Can I retire at age 71 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$70,935$70,304$69,687$69,085$68,498$66,599
2 years$35,117$34,463$33,829$33,214$32,618$30,719
3 years$23,178$22,522$21,889$21,281$20,694$18,855
4 years$17,211$16,556$15,930$15,331$14,759$12,993
5 years$13,631$12,980$12,362$11,776$11,220$9,532
6 years$11,245$10,599$9,991$9,417$8,878$7,270
7 years$9,542$8,901$8,302$7,743$7,220$5,692
8 years$8,265$7,630$7,041$6,495$5,990$4,541
9 years$7,272$6,643$6,064$5,532$5,044$3,674
10 years$6,478$5,856$5,287$4,769$4,298$3,003
11 years$5,829$5,213$4,655$4,150$3,696$2,476
12 years$5,289$4,679$4,131$3,640$3,203$2,054
13 years$4,832$4,228$3,691$3,214$2,793$1,714
14 years$4,441$3,843$3,316$2,853$2,449$1,435
15 years$4,102$3,511$2,994$2,544$2,156$1,207
16 years$3,806$3,221$2,714$2,278$1,905$1,017
17 years$3,545$2,967$2,470$2,047$1,689$860
18 years$3,313$2,741$2,255$1,845$1,502$728
19 years$3,106$2,541$2,064$1,667$1,339$618
20 years$2,919$2,361$1,894$1,510$1,196$525
21 years$2,751$2,199$1,742$1,370$1,070$446
22 years$2,598$2,053$1,606$1,246$959$380
23 years$2,459$1,920$1,483$1,135$861$324
24 years$2,332$1,799$1,371$1,035$774$276
25 years$2,215$1,688$1,270$945$696$235
26 years$2,107$1,587$1,178$864$627$201
27 years$2,007$1,493$1,094$791$566$172
28 years$1,915$1,407$1,017$725$510$147
29 years$1,829$1,327$946$665$461$125
30 years$1,749$1,254$881$610$416$107
31 years$1,674$1,185$822$560$376$92
32 years$1,604$1,121$767$515$341$78
33 years$1,538$1,062$716$473$308$67
34 years$1,477$1,006$669$436$279$57
35 years$1,419$955$625$401$253$49
36 years$1,364$906$585$369$229$42
37 years$1,313$860$548$340$208$36
38 years$1,264$818$513$314$188$31
39 years$1,218$778$480$289$171$26
40 years$1,174$740$450$267$155$22
41 years$1,133$704$422$246$140$19
42 years$1,094$671$396$227$127$16
43 years$1,056$639$372$210$116$14
44 years$1,021$609$349$194$105$12
45 years$987$581$328$179$95$10
46 years$954$554$308$165$87$9
47 years$923$529$289$153$79$8
48 years$894$505$272$141$71$6
49 years$866$482$255$130$65$6
50 years$839$461$240$120$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $859,000, adding $6,080 every year, while hoping to spend $20,148 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: 60/14/26 Blend
70$859,000$859,000$859,000$859,000
71$952,890$907,363$894,048$1,003,064
72$1,028,647$930,386$902,561$1,060,951
73$1,111,456$953,862$910,685$1,121,387
74$1,202,016$977,792$918,383$1,186,901
75$1,301,094$1,002,177$925,622$1,257,993
76$1,409,537$1,027,015$932,361$1,335,211
77$1,528,276$1,052,305$938,562$1,419,160
78$1,658,338$1,078,046$944,182$1,510,509
79$1,800,854$1,104,235$949,177$1,609,991
80$1,957,067$1,130,869$953,500$1,718,416
81$2,128,348$1,157,942$957,103$1,836,678
82$2,316,207$1,185,449$959,934$1,965,759
83$2,522,307$1,213,382$961,938$2,106,744
84$2,748,480$1,241,735$963,060$2,260,828
85$2,996,742$1,270,498$963,240$2,429,326
86$3,269,316$1,299,659$962,415$2,613,691
87$3,568,651$1,329,206$960,521$2,815,521
88$3,897,442$1,359,126$957,487$3,036,580
89$4,258,661$1,389,403$953,243$3,278,809
90$4,655,581$1,420,020$947,712$3,544,350
91$5,091,805$1,450,957$940,816$3,835,563
92$5,571,308$1,482,192$932,472$4,155,048
93$6,098,464$1,513,702$922,593$4,505,673
94$6,678,095$1,545,461$911,087$4,890,597
95$7,315,512$1,577,440$897,860$5,313,302
96$8,016,568$1,609,608$882,812$5,777,626
97$8,787,710$1,641,931$865,838$6,287,800
98$9,636,042$1,674,371$846,829$6,848,487
99$10,569,391$1,706,889$825,671$7,464,824
100$11,596,382$1,739,439$802,244$8,142,475