Can I retire at age 71 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$68,293$67,685$67,091$66,512$65,946$63,682
2 years$33,808$33,179$32,568$31,977$31,403$29,145
3 years$22,315$21,683$21,074$20,488$19,923$17,743
4 years$16,569$15,939$15,336$14,760$14,209$12,123
5 years$13,123$12,496$11,902$11,337$10,802$8,814
6 years$10,826$10,204$9,618$9,067$8,547$6,660
7 years$9,186$8,570$7,993$7,454$6,951$5,165
8 years$7,957$7,346$6,779$6,253$5,767$4,079
9 years$7,001$6,396$5,838$5,326$4,856$3,266
10 years$6,237$5,638$5,090$4,591$4,138$2,642
11 years$5,612$5,019$4,481$3,996$3,559$2,154
12 years$5,092$4,505$3,977$3,505$3,084$1,767
13 years$4,652$4,071$3,553$3,094$2,689$1,457
14 years$4,275$3,700$3,193$2,747$2,357$1,206
15 years$3,949$3,380$2,882$2,450$2,076$1,002
16 years$3,664$3,101$2,613$2,193$1,834$834
17 years$3,413$2,856$2,378$1,971$1,627$697
18 years$3,189$2,639$2,171$1,776$1,446$582
19 years$2,990$2,446$1,987$1,605$1,289$488
20 years$2,811$2,273$1,824$1,453$1,151$409
21 years$2,649$2,117$1,678$1,319$1,030$343
22 years$2,502$1,976$1,546$1,199$924$288
23 years$2,368$1,848$1,428$1,092$829$242
24 years$2,245$1,732$1,320$996$745$204
25 years$2,132$1,625$1,223$910$671$172
26 years$2,028$1,527$1,134$832$604$144
27 years$1,932$1,438$1,053$761$545$122
28 years$1,843$1,355$979$698$491$103
29 years$1,760$1,278$911$640$444$86
30 years$1,683$1,207$849$587$401$73
31 years$1,611$1,141$791$539$362$61
32 years$1,544$1,079$738$496$328$52
33 years$1,481$1,022$689$456$297$44
34 years$1,422$969$644$419$269$37
35 years$1,366$919$602$386$243$31
36 years$1,313$872$563$355$220$26
37 years$1,264$828$527$328$200$22
38 years$1,217$787$494$302$181$19
39 years$1,173$749$463$278$164$16
40 years$1,131$712$434$257$149$13
41 years$1,091$678$406$237$135$11
42 years$1,053$646$381$219$123$9
43 years$1,017$615$358$202$111$8
44 years$983$586$336$186$101$7
45 years$950$559$315$172$92$6
46 years$919$533$296$159$83$5
47 years$889$509$278$147$76$4
48 years$861$486$261$136$69$3
49 years$833$464$246$125$62$3
50 years$807$443$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $827,000, adding $3,776 every year, while hoping to spend $27,998 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: 73/10/17 Blend
70$827,000$827,000$827,000$827,000
71$915,249$871,418$858,599$978,213
72$978,815$884,328$857,573$1,033,388
73$1,047,926$896,932$855,574$1,090,036
74$1,123,118$909,185$852,539$1,151,360
75$1,204,982$921,041$848,405$1,217,818
76$1,294,166$932,448$843,102$1,289,916
77$1,391,384$943,351$836,560$1,368,209
78$1,497,423$953,693$828,702$1,453,310
79$1,613,147$963,412$819,451$1,545,896
80$1,739,510$972,440$808,724$1,646,711
81$1,877,559$980,709$796,435$1,756,576
82$2,028,448$988,142$782,494$1,876,397
83$2,193,449$994,659$766,806$2,007,169
84$2,373,959$1,000,176$749,273$2,149,993
85$2,571,520$1,004,602$729,791$2,306,081
86$2,787,829$1,007,841$708,252$2,476,767
87$3,024,751$1,009,790$684,543$2,663,524
88$3,284,346$1,010,340$658,546$2,867,975
89$3,568,879$1,009,375$630,136$3,091,908
90$3,880,843$1,006,774$599,184$3,337,296
91$4,222,989$1,002,405$565,556$3,606,311
92$4,598,341$996,130$529,110$3,901,349
93$5,010,235$987,803$489,698$4,225,051
94$5,462,341$977,269$447,166$4,580,328
95$5,958,707$964,361$401,352$4,970,389
96$6,503,786$948,906$352,089$5,398,770
97$7,102,488$930,719$299,200$5,869,370
98$7,760,221$909,603$242,502$6,386,486
99$8,482,940$885,350$181,802$6,954,855
100$9,277,209$857,741$116,902$7,579,698