Can I retire at age 71 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$74,982$74,314$73,662$73,026$72,405$70,712
2 years$37,120$36,428$35,758$35,109$34,479$32,783
3 years$24,501$23,806$23,138$22,495$21,875$20,229
4 years$18,192$17,500$16,839$16,206$15,601$14,018
5 years$14,408$13,720$13,067$12,448$11,860$10,343
6 years$11,887$11,204$10,560$9,955$9,384$7,936
7 years$10,086$9,409$8,776$8,184$7,632$6,253
8 years$8,736$8,065$7,443$6,866$6,331$5,021
9 years$7,687$7,022$6,410$5,848$5,332$4,089
10 years$6,848$6,190$5,589$5,041$4,543$3,366
11 years$6,162$5,510$4,920$4,387$3,907$2,794
12 years$5,591$4,946$4,366$3,848$3,386$2,335
13 years$5,108$4,470$3,901$3,397$2,953$1,962
14 years$4,694$4,063$3,505$3,016$2,588$1,656
15 years$4,336$3,711$3,165$2,690$2,279$1,403
16 years$4,023$3,405$2,869$2,408$2,014$1,192
17 years$3,747$3,136$2,611$2,164$1,786$1,016
18 years$3,502$2,898$2,383$1,950$1,588$867
19 years$3,283$2,686$2,182$1,762$1,415$742
20 years$3,086$2,496$2,002$1,596$1,264$635
21 years$2,908$2,325$1,842$1,448$1,131$545
22 years$2,747$2,170$1,698$1,317$1,014$468
23 years$2,599$2,029$1,567$1,199$910$402
24 years$2,465$1,901$1,450$1,094$818$346
25 years$2,341$1,784$1,343$999$736$298
26 years$2,227$1,677$1,245$913$663$256
27 years$2,121$1,578$1,156$836$598$221
28 years$2,024$1,487$1,075$766$539$190
29 years$1,933$1,403$1,000$702$487$164
30 years$1,848$1,325$932$645$440$142
31 years$1,769$1,253$869$592$398$122
32 years$1,695$1,185$810$544$360$105
33 years$1,626$1,122$757$500$326$91
34 years$1,561$1,064$707$460$295$79
35 years$1,500$1,009$661$424$267$68
36 years$1,442$958$618$390$242$59
37 years$1,388$910$579$360$219$51
38 years$1,336$864$542$331$199$44
39 years$1,288$822$508$306$180$38
40 years$1,241$782$476$282$164$33
41 years$1,198$744$446$260$148$28
42 years$1,156$709$419$240$135$24
43 years$1,116$676$393$222$122$21
44 years$1,079$644$369$205$111$18
45 years$1,043$614$346$189$101$16
46 years$1,009$586$325$175$91$14
47 years$976$559$306$161$83$12
48 years$945$534$287$149$75$10
49 years$915$510$270$138$68$9
50 years$887$487$254$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $908,000, adding $5,413 every year, while hoping to spend $49,558 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: 47/35/18 Blend
70$908,000$908,000$908,000$908,000
71$1,006,200$958,076$944,002$1,048,124
72$1,056,103$952,292$922,896$1,072,068
73$1,109,435$944,564$899,423$1,092,605
74$1,166,493$934,744$873,450$1,113,843
75$1,227,605$922,676$844,840$1,135,867
76$1,293,127$908,193$813,448$1,158,776
77$1,363,452$891,120$779,124$1,182,681
78$1,439,010$871,271$741,711$1,207,706
79$1,520,275$848,449$701,044$1,233,994
80$1,607,764$822,445$656,951$1,261,705
81$1,702,050$793,038$609,252$1,291,020
82$1,803,756$759,994$557,760$1,322,143
83$1,913,572$723,066$502,277$1,355,303
84$2,032,252$681,993$442,599$1,390,756
85$2,160,628$636,497$378,513$1,428,793
86$2,299,613$586,286$309,794$1,469,736
87$2,450,210$531,050$236,208$1,513,950
88$2,613,523$470,463$157,513$1,561,840
89$2,790,765$404,180$73,453$1,613,862
90$2,983,273$331,834$0$1,670,522
91$3,192,513$253,040$0$1,735,511
92$3,420,102$167,391$0$1,821,599
93$3,667,816$74,458$0$1,915,424
94$3,937,612$0$0$2,017,834
95$4,231,640$0$0$2,139,862
96$4,552,270$0$0$2,304,295
97$4,902,107$0$0$2,483,804
98$5,284,022$0$0$2,679,875
99$5,701,171$0$0$2,894,140
100$6,157,032$0$0$3,128,399