Can I retire at age 71 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$69,284$68,667$68,065$67,477$66,903$65,930
2 years$34,299$33,660$33,041$32,441$31,859$30,881
3 years$22,639$21,997$21,380$20,785$20,212$19,260
4 years$16,810$16,170$15,559$14,975$14,416$13,496
5 years$13,313$12,678$12,074$11,502$10,959$10,074
6 years$10,983$10,352$9,758$9,198$8,671$7,822
7 years$9,320$8,694$8,109$7,562$7,052$6,240
8 years$8,072$7,452$6,877$6,344$5,850$5,074
9 years$7,103$6,489$5,923$5,404$4,927$4,187
10 years$6,327$5,719$5,164$4,658$4,198$3,493
11 years$5,694$5,092$4,546$4,054$3,610$2,941
12 years$5,166$4,570$4,035$3,556$3,129$2,493
13 years$4,720$4,130$3,605$3,139$2,728$2,126
14 years$4,337$3,754$3,239$2,787$2,392$1,821
15 years$4,006$3,429$2,924$2,485$2,106$1,566
16 years$3,717$3,146$2,651$2,225$1,861$1,352
17 years$3,462$2,898$2,413$1,999$1,650$1,170
18 years$3,236$2,678$2,202$1,802$1,467$1,015
19 years$3,033$2,482$2,016$1,628$1,308$882
20 years$2,851$2,306$1,850$1,475$1,168$768
21 years$2,687$2,148$1,702$1,338$1,045$670
22 years$2,538$2,005$1,569$1,217$937$585
23 years$2,402$1,875$1,448$1,108$841$511
24 years$2,277$1,757$1,339$1,011$756$448
25 years$2,163$1,649$1,241$923$680$392
26 years$2,058$1,550$1,151$844$613$344
27 years$1,960$1,458$1,068$772$552$301
28 years$1,870$1,374$993$708$498$264
29 years$1,786$1,296$924$649$450$232
30 years$1,708$1,224$861$596$407$204
31 years$1,635$1,157$803$547$368$179
32 years$1,567$1,095$749$503$333$157
33 years$1,503$1,037$699$462$301$138
34 years$1,442$983$653$425$273$122
35 years$1,386$932$611$392$247$107
36 years$1,333$885$571$361$224$94
37 years$1,282$840$535$332$203$83
38 years$1,235$799$501$306$184$73
39 years$1,190$760$469$282$167$64
40 years$1,147$723$440$260$151$57
41 years$1,107$688$412$240$137$50
42 years$1,068$655$387$222$124$44
43 years$1,032$624$363$205$113$39
44 years$997$595$341$189$103$34
45 years$964$567$320$175$93$30
46 years$932$541$300$161$84$26
47 years$902$517$282$149$77$23
48 years$873$493$265$138$70$20
49 years$846$471$249$127$63$18
50 years$819$450$234$118$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $839,000, adding $5,652 every year, while hoping to spend $24,902 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: 35/37/28 Blend
70$839,000$839,000$839,000$839,000
71$930,408$885,941$872,937$954,961
72$998,814$902,857$875,684$990,749
73$1,073,363$919,766$877,690$1,026,698
74$1,154,655$936,644$878,901$1,065,008
75$1,243,351$953,460$879,265$1,105,907
76$1,340,177$970,185$878,726$1,149,646
77$1,445,936$986,784$877,223$1,196,504
78$1,561,507$1,003,222$874,696$1,246,790
79$1,687,860$1,019,460$871,078$1,300,844
80$1,826,065$1,035,457$866,302$1,359,042
81$1,977,298$1,051,168$860,297$1,421,800
82$2,142,852$1,066,545$852,987$1,489,578
83$2,324,155$1,081,538$844,295$1,562,882
84$2,522,778$1,096,092$834,137$1,642,274
85$2,740,448$1,110,148$822,427$1,728,373
86$2,979,072$1,123,643$809,077$1,821,864
87$3,240,747$1,136,511$793,991$1,923,502
88$3,527,784$1,148,681$777,071$2,034,124
89$3,842,728$1,160,077$758,212$2,154,650
90$4,188,383$1,170,616$737,308$2,286,100
91$4,567,835$1,180,214$714,246$2,429,598
92$4,984,487$1,188,777$688,906$2,586,387
93$5,442,086$1,196,208$661,165$2,757,837
94$5,944,759$1,202,403$630,894$2,945,464
95$6,497,053$1,207,249$597,958$3,150,938
96$7,103,978$1,210,630$562,215$3,376,106
97$7,771,052$1,212,420$523,518$3,623,004
98$8,504,356$1,212,485$481,713$3,893,881
99$9,310,588$1,210,684$436,637$4,191,220
100$10,197,127$1,206,867$388,124$4,517,759