Can I retire at age 71 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$68,871$68,257$67,659$67,075$66,504$66,168
2 years$34,095$33,460$32,844$32,247$31,669$31,330
3 years$22,504$21,866$21,252$20,661$20,092$19,760
4 years$16,710$16,074$15,466$14,885$14,330$14,008
5 years$13,234$12,602$12,002$11,433$10,893$10,583
6 years$10,918$10,291$9,700$9,143$8,619$8,320
7 years$9,264$8,642$8,061$7,517$7,010$6,722
8 years$8,024$7,408$6,836$6,306$5,815$5,539
9 years$7,060$6,450$5,888$5,371$4,897$4,632
10 years$6,290$5,685$5,133$4,630$4,173$3,919
11 years$5,660$5,061$4,519$4,030$3,589$3,346
12 years$5,135$4,543$4,011$3,535$3,110$2,878
13 years$4,691$4,105$3,583$3,120$2,712$2,491
14 years$4,311$3,732$3,220$2,770$2,377$2,167
15 years$3,982$3,409$2,907$2,470$2,093$1,893
16 years$3,695$3,128$2,635$2,212$1,850$1,659
17 years$3,441$2,880$2,398$1,987$1,640$1,459
18 years$3,216$2,662$2,189$1,791$1,458$1,287
19 years$3,015$2,467$2,004$1,618$1,300$1,137
20 years$2,835$2,292$1,839$1,466$1,161$1,007
21 years$2,671$2,135$1,692$1,330$1,039$894
22 years$2,523$1,993$1,559$1,209$931$794
23 years$2,388$1,864$1,440$1,102$836$706
24 years$2,264$1,746$1,331$1,005$751$629
25 years$2,150$1,639$1,233$918$676$561
26 years$2,045$1,540$1,144$839$609$501
27 years$1,949$1,450$1,062$768$549$447
28 years$1,859$1,366$987$704$496$400
29 years$1,775$1,289$919$645$447$358
30 years$1,698$1,217$856$592$404$320
31 years$1,625$1,151$798$544$366$286
32 years$1,557$1,089$744$500$331$257
33 years$1,494$1,031$695$460$299$230
34 years$1,434$977$649$423$271$206
35 years$1,378$927$607$389$245$185
36 years$1,325$880$568$358$222$166
37 years$1,275$835$532$330$202$149
38 years$1,227$794$498$304$183$134
39 years$1,183$755$466$281$166$120
40 years$1,140$718$437$259$150$108
41 years$1,100$684$410$239$136$97
42 years$1,062$651$385$220$124$87
43 years$1,025$620$361$204$112$78
44 years$991$591$339$188$102$70
45 years$958$564$318$174$93$63
46 years$927$538$299$160$84$57
47 years$897$513$281$148$76$51
48 years$868$490$264$137$69$46
49 years$840$468$248$126$63$41
50 years$814$447$233$117$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $834,000, adding $6,208 every year, while hoping to spend $57,367 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: 38/47/15 Blend
70$834,000$834,000$834,000$834,000
71$925,472$881,270$868,343$956,230
72$958,832$863,414$836,394$960,949
73$993,672$842,760$801,452$960,068
74$1,030,082$819,111$763,357$957,882
75$1,068,161$792,258$721,940$954,305
76$1,108,013$761,979$677,025$949,243
77$1,149,754$728,039$628,429$942,601
78$1,193,507$690,192$575,959$934,279
79$1,239,407$648,173$519,416$924,173
80$1,287,600$601,707$458,590$912,175
81$1,338,245$550,500$393,262$898,173
82$1,391,513$494,242$323,204$882,052
83$1,447,593$432,606$248,177$863,692
84$1,506,689$365,244$167,932$842,968
85$1,569,023$291,793$82,209$819,755
86$1,634,837$211,865$0$793,920
87$1,704,397$125,053$0$766,814
88$1,777,990$30,925$0$750,954
89$1,855,931$0$0$733,076
90$1,938,565$0$0$749,792
91$2,026,268$0$0$784,565
92$2,119,450$0$0$821,572
93$2,218,561$0$0$860,998
94$2,324,094$0$0$903,047
95$2,436,588$0$0$947,944
96$2,556,632$0$0$995,933
97$2,684,873$0$0$1,047,283
98$2,822,020$0$0$1,102,288
99$2,968,849$0$0$1,161,271
100$3,126,214$0$0$1,224,587