Can I retire at age 71 with 835,000?

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 $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%14.4%
1 years$68,954$68,339$67,740$67,155$66,584$65,373
2 years$34,135$33,500$32,884$32,286$31,707$30,491
3 years$22,531$21,892$21,278$20,686$20,116$18,934
4 years$16,730$16,093$15,485$14,903$14,347$13,207
5 years$13,250$12,617$12,017$11,447$10,906$9,812
6 years$10,931$10,303$9,711$9,154$8,630$7,582
7 years$9,275$8,652$8,070$7,526$7,018$6,018
8 years$8,034$7,417$6,844$6,314$5,822$4,868
9 years$7,069$6,458$5,895$5,378$4,903$3,996
10 years$6,297$5,692$5,139$4,636$4,178$3,315
11 years$5,666$5,067$4,525$4,034$3,593$2,775
12 years$5,141$4,548$4,015$3,539$3,114$2,339
13 years$4,697$4,110$3,588$3,124$2,715$1,983
14 years$4,317$3,736$3,223$2,773$2,380$1,688
15 years$3,987$3,413$2,910$2,473$2,096$1,443
16 years$3,699$3,131$2,639$2,215$1,852$1,238
17 years$3,446$2,884$2,401$1,990$1,642$1,064
18 years$3,220$2,665$2,192$1,793$1,460$917
19 years$3,019$2,470$2,007$1,620$1,302$792
20 years$2,838$2,295$1,841$1,467$1,163$685
21 years$2,674$2,138$1,694$1,332$1,040$593
22 years$2,526$1,995$1,561$1,211$933$515
23 years$2,390$1,866$1,441$1,103$837$447
24 years$2,267$1,749$1,333$1,006$752$388
25 years$2,153$1,641$1,235$919$677$338
26 years$2,048$1,542$1,145$840$610$294
27 years$1,951$1,451$1,063$769$550$256
28 years$1,861$1,368$989$704$496$223
29 years$1,778$1,290$920$646$448$194
30 years$1,700$1,218$857$593$405$169
31 years$1,627$1,152$799$544$366$148
32 years$1,559$1,090$745$500$331$129
33 years$1,495$1,032$696$460$300$112
34 years$1,436$978$650$423$271$98
35 years$1,379$928$608$390$246$86
36 years$1,326$881$569$359$223$75
37 years$1,276$836$532$331$202$65
38 years$1,229$795$498$305$183$57
39 years$1,184$756$467$281$166$50
40 years$1,142$719$438$259$150$44
41 years$1,101$685$410$239$136$38
42 years$1,063$652$385$221$124$33
43 years$1,027$621$361$204$112$29
44 years$992$592$339$188$102$25
45 years$959$565$318$174$93$22
46 years$928$539$299$160$84$19
47 years$898$514$281$148$76$17
48 years$869$491$264$137$69$15
49 years$842$469$248$127$63$13
50 years$815$448$233$117$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $835,000, adding $6,737 every year, while hoping to spend $52,080 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: 62/17/21 Blend
70$835,000$835,000$835,000$835,000
71$927,119$882,864$869,922$979,143
72$966,273$870,712$843,651$1,002,928
73$1,007,674$856,219$814,755$1,022,496
74$1,051,498$839,215$783,091$1,042,675
75$1,097,935$819,520$748,509$1,063,531
76$1,147,193$796,945$710,852$1,085,138
77$1,199,499$771,288$669,958$1,107,580
78$1,255,102$742,335$625,656$1,130,952
79$1,314,274$709,861$577,767$1,155,362
80$1,377,313$673,627$526,105$1,180,929
81$1,444,545$633,380$470,475$1,207,789
82$1,516,326$588,854$410,674$1,236,095
83$1,593,050$539,766$346,490$1,266,019
84$1,675,144$485,818$277,700$1,297,751
85$1,763,079$426,693$204,074$1,331,508
86$1,857,371$362,059$125,368$1,367,530
87$1,958,586$291,564$41,332$1,406,085
88$2,067,346$214,835$0$1,447,477
89$2,184,333$131,479$0$1,502,874
90$2,310,295$41,081$0$1,572,406
91$2,446,054$0$0$1,647,285
92$2,592,514$0$0$1,738,671
93$2,750,668$0$0$1,845,700
94$2,921,605$0$0$1,961,431
95$3,106,525$0$0$2,086,681
96$3,306,744$0$0$2,222,351
97$3,523,711$0$0$2,369,428
98$3,759,019$0$0$2,528,999
99$4,014,419$0$0$2,702,260
100$4,291,837$0$0$2,890,525