Can I retire at age 71 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$67,550$66,948$66,361$65,788$65,228$64,095
2 years$33,440$32,818$32,214$31,629$31,061$29,923
3 years$22,072$21,447$20,845$20,265$19,706$18,599
4 years$16,389$15,766$15,170$14,600$14,055$12,987
5 years$12,980$12,360$11,772$11,214$10,684$9,658
6 years$10,708$10,093$9,514$8,968$8,454$7,471
7 years$9,086$8,476$7,906$7,373$6,875$5,936
8 years$7,870$7,266$6,705$6,185$5,704$4,808
9 years$6,925$6,326$5,775$5,268$4,803$3,951
10 years$6,169$5,576$5,035$4,541$4,093$3,282
11 years$5,551$4,964$4,432$3,952$3,520$2,751
12 years$5,036$4,456$3,934$3,467$3,050$2,322
13 years$4,601$4,027$3,514$3,061$2,660$1,970
14 years$4,229$3,660$3,158$2,717$2,332$1,680
15 years$3,906$3,343$2,851$2,423$2,053$1,438
16 years$3,624$3,068$2,585$2,169$1,814$1,235
17 years$3,375$2,825$2,352$1,949$1,609$1,064
18 years$3,155$2,611$2,147$1,757$1,430$918
19 years$2,957$2,419$1,966$1,587$1,275$794
20 years$2,780$2,248$1,804$1,438$1,139$688
21 years$2,620$2,094$1,659$1,305$1,019$597
22 years$2,474$1,955$1,529$1,186$914$518
23 years$2,342$1,828$1,412$1,080$820$451
24 years$2,220$1,713$1,306$985$737$392
25 years$2,109$1,608$1,210$900$663$342
26 years$2,006$1,511$1,122$823$597$298
27 years$1,911$1,422$1,042$753$539$260
28 years$1,823$1,340$968$690$486$227
29 years$1,741$1,264$901$633$439$198
30 years$1,665$1,194$839$581$397$173
31 years$1,594$1,128$783$533$359$151
32 years$1,527$1,068$730$490$324$132
33 years$1,465$1,011$682$451$293$115
34 years$1,406$958$637$415$266$101
35 years$1,351$909$596$382$241$88
36 years$1,299$863$557$352$218$77
37 years$1,250$819$521$324$198$67
38 years$1,204$779$488$299$179$59
39 years$1,160$741$457$275$162$52
40 years$1,118$705$429$254$147$45
41 years$1,079$671$402$234$134$40
42 years$1,041$639$377$216$121$35
43 years$1,006$609$354$200$110$30
44 years$972$580$332$184$100$26
45 years$940$553$312$170$91$23
46 years$909$528$293$157$82$20
47 years$879$504$275$145$75$18
48 years$851$481$259$134$68$16
49 years$824$459$243$124$62$14
50 years$799$439$229$115$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $818,000, adding $5,774 every year, while hoping to spend $45,294 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: 68/7/25 Blend
70$818,000$818,000$818,000$818,000
71$907,392$864,038$851,359$962,896
72$951,753$858,183$831,687$995,021
73$999,122$850,524$809,838$1,024,432
74$1,049,756$840,923$785,691$1,055,559
75$1,103,939$829,237$759,120$1,088,569
76$1,161,983$815,311$729,993$1,123,652
77$1,224,229$798,985$698,171$1,161,016
78$1,291,052$780,087$663,511$1,200,891
79$1,362,861$758,434$625,861$1,243,533
80$1,440,110$733,833$585,064$1,289,225
81$1,523,292$706,082$540,954$1,338,281
82$1,612,951$674,964$493,360$1,391,050
83$1,709,686$640,251$442,102$1,447,914
84$1,814,153$601,702$386,991$1,509,301
85$1,927,073$559,061$327,831$1,575,680
86$2,049,238$512,059$264,418$1,647,575
87$2,181,521$460,411$196,536$1,725,561
88$2,324,880$403,815$123,964$1,810,278
89$2,480,368$341,952$46,467$1,902,431
90$2,649,143$274,485$0$2,002,800
91$2,832,481$201,060$0$2,121,917
92$3,031,782$121,301$0$2,264,924
93$3,248,590$34,810$0$2,420,539
94$3,484,600$0$0$2,590,004
95$3,741,680$0$0$2,779,215
96$4,021,884$0$0$2,988,412
97$4,327,473$0$0$3,216,608
98$4,660,936$0$0$3,465,665
99$5,025,013$0$0$3,737,637
100$5,422,717$0$0$4,034,782