Can I retire at age 71 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$71,018$70,385$69,768$69,166$68,578$67,525
2 years$35,157$34,503$33,868$33,253$32,656$31,598
3 years$23,205$22,548$21,915$21,305$20,718$19,688
4 years$17,231$16,575$15,948$15,349$14,776$13,782
5 years$13,647$12,995$12,377$11,790$11,233$10,276
6 years$11,258$10,611$10,002$9,428$8,888$7,971
7 years$9,553$8,911$8,312$7,752$7,228$6,351
8 years$8,274$7,639$7,049$6,503$5,997$5,159
9 years$7,280$6,651$6,071$5,539$5,050$4,252
10 years$6,486$5,862$5,293$4,774$4,303$3,543
11 years$5,836$5,219$4,660$4,155$3,701$2,979
12 years$5,295$4,684$4,136$3,645$3,207$2,522
13 years$4,838$4,233$3,695$3,218$2,796$2,148
14 years$4,446$3,848$3,320$2,856$2,451$1,837
15 years$4,107$3,515$2,997$2,547$2,158$1,578
16 years$3,810$3,225$2,718$2,281$1,908$1,360
17 years$3,549$2,970$2,473$2,049$1,691$1,175
18 years$3,317$2,745$2,257$1,847$1,504$1,018
19 years$3,109$2,544$2,067$1,669$1,340$884
20 years$2,923$2,364$1,897$1,511$1,197$768
21 years$2,754$2,202$1,745$1,372$1,071$669
22 years$2,601$2,055$1,608$1,247$960$583
23 years$2,462$1,922$1,485$1,136$862$509
24 years$2,334$1,801$1,373$1,036$775$445
25 years$2,217$1,690$1,272$946$697$389
26 years$2,109$1,588$1,179$865$628$340
27 years$2,009$1,495$1,095$792$566$298
28 years$1,917$1,409$1,018$725$511$261
29 years$1,831$1,329$947$665$461$229
30 years$1,751$1,255$882$611$417$201
31 years$1,676$1,186$823$561$377$176
32 years$1,606$1,123$768$515$341$155
33 years$1,540$1,063$717$474$309$136
34 years$1,479$1,008$670$436$279$119
35 years$1,421$956$626$401$253$105
36 years$1,366$907$586$370$229$92
37 years$1,314$861$548$341$208$81
38 years$1,266$819$513$314$188$71
39 years$1,219$779$481$289$171$62
40 years$1,176$741$451$267$155$55
41 years$1,134$705$423$246$141$48
42 years$1,095$671$397$227$128$42
43 years$1,057$640$372$210$116$37
44 years$1,022$610$349$194$105$33
45 years$988$582$328$179$95$29
46 years$955$555$308$165$87$25
47 years$925$529$289$153$79$22
48 years$895$505$272$141$71$20
49 years$867$483$256$130$65$17
50 years$840$461$240$121$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $860,000, adding $6,185 every year, while hoping to spend $21,362 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: 83/7/10 Blend
70$860,000$860,000$860,000$860,000
71$954,100$908,520$895,190$1,031,324
72$1,028,689$930,308$902,450$1,104,560
73$1,110,170$952,448$909,237$1,181,480
74$1,199,224$974,935$915,513$1,265,301
75$1,296,600$997,761$921,237$1,356,704
76$1,403,122$1,020,921$926,368$1,456,439
77$1,519,699$1,044,404$930,859$1,565,330
78$1,647,330$1,068,202$934,665$1,684,287
79$1,787,118$1,092,304$937,737$1,814,311
80$1,940,275$1,116,698$940,021$1,956,506
81$2,108,136$1,141,369$941,465$2,112,086
82$2,292,172$1,166,302$942,010$2,282,390
83$2,494,003$1,191,481$941,598$2,468,893
84$2,715,415$1,216,887$940,164$2,673,218
85$2,958,371$1,242,498$937,644$2,897,156
86$3,225,038$1,268,293$933,968$3,142,678
87$3,517,799$1,294,247$929,063$3,411,955
88$3,839,282$1,320,333$922,854$3,707,380
89$4,192,380$1,346,521$915,261$4,031,591
90$4,580,281$1,372,778$906,201$4,387,491
91$5,006,497$1,399,072$895,586$4,778,282
92$5,474,896$1,425,363$883,324$5,207,489
93$5,989,741$1,451,611$869,321$5,678,999
94$6,555,727$1,477,772$853,475$6,197,092
95$7,178,026$1,503,798$835,682$6,766,487
96$7,862,339$1,529,639$815,832$7,392,380
97$8,614,945$1,555,238$793,810$8,080,500
98$9,442,762$1,580,538$769,495$8,837,158
99$10,353,413$1,605,473$742,762$9,669,309
100$11,355,296$1,629,976$713,480$10,584,615