Can I retire at age 71 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$75,064$74,396$73,743$73,107$72,485$72,180
2 years$37,161$36,468$35,798$35,147$34,517$34,208
3 years$24,528$23,833$23,164$22,519$21,899$21,597
4 years$18,212$17,519$16,857$16,224$15,618$15,326
5 years$14,424$13,735$13,082$12,462$11,873$11,590
6 years$11,900$11,216$10,572$9,966$9,395$9,122
7 years$10,097$9,419$8,785$8,193$7,640$7,378
8 years$8,746$8,074$7,451$6,873$6,338$6,086
9 years$7,695$7,030$6,417$5,854$5,338$5,096
10 years$6,855$6,196$5,595$5,047$4,548$4,316
11 years$6,169$5,516$4,926$4,392$3,912$3,690
12 years$5,597$4,951$4,371$3,852$3,390$3,178
13 years$5,113$4,474$3,905$3,401$2,956$2,754
14 years$4,699$4,067$3,509$3,019$2,591$2,398
15 years$4,341$3,715$3,168$2,692$2,281$2,098
16 years$4,027$3,409$2,872$2,411$2,016$1,842
17 years$3,751$3,139$2,614$2,166$1,788$1,622
18 years$3,506$2,901$2,386$1,952$1,590$1,432
19 years$3,286$2,689$2,184$1,764$1,417$1,268
20 years$3,089$2,498$2,005$1,598$1,266$1,124
21 years$2,911$2,327$1,844$1,450$1,133$999
22 years$2,750$2,172$1,699$1,318$1,015$889
23 years$2,602$2,032$1,569$1,201$911$792
24 years$2,467$1,904$1,451$1,095$819$706
25 years$2,344$1,786$1,344$1,000$737$631
26 years$2,229$1,679$1,247$914$664$564
27 years$2,124$1,580$1,158$837$599$504
28 years$2,026$1,489$1,076$767$540$452
29 years$1,935$1,405$1,001$703$488$405
30 years$1,850$1,326$933$645$441$363
31 years$1,771$1,254$870$593$398$325
32 years$1,697$1,187$811$545$360$292
33 years$1,628$1,124$758$501$326$262
34 years$1,563$1,065$708$461$295$235
35 years$1,501$1,010$662$424$267$211
36 years$1,444$959$619$391$242$190
37 years$1,389$911$579$360$220$171
38 years$1,338$865$543$332$199$153
39 years$1,289$823$508$306$181$138
40 years$1,243$783$476$282$164$124
41 years$1,199$745$447$260$149$112
42 years$1,157$710$419$240$135$100
43 years$1,118$676$393$222$122$90
44 years$1,080$645$369$205$111$81
45 years$1,044$615$347$189$101$73
46 years$1,010$586$326$175$92$66
47 years$977$560$306$161$83$59
48 years$946$534$287$149$75$53
49 years$916$510$270$138$69$48
50 years$888$487$254$127$62$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $909,000, adding $3,328 every year, while hoping to spend $47,846 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: 44/30/26 Blend
70$909,000$909,000$909,000$909,000
71$1,005,151$956,974$942,884$1,041,665
72$1,056,768$952,958$923,563$1,063,949
73$1,112,047$947,141$901,991$1,083,235
74$1,171,311$939,386$878,042$1,103,208
75$1,234,913$929,544$851,585$1,123,957
76$1,303,242$917,460$822,482$1,145,585
77$1,376,726$902,969$790,588$1,168,210
78$1,455,832$885,894$755,753$1,191,961
79$1,541,076$866,052$717,819$1,216,988
80$1,633,022$843,245$676,623$1,243,460
81$1,732,292$817,265$631,991$1,271,565
82$1,839,567$787,892$583,744$1,301,517
83$1,955,597$754,894$531,694$1,333,556
84$2,081,207$718,023$475,645$1,367,952
85$2,217,303$677,018$415,391$1,405,006
86$2,364,880$631,605$350,719$1,445,058
87$2,525,035$581,490$281,405$1,488,486
88$2,698,972$526,367$207,216$1,535,716
89$2,888,017$465,908$127,907$1,587,223
90$3,093,627$399,771$43,225$1,643,536
91$3,317,408$327,590$0$1,705,249
92$3,561,123$248,981$0$1,786,100
93$3,826,715$163,539$0$1,887,394
94$4,116,322$70,834$0$1,998,028
95$4,432,296$0$0$2,118,999
96$4,777,227$0$0$2,261,180
97$5,153,965$0$0$2,442,114
98$5,565,649$0$0$2,639,937
99$6,015,733$0$0$2,856,324
100$6,508,020$0$0$3,093,116