Can I retire at age 71 with 870,000?

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 $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%16.2%
1 years$71,844$71,204$70,579$69,970$69,375$67,616
2 years$35,566$34,904$34,262$33,639$33,036$31,275
3 years$23,475$22,810$22,170$21,553$20,959$19,251
4 years$17,431$16,768$16,134$15,528$14,948$13,307
5 years$13,805$13,146$12,521$11,927$11,363$9,793
6 years$11,389$10,735$10,118$9,538$8,992$7,494
7 years$9,664$9,015$8,408$7,842$7,313$5,887
8 years$8,371$7,728$7,131$6,578$6,066$4,713
9 years$7,365$6,728$6,142$5,603$5,109$3,827
10 years$6,561$5,931$5,355$4,830$4,353$3,140
11 years$5,904$5,280$4,714$4,204$3,744$2,599
12 years$5,357$4,739$4,184$3,687$3,244$2,165
13 years$4,894$4,282$3,738$3,255$2,829$1,813
14 years$4,498$3,893$3,359$2,890$2,480$1,525
15 years$4,154$3,556$3,032$2,577$2,183$1,287
16 years$3,854$3,263$2,749$2,307$1,930$1,090
17 years$3,590$3,005$2,502$2,073$1,711$925
18 years$3,355$2,776$2,284$1,868$1,521$787
19 years$3,145$2,573$2,091$1,688$1,356$671
20 years$2,957$2,391$1,919$1,529$1,211$572
21 years$2,786$2,227$1,765$1,388$1,084$489
22 years$2,632$2,079$1,627$1,262$972$418
23 years$2,491$1,945$1,502$1,149$872$358
24 years$2,362$1,822$1,389$1,048$784$307
25 years$2,243$1,710$1,286$957$705$263
26 years$2,134$1,607$1,193$875$635$225
27 years$2,033$1,512$1,108$801$573$193
28 years$1,939$1,425$1,030$734$517$166
29 years$1,852$1,344$958$673$467$143
30 years$1,771$1,270$893$618$422$123
31 years$1,695$1,200$832$567$381$105
32 years$1,624$1,136$777$521$345$90
33 years$1,558$1,075$725$479$312$78
34 years$1,496$1,019$677$441$283$67
35 years$1,437$967$633$406$256$57
36 years$1,382$918$593$374$232$49
37 years$1,330$872$555$345$210$43
38 years$1,280$828$519$318$191$37
39 years$1,234$788$487$293$173$31
40 years$1,189$749$456$270$157$27
41 years$1,147$713$428$249$142$23
42 years$1,108$679$401$230$129$20
43 years$1,070$647$376$212$117$17
44 years$1,034$617$353$196$106$15
45 years$999$588$332$181$97$13
46 years$967$561$312$167$88$11
47 years$935$536$293$154$80$9
48 years$905$511$275$143$72$8
49 years$877$488$259$132$66$7
50 years$849$466$243$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $870,000, adding $6,328 every year, while hoping to spend $22,245 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: 56/24/20 Blend
70$870,000$870,000$870,000$870,000
71$965,267$919,157$905,672$1,013,802
72$1,040,056$940,528$912,344$1,068,997
73$1,121,728$962,199$918,493$1,126,182
74$1,210,961$984,164$924,080$1,187,992
75$1,308,503$1,006,412$929,060$1,254,877
76$1,415,175$1,028,931$933,389$1,327,333
77$1,531,884$1,051,710$937,019$1,405,906
78$1,659,627$1,074,735$939,900$1,491,196
79$1,799,502$1,097,989$941,979$1,583,868
80$1,952,717$1,121,457$943,202$1,684,651
81$2,120,605$1,145,119$943,510$1,794,352
82$2,304,632$1,168,955$942,842$1,913,856
83$2,506,414$1,192,943$941,136$2,044,142
84$2,727,728$1,217,057$938,324$2,186,289
85$2,970,534$1,241,271$934,336$2,341,483
86$3,236,991$1,265,556$929,099$2,511,034
87$3,529,475$1,289,879$922,535$2,696,386
88$3,850,606$1,314,208$914,564$2,899,130
89$4,203,268$1,338,503$905,102$3,121,017
90$4,590,637$1,362,727$894,059$3,363,983
91$5,016,216$1,386,834$881,344$3,630,155
92$5,483,860$1,410,778$866,859$3,921,883
93$5,997,817$1,434,510$850,502$4,241,754
94$6,562,767$1,457,974$832,167$4,592,622
95$7,183,868$1,481,113$811,742$4,977,631
96$7,866,799$1,503,864$789,112$5,400,247
97$8,617,820$1,526,161$764,155$5,864,290
98$9,443,825$1,547,931$736,743$6,373,972
99$10,352,414$1,569,098$706,742$6,933,934
100$11,351,957$1,589,580$674,014$7,549,294