Can I retire at age 71 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$76,386$75,705$75,041$74,393$73,761$71,832
2 years$37,815$37,110$36,428$35,766$35,124$33,194
3 years$24,959$24,252$23,571$22,916$22,284$20,413
4 years$18,533$17,828$17,154$16,509$15,893$14,096
5 years$14,678$13,977$13,312$12,681$12,082$10,363
6 years$12,109$11,413$10,758$10,141$9,560$7,921
7 years$10,275$9,585$8,940$8,337$7,775$6,216
8 years$8,900$8,216$7,582$6,994$6,450$4,971
9 years$7,831$7,154$6,530$5,957$5,432$4,031
10 years$6,976$6,306$5,693$5,135$4,628$3,304
11 years$6,277$5,613$5,012$4,469$3,980$2,730
12 years$5,695$5,038$4,448$3,920$3,449$2,271
13 years$5,203$4,553$3,974$3,461$3,008$1,900
14 years$4,782$4,139$3,571$3,072$2,637$1,596
15 years$4,417$3,781$3,224$2,740$2,322$1,345
16 years$4,098$3,469$2,923$2,453$2,052$1,137
17 years$3,817$3,195$2,660$2,204$1,819$964
18 years$3,567$2,952$2,428$1,986$1,618$819
19 years$3,344$2,736$2,223$1,795$1,442$697
20 years$3,144$2,542$2,040$1,626$1,288$594
21 years$2,963$2,368$1,876$1,475$1,152$506
22 years$2,798$2,211$1,729$1,341$1,033$432
23 years$2,648$2,067$1,597$1,222$927$370
24 years$2,511$1,937$1,477$1,114$833$316
25 years$2,385$1,818$1,368$1,018$750$271
26 years$2,269$1,708$1,269$930$676$232
27 years$2,161$1,608$1,178$852$609$198
28 years$2,062$1,515$1,095$780$550$170
29 years$1,969$1,429$1,019$716$496$146
30 years$1,883$1,350$949$657$448$125
31 years$1,802$1,276$885$603$405$107
32 years$1,727$1,207$826$554$367$92
33 years$1,657$1,143$771$510$332$79
34 years$1,590$1,084$720$469$300$68
35 years$1,528$1,028$673$432$272$58
36 years$1,469$976$630$398$247$50
37 years$1,414$927$590$366$223$43
38 years$1,361$881$552$338$203$37
39 years$1,312$837$517$311$184$32
40 years$1,265$797$485$287$167$27
41 years$1,220$758$455$265$151$23
42 years$1,178$722$426$245$137$20
43 years$1,137$688$400$226$125$17
44 years$1,099$656$376$208$113$15
45 years$1,062$626$353$192$103$13
46 years$1,028$597$331$178$93$11
47 years$994$569$311$164$85$9
48 years$963$544$292$152$77$8
49 years$932$519$275$140$70$7
50 years$903$496$258$130$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $925,000, adding $6,832 every year, while hoping to spend $47,153 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: 63/27/10 Blend
70$925,000$925,000$925,000$925,000
71$1,026,397$977,372$963,035$1,088,368
72$1,080,919$975,093$945,126$1,128,349
73$1,139,422$971,122$925,037$1,165,892
74$1,202,262$965,326$902,645$1,205,696
75$1,269,831$957,564$877,821$1,247,978
76$1,342,557$947,688$850,431$1,292,980
77$1,420,911$935,539$820,334$1,340,972
78$1,505,413$920,949$787,384$1,392,250
79$1,596,630$903,740$751,426$1,447,142
80$1,695,187$883,725$712,301$1,506,012
81$1,801,773$860,703$669,839$1,569,265
82$1,917,140$834,464$623,865$1,637,346
83$2,042,120$804,785$574,196$1,710,749
84$2,177,625$771,428$520,641$1,790,022
85$2,324,659$734,144$462,998$1,875,770
86$2,484,325$692,668$401,059$1,968,662
87$2,657,837$646,720$334,606$2,069,440
88$2,846,531$596,004$263,410$2,178,924
89$3,051,876$540,207$187,233$2,298,020
90$3,275,489$478,998$105,826$2,427,733
91$3,519,148$412,029$18,931$2,569,171
92$3,784,812$338,929$0$2,723,560
93$4,074,635$259,308$0$2,900,134
94$4,390,988$172,755$0$3,095,183
95$4,736,483$78,834$0$3,308,374
96$5,113,993$0$0$3,541,574
97$5,526,683$0$0$3,803,648
98$5,978,035$0$0$4,115,955
99$6,471,886$0$0$4,457,733
100$7,012,458$0$0$4,831,915