Can I retire at age 71 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$67,632$67,030$66,442$65,868$65,308$64,465
2 years$33,481$32,858$32,253$31,667$31,099$30,251
3 years$22,099$21,473$20,870$20,290$19,731$18,904
4 years$16,409$15,785$15,188$14,618$14,072$13,273
5 years$12,996$12,376$11,787$11,228$10,697$9,928
6 years$10,721$10,106$9,525$8,979$8,464$7,726
7 years$9,097$8,487$7,916$7,382$6,884$6,177
8 years$7,880$7,275$6,713$6,193$5,711$5,035
9 years$6,933$6,334$5,782$5,275$4,809$4,164
10 years$6,177$5,583$5,041$4,547$4,098$3,483
11 years$5,558$4,970$4,438$3,957$3,524$2,939
12 years$5,043$4,461$3,938$3,471$3,054$2,498
13 years$4,607$4,031$3,519$3,064$2,663$2,135
14 years$4,234$3,664$3,162$2,720$2,335$1,834
15 years$3,911$3,348$2,855$2,426$2,055$1,582
16 years$3,628$3,071$2,588$2,172$1,817$1,369
17 years$3,380$2,829$2,355$1,952$1,611$1,188
18 years$3,159$2,614$2,150$1,759$1,432$1,034
19 years$2,961$2,422$1,968$1,589$1,277$901
20 years$2,784$2,251$1,806$1,439$1,140$787
21 years$2,623$2,097$1,661$1,306$1,020$689
22 years$2,477$1,957$1,531$1,188$915$603
23 years$2,345$1,831$1,414$1,082$821$529
24 years$2,223$1,715$1,308$987$738$464
25 years$2,112$1,610$1,211$901$664$408
26 years$2,009$1,513$1,123$824$598$359
27 years$1,914$1,424$1,043$754$539$316
28 years$1,825$1,341$970$691$487$278
29 years$1,743$1,266$902$634$439$245
30 years$1,667$1,195$840$581$397$216
31 years$1,596$1,130$783$534$359$190
32 years$1,529$1,069$731$491$325$168
33 years$1,467$1,012$683$451$294$148
34 years$1,408$960$638$415$266$130
35 years$1,353$910$596$382$241$115
36 years$1,301$864$558$352$218$102
37 years$1,252$820$522$324$198$90
38 years$1,205$780$489$299$179$79
39 years$1,161$741$458$276$163$70
40 years$1,120$705$429$254$148$62
41 years$1,080$671$403$235$134$55
42 years$1,043$639$378$216$121$48
43 years$1,007$609$354$200$110$43
44 years$973$581$333$185$100$38
45 years$941$554$312$170$91$33
46 years$910$528$293$157$82$29
47 years$880$504$276$145$75$26
48 years$852$481$259$134$68$23
49 years$825$460$243$124$62$20
50 years$800$439$229$115$56$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $819,000, adding $3,660 every year, while hoping to spend $22,589 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: 70/10/20 Blend
70$819,000$819,000$819,000$819,000
71$906,313$862,906$850,212$965,074
72$974,723$881,154$854,659$1,022,987
73$1,049,353$899,539$858,499$1,083,342
74$1,130,814$918,044$861,686$1,148,846
75$1,219,779$936,650$864,174$1,220,007
76$1,316,988$955,337$865,915$1,297,382
77$1,423,254$974,082$866,857$1,381,589
78$1,539,476$992,862$866,947$1,473,304
79$1,666,641$1,011,650$866,128$1,573,276
80$1,805,835$1,030,419$864,340$1,682,328
81$1,958,258$1,049,136$861,522$1,801,368
82$2,125,226$1,067,770$857,610$1,931,396
83$2,308,193$1,086,284$852,533$2,073,516
84$2,508,757$1,104,641$846,222$2,228,941
85$2,728,681$1,122,799$838,601$2,399,010
86$2,969,904$1,140,713$829,591$2,585,201
87$3,234,562$1,158,337$819,111$2,789,138
88$3,525,011$1,175,619$807,075$3,012,615
89$3,843,842$1,192,503$793,391$3,257,607
90$4,193,910$1,208,933$777,967$3,526,291
91$4,578,363$1,224,845$760,702$3,821,069
92$5,000,665$1,240,171$741,495$4,144,583
93$5,464,634$1,254,841$720,236$4,499,750
94$5,974,476$1,268,777$696,813$4,889,783
95$6,534,824$1,281,898$671,108$5,318,223
96$7,150,782$1,294,117$642,996$5,788,973
97$7,827,974$1,305,342$612,349$6,306,334
98$8,572,596$1,315,472$579,031$6,875,047
99$9,391,474$1,324,403$542,902$7,500,339
100$10,292,128$1,332,023$503,813$8,187,969