Can I retire at age 71 with 932,000?

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 $932,000?

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$76,964$76,278$75,609$74,956$74,319$73,178
2 years$38,101$37,391$36,704$36,037$35,390$34,243
3 years$25,148$24,436$23,750$23,089$22,453$21,336
4 years$18,673$17,963$17,284$16,634$16,014$14,935
5 years$14,789$14,083$13,413$12,777$12,173$11,137
6 years$12,201$11,500$10,840$10,218$9,632$8,639
7 years$10,353$9,658$9,008$8,401$7,834$6,883
8 years$8,967$8,278$7,639$7,047$6,499$5,591
9 years$7,890$7,208$6,580$6,002$5,473$4,608
10 years$7,029$6,353$5,736$5,174$4,663$3,840
11 years$6,325$5,656$5,050$4,503$4,010$3,228
12 years$5,738$5,076$4,482$3,950$3,475$2,733
13 years$5,243$4,588$4,004$3,487$3,031$2,327
14 years$4,818$4,170$3,598$3,095$2,657$1,991
15 years$4,450$3,809$3,248$2,761$2,339$1,710
16 years$4,129$3,495$2,945$2,472$2,067$1,474
17 years$3,846$3,219$2,680$2,221$1,833$1,274
18 years$3,594$2,974$2,446$2,001$1,630$1,103
19 years$3,370$2,757$2,240$1,809$1,453$958
20 years$3,168$2,562$2,055$1,638$1,298$833
21 years$2,985$2,386$1,891$1,487$1,161$725
22 years$2,819$2,227$1,742$1,352$1,041$632
23 years$2,668$2,083$1,609$1,231$934$552
24 years$2,530$1,952$1,488$1,123$840$482
25 years$2,403$1,832$1,378$1,025$756$422
26 years$2,286$1,721$1,278$937$681$369
27 years$2,178$1,620$1,187$858$614$323
28 years$2,077$1,527$1,103$786$554$283
29 years$1,984$1,440$1,027$721$500$248
30 years$1,897$1,360$956$662$452$218
31 years$1,816$1,286$892$608$408$191
32 years$1,740$1,217$832$558$369$167
33 years$1,669$1,152$777$514$334$147
34 years$1,602$1,092$726$473$303$129
35 years$1,539$1,036$679$435$274$113
36 years$1,480$983$635$401$248$100
37 years$1,424$934$594$369$225$87
38 years$1,372$887$556$340$204$77
39 years$1,322$844$521$314$185$68
40 years$1,274$803$489$289$168$59
41 years$1,229$764$458$267$152$52
42 years$1,187$728$430$246$138$46
43 years$1,146$693$403$227$125$40
44 years$1,107$661$379$210$114$35
45 years$1,071$630$355$194$103$31
46 years$1,035$601$334$179$94$27
47 years$1,002$574$314$166$85$24
48 years$970$548$295$153$77$21
49 years$939$523$277$141$70$19
50 years$910$500$260$131$64$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $932,000, adding $6,077 every year, while hoping to spend $43,815 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: 83/6/11 Blend
70$932,000$932,000$932,000$932,000
71$1,033,332$983,936$969,490$1,116,721
72$1,092,114$985,530$955,350$1,173,806
73$1,155,422$985,734$939,266$1,230,030
74$1,223,673$984,433$921,130$1,290,451
75$1,297,323$981,506$900,823$1,355,466
76$1,376,874$976,823$878,224$1,425,511
77$1,462,876$970,249$853,206$1,501,068
78$1,555,936$961,638$825,635$1,582,666
79$1,656,719$950,836$795,372$1,670,889
80$1,765,957$937,680$762,270$1,766,381
81$1,884,456$921,997$726,177$1,869,848
82$2,013,101$903,605$686,934$1,982,073
83$2,152,864$882,309$644,373$2,103,913
84$2,304,818$857,904$598,322$2,236,316
85$2,470,141$830,172$548,597$2,380,326
86$2,650,129$798,884$495,008$2,537,093
87$2,846,208$763,796$437,357$2,707,883
88$3,059,950$724,650$375,437$2,894,094
89$3,293,081$681,174$309,030$3,097,264
90$3,547,503$633,080$237,911$3,319,089
91$3,825,310$580,063$161,843$3,561,438
92$4,128,806$521,800$80,579$3,826,370
93$4,460,529$457,953$0$4,116,155
94$4,823,270$388,160$0$4,434,017
95$5,220,106$312,042$0$4,792,131
96$5,654,422$229,197$0$5,184,101
97$6,129,947$139,201$0$5,613,311
98$6,650,787$41,608$0$6,083,488
99$7,221,463$0$0$6,598,739
100$7,846,956$0$0$7,167,816