Can I retire at age 71 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$68,954$68,339$67,740$67,155$66,584$65,698
2 years$34,135$33,500$32,884$32,286$31,707$30,815
3 years$22,531$21,892$21,278$20,686$20,116$19,247
4 years$16,730$16,093$15,485$14,903$14,347$13,507
5 years$13,250$12,617$12,017$11,447$10,906$10,098
6 years$10,931$10,303$9,711$9,154$8,630$7,854
7 years$9,275$8,652$8,070$7,526$7,018$6,275
8 years$8,034$7,417$6,844$6,314$5,822$5,112
9 years$7,069$6,458$5,895$5,378$4,903$4,226
10 years$6,297$5,692$5,139$4,636$4,178$3,532
11 years$5,666$5,067$4,525$4,034$3,593$2,979
12 years$5,141$4,548$4,015$3,539$3,114$2,530
13 years$4,697$4,110$3,588$3,124$2,715$2,162
14 years$4,317$3,736$3,223$2,773$2,380$1,856
15 years$3,987$3,413$2,910$2,473$2,096$1,599
16 years$3,699$3,131$2,639$2,215$1,852$1,383
17 years$3,446$2,884$2,401$1,990$1,642$1,199
18 years$3,220$2,665$2,192$1,793$1,460$1,043
19 years$3,019$2,470$2,007$1,620$1,302$908
20 years$2,838$2,295$1,841$1,467$1,163$793
21 years$2,674$2,138$1,694$1,332$1,040$693
22 years$2,526$1,995$1,561$1,211$933$607
23 years$2,390$1,866$1,441$1,103$837$531
24 years$2,267$1,749$1,333$1,006$752$466
25 years$2,153$1,641$1,235$919$677$409
26 years$2,048$1,542$1,145$840$610$360
27 years$1,951$1,451$1,063$769$550$316
28 years$1,861$1,368$989$704$496$278
29 years$1,778$1,290$920$646$448$245
30 years$1,700$1,218$857$593$405$215
31 years$1,627$1,152$799$544$366$190
32 years$1,559$1,090$745$500$331$167
33 years$1,495$1,032$696$460$300$147
34 years$1,436$978$650$423$271$130
35 years$1,379$928$608$390$246$115
36 years$1,326$881$569$359$223$101
37 years$1,276$836$532$331$202$89
38 years$1,229$795$498$305$183$79
39 years$1,184$756$467$281$166$69
40 years$1,142$719$438$259$150$61
41 years$1,101$685$410$239$136$54
42 years$1,063$652$385$221$124$48
43 years$1,027$621$361$204$112$42
44 years$992$592$339$188$102$37
45 years$959$565$318$174$93$33
46 years$928$539$299$160$84$29
47 years$898$514$281$148$76$26
48 years$869$491$264$137$69$23
49 years$842$469$248$127$63$20
50 years$815$448$233$117$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $835,000, adding $2,291 every year, while hoping to spend $39,745 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: 40/41/19 Blend
70$835,000$835,000$835,000$835,000
71$922,533$878,278$865,336$954,154
72$974,343$879,025$852,036$977,705
73$1,030,106$878,477$836,959$999,178
74$1,090,182$876,528$820,002$1,021,584
75$1,154,969$873,066$801,061$1,045,029
76$1,224,902$867,973$780,022$1,069,632
77$1,300,460$861,121$756,771$1,095,527
78$1,382,169$852,379$731,186$1,122,865
79$1,470,609$841,604$703,139$1,151,815
80$1,566,414$828,645$672,497$1,182,567
81$1,670,284$813,345$639,121$1,215,334
82$1,782,988$795,534$602,867$1,250,352
83$1,905,371$775,033$563,581$1,287,890
84$2,038,364$751,655$521,106$1,328,243
85$2,182,989$725,198$475,275$1,371,746
86$2,340,372$695,451$425,915$1,418,768
87$2,511,752$662,190$372,846$1,469,724
88$2,698,492$625,178$315,877$1,525,077
89$2,902,091$584,165$254,812$1,585,340
90$3,124,201$538,885$189,444$1,651,087
91$3,366,637$489,059$119,559$1,722,957
92$3,631,401$434,390$44,931$1,801,660
93$3,920,694$374,565$0$1,887,985
94$4,236,940$309,253$0$1,989,848
95$4,582,807$238,106$0$2,111,366
96$4,961,235$160,754$0$2,244,558
97$5,375,457$76,808$0$2,390,681
98$5,829,039$0$0$2,551,128
99$6,325,902$0$0$2,733,824
100$6,870,367$0$0$2,972,104