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%13.6%
1 years$70,853$70,222$69,606$69,005$68,418$67,396
2 years$35,076$34,422$33,789$33,175$32,580$31,552
3 years$23,151$22,495$21,864$21,256$20,670$19,669
4 years$17,191$16,537$15,911$15,314$14,742$13,775
5 years$13,615$12,965$12,348$11,762$11,207$10,277
6 years$11,232$10,587$9,979$9,406$8,867$7,976
7 years$9,531$8,891$8,293$7,734$7,212$6,359
8 years$8,255$7,621$7,033$6,487$5,983$5,168
9 years$7,264$6,635$6,057$5,526$5,038$4,262
10 years$6,471$5,849$5,281$4,763$4,293$3,554
11 years$5,823$5,207$4,649$4,146$3,692$2,990
12 years$5,283$4,673$4,126$3,636$3,199$2,533
13 years$4,826$4,223$3,686$3,210$2,790$2,158
14 years$4,436$3,839$3,312$2,850$2,446$1,848
15 years$4,097$3,507$2,990$2,541$2,153$1,588
16 years$3,801$3,218$2,711$2,276$1,903$1,370
17 years$3,541$2,963$2,467$2,045$1,687$1,184
18 years$3,309$2,738$2,252$1,843$1,500$1,027
19 years$3,102$2,538$2,062$1,665$1,337$892
20 years$2,916$2,358$1,892$1,508$1,195$776
21 years$2,748$2,197$1,740$1,369$1,069$676
22 years$2,595$2,050$1,604$1,244$958$590
23 years$2,456$1,918$1,481$1,133$860$516
24 years$2,329$1,797$1,370$1,034$773$451
25 years$2,212$1,686$1,269$944$696$394
26 years$2,104$1,585$1,177$863$627$345
27 years$2,005$1,491$1,093$790$565$303
28 years$1,912$1,405$1,016$724$510$265
29 years$1,826$1,326$945$664$460$233
30 years$1,747$1,252$880$609$416$204
31 years$1,672$1,184$821$559$376$179
32 years$1,602$1,120$766$514$340$158
33 years$1,537$1,061$715$473$308$138
34 years$1,475$1,005$668$435$279$122
35 years$1,417$953$625$400$252$107
36 years$1,363$905$584$369$229$94
37 years$1,311$859$547$340$207$83
38 years$1,263$817$512$313$188$73
39 years$1,217$777$480$289$170$64
40 years$1,173$739$450$266$155$56
41 years$1,132$703$422$246$140$49
42 years$1,092$670$396$227$127$43
43 years$1,055$638$371$209$115$38
44 years$1,019$608$348$193$105$34
45 years$986$580$327$179$95$30
46 years$953$553$307$165$86$26
47 years$922$528$289$152$78$23
48 years$893$504$271$141$71$20
49 years$865$482$255$130$65$18
50 years$838$460$240$120$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $858,000, adding $2,110 every year, while hoping to spend $23,349 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: 41/35/24 Blend
70$858,000$858,000$858,000$858,000
71$947,692$902,218$888,919$979,778
72$1,019,514$921,584$893,855$1,022,373
73$1,097,879$941,116$898,174$1,066,074
74$1,183,429$960,798$901,829$1,112,915
75$1,276,874$980,611$904,775$1,163,196
76$1,378,990$1,000,537$906,961$1,217,250
77$1,490,637$1,020,553$908,334$1,275,443
78$1,612,758$1,040,636$908,839$1,338,179
79$1,746,392$1,060,760$908,418$1,405,905
80$1,892,685$1,080,898$907,011$1,479,113
81$2,052,897$1,101,020$904,554$1,558,346
82$2,228,416$1,121,094$900,980$1,644,201
83$2,420,771$1,141,083$896,219$1,737,341
84$2,631,645$1,160,952$890,198$1,838,493
85$2,862,893$1,180,659$882,840$1,948,462
86$3,116,557$1,200,160$874,064$2,068,134
87$3,394,887$1,219,409$863,786$2,198,488
88$3,700,360$1,238,355$851,918$2,340,603
89$4,035,707$1,256,944$838,366$2,495,669
90$4,403,932$1,275,118$823,035$2,664,999
91$4,808,350$1,292,815$805,823$2,850,043
92$5,252,607$1,309,968$786,624$3,052,397
93$5,740,723$1,326,507$765,326$3,273,825
94$6,277,126$1,342,355$741,813$3,516,270
95$6,866,694$1,357,432$715,965$3,781,876
96$7,514,800$1,371,650$687,654$4,073,008
97$8,227,367$1,384,917$656,747$4,392,275
98$9,010,915$1,397,136$623,106$4,742,554
99$9,872,634$1,408,200$586,584$5,127,016
100$10,820,439$1,417,999$547,032$5,549,162