Can I retire at age 71 with 882,000?

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 $882,000?

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$72,835$72,186$71,553$70,935$70,332$68,715
2 years$36,057$35,385$34,734$34,103$33,491$31,872
3 years$23,799$23,125$22,475$21,850$21,248$19,676
4 years$17,671$16,999$16,356$15,742$15,154$13,642
5 years$13,996$13,327$12,693$12,091$11,520$10,071
6 years$11,546$10,883$10,258$9,670$9,116$7,732
7 years$9,797$9,139$8,524$7,950$7,413$6,095
8 years$8,486$7,834$7,229$6,669$6,150$4,897
9 years$7,467$6,821$6,227$5,680$5,179$3,990
10 years$6,652$6,012$5,429$4,897$4,413$3,287
11 years$5,985$5,353$4,779$4,262$3,795$2,730
12 years$5,431$4,804$4,241$3,738$3,289$2,283
13 years$4,961$4,342$3,789$3,300$2,868$1,920
14 years$4,560$3,946$3,405$2,929$2,514$1,622
15 years$4,212$3,605$3,074$2,613$2,214$1,375
16 years$3,908$3,308$2,787$2,339$1,956$1,169
17 years$3,640$3,046$2,536$2,102$1,735$997
18 years$3,402$2,815$2,315$1,894$1,542$851
19 years$3,189$2,609$2,119$1,711$1,375$729
20 years$2,998$2,424$1,945$1,550$1,228$625
21 years$2,825$2,258$1,789$1,407$1,099$536
22 years$2,668$2,108$1,649$1,279$985$461
23 years$2,525$1,971$1,523$1,165$884$396
24 years$2,394$1,847$1,408$1,062$795$341
25 years$2,274$1,733$1,304$970$715$294
26 years$2,163$1,629$1,210$887$644$253
27 years$2,061$1,533$1,123$812$581$218
28 years$1,966$1,445$1,044$744$524$188
29 years$1,878$1,363$972$682$473$163
30 years$1,795$1,287$905$626$428$140
31 years$1,719$1,217$844$575$387$121
32 years$1,647$1,151$787$529$350$105
33 years$1,580$1,090$735$486$316$90
34 years$1,516$1,033$687$447$287$78
35 years$1,457$980$642$412$260$68
36 years$1,401$930$601$379$235$58
37 years$1,348$884$562$349$213$50
38 years$1,298$840$526$322$193$44
39 years$1,251$798$493$297$175$38
40 years$1,206$760$462$274$159$33
41 years$1,163$723$434$253$144$28
42 years$1,123$689$407$233$131$24
43 years$1,085$656$382$215$119$21
44 years$1,048$625$358$199$108$18
45 years$1,013$596$336$184$98$16
46 years$980$569$316$170$89$14
47 years$948$543$297$157$81$12
48 years$918$518$279$145$73$10
49 years$889$495$262$134$67$9
50 years$861$473$246$124$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $882,000, adding $6,388 every year, while hoping to spend $58,194 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: 80/7/13 Blend
70$882,000$882,000$882,000$882,000
71$978,553$931,807$918,136$1,053,882
72$1,016,448$915,548$886,976$1,088,033
73$1,056,257$896,541$852,821$1,117,319
74$1,098,115$874,592$815,510$1,147,776
75$1,142,167$849,491$774,875$1,179,495
76$1,188,572$821,020$730,737$1,212,576
77$1,237,502$788,946$682,912$1,247,130
78$1,289,146$753,023$631,208$1,283,278
79$1,343,708$712,990$575,423$1,321,155
80$1,401,412$668,572$515,345$1,360,910
81$1,462,502$619,478$450,755$1,402,708
82$1,527,245$565,400$381,423$1,446,729
83$1,595,932$506,013$307,109$1,493,176
84$1,668,881$440,972$227,562$1,542,270
85$1,746,442$369,914$142,520$1,594,257
86$1,828,995$292,456$51,710$1,649,408
87$1,916,957$208,191$0$1,708,024
88$2,010,786$116,692$0$1,776,704
89$2,110,982$17,505$0$1,857,610
90$2,218,093$0$0$1,944,008
91$2,332,721$0$0$2,043,312
92$2,455,526$0$0$2,151,160
93$2,587,229$0$0$2,266,840
94$2,728,626$0$0$2,391,052
95$2,880,585$0$0$2,524,563
96$3,044,065$0$0$2,668,215
97$3,220,114$0$0$2,822,934
98$3,409,884$0$0$2,989,734
99$3,614,643$0$0$3,169,733
100$3,835,782$0$0$3,364,154