Can I retire at age 71 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$71,101$70,467$69,849$69,246$68,657$67,548
2 years$35,198$34,543$33,907$33,291$32,694$31,579
3 years$23,232$22,574$21,940$21,330$20,742$19,657
4 years$17,251$16,594$15,967$15,367$14,794$13,746
5 years$13,663$13,010$12,391$11,803$11,246$10,239
6 years$11,271$10,624$10,014$9,439$8,898$7,934
7 years$9,564$8,922$8,322$7,761$7,237$6,314
8 years$8,284$7,648$7,057$6,510$6,004$5,123
9 years$7,289$6,659$6,078$5,545$5,056$4,217
10 years$6,493$5,869$5,299$4,780$4,308$3,510
11 years$5,843$5,225$4,665$4,160$3,705$2,947
12 years$5,301$4,690$4,140$3,649$3,211$2,492
13 years$4,843$4,238$3,699$3,221$2,800$2,119
14 years$4,451$3,852$3,324$2,860$2,454$1,811
15 years$4,111$3,519$3,001$2,550$2,161$1,553
16 years$3,815$3,229$2,721$2,284$1,910$1,337
17 years$3,553$2,974$2,476$2,052$1,693$1,154
18 years$3,321$2,748$2,260$1,849$1,506$998
19 years$3,113$2,547$2,069$1,671$1,342$865
20 years$2,926$2,366$1,899$1,513$1,199$751
21 years$2,758$2,204$1,747$1,373$1,073$653
22 years$2,605$2,058$1,610$1,249$962$568
23 years$2,465$1,924$1,486$1,137$863$495
24 years$2,337$1,803$1,375$1,037$776$432
25 years$2,220$1,692$1,273$947$698$377
26 years$2,112$1,590$1,181$866$629$330
27 years$2,012$1,497$1,096$793$567$288
28 years$1,919$1,410$1,019$726$512$252
29 years$1,833$1,330$949$666$462$221
30 years$1,753$1,256$884$611$417$193
31 years$1,678$1,188$824$561$377$169
32 years$1,608$1,124$769$516$341$148
33 years$1,542$1,064$718$474$309$130
34 years$1,480$1,009$670$437$280$114
35 years$1,422$957$627$402$253$100
36 years$1,367$908$586$370$230$87
37 years$1,316$862$549$341$208$77
38 years$1,267$820$514$314$189$67
39 years$1,221$779$482$290$171$59
40 years$1,177$742$451$267$155$52
41 years$1,136$706$423$247$141$45
42 years$1,096$672$397$228$128$40
43 years$1,059$641$373$210$116$35
44 years$1,023$611$350$194$105$31
45 years$989$582$328$179$96$27
46 years$957$555$308$165$87$24
47 years$926$530$290$153$79$21
48 years$896$506$272$141$72$18
49 years$868$483$256$131$65$16
50 years$841$462$241$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $861,000, adding $4,756 every year, while hoping to spend $51,500 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: 68/14/18 Blend
70$861,000$861,000$861,000$861,000
71$953,728$908,095$894,749$1,014,095
72$996,212$897,796$869,928$1,044,712
73$1,041,304$885,266$842,549$1,071,710
74$1,089,215$870,342$812,472$1,099,972
75$1,140,177$852,850$779,551$1,129,619
76$1,194,442$832,607$743,633$1,160,784
77$1,252,288$809,418$704,558$1,193,617
78$1,314,019$783,077$662,158$1,228,286
79$1,379,967$753,366$616,259$1,264,974
80$1,450,497$720,054$566,677$1,303,887
81$1,526,010$682,899$513,222$1,345,254
82$1,606,942$641,640$455,695$1,389,328
83$1,693,777$596,007$393,887$1,436,392
84$1,787,040$545,710$327,580$1,486,758
85$1,887,312$490,443$256,548$1,540,773
86$1,995,229$429,886$180,554$1,598,823
87$2,111,488$363,696$99,348$1,661,336
88$2,236,858$291,515$12,674$1,728,784
89$2,372,180$212,962$0$1,801,695
90$2,518,381$127,636$0$1,895,980
91$2,676,477$35,112$0$2,000,550
92$2,847,588$0$0$2,113,740
93$3,032,943$0$0$2,246,424
94$3,233,893$0$0$2,396,178
95$3,451,926$0$0$2,558,707
96$3,688,675$0$0$2,735,235
97$3,945,939$0$0$2,927,108
98$4,225,696$0$0$3,135,807
99$4,530,123$0$0$3,362,963
100$4,861,613$0$0$3,610,369