Can I retire at age 71 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$71,431$70,795$70,174$69,568$68,976$67,173
2 years$35,362$34,703$34,065$33,446$32,846$31,041
3 years$23,340$22,679$22,042$21,429$20,839$19,089
4 years$17,331$16,671$16,041$15,439$14,862$13,181
5 years$13,726$13,071$12,449$11,858$11,298$9,691
6 years$11,324$10,673$10,060$9,483$8,940$7,407
7 years$9,608$8,963$8,360$7,797$7,270$5,813
8 years$8,322$7,683$7,090$6,540$6,032$4,648
9 years$7,323$6,690$6,107$5,571$5,079$3,769
10 years$6,524$5,897$5,324$4,802$4,328$3,089
11 years$5,870$5,249$4,687$4,179$3,722$2,553
12 years$5,326$4,712$4,160$3,666$3,226$2,124
13 years$4,866$4,258$3,716$3,236$2,813$1,777
14 years$4,472$3,870$3,339$2,873$2,466$1,492
15 years$4,131$3,536$3,015$2,562$2,171$1,258
16 years$3,832$3,244$2,733$2,294$1,919$1,064
17 years$3,569$2,987$2,487$2,061$1,701$902
18 years$3,336$2,761$2,271$1,858$1,513$766
19 years$3,127$2,558$2,079$1,679$1,348$651
20 years$2,940$2,377$1,908$1,520$1,204$555
21 years$2,770$2,214$1,755$1,380$1,078$473
22 years$2,617$2,067$1,617$1,254$966$404
23 years$2,476$1,933$1,493$1,142$867$346
24 years$2,348$1,811$1,381$1,042$779$296
25 years$2,230$1,700$1,279$952$701$253
26 years$2,121$1,598$1,186$870$632$217
27 years$2,021$1,504$1,102$796$570$186
28 years$1,928$1,417$1,024$730$514$159
29 years$1,841$1,337$953$669$464$136
30 years$1,761$1,262$888$614$419$117
31 years$1,686$1,193$828$564$379$100
32 years$1,615$1,129$772$518$343$86
33 years$1,549$1,069$721$477$310$74
34 years$1,487$1,013$674$439$281$63
35 years$1,429$961$630$404$255$54
36 years$1,374$912$589$372$231$47
37 years$1,322$866$551$343$209$40
38 years$1,273$823$516$316$189$34
39 years$1,227$783$484$291$172$30
40 years$1,183$745$453$269$156$25
41 years$1,141$709$425$248$141$22
42 years$1,101$675$399$229$128$19
43 years$1,064$644$374$211$116$16
44 years$1,028$613$351$195$106$14
45 years$994$585$330$180$96$12
46 years$961$558$310$166$87$10
47 years$930$533$291$154$79$9
48 years$900$508$274$142$72$8
49 years$872$485$257$131$65$6
50 years$845$464$242$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $865,000, adding $3,686 every year, while hoping to spend $55,092 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: 56/14/30 Blend
70$865,000$865,000$865,000$865,000
71$957,032$911,187$897,780$1,002,496
72$996,032$897,218$869,238$1,020,283
73$1,037,163$880,718$837,893$1,033,661
74$1,080,585$861,504$803,594$1,047,143
75$1,126,472$839,385$766,181$1,060,758
76$1,175,012$814,155$725,489$1,074,541
77$1,226,414$785,599$681,343$1,088,535
78$1,280,902$753,487$633,562$1,102,790
79$1,338,724$717,577$581,956$1,117,364
80$1,400,149$677,614$526,327$1,132,324
81$1,465,474$633,327$466,468$1,147,748
82$1,535,020$584,428$402,163$1,163,729
83$1,609,143$530,615$333,186$1,180,368
84$1,688,228$471,569$259,301$1,197,786
85$1,772,702$406,950$180,262$1,216,119
86$1,863,028$336,401$95,811$1,235,521
87$1,959,718$259,546$5,682$1,256,169
88$2,063,329$175,984$0$1,278,263
89$2,174,476$85,294$0$1,330,999
90$2,293,832$0$0$1,389,487
91$2,422,135$0$0$1,454,290
92$2,560,197$0$0$1,538,216
93$2,708,907$0$0$1,628,674
94$2,869,244$0$0$1,726,265
95$3,042,283$0$0$1,831,652
96$3,229,203$0$0$1,945,562
97$3,431,303$0$0$2,068,793
98$3,650,007$0$0$2,202,225
99$3,886,884$0$0$2,346,822
100$4,143,656$0$0$2,503,648