Can I retire at age 71 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$71,844$71,204$70,579$69,970$69,375$67,947
2 years$35,566$34,904$34,262$33,639$33,036$31,603
3 years$23,475$22,810$22,170$21,553$20,959$19,567
4 years$17,431$16,768$16,134$15,528$14,948$13,607
5 years$13,805$13,146$12,521$11,927$11,363$10,078
6 years$11,389$10,735$10,118$9,538$8,992$7,762
7 years$9,664$9,015$8,408$7,842$7,313$6,140
8 years$8,371$7,728$7,131$6,578$6,066$4,950
9 years$7,365$6,728$6,142$5,603$5,109$4,048
10 years$6,561$5,931$5,355$4,830$4,353$3,347
11 years$5,904$5,280$4,714$4,204$3,744$2,790
12 years$5,357$4,739$4,184$3,687$3,244$2,343
13 years$4,894$4,282$3,738$3,255$2,829$1,978
14 years$4,498$3,893$3,359$2,890$2,480$1,677
15 years$4,154$3,556$3,032$2,577$2,183$1,428
16 years$3,854$3,263$2,749$2,307$1,930$1,219
17 years$3,590$3,005$2,502$2,073$1,711$1,044
18 years$3,355$2,776$2,284$1,868$1,521$896
19 years$3,145$2,573$2,091$1,688$1,356$770
20 years$2,957$2,391$1,919$1,529$1,211$663
21 years$2,786$2,227$1,765$1,388$1,084$572
22 years$2,632$2,079$1,627$1,262$972$494
23 years$2,491$1,945$1,502$1,149$872$427
24 years$2,362$1,822$1,389$1,048$784$369
25 years$2,243$1,710$1,286$957$705$319
26 years$2,134$1,607$1,193$875$635$277
27 years$2,033$1,512$1,108$801$573$240
28 years$1,939$1,425$1,030$734$517$208
29 years$1,852$1,344$958$673$467$180
30 years$1,771$1,270$893$618$422$156
31 years$1,695$1,200$832$567$381$136
32 years$1,624$1,136$777$521$345$118
33 years$1,558$1,075$725$479$312$102
34 years$1,496$1,019$677$441$283$89
35 years$1,437$967$633$406$256$77
36 years$1,382$918$593$374$232$67
37 years$1,330$872$555$345$210$58
38 years$1,280$828$519$318$191$51
39 years$1,234$788$487$293$173$44
40 years$1,189$749$456$270$157$38
41 years$1,147$713$428$249$142$33
42 years$1,108$679$401$230$129$29
43 years$1,070$647$376$212$117$25
44 years$1,034$617$353$196$106$22
45 years$999$588$332$181$97$19
46 years$967$561$312$167$88$16
47 years$935$536$293$154$80$14
48 years$905$511$275$143$72$12
49 years$877$488$259$132$66$11
50 years$849$466$243$122$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $870,000, adding $6,367 every year, while hoping to spend $50,776 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: 50/44/6 Blend
70$870,000$870,000$870,000$870,000
71$965,308$919,198$905,713$1,011,823
72$1,009,744$910,213$882,029$1,035,210
73$1,057,010$899,086$855,850$1,054,622
74$1,107,343$885,659$827,038$1,074,502
75$1,160,999$869,763$795,451$1,094,906
76$1,218,260$851,221$760,937$1,115,897
77$1,279,435$829,843$723,341$1,137,550
78$1,344,863$805,431$682,498$1,159,948
79$1,414,914$777,772$638,238$1,183,189
80$1,489,996$746,644$590,380$1,207,381
81$1,570,556$711,810$538,737$1,232,652
82$1,657,083$673,018$483,115$1,259,142
83$1,750,115$630,006$423,309$1,287,015
84$1,850,242$582,492$359,106$1,316,452
85$1,958,114$530,181$290,283$1,347,661
86$2,074,441$472,760$216,607$1,380,875
87$2,200,007$409,898$137,837$1,416,359
88$2,335,671$341,246$53,717$1,454,409
89$2,482,377$266,435$0$1,495,358
90$2,641,164$185,075$0$1,541,891
91$2,813,174$96,754$0$1,595,940
92$2,999,660$1,038$0$1,654,553
93$3,202,004$0$0$1,718,280
94$3,421,722$0$0$1,837,377
95$3,660,485$0$0$1,967,424
96$3,920,129$0$0$2,108,928
97$4,202,674$0$0$2,263,002
98$4,510,344$0$0$2,430,869
99$4,845,584$0$0$2,613,875
100$5,211,087$0$0$2,813,502