Can I retire at age 71 with 851,000?

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 $851,000?

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$70,275$69,649$69,038$68,442$67,860$67,546
2 years$34,789$34,142$33,514$32,905$32,314$31,997
3 years$22,963$22,312$21,686$21,082$20,501$20,191
4 years$17,050$16,402$15,782$15,189$14,622$14,321
5 years$13,504$12,859$12,247$11,666$11,115$10,824
6 years$11,140$10,500$9,897$9,330$8,795$8,515
7 years$9,453$8,818$8,225$7,670$7,153$6,883
8 years$8,188$7,559$6,975$6,435$5,934$5,675
9 years$7,204$6,581$6,008$5,481$4,997$4,749
10 years$6,418$5,801$5,238$4,725$4,258$4,020
11 years$5,775$5,164$4,611$4,112$3,662$3,434
12 years$5,240$4,635$4,092$3,607$3,173$2,956
13 years$4,787$4,189$3,656$3,184$2,767$2,560
14 years$4,399$3,808$3,285$2,826$2,426$2,228
15 years$4,064$3,478$2,966$2,521$2,136$1,948
16 years$3,770$3,191$2,689$2,257$1,888$1,709
17 years$3,512$2,939$2,447$2,028$1,674$1,504
18 years$3,282$2,716$2,234$1,828$1,488$1,327
19 years$3,077$2,517$2,045$1,651$1,326$1,174
20 years$2,892$2,339$1,877$1,496$1,185$1,040
21 years$2,726$2,179$1,726$1,357$1,060$923
22 years$2,574$2,034$1,591$1,234$950$821
23 years$2,436$1,902$1,469$1,124$853$731
24 years$2,310$1,782$1,359$1,025$767$652
25 years$2,194$1,672$1,258$936$690$581
26 years$2,087$1,572$1,167$856$622$519
27 years$1,988$1,479$1,084$784$560$464
28 years$1,897$1,394$1,007$718$506$415
29 years$1,812$1,315$938$658$457$372
30 years$1,732$1,242$873$604$413$333
31 years$1,658$1,174$814$555$373$298
32 years$1,589$1,111$760$510$337$267
33 years$1,524$1,052$709$469$305$240
34 years$1,463$997$663$431$276$215
35 years$1,406$946$620$397$250$193
36 years$1,352$898$580$366$227$173
37 years$1,301$852$542$337$206$156
38 years$1,252$810$508$311$186$140
39 years$1,207$770$476$286$169$126
40 years$1,163$733$446$264$153$113
41 years$1,122$698$418$244$139$102
42 years$1,083$664$392$225$126$91
43 years$1,046$633$368$208$115$82
44 years$1,011$603$346$192$104$74
45 years$977$575$325$177$94$66
46 years$945$549$305$164$86$60
47 years$915$524$286$151$78$54
48 years$886$500$269$140$71$48
49 years$858$478$253$129$64$43
50 years$831$456$238$119$58$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $851,000, adding $2,200 every year, while hoping to spend $31,088 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: 45/42/13 Blend
70$851,000$851,000$851,000$851,000
71$940,071$894,968$881,778$978,797
72$1,002,881$905,744$878,240$1,016,721
73$1,071,056$916,007$873,542$1,054,492
74$1,145,109$925,697$867,611$1,094,764
75$1,225,608$934,753$860,374$1,137,779
76$1,313,174$943,110$851,750$1,183,807
77$1,408,491$950,696$841,658$1,233,146
78$1,512,315$957,438$830,011$1,286,123
79$1,625,474$963,255$816,718$1,343,105
80$1,748,880$968,062$801,686$1,404,492
81$1,883,538$971,770$784,815$1,470,730
82$2,030,554$974,282$766,002$1,542,312
83$2,191,145$975,496$745,137$1,619,781
84$2,366,651$975,304$722,108$1,703,740
85$2,558,546$973,591$696,796$1,794,852
86$2,768,455$970,235$669,076$1,893,854
87$2,998,167$965,105$638,819$2,001,557
88$3,249,650$958,065$605,890$2,118,859
89$3,525,073$948,969$570,146$2,246,752
90$3,826,824$937,662$531,439$2,386,333
91$4,157,532$923,980$489,615$2,538,813
92$4,520,095$907,749$444,511$2,705,530
93$4,917,701$888,786$395,959$2,887,963
94$5,353,865$866,895$343,782$3,087,743
95$5,832,456$841,870$287,796$3,306,674
96$6,357,738$813,492$227,807$3,546,750
97$6,934,404$781,530$163,616$3,810,168
98$7,567,628$745,740$95,012$4,099,358
99$8,263,107$705,862$21,776$4,417,003
100$9,027,118$661,624$0$4,766,063