Can I retire at age 71 with 435,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $435,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$35,922$35,602$35,290$34,985$34,688$33,835
2 years$17,783$17,452$17,131$16,820$16,518$15,664
3 years$11,738$11,405$11,085$10,777$10,480$9,652
4 years$8,716$8,384$8,067$7,764$7,474$6,678
5 years$6,903$6,573$6,260$5,963$5,682$4,920
6 years$5,695$5,367$5,059$4,769$4,496$3,769
7 years$4,832$4,508$4,204$3,921$3,656$2,964
8 years$4,185$3,864$3,566$3,289$3,033$2,376
9 years$3,683$3,364$3,071$2,802$2,554$1,931
10 years$3,281$2,965$2,677$2,415$2,176$1,587
11 years$2,952$2,640$2,357$2,102$1,872$1,315
12 years$2,678$2,369$2,092$1,844$1,622$1,097
13 years$2,447$2,141$1,869$1,628$1,415$920
14 years$2,249$1,946$1,679$1,445$1,240$775
15 years$2,077$1,778$1,516$1,288$1,092$655
16 years$1,927$1,631$1,375$1,154$965$555
17 years$1,795$1,502$1,251$1,037$856$472
18 years$1,678$1,388$1,142$934$761$402
19 years$1,573$1,287$1,045$844$678$343
20 years$1,478$1,196$959$765$606$293
21 years$1,393$1,114$882$694$542$251
22 years$1,316$1,040$813$631$486$215
23 years$1,245$972$751$575$436$184
24 years$1,181$911$694$524$392$158
25 years$1,121$855$643$479$353$136
26 years$1,067$803$597$438$318$117
27 years$1,016$756$554$401$286$100
28 years$970$713$515$367$258$86
29 years$926$672$479$337$233$74
30 years$885$635$446$309$211$64
31 years$848$600$416$284$191$55
32 years$812$568$388$261$172$47
33 years$779$538$363$240$156$41
34 years$748$510$339$221$141$35
35 years$719$483$317$203$128$30
36 years$691$459$296$187$116$26
37 years$665$436$277$172$105$22
38 years$640$414$260$159$95$19
39 years$617$394$243$146$86$17
40 years$595$375$228$135$78$14
41 years$574$357$214$125$71$12
42 years$554$340$201$115$65$11
43 years$535$324$188$106$59$9
44 years$517$308$177$98$53$8
45 years$500$294$166$91$48$7
46 years$483$281$156$84$44$6
47 years$468$268$146$77$40$5
48 years$453$256$138$71$36$4
49 years$438$244$129$66$33$4
50 years$425$233$122$61$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $435,000, adding $4,571 every year, while hoping to spend $25,237 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: 41/39/20 Blend
70$435,000$435,000$435,000$435,000
71$484,085$461,030$454,287$500,914
72$506,610$456,768$442,654$509,078
73$530,586$451,452$429,785$515,133
74$556,136$445,003$415,613$521,168
75$583,391$437,338$400,066$527,194
76$612,498$428,369$383,069$533,225
77$643,617$418,003$364,546$539,281
78$676,922$406,141$344,414$545,381
79$712,606$392,680$322,590$551,554
80$750,878$377,507$298,983$557,831
81$791,970$360,508$273,501$564,248
82$836,135$341,557$246,047$570,851
83$883,651$320,524$216,521$577,690
84$934,825$297,270$184,815$584,825
85$989,991$271,651$150,821$592,325
86$1,049,518$243,509$114,421$600,270
87$1,113,811$212,684$75,496$608,750
88$1,183,315$179,001$33,921$617,871
89$1,258,520$142,278$0$627,751
90$1,339,962$102,322$0$640,756
91$1,428,233$58,931$0$662,682
92$1,523,982$11,889$0$686,486
93$1,627,926$0$0$712,399
94$1,740,849$0$0$757,428
95$1,863,617$0$0$811,980
96$1,997,182$0$0$871,381
97$2,142,589$0$0$936,103
98$2,300,991$0$0$1,006,665
99$2,473,656$0$0$1,083,640
100$2,661,979$0$0$1,167,657