Can I retire at age 71 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$68,210$67,603$67,010$66,431$65,866$65,233
2 years$33,767$33,139$32,529$31,938$31,365$30,727
3 years$22,288$21,656$21,048$20,463$19,899$19,276
4 years$16,549$15,920$15,318$14,743$14,192$13,589
5 years$13,107$12,481$11,887$11,324$10,789$10,207
6 years$10,813$10,192$9,607$9,056$8,537$7,978
7 years$9,175$8,559$7,983$7,445$6,943$6,406
8 years$7,947$7,337$6,770$6,246$5,760$5,246
9 years$6,993$6,388$5,831$5,320$4,850$4,359
10 years$6,229$5,631$5,084$4,586$4,133$3,664
11 years$5,605$5,013$4,476$3,991$3,554$3,107
12 years$5,086$4,499$3,972$3,501$3,080$2,654
13 years$4,646$4,066$3,549$3,091$2,686$2,281
14 years$4,270$3,696$3,189$2,743$2,354$1,970
15 years$3,944$3,376$2,879$2,447$2,073$1,708
16 years$3,659$3,098$2,610$2,191$1,832$1,486
17 years$3,408$2,853$2,375$1,968$1,625$1,297
18 years$3,186$2,636$2,168$1,774$1,444$1,135
19 years$2,986$2,443$1,985$1,603$1,287$995
20 years$2,807$2,270$1,822$1,452$1,150$874
21 years$2,646$2,115$1,676$1,317$1,029$769
22 years$2,499$1,974$1,544$1,198$922$678
23 years$2,365$1,846$1,426$1,091$828$598
24 years$2,242$1,730$1,319$995$744$528
25 years$2,130$1,623$1,221$909$670$467
26 years$2,026$1,526$1,133$831$603$413
27 years$1,930$1,436$1,052$761$544$366
28 years$1,841$1,353$978$697$491$324
29 years$1,758$1,276$910$639$443$288
30 years$1,681$1,205$848$586$400$255
31 years$1,610$1,139$790$539$362$226
32 years$1,542$1,078$737$495$327$201
33 years$1,479$1,021$688$455$296$178
34 years$1,420$968$643$419$268$158
35 years$1,364$918$601$386$243$141
36 years$1,312$871$563$355$220$125
37 years$1,262$827$527$327$200$111
38 years$1,216$786$493$302$181$99
39 years$1,171$748$462$278$164$88
40 years$1,129$711$433$256$149$78
41 years$1,089$677$406$237$135$70
42 years$1,052$645$381$218$123$62
43 years$1,016$615$357$202$111$55
44 years$981$586$335$186$101$49
45 years$949$559$315$172$92$44
46 years$918$533$296$159$83$39
47 years$888$508$278$147$76$35
48 years$860$485$261$136$69$31
49 years$832$464$245$125$62$27
50 years$806$443$231$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $826,000, adding $2,000 every year, while hoping to spend $41,855 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: 52/32/16 Blend
70$826,000$826,000$826,000$826,000
71$912,315$868,537$855,734$955,695
72$960,838$866,562$839,868$983,666
73$1,012,907$863,087$822,067$1,009,497
74$1,068,840$857,995$802,223$1,036,666
75$1,128,986$851,161$780,222$1,065,310
76$1,193,728$842,453$755,944$1,095,586
77$1,263,484$831,730$729,265$1,127,666
78$1,338,718$818,843$700,053$1,161,743
79$1,419,936$803,635$668,174$1,198,033
80$1,507,695$785,939$633,484$1,236,775
81$1,602,608$765,578$595,833$1,278,236
82$1,705,348$742,365$555,067$1,322,714
83$1,816,654$716,101$511,023$1,370,539
84$1,937,340$686,578$463,529$1,422,080
85$2,068,301$653,572$412,410$1,477,744
86$2,210,521$616,850$357,478$1,537,986
87$2,365,081$576,163$298,541$1,603,312
88$2,533,173$531,248$235,396$1,674,283
89$2,716,106$481,829$167,831$1,751,520
90$2,915,321$427,611$95,626$1,835,714
91$3,132,405$368,285$18,551$1,927,634
92$3,369,103$303,524$0$2,028,129
93$3,627,335$232,980$0$2,149,018
94$3,909,217$156,290$0$2,284,559
95$4,217,075$73,066$0$2,432,784
96$4,553,472$0$0$2,595,025
97$4,921,228$0$0$2,778,774
98$5,323,450$0$0$3,007,963
99$5,763,556$0$0$3,258,820
100$6,245,312$0$0$3,533,502