Can I retire at age 71 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$68,788$68,176$67,578$66,994$66,425$65,513
2 years$34,054$33,419$32,805$32,209$31,631$30,714
3 years$22,477$21,840$21,227$20,637$20,068$19,174
4 years$16,690$16,055$15,448$14,867$14,313$13,449
5 years$13,218$12,587$11,988$11,420$10,880$10,050
6 years$10,905$10,278$9,688$9,132$8,609$7,812
7 years$9,253$8,632$8,051$7,508$7,002$6,239
8 years$8,015$7,399$6,828$6,298$5,808$5,079
9 years$7,052$6,442$5,881$5,365$4,892$4,196
10 years$6,282$5,678$5,127$4,625$4,168$3,505
11 years$5,653$5,055$4,514$4,025$3,584$2,954
12 years$5,129$4,537$4,006$3,530$3,106$2,508
13 years$4,686$4,100$3,579$3,117$2,709$2,141
14 years$4,306$3,727$3,216$2,767$2,374$1,837
15 years$3,978$3,405$2,903$2,467$2,091$1,582
16 years$3,691$3,124$2,632$2,209$1,848$1,367
17 years$3,437$2,877$2,395$1,985$1,638$1,185
18 years$3,213$2,658$2,187$1,789$1,457$1,029
19 years$3,012$2,464$2,002$1,616$1,298$896
20 years$2,831$2,289$1,837$1,464$1,160$781
21 years$2,668$2,133$1,690$1,329$1,038$683
22 years$2,520$1,991$1,557$1,208$930$597
23 years$2,385$1,862$1,438$1,100$835$523
24 years$2,261$1,744$1,330$1,003$751$458
25 years$2,148$1,637$1,232$916$675$402
26 years$2,043$1,539$1,142$838$608$353
27 years$1,946$1,448$1,061$767$549$310
28 years$1,857$1,364$986$703$495$272
29 years$1,773$1,287$918$644$447$239
30 years$1,696$1,216$855$591$404$211
31 years$1,623$1,149$797$543$365$185
32 years$1,555$1,087$744$499$330$163
33 years$1,492$1,030$694$459$299$144
34 years$1,432$976$649$422$271$127
35 years$1,376$926$606$389$245$112
36 years$1,323$879$567$358$222$98
37 years$1,273$834$531$330$201$87
38 years$1,226$793$497$304$182$76
39 years$1,181$754$466$280$165$67
40 years$1,139$717$437$259$150$59
41 years$1,099$683$409$239$136$52
42 years$1,061$650$384$220$124$46
43 years$1,024$620$360$203$112$41
44 years$990$591$338$188$102$36
45 years$957$563$318$173$92$32
46 years$925$537$298$160$84$28
47 years$895$513$280$148$76$25
48 years$867$490$263$137$69$22
49 years$839$467$248$126$63$19
50 years$813$447$233$117$57$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $833,000, adding $5,745 every year, while hoping to spend $25,698 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: 43/36/21 Blend
70$833,000$833,000$833,000$833,000
71$923,892$879,743$866,831$957,748
72$990,786$895,508$868,528$998,049
73$1,063,643$911,184$869,420$1,038,745
74$1,143,042$926,740$869,453$1,082,312
75$1,229,624$942,142$868,571$1,129,027
76$1,324,092$957,353$866,715$1,179,198
77$1,427,220$972,334$863,821$1,233,162
78$1,539,862$987,044$859,824$1,291,295
79$1,662,956$1,001,437$854,656$1,354,009
80$1,797,535$1,015,465$848,245$1,421,761
81$1,944,738$1,029,077$840,515$1,495,052
82$2,105,816$1,042,217$831,387$1,574,440
83$2,282,151$1,054,826$820,780$1,660,538
84$2,475,259$1,066,842$808,605$1,754,023
85$2,686,816$1,078,197$794,773$1,855,643
86$2,918,662$1,088,820$779,189$1,966,223
87$3,172,826$1,098,633$761,753$2,086,674
88$3,451,544$1,107,556$742,362$2,218,003
89$3,757,277$1,115,501$720,906$2,361,318
90$4,092,735$1,122,377$697,272$2,517,845
91$4,460,905$1,128,084$671,341$2,688,936
92$4,865,075$1,132,518$642,989$2,876,084
93$5,308,869$1,135,568$612,086$3,080,935
94$5,796,278$1,137,115$578,495$3,305,306
95$6,331,699$1,137,034$542,075$3,551,202
96$6,919,975$1,135,192$502,678$3,820,837
97$7,566,443$1,131,446$460,147$4,116,651
98$8,276,979$1,125,646$414,322$4,441,338
99$9,058,062$1,117,633$365,032$4,797,870
100$9,916,825$1,107,238$312,101$5,189,527