Can I retire at age 71 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$67,137$66,539$65,955$65,386$64,830$63,134
2 years$33,236$32,617$32,017$31,435$30,871$29,175
3 years$21,937$21,316$20,717$20,141$19,586$17,942
4 years$16,289$15,669$15,077$14,510$13,969$12,389
5 years$12,901$12,285$11,700$11,145$10,619$9,108
6 years$10,643$10,032$9,456$8,913$8,402$6,962
7 years$9,031$8,424$7,858$7,328$6,833$5,463
8 years$7,822$7,221$6,664$6,147$5,669$4,369
9 years$6,883$6,287$5,740$5,236$4,774$3,543
10 years$6,131$5,542$5,004$4,514$4,068$2,904
11 years$5,517$4,934$4,405$3,928$3,498$2,400
12 years$5,006$4,428$3,910$3,446$3,032$1,996
13 years$4,573$4,002$3,493$3,042$2,644$1,670
14 years$4,203$3,638$3,138$2,700$2,317$1,403
15 years$3,882$3,323$2,834$2,408$2,040$1,182
16 years$3,602$3,049$2,569$2,156$1,803$1,000
17 years$3,355$2,808$2,338$1,937$1,599$847
18 years$3,135$2,595$2,134$1,746$1,422$720
19 years$2,939$2,405$1,954$1,578$1,267$612
20 years$2,763$2,234$1,793$1,429$1,132$522
21 years$2,604$2,081$1,649$1,297$1,013$445
22 years$2,459$1,943$1,520$1,179$908$380
23 years$2,328$1,817$1,403$1,074$815$325
24 years$2,207$1,703$1,298$979$733$278
25 years$2,096$1,598$1,202$894$659$238
26 years$1,994$1,502$1,115$818$594$204
27 years$1,900$1,413$1,035$749$535$174
28 years$1,812$1,332$962$686$483$150
29 years$1,731$1,256$896$629$436$128
30 years$1,655$1,186$834$577$394$110
31 years$1,584$1,122$778$530$356$94
32 years$1,518$1,061$726$487$322$81
33 years$1,456$1,005$678$448$292$69
34 years$1,398$952$633$412$264$60
35 years$1,343$903$592$379$239$51
36 years$1,291$857$554$349$217$44
37 years$1,242$814$518$322$196$38
38 years$1,196$774$485$297$178$32
39 years$1,153$736$455$274$161$28
40 years$1,111$700$426$252$146$24
41 years$1,072$667$400$233$133$21
42 years$1,035$635$375$215$121$18
43 years$1,000$605$352$198$109$15
44 years$966$577$330$183$99$13
45 years$934$550$310$169$90$11
46 years$903$524$291$156$82$10
47 years$874$500$274$144$74$8
48 years$846$478$257$133$68$7
49 years$819$456$242$123$61$6
50 years$794$436$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $813,000, adding $3,180 every year, while hoping to spend $31,021 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: 32/49/19 Blend
70$813,000$813,000$813,000$813,000
71$899,206$856,117$843,516$922,579
72$957,919$865,061$838,767$949,235
73$1,021,581$873,403$832,820$974,870
74$1,090,664$881,081$825,601$1,001,829
75$1,165,687$888,030$817,035$1,030,244
76$1,247,222$894,178$807,040$1,060,266
77$1,335,896$899,450$795,533$1,092,060
78$1,432,401$903,767$782,427$1,125,813
79$1,537,497$907,042$767,629$1,161,731
80$1,652,021$909,186$751,044$1,200,044
81$1,776,893$910,103$732,571$1,241,007
82$1,913,129$909,691$712,104$1,284,904
83$2,061,843$907,840$689,534$1,332,053
84$2,224,263$904,437$664,746$1,382,804
85$2,401,741$899,358$637,618$1,437,548
86$2,595,767$892,474$608,026$1,496,718
87$2,807,978$883,648$575,838$1,560,795
88$3,040,178$872,734$540,916$1,630,316
89$3,294,356$859,577$503,116$1,705,871
90$3,572,698$844,014$462,288$1,788,120
91$3,877,615$825,872$418,276$1,877,793
92$4,211,758$804,967$370,915$1,975,698
93$4,578,051$781,104$320,034$2,082,732
94$4,979,712$754,077$265,455$2,199,890
95$5,420,285$723,669$206,990$2,328,272
96$5,903,674$689,650$144,445$2,469,101
97$6,434,181$651,775$77,616$2,623,725
98$7,016,542$609,786$6,290$2,793,643
99$7,655,975$563,411$0$2,980,510
100$8,358,228$512,362$0$3,200,316