Can I retire at age 71 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$76,881$76,196$75,528$74,876$74,239$72,592
2 years$38,060$37,351$36,664$35,998$35,352$33,701
3 years$25,121$24,409$23,724$23,064$22,429$20,826
4 years$18,653$17,943$17,265$16,617$15,996$14,453
5 years$14,773$14,068$13,398$12,763$12,160$10,682
6 years$12,188$11,487$10,828$10,207$9,622$8,209
7 years$10,341$9,647$8,998$8,392$7,825$6,479
8 years$8,957$8,269$7,631$7,039$6,492$5,211
9 years$7,882$7,200$6,573$5,996$5,467$4,251
10 years$7,021$6,346$5,730$5,169$4,658$3,506
11 years$6,318$5,650$5,045$4,498$4,006$2,916
12 years$5,732$5,071$4,477$3,946$3,472$2,442
13 years$5,237$4,583$4,000$3,483$3,027$2,056
14 years$4,813$4,166$3,594$3,092$2,654$1,739
15 years$4,446$3,805$3,245$2,758$2,337$1,476
16 years$4,125$3,491$2,942$2,469$2,065$1,257
17 years$3,842$3,215$2,677$2,219$1,831$1,073
18 years$3,591$2,971$2,444$1,999$1,628$918
19 years$3,366$2,754$2,237$1,807$1,451$787
20 years$3,164$2,559$2,053$1,636$1,296$676
21 years$2,982$2,383$1,889$1,485$1,160$581
22 years$2,816$2,225$1,741$1,350$1,040$500
23 years$2,665$2,081$1,607$1,230$933$431
24 years$2,527$1,950$1,486$1,121$839$371
25 years$2,400$1,830$1,377$1,024$755$320
26 years$2,283$1,720$1,277$936$680$276
27 years$2,175$1,618$1,186$857$613$239
28 years$2,075$1,525$1,102$785$553$206
29 years$1,982$1,439$1,026$720$499$178
30 years$1,895$1,359$955$661$451$154
31 years$1,814$1,284$891$607$408$133
32 years$1,738$1,215$831$558$369$115
33 years$1,667$1,151$776$513$334$100
34 years$1,601$1,091$725$472$302$86
35 years$1,538$1,035$678$435$274$75
36 years$1,479$982$634$400$248$65
37 years$1,423$933$593$369$225$56
38 years$1,370$886$556$340$204$49
39 years$1,320$843$521$313$185$42
40 years$1,273$802$488$289$168$36
41 years$1,228$763$458$267$152$32
42 years$1,185$727$429$246$138$27
43 years$1,145$693$403$227$125$24
44 years$1,106$660$378$210$114$21
45 years$1,069$630$355$194$103$18
46 years$1,034$601$333$179$94$15
47 years$1,001$573$313$165$85$13
48 years$969$547$294$153$77$12
49 years$938$522$277$141$70$10
50 years$909$499$260$130$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $931,000, adding $2,475 every year, while hoping to spend $29,041 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: 65/29/6 Blend
70$931,000$931,000$931,000$931,000
71$1,028,515$979,172$964,741$1,094,212
72$1,102,524$996,252$966,161$1,155,269
73$1,183,109$1,013,196$966,655$1,218,257
74$1,270,909$1,029,965$966,161$1,286,303
75$1,366,630$1,046,521$964,615$1,359,893
76$1,471,045$1,062,820$961,949$1,439,567
77$1,585,009$1,078,816$958,092$1,525,918
78$1,709,461$1,094,459$952,969$1,619,597
79$1,845,435$1,109,696$946,502$1,721,326
80$1,994,068$1,124,470$938,609$1,831,897
81$2,156,615$1,138,721$929,204$1,952,185
82$2,334,455$1,152,384$918,197$2,083,151
83$2,529,107$1,165,388$905,495$2,225,859
84$2,742,245$1,177,661$890,997$2,381,477
85$2,975,710$1,189,123$874,602$2,551,295
86$3,231,533$1,199,690$856,202$2,736,734
87$3,511,947$1,209,272$835,682$2,939,361
88$3,819,413$1,217,774$812,924$3,160,902
89$4,156,641$1,225,094$787,806$3,403,260
90$4,526,619$1,231,123$760,197$3,668,533
91$4,932,632$1,235,747$729,963$3,959,032
92$5,378,305$1,238,842$696,961$4,277,308
93$5,867,626$1,240,280$661,043$4,626,168
94$6,404,991$1,239,921$622,055$5,008,710
95$6,995,242$1,237,619$579,836$5,428,347
96$7,643,712$1,233,217$534,216$5,888,842
97$8,356,277$1,226,551$485,018$6,394,343
98$9,139,411$1,217,445$432,059$6,949,422
99$10,000,244$1,205,713$375,146$7,559,118
100$10,946,633$1,191,157$314,078$8,228,987