Can I retire at age 71 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$67,715$67,112$66,523$65,949$65,388$64,517
2 years$33,522$32,898$32,293$31,706$31,137$30,261
3 years$22,126$21,499$20,896$20,314$19,755$18,901
4 years$16,429$15,804$15,207$14,635$14,089$13,264
5 years$13,012$12,391$11,801$11,241$10,710$9,917
6 years$10,735$10,118$9,537$8,990$8,475$7,713
7 years$9,108$8,497$7,925$7,391$6,892$6,163
8 years$7,889$7,283$6,721$6,200$5,718$5,020
9 years$6,942$6,342$5,789$5,281$4,815$4,150
10 years$6,184$5,590$5,047$4,552$4,103$3,469
11 years$5,565$4,976$4,443$3,962$3,529$2,925
12 years$5,049$4,466$3,943$3,475$3,058$2,485
13 years$4,613$4,036$3,523$3,068$2,666$2,123
14 years$4,239$3,669$3,165$2,723$2,337$1,822
15 years$3,916$3,352$2,858$2,429$2,058$1,571
16 years$3,633$3,075$2,591$2,175$1,819$1,358
17 years$3,384$2,832$2,358$1,954$1,613$1,178
18 years$3,162$2,617$2,152$1,761$1,434$1,024
19 years$2,965$2,425$1,970$1,591$1,278$892
20 years$2,787$2,254$1,808$1,441$1,142$779
21 years$2,626$2,099$1,663$1,308$1,022$681
22 years$2,480$1,960$1,533$1,189$916$596
23 years$2,348$1,833$1,416$1,083$822$522
24 years$2,226$1,717$1,309$988$739$458
25 years$2,114$1,611$1,212$902$665$402
26 years$2,011$1,515$1,125$825$599$353
27 years$1,916$1,425$1,044$755$540$310
28 years$1,828$1,343$971$692$487$273
29 years$1,746$1,267$903$634$440$240
30 years$1,669$1,197$841$582$398$212
31 years$1,598$1,131$784$535$359$186
32 years$1,531$1,070$732$491$325$164
33 years$1,468$1,014$683$452$294$145
34 years$1,410$961$639$416$266$128
35 years$1,354$911$597$383$241$113
36 years$1,302$865$558$352$219$99
37 years$1,253$821$523$325$198$88
38 years$1,207$781$489$299$180$77
39 years$1,163$742$459$276$163$68
40 years$1,121$706$430$255$148$60
41 years$1,082$672$403$235$134$53
42 years$1,044$640$378$217$122$47
43 years$1,008$610$355$200$110$41
44 years$974$581$333$185$100$37
45 years$942$555$313$171$91$32
46 years$911$529$294$158$83$28
47 years$882$505$276$146$75$25
48 years$853$482$259$135$68$22
49 years$826$460$244$124$62$20
50 years$801$440$229$115$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $820,000, adding $5,474 every year, while hoping to spend $40,908 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: 71/21/8 Blend
70$820,000$820,000$820,000$820,000
71$909,286$865,826$853,116$972,230
72$958,508$864,726$838,170$1,013,463
73$1,011,379$862,201$821,352$1,053,000
74$1,068,228$858,138$802,556$1,095,152
75$1,129,418$852,416$781,672$1,140,166
76$1,195,344$844,910$758,583$1,188,313
77$1,266,442$835,484$733,169$1,239,897
78$1,343,191$823,995$705,302$1,295,249
79$1,426,117$810,291$674,850$1,354,736
80$1,515,798$794,213$641,675$1,418,765
81$1,612,870$775,589$605,631$1,487,783
82$1,718,030$754,240$566,567$1,562,285
83$1,832,047$729,976$524,325$1,642,816
84$1,955,765$702,594$478,740$1,729,979
85$2,090,113$671,882$429,637$1,824,440
86$2,236,113$637,612$376,839$1,926,934
87$2,394,888$599,547$320,154$2,038,271
88$2,567,676$557,433$259,388$2,159,349
89$2,755,835$511,004$194,334$2,291,154
90$2,960,864$459,977$124,778$2,434,779
91$3,184,409$404,053$50,495$2,591,429
92$3,428,285$342,917$0$2,762,434
93$3,694,487$276,237$0$2,951,719
94$3,985,211$203,659$0$3,163,206
95$4,302,877$124,813$0$3,394,393
96$4,650,147$39,305$0$3,647,274
97$5,029,952$0$0$3,924,054
98$5,445,520$0$0$4,239,472
99$5,900,405$0$0$4,594,715
100$6,398,521$0$0$4,983,762