Can I retire at age 71 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$66,476$65,884$65,306$64,742$64,192$62,819
2 years$32,909$32,296$31,702$31,126$30,568$29,191
3 years$21,721$21,106$20,513$19,943$19,393$18,056
4 years$16,129$15,515$14,928$14,368$13,831$12,544
5 years$12,774$12,164$11,585$11,036$10,514$9,280
6 years$10,538$9,933$9,362$8,825$8,320$7,140
7 years$8,942$8,342$7,780$7,256$6,766$5,641
8 years$7,745$7,150$6,598$6,087$5,613$4,543
9 years$6,815$6,226$5,683$5,185$4,727$3,711
10 years$6,071$5,488$4,955$4,469$4,028$3,064
11 years$5,463$4,885$4,362$3,889$3,464$2,552
12 years$4,956$4,385$3,871$3,412$3,002$2,139
13 years$4,528$3,963$3,459$3,012$2,618$1,804
14 years$4,162$3,602$3,108$2,674$2,295$1,528
15 years$3,844$3,290$2,806$2,384$2,020$1,299
16 years$3,566$3,019$2,544$2,135$1,786$1,108
17 years$3,322$2,780$2,315$1,918$1,583$947
18 years$3,105$2,569$2,113$1,729$1,408$811
19 years$2,910$2,381$1,934$1,562$1,255$696
20 years$2,736$2,213$1,775$1,415$1,121$599
21 years$2,578$2,061$1,633$1,284$1,003$516
22 years$2,435$1,924$1,505$1,167$899$444
23 years$2,305$1,799$1,390$1,063$807$383
24 years$2,185$1,686$1,285$970$725$331
25 years$2,075$1,582$1,190$886$653$286
26 years$1,974$1,487$1,104$810$588$247
27 years$1,881$1,399$1,025$741$530$214
28 years$1,794$1,319$953$679$478$185
29 years$1,714$1,244$887$623$432$160
30 years$1,639$1,175$826$572$390$139
31 years$1,569$1,110$770$525$353$120
32 years$1,503$1,051$719$482$319$104
33 years$1,442$995$671$444$289$90
34 years$1,384$943$627$408$261$78
35 years$1,330$895$586$376$237$68
36 years$1,279$849$548$346$215$59
37 years$1,230$806$513$319$194$51
38 years$1,185$766$481$294$176$44
39 years$1,141$729$450$271$160$38
40 years$1,101$693$422$250$145$33
41 years$1,062$660$396$231$132$29
42 years$1,025$629$371$213$119$25
43 years$990$599$348$196$108$22
44 years$956$571$327$181$98$19
45 years$925$544$307$168$89$16
46 years$894$519$288$155$81$14
47 years$865$496$271$143$74$12
48 years$838$473$255$132$67$11
49 years$811$452$239$122$61$9
50 years$786$432$225$113$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $805,000, adding $6,633 every year, while hoping to spend $32,178 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: 62/30/8 Blend
70$805,000$805,000$805,000$805,000
71$893,952$851,287$838,809$947,485
72$950,898$858,763$832,672$991,550
73$1,012,574$865,527$825,251$1,035,291
74$1,079,428$871,509$816,469$1,082,215
75$1,151,955$876,638$806,245$1,132,629
76$1,230,695$880,834$794,495$1,186,872
77$1,316,245$884,015$781,131$1,245,318
78$1,409,263$886,092$766,059$1,308,381
79$1,510,469$886,972$749,184$1,376,515
80$1,620,659$886,555$730,403$1,450,225
81$1,740,705$884,736$709,611$1,530,065
82$1,871,571$881,401$686,697$1,616,649
83$2,014,314$876,433$661,544$1,710,652
84$2,170,100$869,704$634,032$1,812,822
85$2,340,212$861,081$604,033$1,923,981
86$2,526,061$850,422$571,416$2,045,039
87$2,729,202$837,575$536,041$2,177,000
88$2,951,345$822,381$497,763$2,320,969
89$3,194,377$804,672$456,432$2,478,170
90$3,460,370$784,267$411,889$2,649,950
91$3,751,609$760,978$363,969$2,837,798
92$4,070,611$734,604$312,500$3,043,354
93$4,420,146$704,932$257,301$3,268,430
94$4,803,264$671,737$198,184$3,515,025
95$5,223,327$634,782$134,954$3,785,343
96$5,684,036$593,816$67,404$4,081,818
97$6,189,467$548,572$0$4,407,133
98$6,744,110$498,769$0$4,764,650
99$7,352,910$444,111$0$5,163,401
100$8,021,318$384,282$0$5,601,251