Can I retire at age 71 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$72,835$72,186$71,553$70,935$70,332$69,224
2 years$36,057$35,385$34,734$34,103$33,491$32,378
3 years$23,799$23,125$22,475$21,850$21,248$20,164
4 years$17,671$16,999$16,356$15,742$15,154$14,108
5 years$13,996$13,327$12,693$12,091$11,520$10,514
6 years$11,546$10,883$10,258$9,670$9,116$8,151
7 years$9,797$9,139$8,524$7,950$7,413$6,491
8 years$8,486$7,834$7,229$6,669$6,150$5,270
9 years$7,467$6,821$6,227$5,680$5,179$4,340
10 years$6,652$6,012$5,429$4,897$4,413$3,615
11 years$5,985$5,353$4,779$4,262$3,795$3,037
12 years$5,431$4,804$4,241$3,738$3,289$2,570
13 years$4,961$4,342$3,789$3,300$2,868$2,187
14 years$4,560$3,946$3,405$2,929$2,514$1,870
15 years$4,212$3,605$3,074$2,613$2,214$1,605
16 years$3,908$3,308$2,787$2,339$1,956$1,382
17 years$3,640$3,046$2,536$2,102$1,735$1,194
18 years$3,402$2,815$2,315$1,894$1,542$1,033
19 years$3,189$2,609$2,119$1,711$1,375$896
20 years$2,998$2,424$1,945$1,550$1,228$779
21 years$2,825$2,258$1,789$1,407$1,099$677
22 years$2,668$2,108$1,649$1,279$985$590
23 years$2,525$1,971$1,523$1,165$884$515
24 years$2,394$1,847$1,408$1,062$795$449
25 years$2,274$1,733$1,304$970$715$393
26 years$2,163$1,629$1,210$887$644$343
27 years$2,061$1,533$1,123$812$581$300
28 years$1,966$1,445$1,044$744$524$263
29 years$1,878$1,363$972$682$473$230
30 years$1,795$1,287$905$626$428$202
31 years$1,719$1,217$844$575$387$177
32 years$1,647$1,151$787$529$350$155
33 years$1,580$1,090$735$486$316$136
34 years$1,516$1,033$687$447$287$119
35 years$1,457$980$642$412$260$105
36 years$1,401$930$601$379$235$92
37 years$1,348$884$562$349$213$81
38 years$1,298$840$526$322$193$71
39 years$1,251$798$493$297$175$62
40 years$1,206$760$462$274$159$55
41 years$1,163$723$434$253$144$48
42 years$1,123$689$407$233$131$42
43 years$1,085$656$382$215$119$37
44 years$1,048$625$358$199$108$32
45 years$1,013$596$336$184$98$29
46 years$980$569$316$170$89$25
47 years$948$543$297$157$81$22
48 years$918$518$279$145$73$19
49 years$889$495$262$134$67$17
50 years$861$473$246$124$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $882,000, adding $2,772 every year, while hoping to spend $59,740 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: 64/21/15 Blend
70$882,000$882,000$882,000$882,000
71$974,823$928,077$914,406$1,033,495
72$1,010,692$909,990$881,476$1,055,057
73$1,048,218$889,015$845,440$1,071,477
74$1,087,506$864,946$806,132$1,087,956
75$1,128,670$837,567$763,377$1,104,501
76$1,171,837$806,650$716,992$1,121,121
77$1,217,139$771,951$666,786$1,137,828
78$1,264,724$733,213$612,560$1,154,637
79$1,314,751$690,166$554,106$1,171,570
80$1,367,393$642,522$491,206$1,188,651
81$1,422,839$589,977$423,633$1,205,912
82$1,481,293$532,210$351,150$1,223,390
83$1,542,979$468,883$273,507$1,241,129
84$1,608,141$399,636$190,448$1,259,183
85$1,677,045$324,091$101,701$1,277,613
86$1,749,980$241,848$6,984$1,296,494
87$1,827,263$152,485$0$1,315,909
88$1,909,242$55,554$0$1,351,017
89$1,996,293$0$0$1,389,044
90$2,088,831$0$0$1,440,472
91$2,187,309$0$0$1,508,896
92$2,292,223$0$0$1,581,825
93$2,404,114$0$0$1,659,643
94$2,523,579$0$0$1,742,767
95$2,651,267$0$0$1,831,655
96$2,787,893$0$0$1,926,811
97$2,934,241$0$0$2,028,785
98$3,091,168$0$0$2,138,181
99$3,259,618$0$0$2,255,664
100$3,440,623$0$0$2,381,960