Can I retire at age 71 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$70,853$70,222$69,606$69,005$68,418$67,930
2 years$35,076$34,422$33,789$33,175$32,580$32,088
3 years$23,151$22,495$21,864$21,256$20,670$20,189
4 years$17,191$16,537$15,911$15,314$14,742$14,276
5 years$13,615$12,965$12,348$11,762$11,207$10,757
6 years$11,232$10,587$9,979$9,406$8,867$8,434
7 years$9,531$8,891$8,293$7,734$7,212$6,796
8 years$8,255$7,621$7,033$6,487$5,983$5,584
9 years$7,264$6,635$6,057$5,526$5,038$4,656
10 years$6,471$5,849$5,281$4,763$4,293$3,927
11 years$5,823$5,207$4,649$4,146$3,692$3,343
12 years$5,283$4,673$4,126$3,636$3,199$2,867
13 years$4,826$4,223$3,686$3,210$2,790$2,473
14 years$4,436$3,839$3,312$2,850$2,446$2,144
15 years$4,097$3,507$2,990$2,541$2,153$1,867
16 years$3,801$3,218$2,711$2,276$1,903$1,631
17 years$3,541$2,963$2,467$2,045$1,687$1,429
18 years$3,309$2,738$2,252$1,843$1,500$1,256
19 years$3,102$2,538$2,062$1,665$1,337$1,106
20 years$2,916$2,358$1,892$1,508$1,195$976
21 years$2,748$2,197$1,740$1,369$1,069$863
22 years$2,595$2,050$1,604$1,244$958$764
23 years$2,456$1,918$1,481$1,133$860$677
24 years$2,329$1,797$1,370$1,034$773$601
25 years$2,212$1,686$1,269$944$696$533
26 years$2,104$1,585$1,177$863$627$474
27 years$2,005$1,491$1,093$790$565$422
28 years$1,912$1,405$1,016$724$510$376
29 years$1,826$1,326$945$664$460$335
30 years$1,747$1,252$880$609$416$298
31 years$1,672$1,184$821$559$376$266
32 years$1,602$1,120$766$514$340$237
33 years$1,537$1,061$715$473$308$212
34 years$1,475$1,005$668$435$279$189
35 years$1,417$953$625$400$252$169
36 years$1,363$905$584$369$229$151
37 years$1,311$859$547$340$207$135
38 years$1,263$817$512$313$188$120
39 years$1,217$777$480$289$170$108
40 years$1,173$739$450$266$155$96
41 years$1,132$703$422$246$140$86
42 years$1,092$670$396$227$127$77
43 years$1,055$638$371$209$115$69
44 years$1,019$608$348$193$105$62
45 years$986$580$327$179$95$55
46 years$953$553$307$165$86$49
47 years$922$528$289$152$78$44
48 years$893$504$271$141$71$39
49 years$865$482$255$130$65$35
50 years$838$460$240$120$59$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $858,000, adding $6,639 every year, while hoping to spend $46,731 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: 67/26/7 Blend
70$858,000$858,000$858,000$858,000
71$952,364$906,890$893,591$1,014,589
72$999,784$901,606$873,805$1,051,448
73$1,050,474$894,497$851,790$1,085,474
74$1,104,719$885,425$827,422$1,121,422
75$1,162,831$874,241$800,571$1,159,475
76$1,225,151$860,790$771,101$1,199,831
77$1,292,055$844,907$738,871$1,242,713
78$1,363,954$826,417$703,733$1,288,367
79$1,441,300$805,134$665,531$1,337,063
80$1,524,589$780,862$624,103$1,389,105
81$1,614,367$753,394$579,280$1,444,824
82$1,711,232$722,509$530,885$1,504,591
83$1,815,840$687,976$478,733$1,568,815
84$1,928,916$649,547$422,630$1,637,947
85$2,051,254$606,963$362,376$1,712,490
86$2,183,726$559,948$297,760$1,792,997
87$2,327,292$508,211$228,561$1,880,082
88$2,483,008$451,446$154,550$1,974,425
89$2,652,034$389,326$75,487$2,076,776
90$2,835,648$321,509$0$2,187,967
91$3,035,252$247,632$0$2,309,581
92$3,252,394$167,311$0$2,448,029
93$3,488,771$80,143$0$2,598,814
94$3,746,255$0$0$2,763,199
95$4,026,903$0$0$2,946,673
96$4,332,981$0$0$3,171,827
97$4,666,983$0$0$3,417,570
98$5,031,651$0$0$3,685,930
99$5,430,008$0$0$3,979,135
100$5,865,379$0$0$4,299,640