Can I retire at age 71 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$68,706$68,094$67,497$66,914$66,345$64,506
2 years$34,013$33,379$32,765$32,170$31,593$29,754
3 years$22,450$21,814$21,201$20,612$20,044$18,262
4 years$16,670$16,035$15,429$14,850$14,295$12,585
5 years$13,202$12,572$11,974$11,406$10,867$9,233
6 years$10,892$10,266$9,677$9,121$8,599$7,042
7 years$9,242$8,621$8,041$7,499$6,993$5,514
8 years$8,005$7,390$6,820$6,291$5,801$4,399
9 years$7,043$6,434$5,874$5,358$4,886$3,558
10 years$6,275$5,672$5,121$4,619$4,163$2,909
11 years$5,646$5,049$4,508$4,020$3,580$2,398
12 years$5,123$4,532$4,001$3,526$3,103$1,990
13 years$4,680$4,095$3,575$3,113$2,705$1,660
14 years$4,301$3,723$3,212$2,763$2,372$1,390
15 years$3,973$3,401$2,900$2,464$2,088$1,169
16 years$3,686$3,120$2,629$2,207$1,845$985
17 years$3,433$2,873$2,392$1,983$1,636$833
18 years$3,209$2,655$2,184$1,787$1,455$705
19 years$3,008$2,461$1,999$1,614$1,297$598
20 years$2,828$2,287$1,835$1,462$1,158$508
21 years$2,665$2,130$1,688$1,327$1,037$432
22 years$2,517$1,988$1,555$1,207$929$368
23 years$2,382$1,860$1,436$1,099$834$313
24 years$2,258$1,742$1,328$1,002$750$267
25 years$2,145$1,635$1,230$915$675$228
26 years$2,041$1,537$1,141$837$608$195
27 years$1,944$1,446$1,060$766$548$166
28 years$1,854$1,363$985$702$494$142
29 years$1,771$1,286$917$644$446$121
30 years$1,694$1,214$854$591$403$104
31 years$1,621$1,148$796$542$365$89
32 years$1,553$1,086$743$499$330$76
33 years$1,490$1,028$693$458$299$65
34 years$1,430$975$648$422$270$55
35 years$1,374$925$606$388$245$47
36 years$1,321$878$567$358$222$41
37 years$1,272$833$530$330$201$35
38 years$1,224$792$497$304$182$30
39 years$1,180$753$465$280$165$25
40 years$1,137$717$436$258$150$22
41 years$1,097$682$409$238$136$19
42 years$1,059$650$384$220$123$16
43 years$1,023$619$360$203$112$14
44 years$989$590$338$187$102$12
45 years$956$563$317$173$92$10
46 years$924$537$298$160$84$9
47 years$894$512$280$148$76$7
48 years$866$489$263$137$69$6
49 years$838$467$247$126$63$5
50 years$812$446$232$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $832,000, adding $3,702 every year, while hoping to spend $36,020 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: 86/5/9 Blend
70$832,000$832,000$832,000$832,000
71$920,683$876,587$863,691$998,507
72$976,267$881,214$854,299$1,054,482
73$1,036,314$884,862$843,386$1,110,678
74$1,101,241$887,442$830,862$1,171,297
75$1,171,505$888,865$816,634$1,236,759
76$1,247,612$889,032$800,604$1,307,528
77$1,330,115$887,841$782,671$1,384,114
78$1,419,623$885,182$762,727$1,467,080
79$1,516,807$880,939$740,661$1,557,043
80$1,622,404$874,987$716,355$1,654,687
81$1,737,225$867,197$689,689$1,760,759
82$1,862,161$857,429$660,532$1,876,089
83$1,998,194$845,536$628,754$2,001,584
84$2,146,405$831,362$594,212$2,138,248
85$2,307,982$814,743$556,762$2,287,186
86$2,484,233$795,502$516,250$2,449,614
87$2,676,598$773,455$472,517$2,626,871
88$2,886,662$748,405$425,398$2,820,435
89$3,116,170$720,145$374,716$3,031,933
90$3,367,041$688,454$320,292$3,263,155
91$3,641,392$653,102$261,935$3,516,077
92$3,941,551$613,840$199,446$3,792,875
93$4,270,081$570,410$132,619$4,095,945
94$4,629,806$522,536$61,238$4,427,928
95$5,023,833$469,928$0$4,791,735
96$5,455,589$412,279$0$5,192,008
97$5,928,841$349,263$0$5,637,215
98$6,447,745$280,539$0$6,125,386
99$7,016,872$205,743$0$6,660,836
100$7,641,262$124,493$0$7,248,322