Can I retire at age 71 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$34,188$33,883$33,586$33,296$33,013$32,874
2 years$16,925$16,609$16,304$16,008$15,720$15,580
3 years$11,171$10,854$10,550$10,256$9,974$9,836
4 years$8,295$7,979$7,677$7,389$7,113$6,980
5 years$6,569$6,256$5,958$5,676$5,407$5,279
6 years$5,420$5,108$4,815$4,539$4,279$4,154
7 years$4,599$4,290$4,001$3,732$3,480$3,360
8 years$3,983$3,677$3,393$3,130$2,887$2,772
9 years$3,505$3,202$2,923$2,666$2,431$2,321
10 years$3,122$2,822$2,548$2,298$2,071$1,966
11 years$2,809$2,512$2,243$2,000$1,781$1,681
12 years$2,549$2,255$1,991$1,755$1,544$1,447
13 years$2,329$2,038$1,779$1,549$1,346$1,254
14 years$2,140$1,852$1,598$1,375$1,180$1,092
15 years$1,977$1,692$1,443$1,226$1,039$955
16 years$1,834$1,553$1,308$1,098$918$839
17 years$1,708$1,430$1,190$987$814$739
18 years$1,597$1,321$1,087$889$724$652
19 years$1,497$1,224$995$803$645$577
20 years$1,407$1,138$913$728$576$512
21 years$1,326$1,060$840$660$516$455
22 years$1,252$989$774$600$462$405
23 years$1,185$925$715$547$415$361
24 years$1,124$867$661$499$373$322
25 years$1,067$814$612$455$336$287
26 years$1,015$765$568$416$302$257
27 years$967$720$527$381$273$230
28 years$923$678$490$349$246$206
29 years$881$640$456$320$222$184
30 years$843$604$425$294$201$165
31 years$807$571$396$270$181$148
32 years$773$540$370$248$164$133
33 years$741$512$345$228$149$119
34 years$712$485$322$210$134$107
35 years$684$460$301$193$122$96
36 years$658$437$282$178$110$86
37 years$633$415$264$164$100$78
38 years$609$394$247$151$91$70
39 years$587$375$232$139$82$63
40 years$566$357$217$129$75$57
41 years$546$339$203$119$68$51
42 years$527$323$191$109$61$46
43 years$509$308$179$101$56$41
44 years$492$294$168$93$51$37
45 years$476$280$158$86$46$33
46 years$460$267$148$80$42$30
47 years$445$255$139$74$38$27
48 years$431$243$131$68$34$24
49 years$417$232$123$63$31$22
50 years$404$222$116$58$28$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $414,000, adding $4,868 every year, while hoping to spend $30,282 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: 46/25/29 Blend
70$414,000$414,000$414,000$414,000
71$461,249$439,307$432,890$478,423
72$476,077$428,614$415,172$480,390
73$491,402$416,381$395,846$479,228
74$507,243$402,502$374,825$477,390
75$523,621$386,863$352,020$474,830
76$540,555$369,344$327,338$471,499
77$558,067$349,817$300,679$467,345
78$576,180$328,149$271,942$462,313
79$594,919$304,196$241,020$456,347
80$614,307$277,809$207,801$449,386
81$634,373$248,828$172,169$441,367
82$655,143$217,085$134,001$432,224
83$676,649$182,402$93,171$421,888
84$698,920$144,593$49,545$410,285
85$721,990$103,459$2,985$397,339
86$745,894$58,790$0$382,970
87$770,670$10,365$0$381,544
88$796,358$0$0$380,447
89$822,998$0$0$390,278
90$850,636$0$0$403,440
91$879,319$0$0$417,105
92$909,098$0$0$431,299
93$940,028$0$0$446,047
94$972,166$0$0$461,379
95$1,005,574$0$0$477,324
96$1,040,318$0$0$493,915
97$1,076,470$0$0$511,188
98$1,114,105$0$0$529,179
99$1,153,306$0$0$547,930
100$1,194,161$0$0$567,484