Can I retire at age 71 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$66,063$65,475$64,901$64,340$63,793$62,175
2 years$32,705$32,095$31,505$30,933$30,378$28,758
3 years$21,586$20,975$20,386$19,819$19,273$17,702
4 years$16,029$15,419$14,836$14,278$13,746$12,236
5 years$12,695$12,088$11,513$10,967$10,449$9,005
6 years$10,473$9,871$9,304$8,771$8,268$6,891
7 years$8,886$8,290$7,732$7,211$6,724$5,414
8 years$7,697$7,106$6,557$6,049$5,578$4,334
9 years$6,773$6,187$5,648$5,152$4,698$3,519
10 years$6,033$5,453$4,924$4,441$4,003$2,888
11 years$5,429$4,855$4,335$3,865$3,442$2,390
12 years$4,926$4,357$3,847$3,390$2,983$1,991
13 years$4,500$3,938$3,437$2,993$2,601$1,667
14 years$4,136$3,579$3,088$2,657$2,280$1,402
15 years$3,820$3,270$2,788$2,370$2,008$1,184
16 years$3,544$3,000$2,528$2,122$1,775$1,002
17 years$3,301$2,763$2,300$1,906$1,573$851
18 years$3,085$2,553$2,100$1,718$1,399$724
19 years$2,892$2,366$1,922$1,552$1,247$617
20 years$2,719$2,199$1,764$1,406$1,114$526
21 years$2,562$2,048$1,623$1,276$997$450
22 years$2,420$1,912$1,496$1,160$893$384
23 years$2,290$1,788$1,381$1,057$802$329
24 years$2,172$1,675$1,277$964$721$282
25 years$2,063$1,572$1,183$880$649$242
26 years$1,962$1,478$1,097$805$584$207
27 years$1,869$1,391$1,019$737$527$178
28 years$1,783$1,310$947$675$475$153
29 years$1,703$1,236$881$619$429$131
30 years$1,628$1,167$821$568$388$113
31 years$1,559$1,104$765$522$351$97
32 years$1,494$1,044$714$479$317$83
33 years$1,433$989$667$441$287$72
34 years$1,375$937$623$406$260$61
35 years$1,321$889$582$373$235$53
36 years$1,271$844$545$344$213$45
37 years$1,223$801$510$317$193$39
38 years$1,177$762$478$292$175$34
39 years$1,134$724$447$269$159$29
40 years$1,094$689$419$248$144$25
41 years$1,055$656$393$229$131$21
42 years$1,019$625$369$211$119$18
43 years$984$595$346$195$108$16
44 years$951$567$325$180$98$14
45 years$919$541$305$166$89$12
46 years$889$516$287$154$81$10
47 years$860$492$269$142$73$9
48 years$833$470$253$131$66$7
49 years$806$449$238$121$60$6
50 years$781$429$224$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $800,000, adding $5,604 every year, while hoping to spend $31,159 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: 74/15/11 Blend
70$800,000$800,000$800,000$800,000
71$887,381$844,981$832,581$950,751
72$944,740$853,232$827,319$1,001,595
73$1,006,907$860,843$820,837$1,052,841
74$1,074,337$867,750$813,061$1,108,125
75$1,147,533$873,884$803,912$1,167,837
76$1,227,050$879,172$793,312$1,232,407
77$1,313,495$883,538$781,174$1,302,311
78$1,407,538$886,898$767,410$1,378,070
79$1,509,916$889,164$751,926$1,460,262
80$1,621,438$890,244$734,627$1,549,522
81$1,742,997$890,039$715,410$1,646,550
82$1,875,575$888,443$694,168$1,752,118
83$2,020,252$885,345$670,791$1,867,077
84$2,178,217$880,626$645,161$1,992,365
85$2,350,779$874,160$617,158$2,129,017
86$2,539,380$865,815$586,654$2,278,171
87$2,745,605$855,449$553,516$2,441,085
88$2,971,203$842,912$517,605$2,619,144
89$3,218,096$828,045$478,775$2,813,875
90$3,488,404$810,681$436,875$3,026,963
91$3,784,457$790,641$391,747$3,260,263
92$4,108,825$767,736$343,224$3,515,821
93$4,464,338$741,767$291,134$3,795,894
94$4,854,109$712,522$235,296$4,102,968
95$5,281,571$679,779$175,521$4,439,786
96$5,750,502$643,299$111,613$4,809,369
97$6,265,067$602,834$43,365$5,215,051
98$6,829,849$558,119$0$5,660,503
99$7,449,901$508,873$0$6,153,235
100$8,130,784$454,802$0$6,699,909