Can I retire at age 71 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$67,880$67,275$66,685$66,110$65,547$63,808
2 years$33,604$32,978$32,372$31,783$31,213$29,472
3 years$22,180$21,552$20,947$20,364$19,803$18,116
4 years$16,469$15,843$15,244$14,671$14,124$12,503
5 years$13,044$12,421$11,830$11,269$10,737$9,187
6 years$10,761$10,143$9,560$9,012$8,495$7,018
7 years$9,131$8,518$7,945$7,409$6,909$5,505
8 years$7,909$7,301$6,738$6,215$5,732$4,399
9 years$6,959$6,357$5,803$5,294$4,827$3,565
10 years$6,199$5,603$5,059$4,564$4,113$2,920
11 years$5,578$4,988$4,454$3,972$3,537$2,412
12 years$5,061$4,477$3,953$3,484$3,065$2,005
13 years$4,624$4,046$3,532$3,076$2,673$1,676
14 years$4,249$3,678$3,173$2,730$2,343$1,407
15 years$3,925$3,360$2,865$2,435$2,063$1,185
16 years$3,642$3,083$2,598$2,180$1,823$1,001
17 years$3,392$2,839$2,364$1,959$1,617$848
18 years$3,170$2,623$2,158$1,765$1,437$720
19 years$2,972$2,431$1,975$1,595$1,281$612
20 years$2,794$2,259$1,813$1,445$1,144$521
21 years$2,633$2,104$1,667$1,311$1,024$444
22 years$2,487$1,964$1,537$1,192$918$379
23 years$2,353$1,837$1,419$1,086$824$324
24 years$2,231$1,721$1,312$990$741$277
25 years$2,119$1,615$1,215$904$666$237
26 years$2,016$1,518$1,127$827$600$202
27 years$1,921$1,429$1,047$757$541$173
28 years$1,832$1,346$973$693$488$148
29 years$1,750$1,270$906$636$441$127
30 years$1,673$1,200$843$584$398$109
31 years$1,602$1,134$786$536$360$93
32 years$1,535$1,073$734$493$326$80
33 years$1,472$1,016$685$453$295$69
34 years$1,413$963$640$417$267$59
35 years$1,358$913$598$384$242$50
36 years$1,306$867$560$353$219$43
37 years$1,256$823$524$326$199$37
38 years$1,210$783$491$300$180$32
39 years$1,166$744$460$277$163$27
40 years$1,124$708$431$255$148$23
41 years$1,084$674$404$235$134$20
42 years$1,047$642$379$217$122$17
43 years$1,011$612$356$201$111$15
44 years$977$583$334$185$100$13
45 years$944$556$313$171$91$11
46 years$913$530$294$158$83$9
47 years$884$506$277$146$75$8
48 years$855$483$260$135$68$7
49 years$828$461$244$125$62$6
50 years$803$441$230$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $822,000, adding $3,364 every year, while hoping to spend $57,410 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: 79/5/16 Blend
70$822,000$822,000$822,000$822,000
71$909,314$865,748$853,007$977,786
72$940,980$847,086$820,499$1,004,705
73$973,952$825,585$784,978$1,026,578
74$1,008,303$801,046$746,282$1,048,973
75$1,044,110$773,257$704,242$1,071,917
76$1,081,457$741,995$658,683$1,095,445
77$1,120,436$707,023$609,419$1,119,591
78$1,161,143$668,090$556,257$1,144,396
79$1,203,685$624,932$498,997$1,169,905
80$1,248,176$577,269$437,428$1,196,168
81$1,294,739$524,804$371,331$1,223,240
82$1,343,507$467,224$300,476$1,251,185
83$1,394,626$404,199$224,623$1,280,072
84$1,448,253$335,380$143,523$1,309,977
85$1,504,558$260,397$56,914$1,340,988
86$1,563,726$178,860$0$1,373,199
87$1,625,960$90,357$0$1,412,781
88$1,691,477$0$0$1,464,553
89$1,760,517$0$0$1,519,277
90$1,833,338$0$0$1,582,252
91$1,910,225$0$0$1,648,753
92$1,991,486$0$0$1,719,048
93$2,077,457$0$0$1,793,430
94$2,168,507$0$0$1,872,218
95$2,265,037$0$0$1,955,763
96$2,367,487$0$0$2,044,445
97$2,476,336$0$0$2,138,683
98$2,592,110$0$0$2,238,932
99$2,715,383$0$0$2,345,694
100$2,846,784$0$0$2,459,514