Can I retire at age 71 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$70,110$69,485$68,876$68,281$67,700$67,246
2 years$34,708$34,061$33,435$32,827$32,238$31,780
3 years$22,909$22,259$21,635$21,033$20,453$20,005
4 years$17,010$16,363$15,744$15,153$14,587$14,153
5 years$13,472$12,829$12,218$11,639$11,089$10,670
6 years$11,114$10,476$9,874$9,308$8,774$8,371
7 years$9,431$8,797$8,206$7,652$7,136$6,748
8 years$8,168$7,541$6,959$6,419$5,920$5,548
9 years$7,187$6,566$5,994$5,468$4,985$4,629
10 years$6,403$5,787$5,225$4,713$4,248$3,907
11 years$5,761$5,152$4,600$4,102$3,653$3,327
12 years$5,227$4,624$4,083$3,598$3,166$2,855
13 years$4,776$4,179$3,648$3,177$2,761$2,464
14 years$4,389$3,799$3,277$2,820$2,420$2,138
15 years$4,054$3,470$2,959$2,515$2,131$1,863
16 years$3,761$3,184$2,683$2,252$1,883$1,629
17 years$3,503$2,932$2,441$2,023$1,670$1,428
18 years$3,274$2,709$2,229$1,823$1,485$1,256
19 years$3,070$2,511$2,040$1,647$1,323$1,107
20 years$2,885$2,333$1,872$1,492$1,182$977
21 years$2,719$2,174$1,722$1,354$1,058$865
22 years$2,568$2,029$1,587$1,231$948$766
23 years$2,431$1,898$1,466$1,121$851$679
24 years$2,305$1,778$1,355$1,023$765$603
25 years$2,189$1,668$1,255$934$688$536
26 years$2,082$1,568$1,164$854$620$477
27 years$1,984$1,476$1,081$782$559$425
28 years$1,892$1,391$1,005$716$504$379
29 years$1,807$1,312$935$657$455$337
30 years$1,728$1,239$871$603$412$301
31 years$1,654$1,171$812$554$372$269
32 years$1,585$1,108$758$509$337$240
33 years$1,520$1,049$708$468$305$214
34 years$1,460$995$661$430$276$191
35 years$1,402$943$618$396$250$171
36 years$1,348$895$578$365$226$153
37 years$1,298$850$541$336$205$137
38 years$1,249$808$507$310$186$122
39 years$1,204$769$475$286$169$109
40 years$1,161$731$445$264$153$98
41 years$1,120$696$417$243$139$88
42 years$1,081$663$391$224$126$78
43 years$1,044$632$367$207$114$70
44 years$1,009$602$345$191$104$63
45 years$975$574$324$177$94$56
46 years$943$548$304$163$86$50
47 years$913$523$286$151$78$45
48 years$884$499$268$139$71$40
49 years$856$476$252$129$64$36
50 years$829$455$237$119$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $849,000, adding $4,186 every year, while hoping to spend $41,957 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: 52/22/26 Blend
70$849,000$849,000$849,000$849,000
71$939,916$894,919$881,759$981,763
72$991,145$894,128$866,656$1,010,430
73$1,046,194$891,892$849,641$1,036,989
74$1,105,407$888,096$830,606$1,065,034
75$1,169,164$882,618$809,436$1,094,725
76$1,237,880$875,328$786,014$1,126,238
77$1,312,014$866,089$760,215$1,159,771
78$1,392,067$854,755$731,910$1,195,542
79$1,478,592$841,172$700,963$1,233,797
80$1,572,195$825,176$667,232$1,274,806
81$1,673,543$806,594$630,569$1,318,874
82$1,783,370$785,243$590,818$1,366,335
83$1,902,482$760,928$547,819$1,417,564
84$2,031,765$733,443$501,401$1,472,976
85$2,172,195$702,572$451,387$1,533,032
86$2,324,844$668,083$397,594$1,598,245
87$2,490,893$629,734$339,828$1,669,182
88$2,671,639$587,266$277,888$1,746,475
89$2,868,512$540,407$211,562$1,830,822
90$3,083,083$488,870$140,633$1,922,999
91$3,317,083$432,350$64,869$2,023,867
92$3,572,416$370,526$0$2,134,378
93$3,851,178$303,058$0$2,260,021
94$4,155,677$229,586$0$2,417,026
95$4,488,453$149,732$0$2,588,745
96$4,852,302$63,096$0$2,776,689
97$5,250,303$0$0$2,982,522
98$5,685,847$0$0$3,215,527
99$6,162,667$0$0$3,487,420
100$6,684,874$0$0$3,785,278