Can I retire at age 71 with 814,000?

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 $814,000?

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$67,219$66,621$66,036$65,466$64,910$63,651
2 years$33,277$32,657$32,057$31,474$30,909$29,646
3 years$21,964$21,342$20,743$20,166$19,610$18,382
4 years$16,309$15,688$15,095$14,528$13,986$12,803
5 years$12,917$12,300$11,715$11,159$10,632$9,497
6 years$10,656$10,044$9,467$8,924$8,413$7,327
7 years$9,042$8,435$7,867$7,337$6,842$5,805
8 years$7,832$7,230$6,672$6,155$5,676$4,688
9 years$6,891$6,295$5,747$5,243$4,780$3,841
10 years$6,139$5,549$5,010$4,519$4,073$3,181
11 years$5,524$4,940$4,411$3,933$3,503$2,658
12 years$5,012$4,434$3,914$3,450$3,035$2,236
13 years$4,579$4,007$3,497$3,046$2,647$1,891
14 years$4,208$3,642$3,142$2,704$2,320$1,607
15 years$3,887$3,327$2,837$2,411$2,043$1,371
16 years$3,606$3,053$2,572$2,159$1,806$1,173
17 years$3,359$2,811$2,341$1,940$1,601$1,007
18 years$3,139$2,598$2,137$1,748$1,423$866
19 years$2,943$2,408$1,956$1,580$1,269$746
20 years$2,767$2,237$1,795$1,431$1,133$644
21 years$2,607$2,084$1,651$1,298$1,014$556
22 years$2,462$1,945$1,522$1,180$909$481
23 years$2,330$1,819$1,405$1,075$816$417
24 years$2,210$1,705$1,300$981$733$361
25 years$2,099$1,600$1,204$895$660$314
26 years$1,996$1,503$1,116$819$595$272
27 years$1,902$1,415$1,037$749$536$236
28 years$1,814$1,333$964$687$484$205
29 years$1,733$1,258$897$630$437$179
30 years$1,657$1,188$835$578$395$155
31 years$1,586$1,123$779$531$357$135
32 years$1,520$1,063$727$488$323$118
33 years$1,458$1,006$678$449$292$102
34 years$1,399$954$634$413$264$89
35 years$1,345$905$593$380$239$78
36 years$1,293$859$554$350$217$68
37 years$1,244$815$519$322$197$59
38 years$1,198$775$486$297$178$51
39 years$1,154$737$455$274$162$45
40 years$1,113$701$427$253$147$39
41 years$1,074$667$400$233$133$34
42 years$1,036$636$375$215$121$30
43 years$1,001$606$352$199$110$26
44 years$967$577$331$183$99$22
45 years$935$550$310$169$90$20
46 years$904$525$292$156$82$17
47 years$875$501$274$145$74$15
48 years$847$478$257$134$68$13
49 years$820$457$242$123$61$11
50 years$795$436$227$114$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $814,000, adding $2,400 every year, while hoping to spend $47,258 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: 61/23/16 Blend
70$814,000$814,000$814,000$814,000
71$899,504$856,362$843,745$950,605
72$940,971$848,041$821,728$976,992
73$985,084$837,729$797,390$1,000,258
74$1,032,063$825,278$770,602$1,024,533
75$1,082,148$810,532$741,233$1,049,920
76$1,135,604$793,324$709,141$1,076,533
77$1,192,719$773,481$674,180$1,104,499
78$1,253,810$750,815$636,199$1,133,963
79$1,319,225$725,131$595,038$1,165,083
80$1,389,344$696,221$550,530$1,198,039
81$1,464,585$663,864$502,501$1,233,029
82$1,545,407$627,828$450,769$1,270,275
83$1,632,313$587,866$395,145$1,310,026
84$1,725,856$543,718$335,429$1,352,557
85$1,826,642$495,109$271,414$1,398,175
86$1,935,338$441,748$202,885$1,447,223
87$2,052,676$383,327$129,615$1,500,081
88$2,179,460$319,521$51,368$1,557,174
89$2,316,574$249,987$0$1,618,971
90$2,464,991$174,362$0$1,691,483
91$2,625,778$92,264$0$1,779,520
92$2,800,110$3,288$0$1,874,995
93$2,989,279$0$0$1,978,673
94$3,194,705$0$0$2,114,937
95$3,417,951$0$0$2,263,980
96$3,660,736$0$0$2,426,126
97$3,924,951$0$0$2,602,643
98$4,212,676$0$0$2,794,931
99$4,526,202$0$0$3,004,526
100$4,868,048$0$0$3,233,123