Can I retire at age 71 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$74,239$73,577$72,932$72,302$71,688$70,587
2 years$36,752$36,067$35,404$34,761$34,137$33,031
3 years$24,258$23,570$22,909$22,272$21,658$20,581
4 years$18,012$17,327$16,672$16,045$15,447$14,407
5 years$14,266$13,584$12,938$12,324$11,742$10,742
6 years$11,769$11,093$10,456$9,856$9,291$8,333
7 years$9,986$9,316$8,689$8,103$7,556$6,639
8 years$8,650$7,985$7,369$6,797$6,269$5,393
9 years$7,611$6,953$6,347$5,790$5,279$4,445
10 years$6,780$6,128$5,533$4,991$4,498$3,704
11 years$6,101$5,456$4,871$4,344$3,868$3,114
12 years$5,535$4,897$4,323$3,810$3,352$2,636
13 years$5,057$4,425$3,862$3,364$2,923$2,245
14 years$4,647$4,022$3,470$2,986$2,563$1,921
15 years$4,293$3,675$3,133$2,663$2,256$1,650
16 years$3,983$3,371$2,841$2,384$1,994$1,422
17 years$3,710$3,105$2,585$2,142$1,768$1,229
18 years$3,467$2,869$2,360$1,931$1,572$1,064
19 years$3,250$2,659$2,160$1,744$1,401$924
20 years$3,055$2,471$1,983$1,580$1,252$803
21 years$2,879$2,302$1,824$1,434$1,120$700
22 years$2,719$2,148$1,681$1,304$1,004$610
23 years$2,574$2,009$1,552$1,187$901$532
24 years$2,440$1,883$1,435$1,083$810$465
25 years$2,318$1,767$1,329$989$729$407
26 years$2,205$1,660$1,233$904$657$356
27 years$2,100$1,563$1,145$828$592$312
28 years$2,004$1,473$1,064$758$534$273
29 years$1,914$1,389$990$695$482$239
30 years$1,830$1,312$923$638$436$210
31 years$1,752$1,240$860$586$394$184
32 years$1,679$1,173$802$539$356$162
33 years$1,610$1,111$749$495$323$142
34 years$1,546$1,053$700$456$292$124
35 years$1,485$999$654$420$265$109
36 years$1,428$948$612$386$240$96
37 years$1,374$901$573$356$217$84
38 years$1,323$856$537$328$197$74
39 years$1,275$814$503$303$179$65
40 years$1,229$774$471$279$162$57
41 years$1,186$737$442$258$147$50
42 years$1,145$702$415$238$133$44
43 years$1,105$669$389$219$121$39
44 years$1,068$638$365$203$110$34
45 years$1,033$608$343$187$100$30
46 years$999$580$322$173$91$26
47 years$966$553$302$160$82$23
48 years$936$528$284$148$75$20
49 years$906$505$267$136$68$18
50 years$878$482$251$126$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $899,000, adding $2,095 every year, while hoping to spend $54,171 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: 50/38/12 Blend
70$899,000$899,000$899,000$899,000
71$992,859$945,212$931,277$1,039,184
72$1,036,493$933,890$904,838$1,059,837
73$1,082,762$920,197$875,697$1,076,393
74$1,131,878$903,961$843,707$1,093,154
75$1,184,072$884,998$808,713$1,110,156
76$1,239,597$863,112$770,555$1,127,441
77$1,298,730$838,099$729,063$1,145,058
78$1,361,775$809,740$684,061$1,163,066
79$1,429,064$777,805$635,364$1,181,534
80$1,500,960$742,049$582,780$1,200,540
81$1,577,862$702,214$526,108$1,220,177
82$1,660,209$658,027$465,137$1,240,552
83$1,748,479$609,199$399,648$1,261,785
84$1,843,198$555,425$329,411$1,284,017
85$1,944,945$496,381$254,187$1,307,409
86$2,054,353$431,727$173,726$1,332,142
87$2,172,118$361,103$87,767$1,358,424
88$2,299,004$284,127$0$1,386,490
89$2,435,851$200,397$0$1,417,116
90$2,583,579$109,488$0$1,462,121
91$2,743,203$10,952$0$1,510,636
92$2,915,835$0$0$1,563,084
93$3,102,701$0$0$1,659,951
94$3,305,144$0$0$1,769,934
95$3,524,644$0$0$1,889,265
96$3,762,828$0$0$2,018,841
97$4,021,485$0$0$2,159,645
98$4,302,582$0$0$2,312,760
99$4,608,285$0$0$2,479,376
100$4,940,976$0$0$2,660,805