Can I retire at age 71 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$72,174$71,531$70,904$70,292$69,694$68,343
2 years$35,730$35,064$34,419$33,794$33,188$31,832
3 years$23,583$22,915$22,272$21,652$21,056$19,737
4 years$17,511$16,845$16,208$15,599$15,017$13,747
5 years$13,869$13,207$12,578$11,982$11,416$10,197
6 years$11,441$10,784$10,165$9,582$9,033$7,867
7 years$9,708$9,057$8,447$7,878$7,346$6,233
8 years$8,409$7,763$7,164$6,608$6,094$5,034
9 years$7,399$6,759$6,170$5,629$5,132$4,124
10 years$6,591$5,958$5,379$4,852$4,373$3,416
11 years$5,931$5,304$4,736$4,223$3,761$2,854
12 years$5,381$4,761$4,203$3,704$3,259$2,400
13 years$4,916$4,302$3,755$3,270$2,842$2,031
14 years$4,518$3,911$3,374$2,903$2,491$1,726
15 years$4,174$3,572$3,046$2,589$2,194$1,472
16 years$3,872$3,278$2,762$2,318$1,939$1,260
17 years$3,607$3,019$2,513$2,083$1,719$1,081
18 years$3,371$2,789$2,294$1,877$1,528$930
19 years$3,160$2,585$2,100$1,696$1,362$801
20 years$2,970$2,402$1,927$1,536$1,217$691
21 years$2,799$2,238$1,773$1,394$1,089$597
22 years$2,644$2,089$1,634$1,268$976$517
23 years$2,502$1,953$1,509$1,154$876$448
24 years$2,372$1,830$1,395$1,053$788$388
25 years$2,253$1,718$1,292$962$709$337
26 years$2,144$1,614$1,199$879$638$292
27 years$2,042$1,519$1,113$805$576$254
28 years$1,948$1,432$1,035$737$519$221
29 years$1,861$1,351$963$676$469$192
30 years$1,779$1,275$897$620$424$167
31 years$1,703$1,206$836$570$383$145
32 years$1,632$1,141$780$524$346$126
33 years$1,565$1,080$728$482$314$110
34 years$1,503$1,024$681$443$284$96
35 years$1,444$971$636$408$257$83
36 years$1,388$922$595$376$233$73
37 years$1,336$876$557$346$211$63
38 years$1,286$832$522$319$191$55
39 years$1,239$791$489$294$174$48
40 years$1,195$753$458$271$157$42
41 years$1,153$717$430$250$143$36
42 years$1,113$682$403$231$130$32
43 years$1,075$650$378$213$118$28
44 years$1,038$620$355$197$107$24
45 years$1,004$591$333$182$97$21
46 years$971$564$313$168$88$18
47 years$940$538$294$155$80$16
48 years$910$514$276$143$73$14
49 years$881$490$260$133$66$12
50 years$853$469$244$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $874,000, adding $6,631 every year, while hoping to spend $38,721 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: 67/11/22 Blend
70$874,000$874,000$874,000$874,000
71$969,988$923,666$910,119$1,029,142
72$1,027,728$927,727$899,409$1,073,703
73$1,090,059$930,689$887,043$1,117,360
74$1,157,410$932,457$872,923$1,164,190
75$1,230,250$932,931$856,950$1,214,506
76$1,309,095$932,005$839,018$1,268,651
77$1,394,513$929,563$819,015$1,327,008
78$1,487,129$925,487$796,827$1,389,998
79$1,587,628$919,648$772,333$1,458,084
80$1,696,765$911,910$745,405$1,531,780
81$1,815,371$902,130$715,913$1,611,652
82$1,944,360$890,155$683,716$1,698,326
83$2,084,735$875,823$648,672$1,792,493
84$2,237,604$858,964$610,628$1,894,914
85$2,404,182$839,396$569,426$2,006,433
86$2,585,809$816,927$524,902$2,127,976
87$2,783,959$791,353$476,884$2,260,572
88$3,000,253$762,460$425,190$2,405,350
89$3,236,478$730,019$369,633$2,563,562
90$3,494,599$693,791$310,016$2,736,586
91$3,776,780$653,518$246,133$2,925,944
92$4,085,404$608,934$177,772$3,133,315
93$4,423,095$559,751$104,707$3,360,553
94$4,792,741$505,669$26,705$3,609,704
95$5,197,524$446,370$0$3,883,024
96$5,640,946$381,517$0$4,196,274
97$6,126,865$310,754$0$4,546,482
98$6,659,530$233,706$0$4,930,468
99$7,243,620$149,975$0$5,351,638
100$7,884,289$59,144$0$5,813,750