Can I retire at age 71 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$71,596$70,958$70,336$69,729$69,136$68,414
2 years$35,444$34,783$34,144$33,523$32,922$32,195
3 years$23,394$22,731$22,093$21,479$20,887$20,177
4 years$17,371$16,710$16,078$15,474$14,897$14,210
5 years$13,758$13,101$12,477$11,886$11,324$10,663
6 years$11,350$10,698$10,084$9,505$8,961$8,325
7 years$9,631$8,984$8,379$7,815$7,287$6,677
8 years$8,342$7,701$7,106$6,556$6,046$5,462
9 years$7,340$6,705$6,121$5,584$5,091$4,533
10 years$6,539$5,910$5,336$4,813$4,338$3,805
11 years$5,884$5,261$4,698$4,189$3,731$3,223
12 years$5,338$4,722$4,169$3,674$3,233$2,750
13 years$4,877$4,268$3,725$3,244$2,819$2,360
14 years$4,482$3,879$3,347$2,880$2,471$2,035
15 years$4,140$3,544$3,022$2,568$2,176$1,763
16 years$3,841$3,251$2,740$2,299$1,923$1,532
17 years$3,578$2,994$2,493$2,066$1,705$1,335
18 years$3,344$2,767$2,276$1,862$1,516$1,166
19 years$3,135$2,564$2,083$1,682$1,351$1,021
20 years$2,947$2,383$1,912$1,524$1,207$896
21 years$2,777$2,220$1,759$1,383$1,080$787
22 years$2,623$2,072$1,621$1,257$968$693
23 years$2,482$1,938$1,497$1,145$869$610
24 years$2,353$1,816$1,384$1,044$781$538
25 years$2,235$1,704$1,282$954$703$475
26 years$2,126$1,601$1,189$872$633$420
27 years$2,026$1,507$1,104$798$571$371
28 years$1,932$1,420$1,026$731$515$328
29 years$1,846$1,340$955$671$465$290
30 years$1,765$1,265$890$616$420$257
31 years$1,689$1,196$829$565$380$228
32 years$1,619$1,132$774$520$344$202
33 years$1,553$1,072$723$478$311$179
34 years$1,491$1,016$675$440$282$159
35 years$1,432$963$631$405$255$141
36 years$1,377$914$590$373$231$125
37 years$1,325$868$553$343$209$111
38 years$1,276$825$518$316$190$98
39 years$1,229$785$485$292$172$87
40 years$1,185$747$454$269$156$78
41 years$1,144$711$426$248$142$69
42 years$1,104$677$400$229$129$61
43 years$1,066$645$375$212$117$54
44 years$1,030$615$352$195$106$48
45 years$996$586$331$180$96$43
46 years$963$559$311$167$87$38
47 years$932$534$292$154$79$34
48 years$902$510$274$142$72$30
49 years$874$487$258$131$65$27
50 years$846$465$242$122$59$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $867,000, adding $2,897 every year, while hoping to spend $55,291 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: 64/9/27 Blend
70$867,000$867,000$867,000$867,000
71$958,422$912,471$899,033$1,012,738
72$997,352$898,353$870,321$1,035,717
73$1,038,400$881,690$838,795$1,054,442
74$1,081,723$862,299$804,300$1,073,691
75$1,127,493$839,986$766,679$1,093,523
76$1,175,898$814,546$725,763$1,114,003
77$1,227,142$785,762$681,379$1,135,207
78$1,281,450$753,403$633,344$1,157,220
79$1,339,064$717,226$581,468$1,180,139
80$1,400,253$676,975$525,551$1,204,072
81$1,465,308$632,376$465,387$1,229,142
82$1,534,549$583,142$400,757$1,255,486
83$1,608,326$528,968$331,435$1,283,260
84$1,687,021$469,534$257,184$1,312,637
85$1,771,054$404,498$177,757$1,343,812
86$1,860,886$333,503$92,896$1,377,004
87$1,957,020$256,168$2,331$1,412,458
88$2,060,008$172,093$0$1,450,447
89$2,170,458$80,854$0$1,518,449
90$2,289,033$0$0$1,592,117
91$2,416,465$0$0$1,673,030
92$2,553,555$0$0$1,768,732
93$2,701,182$0$0$1,871,835
94$2,860,312$0$0$1,983,019
95$3,032,008$0$0$2,103,031
96$3,217,434$0$0$2,232,695
97$3,417,874$0$0$2,372,911
98$3,634,734$0$0$2,524,672
99$3,869,563$0$0$2,689,069
100$4,124,064$0$0$2,867,302