Can I retire at age 71 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$71,679$71,040$70,417$69,809$69,216$68,493
2 years$35,484$34,824$34,183$33,562$32,960$32,232
3 years$23,421$22,758$22,119$21,504$20,911$20,201
4 years$17,391$16,729$16,097$15,492$14,914$14,226
5 years$13,774$13,116$12,492$11,899$11,337$10,675
6 years$11,363$10,710$10,095$9,516$8,971$8,334
7 years$9,642$8,994$8,389$7,824$7,296$6,685
8 years$8,351$7,710$7,115$6,563$6,052$5,468
9 years$7,348$6,713$6,128$5,590$5,097$4,538
10 years$6,546$5,917$5,342$4,819$4,343$3,810
11 years$5,890$5,268$4,703$4,194$3,735$3,227
12 years$5,344$4,728$4,174$3,679$3,237$2,753
13 years$4,883$4,273$3,729$3,248$2,823$2,363
14 years$4,487$3,884$3,351$2,883$2,474$2,038
15 years$4,145$3,548$3,025$2,571$2,178$1,765
16 years$3,846$3,255$2,743$2,302$1,925$1,533
17 years$3,582$2,998$2,496$2,068$1,707$1,336
18 years$3,348$2,770$2,278$1,864$1,518$1,168
19 years$3,138$2,567$2,086$1,684$1,353$1,022
20 years$2,950$2,386$1,914$1,525$1,208$897
21 years$2,780$2,222$1,761$1,384$1,081$788
22 years$2,626$2,074$1,623$1,259$969$693
23 years$2,485$1,940$1,498$1,146$870$611
24 years$2,356$1,818$1,386$1,046$782$539
25 years$2,238$1,706$1,283$955$704$476
26 years$2,129$1,603$1,190$873$634$420
27 years$2,028$1,509$1,105$799$572$371
28 years$1,935$1,422$1,028$732$516$329
29 years$1,848$1,341$956$671$466$291
30 years$1,767$1,267$891$616$421$258
31 years$1,691$1,197$830$566$380$228
32 years$1,621$1,133$775$520$344$202
33 years$1,554$1,073$723$478$311$179
34 years$1,492$1,017$676$440$282$159
35 years$1,434$965$632$405$255$141
36 years$1,379$915$591$373$231$125
37 years$1,327$870$553$344$210$111
38 years$1,277$826$518$317$190$99
39 years$1,231$786$485$292$172$88
40 years$1,187$748$455$269$156$78
41 years$1,145$712$427$249$142$69
42 years$1,105$678$400$229$129$61
43 years$1,067$646$376$212$117$54
44 years$1,031$616$353$196$106$48
45 years$997$587$331$181$96$43
46 years$964$560$311$167$87$38
47 years$933$534$292$154$79$34
48 years$903$510$274$142$72$30
49 years$875$487$258$132$65$27
50 years$847$465$243$122$59$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $868,000, adding $6,401 every year, while hoping to spend $53,574 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: 62/29/9 Blend
70$868,000$868,000$868,000$868,000
71$963,139$917,135$903,681$1,020,581
72$1,004,376$905,072$876,952$1,047,718
73$1,048,025$890,623$847,532$1,070,553
74$1,094,273$873,613$815,274$1,094,126
75$1,143,329$853,860$780,025$1,118,509
76$1,195,417$831,168$741,625$1,143,781
77$1,250,786$805,331$699,905$1,170,034
78$1,309,705$776,131$654,691$1,197,371
79$1,372,472$743,338$605,800$1,225,906
80$1,439,410$706,708$553,040$1,255,769
81$1,510,874$665,981$496,211$1,287,106
82$1,587,254$620,884$435,105$1,320,080
83$1,668,976$571,130$369,503$1,354,875
84$1,756,508$516,412$299,178$1,391,697
85$1,850,363$456,407$223,892$1,430,775
86$1,951,104$390,776$143,397$1,472,369
87$2,059,349$319,156$57,433$1,516,766
88$2,175,776$241,168$0$1,564,289
89$2,301,129$156,409$0$1,618,593
90$2,436,226$64,455$0$1,682,885
91$2,581,965$0$0$1,752,121
92$2,739,333$0$0$1,838,047
93$2,909,413$0$0$1,953,195
94$3,093,397$0$0$2,077,810
95$3,292,595$0$0$2,212,785
96$3,508,448$0$0$2,359,103
97$3,742,537$0$0$2,517,845
98$3,996,605$0$0$2,690,199
99$4,272,566$0$0$2,877,473
100$4,572,526$0$0$3,081,104