Can I retire at age 71 with 909,000?

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 $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%12%
1 years$75,064$74,396$73,743$73,107$72,485$71,878
2 years$37,161$36,468$35,798$35,147$34,517$33,905
3 years$24,528$23,833$23,164$22,519$21,899$21,301
4 years$18,212$17,519$16,857$16,224$15,618$15,039
5 years$14,424$13,735$13,082$12,462$11,873$11,314
6 years$11,900$11,216$10,572$9,966$9,395$8,857
7 years$10,097$9,419$8,785$8,193$7,640$7,124
8 years$8,746$8,074$7,451$6,873$6,338$5,844
9 years$7,695$7,030$6,417$5,854$5,338$4,865
10 years$6,855$6,196$5,595$5,047$4,548$4,096
11 years$6,169$5,516$4,926$4,392$3,912$3,480
12 years$5,597$4,951$4,371$3,852$3,390$2,978
13 years$5,113$4,474$3,905$3,401$2,956$2,564
14 years$4,699$4,067$3,509$3,019$2,591$2,219
15 years$4,341$3,715$3,168$2,692$2,281$1,928
16 years$4,027$3,409$2,872$2,411$2,016$1,681
17 years$3,751$3,139$2,614$2,166$1,788$1,470
18 years$3,506$2,901$2,386$1,952$1,590$1,289
19 years$3,286$2,689$2,184$1,764$1,417$1,133
20 years$3,089$2,498$2,005$1,598$1,266$998
21 years$2,911$2,327$1,844$1,450$1,133$880
22 years$2,750$2,172$1,699$1,318$1,015$777
23 years$2,602$2,032$1,569$1,201$911$687
24 years$2,467$1,904$1,451$1,095$819$608
25 years$2,344$1,786$1,344$1,000$737$539
26 years$2,229$1,679$1,247$914$664$478
27 years$2,124$1,580$1,158$837$599$424
28 years$2,026$1,489$1,076$767$540$377
29 years$1,935$1,405$1,001$703$488$335
30 years$1,850$1,326$933$645$441$298
31 years$1,771$1,254$870$593$398$265
32 years$1,697$1,187$811$545$360$236
33 years$1,628$1,124$758$501$326$210
34 years$1,563$1,065$708$461$295$187
35 years$1,501$1,010$662$424$267$167
36 years$1,444$959$619$391$242$148
37 years$1,389$911$579$360$220$132
38 years$1,338$865$543$332$199$118
39 years$1,289$823$508$306$181$105
40 years$1,243$783$476$282$164$94
41 years$1,199$745$447$260$149$84
42 years$1,157$710$419$240$135$75
43 years$1,118$676$393$222$122$66
44 years$1,080$645$369$205$111$59
45 years$1,044$615$347$189$101$53
46 years$1,010$586$326$175$92$47
47 years$977$560$306$161$83$42
48 years$946$534$287$149$75$38
49 years$916$510$270$138$69$34
50 years$888$487$254$127$62$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $909,000, adding $4,899 every year, while hoping to spend $33,015 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: 33/40/27 Blend
70$909,000$909,000$909,000$909,000
71$1,006,771$958,594$944,505$1,031,593
72$1,074,334$970,438$941,018$1,062,663
73$1,147,682$981,755$936,308$1,092,840
74$1,227,370$992,485$930,299$1,124,716
75$1,314,009$1,002,564$922,911$1,158,464
76$1,408,271$1,011,922$914,061$1,194,276
77$1,510,894$1,020,487$903,662$1,232,366
78$1,622,693$1,028,178$891,622$1,272,971
79$1,744,563$1,034,914$877,847$1,316,356
80$1,877,488$1,040,605$862,235$1,362,813
81$2,022,554$1,045,157$844,682$1,412,667
82$2,180,954$1,048,469$825,078$1,466,282
83$2,354,002$1,050,434$803,308$1,524,056
84$2,543,144$1,050,939$779,253$1,586,436
85$2,749,973$1,049,864$752,787$1,653,915
86$2,976,243$1,047,080$723,778$1,727,040
87$3,223,884$1,042,451$692,089$1,806,419
88$3,495,023$1,035,834$657,576$1,892,724
89$3,792,000$1,027,075$620,090$1,986,700
90$4,117,395$1,016,011$579,473$2,089,174
91$4,474,045$1,002,473$535,562$2,201,060
92$4,865,080$986,275$488,185$2,323,371
93$5,293,942$967,227$437,163$2,457,230
94$5,764,426$945,123$382,310$2,603,877
95$6,280,710$919,747$323,430$2,764,687
96$6,847,397$890,869$260,320$2,941,181
97$7,469,557$858,247$192,766$3,135,042
98$8,152,774$821,624$120,546$3,348,131
99$8,903,202$780,728$43,429$3,582,507
100$9,727,616$735,271$0$3,840,445