$2,186
14 years$4,182$3,620$3,123$2,687$2,306$1,884
15 years$3,863$3,307$2,820$2,396$2,030$1,631
16 years$3,584$3,034$2,556$2,146$1,794$1,416
17 years$3,338$2,794$2,326$1,928$1,591$1,233
18 years$3,120$2,582$2,124$1,737$1,415$1,077
19 years$2,925$2,393$1,944$1,570$1,261$942
20 years$2,750$2,223$1,784$1,422$1,126$826
21 years$2,591$2,071$1,641$1,290$1,008$725
22 years$2,447$1,933$1,512$1,173$903$638
23 years$2,316$1,808$1,397$1,068$811$561
24 years$2,196$1,694$1,292$975$729$495
25 years$2,086$1,590$1,196$890$656$436
26 years$1,984$1,494$1,109$814$591$385
27 years$1,890$1,406$1,030$745$533$340
28 years$1,803$1,325$958$682$481$301
29 years$1,722$1,250$891$626$434$266
30 years$1,647$1,181$830$574$392$235
31 years$1,576$1,116$774$527$355$208
32 years$1,511$1,056$722$485$321$184
33 years$1,449$1,000$674$446$290$163
34 years$1,391$948$630$410$263$145
35 years$1,336$899$589$378$238$128
36 years$1,285$853$551$348$216$114
37 years$1,236$810$516$320$195$101
38 years$1,191$770$483$295$177$89
39 years$1,147$732$452$272$161$79
40 years$1,106$697$424$251$146$70
41 years$1,067$663$398$232$132$62
42 years$1,030$632$373$214$120$55
43 years$995$602$350$197$109$49
44 years$961$574$329$182$99$44
45 years$929$547$308$168$90$39
46 years$899$522$290$155$81$34
47 years$870$498$272$144$74$31
48 years$842$475$256$133$67$27
49 years$815$454$240$123$61$24
50 years$790$434$226$113$55$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $809,000, adding $6,697 every year, while hoping to spend $51,149 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: 53/40/7 Blend
70$809,000$809,000$809,000$809,000
71$898,426$855,549$843,009$944,185
72$935,643$843,049$816,828$963,445
73$974,942$828,222$788,055$978,225
74$1,016,482$810,900$756,551$993,074
75$1,060,434$790,905$722,166$1,008,006
76$1,106,988$768,049$684,749$1,023,042
77$1,156,350$742,133$644,137$1,038,207
78$1,208,745$712,945$600,163$1,053,532
79$1,264,420$680,261$552,650$1,069,055
80$1,323,643$643,846$501,417$1,084,821
81$1,386,710$603,450$446,269$1,100,883
82$1,453,943$558,808$387,008$1,117,304
83$1,525,697$509,641$323,425$1,134,160
84$1,602,358$455,654$255,299$1,151,536
85$1,684,351$396,534$182,405$1,169,534
86$1,772,142$331,951$104,503$1,188,270
87$1,866,242$261,558$21,345$1,207,878
88$1,967,210$184,985$0$1,228,511
89$2,075,660$101,845$0$1,255,382
90$2,192,269$11,726$0$1,285,685
91$2,317,775$0$0$1,318,075
92$2,452,993$0$0$1,390,604
93$2,598,815$0$0$1,474,447
94$2,756,223$0$0$1,565,015
95$2,926,296$0$0$1,662,937
96$3,110,217$0$0$1,768,903
97$3,309,289$0$0$1,883,672
98$3,524,944$0$0$2,008,079
99$3,758,757$0$0$2,143,043
100$4,012,458$0$0$2,289,572