Can I retire at age 71 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$72,422$71,777$71,147$70,533$69,933$69,492
2 years$35,852$35,185$34,538$33,910$33,302$32,857
3 years$23,664$22,994$22,348$21,727$21,128$20,693
4 years$17,571$16,903$16,264$15,653$15,069$14,647
5 years$13,916$13,252$12,621$12,023$11,455$11,048
6 years$11,481$10,821$10,200$9,615$9,064$8,672
7 years$9,742$9,088$8,476$7,905$7,371$6,995
8 years$8,438$7,790$7,188$6,631$6,115$5,754
9 years$7,424$6,782$6,191$5,648$5,150$4,804
10 years$6,614$5,978$5,398$4,869$4,388$4,057
11 years$5,951$5,322$4,752$4,237$3,774$3,457
12 years$5,400$4,777$4,217$3,717$3,270$2,968
13 years$4,933$4,317$3,768$3,281$2,852$2,564
14 years$4,534$3,924$3,386$2,913$2,500$2,226
15 years$4,188$3,585$3,057$2,598$2,201$1,941
16 years$3,885$3,289$2,771$2,326$1,945$1,698
17 years$3,619$3,029$2,522$2,090$1,725$1,490
18 years$3,382$2,799$2,302$1,883$1,534$1,311
19 years$3,171$2,594$2,107$1,702$1,367$1,156
20 years$2,981$2,410$1,934$1,541$1,221$1,022
21 years$2,809$2,245$1,779$1,399$1,093$905
22 years$2,653$2,096$1,640$1,272$979$802
23 years$2,511$1,960$1,514$1,158$879$712
24 years$2,381$1,837$1,400$1,056$790$633
25 years$2,261$1,724$1,297$965$711$563
26 years$2,151$1,620$1,203$882$641$501
27 years$2,049$1,524$1,117$807$577$447
28 years$1,955$1,436$1,038$740$521$398
29 years$1,867$1,355$966$678$471$355
30 years$1,785$1,280$900$623$425$317
31 years$1,709$1,210$839$572$384$283
32 years$1,638$1,145$783$526$348$253
33 years$1,571$1,084$731$483$315$226
34 years$1,508$1,027$683$445$285$202
35 years$1,449$975$638$409$258$181
36 years$1,393$925$597$377$234$162
37 years$1,340$879$559$347$212$145
38 years$1,291$835$524$320$192$130
39 years$1,244$794$490$295$174$116
40 years$1,199$755$460$272$158$104
41 years$1,157$719$431$251$143$93
42 years$1,117$685$404$232$130$83
43 years$1,078$652$379$214$118$75
44 years$1,042$622$356$198$107$67
45 years$1,007$593$334$182$97$60
46 years$974$566$314$169$88$54
47 years$943$540$295$156$80$48
48 years$913$515$277$144$73$43
49 years$884$492$261$133$66$39
50 years$856$470$245$123$60$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $877,000, adding $3,061 every year, while hoping to spend $37,814 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: 42/38/20 Blend
70$877,000$877,000$877,000$877,000
71$969,611$923,130$909,537$1,004,539
72$1,028,278$928,130$899,773$1,034,625
73$1,091,661$932,107$888,414$1,063,285
74$1,160,202$934,972$875,367$1,093,543
75$1,234,386$936,629$860,535$1,125,564
76$1,314,745$936,976$843,815$1,159,535
77$1,401,867$935,905$825,100$1,195,661
78$1,496,395$933,302$804,279$1,234,172
79$1,599,038$929,044$781,233$1,275,322
80$1,710,576$923,004$755,840$1,319,397
81$1,831,866$915,043$727,973$1,366,713
82$1,963,853$905,016$697,497$1,417,619
83$2,107,575$892,770$664,271$1,472,508
84$2,264,173$878,142$628,150$1,531,812
85$2,434,905$860,958$588,980$1,596,013
86$2,621,156$841,035$546,601$1,665,645
87$2,824,448$818,179$500,845$1,741,301
88$3,046,457$792,186$451,539$1,823,641
89$3,289,029$762,837$398,500$1,913,392
90$3,554,197$729,902$341,536$2,011,366
91$3,844,197$693,140$280,450$2,118,460
92$4,161,492$652,291$215,032$2,235,668
93$4,508,795$607,083$145,066$2,364,091
94$4,889,092$557,230$70,326$2,504,952
95$5,305,672$502,427$0$2,659,603
96$5,762,157$442,352$0$2,831,553
97$6,262,535$376,665$0$3,036,595
98$6,811,199$305,008$0$3,261,594
99$7,412,989$227,001$0$3,508,638
100$8,073,234$142,244$0$3,780,034