Can I retire at age 71 with 861,000?

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 $861,000?

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$71,101$70,467$69,849$69,246$68,657$68,339
2 years$35,198$34,543$33,907$33,291$32,694$32,373
3 years$23,232$22,574$21,940$21,330$20,742$20,428
4 years$17,251$16,594$15,967$15,367$14,794$14,489
5 years$13,663$13,010$12,391$11,803$11,246$10,951
6 years$11,271$10,624$10,014$9,439$8,898$8,615
7 years$9,564$8,922$8,322$7,761$7,237$6,964
8 years$8,284$7,648$7,057$6,510$6,004$5,741
9 years$7,289$6,659$6,078$5,545$5,056$4,805
10 years$6,493$5,869$5,299$4,780$4,308$4,067
11 years$5,843$5,225$4,665$4,160$3,705$3,475
12 years$5,301$4,690$4,140$3,649$3,211$2,991
13 years$4,843$4,238$3,699$3,221$2,800$2,590
14 years$4,451$3,852$3,324$2,860$2,454$2,254
15 years$4,111$3,519$3,001$2,550$2,161$1,970
16 years$3,815$3,229$2,721$2,284$1,910$1,729
17 years$3,553$2,974$2,476$2,052$1,693$1,521
18 years$3,321$2,748$2,260$1,849$1,506$1,342
19 years$3,113$2,547$2,069$1,671$1,342$1,187
20 years$2,926$2,366$1,899$1,513$1,199$1,052
21 years$2,758$2,204$1,747$1,373$1,073$934
22 years$2,605$2,058$1,610$1,249$962$831
23 years$2,465$1,924$1,486$1,137$863$740
24 years$2,337$1,803$1,375$1,037$776$659
25 years$2,220$1,692$1,273$947$698$588
26 years$2,112$1,590$1,181$866$629$525
27 years$2,012$1,497$1,096$793$567$470
28 years$1,919$1,410$1,019$726$512$420
29 years$1,833$1,330$949$666$462$376
30 years$1,753$1,256$884$611$417$337
31 years$1,678$1,188$824$561$377$302
32 years$1,608$1,124$769$516$341$271
33 years$1,542$1,064$718$474$309$243
34 years$1,480$1,009$670$437$280$218
35 years$1,422$957$627$402$253$195
36 years$1,367$908$586$370$230$175
37 years$1,316$862$549$341$208$158
38 years$1,267$820$514$314$189$142
39 years$1,221$779$482$290$171$127
40 years$1,177$742$451$267$155$114
41 years$1,136$706$423$247$141$103
42 years$1,096$672$397$228$128$92
43 years$1,059$641$373$210$116$83
44 years$1,023$611$350$194$105$75
45 years$989$582$328$179$96$67
46 years$957$555$308$165$87$60
47 years$926$530$290$153$79$54
48 years$896$506$272$141$72$49
49 years$868$483$256$131$65$44
50 years$841$462$241$121$59$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $861,000, adding $6,174 every year, while hoping to spend $28,343 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: 34/44/22 Blend
70$861,000$861,000$861,000$861,000
71$955,190$909,557$896,212$981,073
72$1,022,463$923,969$896,078$1,015,223
73$1,095,648$938,137$894,990$1,048,996
74$1,175,317$952,019$892,886$1,084,838
75$1,262,102$965,571$889,700$1,122,950
76$1,356,697$978,744$885,366$1,163,553
77$1,459,865$991,487$879,810$1,206,895
78$1,572,447$1,003,745$872,959$1,253,248
79$1,695,367$1,015,460$864,735$1,302,914
80$1,829,646$1,026,569$855,054$1,356,227
81$1,976,403$1,037,004$843,832$1,413,557
82$2,136,874$1,046,695$830,978$1,475,312
83$2,312,418$1,055,566$816,398$1,541,946
84$2,504,531$1,063,535$799,994$1,613,961
85$2,714,861$1,070,516$781,662$1,691,909
86$2,945,223$1,076,418$761,294$1,776,404
87$3,197,616$1,081,142$738,777$1,868,125
88$3,474,240$1,084,585$713,994$1,967,821
89$3,777,520$1,086,637$686,819$2,076,321
90$4,110,124$1,087,180$657,125$2,194,543
91$4,474,994$1,086,089$624,777$2,323,500
92$4,875,369$1,083,232$589,632$2,464,311
93$5,314,815$1,078,470$551,543$2,618,217
94$5,797,263$1,071,651$510,356$2,786,585
95$6,327,041$1,062,619$465,911$2,970,927
96$6,908,918$1,051,207$418,037$3,172,915
97$7,548,146$1,037,235$366,561$3,394,396
98$8,250,514$1,020,516$311,297$3,637,408
99$9,022,395$1,000,850$252,054$3,904,204
100$9,870,813$978,025$188,632$4,197,274