Can I retire at age 71 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$67,797$67,194$66,604$66,029$65,468$64,067
2 years$33,563$32,938$32,332$31,745$31,175$29,771
3 years$22,153$21,525$20,921$20,339$19,779$18,415
4 years$16,449$15,823$15,225$14,653$14,106$12,793
5 years$13,028$12,406$11,815$11,255$10,723$9,465
6 years$10,748$10,130$9,549$9,001$8,485$7,282
7 years$9,120$8,507$7,935$7,400$6,901$5,754
8 years$7,899$7,292$6,729$6,208$5,725$4,633
9 years$6,950$6,349$5,796$5,288$4,821$3,784
10 years$6,192$5,597$5,053$4,558$4,108$3,125
11 years$5,571$4,982$4,449$3,967$3,533$2,602
12 years$5,055$4,472$3,948$3,479$3,061$2,182
13 years$4,618$4,041$3,527$3,072$2,670$1,840
14 years$4,244$3,673$3,169$2,727$2,340$1,558
15 years$3,920$3,356$2,862$2,432$2,061$1,325
16 years$3,637$3,079$2,594$2,177$1,821$1,130
17 years$3,388$2,835$2,361$1,956$1,615$966
18 years$3,166$2,620$2,155$1,763$1,436$827
19 years$2,968$2,428$1,973$1,593$1,280$710
20 years$2,790$2,256$1,811$1,443$1,143$611
21 years$2,630$2,102$1,665$1,310$1,023$526
22 years$2,484$1,962$1,535$1,191$917$453
23 years$2,350$1,835$1,417$1,084$823$391
24 years$2,229$1,719$1,311$989$740$338
25 years$2,117$1,613$1,214$903$666$292
26 years$2,014$1,516$1,126$826$600$252
27 years$1,918$1,427$1,045$756$541$218
28 years$1,830$1,345$972$693$488$189
29 years$1,748$1,269$904$635$440$164
30 years$1,671$1,198$842$583$398$142
31 years$1,600$1,133$785$535$360$123
32 years$1,533$1,072$733$492$325$106
33 years$1,470$1,015$684$452$295$92
34 years$1,411$962$639$416$267$80
35 years$1,356$912$598$383$242$69
36 years$1,304$866$559$353$219$60
37 years$1,255$822$523$325$198$52
38 years$1,208$782$490$300$180$45
39 years$1,164$743$459$276$163$39
40 years$1,122$707$430$255$148$34
41 years$1,083$673$404$235$134$30
42 years$1,045$641$379$217$122$26
43 years$1,009$611$355$200$111$22
44 years$975$582$333$185$100$19
45 years$943$555$313$171$91$17
46 years$912$530$294$158$83$15
47 years$883$505$276$146$75$13
48 years$854$482$260$135$68$11
49 years$827$461$244$125$62$10
50 years$802$440$229$115$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $821,000, adding $2,326 every year, while hoping to spend $31,339 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: 75/16/9 Blend
70$821,000$821,000$821,000$821,000
71$907,141$863,628$850,903$973,641
72$966,325$872,602$846,064$1,026,735
73$1,030,496$880,964$840,012$1,080,704
74$1,100,128$888,653$832,674$1,138,958
75$1,175,745$895,601$823,973$1,201,910
76$1,257,923$901,737$813,827$1,270,016
77$1,347,293$906,985$802,153$1,343,780
78$1,444,553$911,263$788,861$1,423,754
79$1,550,468$914,485$773,858$1,510,548
80$1,665,881$916,561$757,048$1,604,836
81$1,791,720$917,392$738,329$1,707,358
82$1,929,007$916,875$717,594$1,818,931
83$2,078,864$914,901$694,732$1,940,456
84$2,242,530$911,352$669,627$2,072,924
85$2,421,365$906,106$642,156$2,217,428
86$2,616,870$899,030$612,194$2,375,176
87$2,830,694$889,987$579,607$2,547,495
88$3,064,657$878,827$544,255$2,735,849
89$3,320,758$865,396$505,994$2,941,854
90$3,601,202$849,527$464,671$3,167,290
91$3,908,415$831,045$420,129$3,414,117
92$4,245,071$809,764$372,201$3,684,499
93$4,614,113$785,487$320,714$3,980,819
94$5,018,783$758,006$265,488$4,305,705
95$5,462,651$727,100$206,333$4,662,054
96$5,949,649$692,536$143,054$5,053,058
97$6,484,111$654,068$75,444$5,482,239
98$7,070,807$611,434$3,288$5,953,475
99$7,714,993$564,358$0$6,471,044
100$8,422,460$512,549$0$7,046,740