Can I retire at age 71 with 387,000?

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 $387,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$31,958$31,673$31,396$31,125$30,860$30,704
2 years$15,821$15,526$15,241$14,964$14,695$14,538
3 years$10,442$10,147$9,862$9,587$9,323$9,169
4 years$7,754$7,459$7,177$6,907$6,649$6,500
5 years$6,141$5,848$5,569$5,305$5,055$4,911
6 years$5,066$4,775$4,501$4,243$4,000$3,861
7 years$4,299$4,010$3,740$3,488$3,253$3,119
8 years$3,723$3,437$3,172$2,926$2,699$2,570
9 years$3,276$2,993$2,732$2,492$2,273$2,150
10 years$2,919$2,638$2,382$2,149$1,936$1,819
11 years$2,626$2,349$2,097$1,870$1,665$1,553
12 years$2,383$2,108$1,861$1,640$1,443$1,336
13 years$2,177$1,905$1,663$1,448$1,258$1,156
14 years$2,001$1,732$1,494$1,285$1,103$1,005
15 years$1,848$1,582$1,349$1,146$971$878
16 years$1,715$1,451$1,223$1,026$858$770
17 years$1,597$1,337$1,113$922$761$677
18 years$1,493$1,235$1,016$831$677$597
19 years$1,399$1,145$930$751$603$528
20 years$1,315$1,064$853$680$539$467
21 years$1,239$991$785$617$482$415
22 years$1,171$925$724$561$432$368
23 years$1,108$865$668$511$388$328
24 years$1,050$810$618$466$349$292
25 years$998$761$572$426$314$260
26 years$949$715$531$389$283$232
27 years$904$673$493$356$255$208
28 years$863$634$458$326$230$185
29 years$824$598$426$299$208$166
30 years$788$565$397$275$188$148
31 years$754$534$370$252$170$133
32 years$723$505$345$232$153$119
33 years$693$478$323$213$139$107
34 years$665$453$301$196$126$96
35 years$639$430$282$181$114$86
36 years$615$408$264$166$103$77
37 years$591$388$247$153$94$69
38 years$570$368$231$141$85$62
39 years$549$350$216$130$77$56
40 years$529$333$203$120$70$50
41 years$510$317$190$111$63$45
42 years$493$302$178$102$57$40
43 years$476$288$167$94$52$36
44 years$460$274$157$87$47$33
45 years$445$262$148$81$43$29
46 years$430$250$139$74$39$26
47 years$416$238$130$69$35$24
48 years$403$227$122$64$32$21
49 years$390$217$115$59$29$19
50 years$378$207$108$54$27$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $387,000, adding $6,034 every year, while hoping to spend $33,653 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: 61/14/25 Blend
70$387,000$387,000$387,000$387,000
71$432,698$412,187$406,189$455,869
72$441,027$396,578$383,989$456,695
73$449,077$379,076$359,919$453,404
74$456,785$359,552$333,878$449,080
75$464,079$337,873$305,765$443,629
76$470,879$313,892$275,472$436,948
77$477,096$287,460$242,888$428,925
78$482,630$258,416$207,895$419,440
79$487,370$226,590$170,371$408,362
80$491,192$191,803$130,188$395,549
81$493,958$153,866$87,214$380,846
82$495,516$112,579$41,310$364,084
83$495,694$67,731$0$345,082
84$494,304$19,099$0$325,687
85$491,136$0$0$315,529
86$485,956$0$0$308,551
87$478,507$0$0$302,973
88$468,502$0$0$295,659
89$455,624$0$0$286,395
90$439,522$0$0$274,944
91$419,806$0$0$261,045
92$396,046$0$0$244,406
93$367,765$0$0$224,708
94$334,436$0$0$201,594
95$295,475$0$0$174,673
96$250,239$0$0$143,510
97$198,015$0$0$107,625
98$138,015$0$0$66,489
99$69,368$0$0$19,516
100$0$0$0$0