Can I retire at age 71 with 829,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$68,458$67,848$67,253$66,673$66,106$64,984
2 years$33,890$33,259$32,647$32,054$31,479$30,352
3 years$22,369$21,735$21,125$20,537$19,971$18,875
4 years$16,610$15,978$15,374$14,796$14,244$13,186
5 years$13,155$12,527$11,930$11,365$10,828$9,812
6 years$10,852$10,229$9,642$9,089$8,568$7,594
7 years$9,208$8,590$8,012$7,472$6,968$6,037
8 years$7,976$7,363$6,795$6,268$5,781$4,893
9 years$7,018$6,411$5,853$5,339$4,868$4,023
10 years$6,252$5,651$5,102$4,602$4,148$3,344
11 years$5,626$5,031$4,492$4,005$3,567$2,804
12 years$5,104$4,515$3,987$3,513$3,091$2,368
13 years$4,663$4,081$3,562$3,102$2,696$2,011
14 years$4,286$3,709$3,200$2,753$2,363$1,716
15 years$3,959$3,388$2,889$2,456$2,081$1,470
16 years$3,673$3,109$2,620$2,199$1,839$1,263
17 years$3,421$2,863$2,384$1,975$1,630$1,089
18 years$3,197$2,646$2,176$1,780$1,450$940
19 years$2,997$2,452$1,992$1,609$1,292$814
20 years$2,818$2,278$1,828$1,457$1,154$706
21 years$2,655$2,122$1,682$1,322$1,033$613
22 years$2,508$1,981$1,550$1,202$926$532
23 years$2,373$1,853$1,431$1,095$831$463
24 years$2,250$1,736$1,323$999$747$404
25 years$2,137$1,629$1,226$912$672$352
26 years$2,033$1,531$1,137$834$605$307
27 years$1,937$1,441$1,056$763$546$268
28 years$1,848$1,358$981$699$493$234
29 years$1,765$1,281$913$641$445$204
30 years$1,687$1,210$851$589$402$179
31 years$1,615$1,144$793$541$363$156
32 years$1,548$1,082$740$497$329$137
33 years$1,485$1,025$691$457$297$119
34 years$1,425$971$646$420$269$105
35 years$1,369$921$604$387$244$91
36 years$1,317$874$565$356$221$80
37 years$1,267$830$528$328$200$70
38 years$1,220$789$495$303$182$61
39 years$1,176$750$464$279$165$54
40 years$1,133$714$435$257$149$47
41 years$1,093$680$407$237$136$41
42 years$1,055$647$382$219$123$36
43 years$1,019$617$359$202$112$32
44 years$985$588$337$187$101$28
45 years$952$561$316$173$92$24
46 years$921$535$297$159$83$21
47 years$891$510$279$147$76$19
48 years$863$487$262$136$69$16
49 years$835$465$246$126$63$14
50 years$809$444$232$116$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $829,000, adding $6,677 every year, while hoping to spend $46,399 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: 60/19/21 Blend
70$829,000$829,000$829,000$829,000
71$920,445$876,508$863,659$970,205
72$964,963$870,089$843,223$998,288
73$1,012,465$861,800$820,548$1,023,244
74$1,063,210$851,501$795,509$1,049,433
75$1,117,475$839,043$767,977$1,076,983
76$1,175,569$824,267$737,815$1,106,036
77$1,237,828$807,007$704,883$1,136,751
78$1,304,621$787,085$669,031$1,169,304
79$1,376,354$764,314$630,105$1,203,892
80$1,453,472$738,495$587,943$1,240,735
81$1,536,462$709,418$542,376$1,280,078
82$1,625,862$676,860$493,226$1,322,193
83$1,722,260$640,586$440,310$1,367,381
84$1,826,303$600,348$383,433$1,415,980
85$1,938,703$555,881$322,394$1,468,363
86$2,060,240$506,909$256,984$1,524,947
87$2,191,773$453,136$186,981$1,586,192
88$2,334,246$394,252$112,158$1,652,612
89$2,488,697$329,928$32,273$1,724,775
90$2,656,268$259,818$0$1,803,313
91$2,838,213$183,555$0$1,900,797
92$3,035,913$100,751$0$2,014,621
93$3,250,887$10,999$0$2,138,470
94$3,484,805$0$0$2,273,361
95$3,739,506$0$0$2,438,428
96$4,017,014$0$0$2,620,841
97$4,319,553$0$0$2,819,771
98$4,649,575$0$0$3,036,837
99$5,009,776$0$0$3,273,822
100$5,403,125$0$0$3,532,687