Can I retire at age 71 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$36,170$35,847$35,533$35,226$34,927$34,222
2 years$17,906$17,572$17,249$16,936$16,632$15,924
3 years$11,819$11,484$11,161$10,851$10,552$9,864
4 years$8,776$8,442$8,123$7,817$7,526$6,863
5 years$6,950$6,618$6,303$6,005$5,721$5,086
6 years$5,734$5,404$5,094$4,802$4,527$3,919
7 years$4,865$4,539$4,233$3,948$3,681$3,102
8 years$4,214$3,890$3,590$3,312$3,054$2,502
9 years$3,708$3,387$3,092$2,821$2,572$2,047
10 years$3,303$2,986$2,696$2,432$2,191$1,694
11 years$2,972$2,658$2,373$2,116$1,885$1,413
12 years$2,697$2,386$2,106$1,856$1,633$1,187
13 years$2,464$2,156$1,882$1,639$1,424$1,003
14 years$2,264$1,960$1,691$1,455$1,248$851
15 years$2,092$1,790$1,527$1,297$1,099$725
16 years$1,941$1,643$1,384$1,162$972$620
17 years$1,807$1,513$1,259$1,044$861$531
18 years$1,689$1,398$1,150$941$766$456
19 years$1,584$1,295$1,053$850$683$392
20 years$1,489$1,204$966$770$610$338
21 years$1,403$1,121$888$699$546$292
22 years$1,325$1,047$819$635$489$252
23 years$1,254$979$756$578$439$218
24 years$1,189$917$699$528$395$189
25 years$1,129$861$648$482$355$163
26 years$1,074$809$601$441$320$142
27 years$1,023$761$558$403$288$123
28 years$976$717$519$369$260$107
29 years$932$677$483$339$235$92
30 years$892$639$449$311$212$80
31 years$853$604$419$286$192$70
32 years$818$572$391$262$174$61
33 years$784$541$365$241$157$53
34 years$753$513$341$222$142$46
35 years$723$487$319$204$129$40
36 years$696$462$298$188$117$35
37 years$669$439$279$173$106$30
38 years$645$417$261$160$96$26
39 years$621$397$245$147$87$23
40 years$599$377$230$136$79$20
41 years$578$359$215$125$72$17
42 years$558$342$202$116$65$15
43 years$539$326$190$107$59$13
44 years$520$311$178$99$54$11
45 years$503$296$167$91$49$10
46 years$487$283$157$84$44$9
47 years$471$270$147$78$40$7
48 years$456$257$138$72$36$6
49 years$441$246$130$66$33$6
50 years$428$235$122$61$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $438,000, adding $6,882 every year, while hoping to spend $31,383 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: 48/47/5 Blend
70$438,000$438,000$438,000$438,000
71$489,775$466,561$459,772$512,336
72$506,341$456,031$441,783$517,960
73$523,544$443,933$422,140$520,158
74$541,418$430,158$400,753$521,795
75$559,995$414,589$377,531$522,828
76$579,313$397,102$352,377$523,210
77$599,411$377,568$325,189$522,893
78$620,330$355,848$295,862$521,825
79$642,116$331,797$264,286$519,953
80$664,817$305,261$230,346$517,220
81$688,486$276,076$193,920$513,568
82$713,179$244,071$154,883$508,935
83$738,956$209,063$113,105$503,257
84$765,883$170,860$68,447$496,467
85$794,030$129,260$20,767$488,494
86$823,475$84,047$0$479,265
87$854,299$34,994$0$470,312
88$886,592$0$0$461,236
89$920,451$0$0$460,233
90$955,982$0$0$478,188
91$993,299$0$0$497,062
92$1,032,526$0$0$516,918
93$1,073,798$0$0$537,828
94$1,117,263$0$0$559,869
95$1,163,080$0$0$583,124
96$1,211,424$0$0$607,685
97$1,262,485$0$0$633,651
98$1,316,470$0$0$661,132
99$1,373,606$0$0$690,245
100$1,434,140$0$0$721,120