Can I retire at age 71 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$69,036$68,421$67,821$67,236$66,664$65,885
2 years$34,176$33,540$32,923$32,325$31,745$30,961
3 years$22,558$21,919$21,303$20,711$20,140$19,376
4 years$16,750$16,113$15,503$14,921$14,364$13,625
5 years$13,266$12,632$12,031$11,461$10,919$10,208
6 years$10,944$10,315$9,723$9,165$8,640$7,956
7 years$9,286$8,663$8,080$7,535$7,027$6,371
8 years$8,043$7,426$6,852$6,321$5,829$5,202
9 years$7,077$6,465$5,902$5,384$4,909$4,310
10 years$6,305$5,699$5,145$4,641$4,183$3,612
11 years$5,673$5,073$4,530$4,039$3,597$3,054
12 years$5,147$4,554$4,020$3,543$3,117$2,600
13 years$4,703$4,115$3,592$3,128$2,718$2,227
14 years$4,322$3,741$3,227$2,777$2,383$1,917
15 years$3,992$3,417$2,914$2,476$2,098$1,657
16 years$3,704$3,135$2,642$2,217$1,854$1,437
17 years$3,450$2,887$2,404$1,992$1,644$1,250
18 years$3,224$2,668$2,194$1,795$1,462$1,089
19 years$3,023$2,473$2,009$1,622$1,303$952
20 years$2,841$2,298$1,844$1,469$1,164$833
21 years$2,678$2,140$1,696$1,333$1,042$730
22 years$2,529$1,998$1,563$1,212$934$641
23 years$2,393$1,869$1,443$1,104$838$564
24 years$2,269$1,751$1,335$1,007$753$496
25 years$2,155$1,643$1,236$920$678$437
26 years$2,050$1,544$1,146$841$611$385
27 years$1,953$1,453$1,065$770$550$339
28 years$1,863$1,369$990$705$497$300
29 years$1,780$1,292$921$647$449$265
30 years$1,702$1,220$858$594$405$234
31 years$1,629$1,153$800$545$366$207
32 years$1,561$1,091$746$501$331$183
33 years$1,497$1,033$697$461$300$161
34 years$1,437$979$651$424$272$143
35 years$1,381$929$609$390$246$126
36 years$1,328$882$569$359$223$112
37 years$1,278$837$533$331$202$99
38 years$1,230$796$499$305$183$88
39 years$1,185$757$468$281$166$78
40 years$1,143$720$438$260$151$69
41 years$1,103$685$411$239$137$61
42 years$1,064$653$385$221$124$54
43 years$1,028$622$362$204$113$48
44 years$993$593$340$188$102$42
45 years$960$565$319$174$93$37
46 years$929$539$299$161$84$33
47 years$899$515$281$148$76$29
48 years$870$491$264$137$69$26
49 years$843$469$248$127$63$23
50 years$816$448$234$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $836,000, adding $3,038 every year, while hoping to spend $20,610 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: 72/5/23 Blend
70$836,000$836,000$836,000$836,000
71$924,406$880,098$867,140$985,483
72$996,766$901,294$874,260$1,047,796
73$1,075,817$922,837$880,928$1,113,291
74$1,162,218$944,724$887,107$1,184,521
75$1,256,697$966,949$892,758$1,262,055
76$1,360,055$989,504$897,840$1,346,518
77$1,473,173$1,012,382$902,311$1,438,598
78$1,597,023$1,035,575$906,124$1,539,056
79$1,732,673$1,059,072$909,233$1,648,728
80$1,881,302$1,082,863$911,589$1,768,535
81$2,044,205$1,106,934$913,137$1,899,494
82$2,222,812$1,131,271$913,825$2,042,723
83$2,418,694$1,155,859$913,593$2,199,458
84$2,633,585$1,180,680$912,383$2,371,056
85$2,869,392$1,205,715$910,129$2,559,016
86$3,128,218$1,230,942$906,766$2,764,989
87$3,412,378$1,256,340$902,225$2,990,794
88$3,724,422$1,281,882$896,431$3,238,437
89$4,067,160$1,307,542$889,308$3,510,127
90$4,443,687$1,333,288$880,777$3,808,298
91$4,857,412$1,359,089$870,752$4,135,636
92$5,312,093$1,384,908$859,147$4,495,097
93$5,811,866$1,410,709$845,868$4,889,942
94$6,361,291$1,436,449$830,820$5,323,762
95$6,965,392$1,462,083$813,901$5,800,516
96$7,629,700$1,487,564$795,005$6,324,568
97$8,360,314$1,512,839$774,022$6,900,726
98$9,163,951$1,537,853$750,837$7,534,289
99$10,048,012$1,562,545$725,327$8,231,099
100$11,020,651$1,586,852$697,368$8,997,592