Can I retire at age 71 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$72,752$72,104$71,472$70,855$70,252$69,839
2 years$36,016$35,345$34,695$34,065$33,453$33,036
3 years$23,772$23,098$22,450$21,826$21,224$20,816
4 years$17,651$16,980$16,338$15,724$15,137$14,742
5 years$13,980$13,312$12,679$12,078$11,507$11,125
6 years$11,533$10,871$10,246$9,659$9,105$8,737
7 years$9,786$9,129$8,515$7,941$7,405$7,051
8 years$8,476$7,825$7,221$6,661$6,143$5,804
9 years$7,458$6,813$6,220$5,674$5,173$4,848
10 years$6,644$6,006$5,422$4,891$4,408$4,097
11 years$5,979$5,346$4,774$4,257$3,791$3,494
12 years$5,424$4,799$4,237$3,734$3,285$3,001
13 years$4,956$4,337$3,785$3,296$2,865$2,594
14 years$4,554$3,942$3,401$2,926$2,511$2,253
15 years$4,207$3,601$3,071$2,610$2,211$1,966
16 years$3,903$3,304$2,784$2,337$1,954$1,721
17 years$3,635$3,043$2,533$2,099$1,733$1,512
18 years$3,398$2,812$2,313$1,892$1,541$1,331
19 years$3,185$2,606$2,117$1,710$1,373$1,175
20 years$2,994$2,421$1,943$1,548$1,227$1,039
21 years$2,822$2,255$1,787$1,405$1,098$920
22 years$2,665$2,105$1,647$1,278$984$816
23 years$2,522$1,969$1,521$1,164$883$725
24 years$2,391$1,845$1,406$1,061$794$645
25 years$2,271$1,731$1,303$969$714$574
26 years$2,161$1,627$1,208$886$643$512
27 years$2,058$1,531$1,122$811$580$456
28 years$1,964$1,443$1,043$743$523$407
29 years$1,875$1,361$971$682$473$364
30 years$1,793$1,286$904$625$427$325
31 years$1,717$1,215$843$574$386$290
32 years$1,645$1,150$786$528$349$260
33 years$1,578$1,089$734$485$316$232
34 years$1,515$1,032$686$447$286$208
35 years$1,455$979$641$411$259$186
36 years$1,399$929$600$379$235$167
37 years$1,346$883$562$349$213$149
38 years$1,296$839$526$322$193$134
39 years$1,249$798$493$297$175$120
40 years$1,204$759$462$274$159$108
41 years$1,162$722$433$252$144$96
42 years$1,122$688$406$233$131$86
43 years$1,083$655$381$215$119$77
44 years$1,047$625$358$199$108$69
45 years$1,012$596$336$183$98$62
46 years$979$568$316$169$89$56
47 years$947$542$296$156$81$50
48 years$917$518$279$145$73$45
49 years$888$494$262$134$66$40
50 years$860$472$246$123$60$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $881,000, adding $4,269 every year, while hoping to spend $25,815 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: 50/21/29 Blend
70$881,000$881,000$881,000$881,000
71$975,265$928,572$914,917$1,015,828
72$1,047,276$946,606$918,100$1,062,695
73$1,125,766$964,657$920,524$1,110,708
74$1,211,369$982,701$922,137$1,162,397
75$1,304,783$1,000,708$922,883$1,218,124
76$1,406,777$1,018,648$922,705$1,278,288
77$1,518,193$1,036,487$921,541$1,343,330
78$1,639,965$1,054,190$919,328$1,413,734
79$1,773,114$1,071,719$915,999$1,490,037
80$1,918,770$1,089,031$911,483$1,572,830
81$2,078,174$1,106,083$905,707$1,662,765
82$2,252,693$1,122,827$898,594$1,760,563
83$2,443,834$1,139,211$890,063$1,867,018
84$2,653,254$1,155,181$880,029$1,983,005
85$2,882,779$1,170,679$868,403$2,109,492
86$3,134,421$1,185,641$855,093$2,247,546
87$3,410,395$1,200,000$840,002$2,398,343
88$3,713,141$1,213,685$823,027$2,563,180
89$4,045,345$1,226,620$804,063$2,743,491
90$4,409,969$1,238,723$782,997$2,940,855
91$4,810,272$1,249,906$759,714$3,157,015
92$5,249,846$1,260,078$734,091$3,393,892
93$5,732,648$1,269,140$706,001$3,653,608
94$6,263,036$1,276,986$675,310$3,938,499
95$6,845,813$1,283,505$641,879$4,251,147
96$7,486,266$1,288,577$605,563$4,594,395
97$8,190,225$1,292,077$566,209$4,971,382
98$8,964,109$1,293,870$523,658$5,385,567
99$9,814,991$1,293,812$477,743$5,840,766
100$10,750,664$1,291,753$428,292$6,341,189