Can I retire at age 71 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$69,449$68,830$68,227$67,638$67,063$66,752
2 years$34,381$33,740$33,120$32,518$31,935$31,621
3 years$22,693$22,050$21,431$20,835$20,261$19,954
4 years$16,850$16,209$15,596$15,010$14,450$14,152
5 years$13,345$12,708$12,103$11,529$10,985$10,697
6 years$11,009$10,377$9,781$9,220$8,692$8,415
7 years$9,342$8,715$8,128$7,580$7,069$6,802
8 years$8,091$7,470$6,893$6,359$5,864$5,608
9 years$7,120$6,504$5,937$5,416$4,939$4,693
10 years$6,343$5,733$5,176$4,669$4,208$3,973
11 years$5,707$5,104$4,557$4,063$3,619$3,394
12 years$5,178$4,581$4,044$3,564$3,136$2,921
13 years$4,731$4,140$3,613$3,147$2,735$2,530
14 years$4,348$3,763$3,247$2,793$2,397$2,202
15 years$4,016$3,437$2,931$2,491$2,111$1,925
16 years$3,726$3,154$2,658$2,230$1,865$1,689
17 years$3,470$2,905$2,418$2,004$1,654$1,486
18 years$3,243$2,684$2,208$1,806$1,471$1,311
19 years$3,041$2,487$2,021$1,632$1,311$1,160
20 years$2,858$2,311$1,855$1,478$1,171$1,028
21 years$2,694$2,153$1,706$1,341$1,048$912
22 years$2,544$2,010$1,572$1,220$939$811
23 years$2,408$1,880$1,452$1,111$843$722
24 years$2,283$1,761$1,343$1,013$758$644
25 years$2,168$1,653$1,244$925$682$575
26 years$2,063$1,553$1,153$846$614$513
27 years$1,965$1,462$1,071$774$554$459
28 years$1,874$1,378$996$709$500$410
29 years$1,790$1,300$926$651$451$367
30 years$1,712$1,227$863$597$408$329
31 years$1,639$1,160$805$548$369$295
32 years$1,570$1,098$751$504$333$264
33 years$1,506$1,040$701$463$302$237
34 years$1,446$985$655$426$273$213
35 years$1,389$935$612$393$247$191
36 years$1,336$887$573$362$224$171
37 years$1,285$842$536$333$203$154
38 years$1,238$801$502$307$184$138
39 years$1,193$761$470$283$167$124
40 years$1,150$724$441$261$152$112
41 years$1,109$689$413$241$137$100
42 years$1,071$657$388$222$125$90
43 years$1,034$626$364$205$113$81
44 years$999$596$342$189$103$73
45 years$966$569$321$175$93$66
46 years$934$543$301$162$85$59
47 years$904$518$283$149$77$53
48 years$875$494$266$138$70$48
49 years$848$472$250$128$63$43
50 years$821$451$235$118$58$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $841,000, adding $4,925 every year, while hoping to spend $51,722 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: 43/30/27 Blend
70$841,000$841,000$841,000$841,000
71$931,862$887,289$874,254$964,415
72$971,880$875,734$848,509$976,622
73$1,014,247$861,880$820,169$984,546
74$1,059,146$845,559$789,091$992,135
75$1,106,782$826,593$755,128$999,386
76$1,157,373$804,796$718,124$1,006,303
77$1,211,162$779,968$677,919$1,012,892
78$1,268,414$751,900$634,342$1,019,165
79$1,329,417$720,368$587,217$1,025,140
80$1,394,488$685,137$536,360$1,030,841
81$1,463,975$645,958$481,577$1,036,302
82$1,538,258$602,567$422,668$1,041,564
83$1,617,755$554,687$359,421$1,046,677
84$1,702,921$502,022$291,617$1,051,705
85$1,794,260$444,262$219,027$1,056,723
86$1,892,320$381,077$141,411$1,061,823
87$1,997,707$312,120$58,518$1,067,111
88$2,111,083$237,023$0$1,072,713
89$2,233,176$155,400$0$1,087,403
90$2,364,785$66,840$0$1,121,277
91$2,506,789$0$0$1,157,737
92$2,660,153$0$0$1,206,701
93$2,825,936$0$0$1,283,563
94$3,005,305$0$0$1,366,809
95$3,199,539$0$0$1,457,044
96$3,410,047$0$0$1,554,935
97$3,638,379$0$0$1,661,212
98$3,886,235$0$0$1,776,681
99$4,155,491$0$0$1,902,228
100$4,448,206$0$0$2,038,826