Can I retire at age 71 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$71,266$70,631$70,012$69,407$68,817$67,235
2 years$35,280$34,623$33,986$33,369$32,770$31,185
3 years$23,286$22,627$21,991$21,380$20,791$19,252
4 years$17,291$16,633$16,004$15,403$14,828$13,348
5 years$13,694$13,040$12,420$11,831$11,272$9,854
6 years$11,297$10,648$10,037$9,461$8,919$7,565
7 years$9,586$8,943$8,341$7,779$7,254$5,964
8 years$8,303$7,665$7,074$6,525$6,018$4,791
9 years$7,306$6,674$6,093$5,558$5,068$3,904
10 years$6,508$5,883$5,312$4,791$4,318$3,216
11 years$5,856$5,237$4,676$4,170$3,714$2,671
12 years$5,314$4,701$4,150$3,657$3,218$2,234
13 years$4,855$4,248$3,708$3,229$2,806$1,879
14 years$4,461$3,861$3,331$2,866$2,460$1,587
15 years$4,121$3,527$3,008$2,556$2,166$1,345
16 years$3,823$3,236$2,727$2,289$1,914$1,144
17 years$3,561$2,981$2,482$2,056$1,697$975
18 years$3,328$2,754$2,265$1,853$1,509$833
19 years$3,120$2,553$2,074$1,675$1,345$713
20 years$2,933$2,372$1,903$1,517$1,202$611
21 years$2,764$2,209$1,751$1,376$1,075$525
22 years$2,611$2,062$1,613$1,252$964$451
23 years$2,471$1,929$1,490$1,140$865$388
24 years$2,343$1,807$1,378$1,040$778$334
25 years$2,225$1,696$1,276$949$700$287
26 years$2,117$1,594$1,184$868$630$248
27 years$2,016$1,500$1,099$795$568$214
28 years$1,923$1,414$1,022$728$513$184
29 years$1,837$1,334$951$668$463$159
30 years$1,757$1,259$886$613$418$137
31 years$1,682$1,191$826$563$378$119
32 years$1,611$1,126$770$517$342$102
33 years$1,546$1,067$719$476$310$88
34 years$1,484$1,011$672$438$280$76
35 years$1,425$959$628$403$254$66
36 years$1,371$910$588$371$230$57
37 years$1,319$864$550$342$209$49
38 years$1,270$822$515$315$189$43
39 years$1,224$781$483$290$171$37
40 years$1,180$743$452$268$155$32
41 years$1,138$708$424$247$141$28
42 years$1,099$674$398$228$128$24
43 years$1,061$642$373$211$116$21
44 years$1,025$612$350$194$105$18
45 years$991$584$329$180$96$15
46 years$959$557$309$166$87$13
47 years$928$531$290$153$79$12
48 years$898$507$273$142$72$10
49 years$870$484$256$131$65$9
50 years$843$463$241$121$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $863,000, adding $2,711 every year, while hoping to spend $57,309 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: 61/10/29 Blend
70$863,000$863,000$863,000$863,000
71$953,822$908,083$894,707$1,004,379
72$990,136$891,603$863,703$1,022,668
73$1,028,233$872,395$829,740$1,036,231
74$1,068,234$850,264$792,658$1,049,837
75$1,110,272$825,005$752,290$1,063,505
76$1,154,490$796,400$708,462$1,077,254
77$1,201,043$764,219$660,991$1,091,112
78$1,250,102$728,218$609,687$1,105,109
79$1,301,851$688,140$554,350$1,119,285
80$1,356,493$643,711$494,773$1,133,682
81$1,414,246$594,644$430,739$1,148,355
82$1,475,351$540,633$362,020$1,163,364
83$1,540,069$481,356$288,381$1,178,781
84$1,608,687$416,474$209,572$1,194,689
85$1,681,517$345,625$125,337$1,211,182
86$1,758,901$268,430$35,405$1,228,371
87$1,841,213$184,487$0$1,246,379
88$1,928,863$93,373$0$1,284,093
89$2,022,298$0$0$1,335,841
90$2,122,009$0$0$1,391,527
91$2,228,534$0$0$1,462,035
92$2,342,462$0$0$1,537,485
93$2,464,439$0$0$1,618,310
94$2,595,173$0$0$1,704,985
95$2,735,443$0$0$1,798,031
96$2,886,100$0$0$1,898,021
97$3,048,081$0$0$2,005,583
98$3,222,414$0$0$2,121,405
99$3,410,226$0$0$2,246,246
100$3,612,757$0$0$2,380,938