Can I retire at age 71 with 440,000?

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 $440,000?

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$36,335$36,011$35,695$35,387$35,086$34,938
2 years$17,988$17,653$17,328$17,013$16,708$16,558
3 years$11,873$11,536$11,212$10,900$10,600$10,454
4 years$8,816$8,480$8,160$7,853$7,560$7,418
5 years$6,982$6,649$6,332$6,032$5,747$5,610
6 years$5,760$5,429$5,117$4,824$4,547$4,415
7 years$4,887$4,559$4,253$3,966$3,698$3,571
8 years$4,233$3,908$3,607$3,327$3,068$2,946
9 years$3,725$3,403$3,106$2,834$2,584$2,467
10 years$3,318$2,999$2,708$2,443$2,201$2,089
11 years$2,986$2,670$2,384$2,126$1,893$1,786
12 years$2,709$2,397$2,116$1,865$1,641$1,538
13 years$2,475$2,166$1,890$1,646$1,431$1,333
14 years$2,275$1,969$1,699$1,461$1,254$1,161
15 years$2,101$1,798$1,534$1,303$1,104$1,015
16 years$1,949$1,650$1,390$1,167$976$892
17 years$1,816$1,520$1,265$1,049$865$785
18 years$1,697$1,404$1,155$945$769$693
19 years$1,591$1,301$1,057$854$686$614
20 years$1,495$1,209$970$773$613$544
21 years$1,409$1,126$893$702$548$483
22 years$1,331$1,051$823$638$491$430
23 years$1,260$983$760$581$441$383
24 years$1,194$921$702$530$396$342
25 years$1,134$865$651$484$357$305
26 years$1,079$813$603$443$321$273
27 years$1,028$765$560$405$290$244
28 years$981$721$521$371$261$219
29 years$937$680$485$340$236$196
30 years$896$642$452$312$213$176
31 years$857$607$421$287$193$157
32 years$822$574$393$264$174$141
33 years$788$544$367$242$158$127
34 years$756$515$343$223$143$114
35 years$727$489$320$205$129$102
36 years$699$464$300$189$117$92
37 years$672$441$280$174$106$83
38 years$648$419$263$161$96$74
39 years$624$398$246$148$87$67
40 years$602$379$231$137$79$60
41 years$580$361$216$126$72$54
42 years$560$344$203$116$65$49
43 years$541$327$190$107$59$44
44 years$523$312$179$99$54$39
45 years$505$298$168$92$49$35
46 years$489$284$158$85$44$32
47 years$473$271$148$78$40$29
48 years$458$259$139$72$37$26
49 years$443$247$131$67$33$23
50 years$430$236$123$62$30$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $440,000, adding $3,345 every year, while hoping to spend $28,458 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: 48/46/6 Blend
70$440,000$440,000$440,000$440,000
71$488,330$465,010$458,190$510,852
72$507,861$457,517$443,261$519,121
73$528,430$448,702$426,877$524,802
74$550,113$438,472$408,961$530,296
75$572,993$426,725$389,429$535,594
76$597,160$413,357$368,197$540,687
77$622,712$398,253$345,173$545,566
78$649,757$381,296$320,265$550,226
79$678,411$362,358$293,373$554,662
80$708,804$341,308$264,395$558,871
81$741,073$318,004$233,224$562,852
82$775,374$292,297$199,748$566,608
83$811,872$264,030$163,850$570,144
84$850,752$233,036$125,408$573,469
85$892,213$199,140$84,294$576,596
86$936,477$162,155$40,375$579,545
87$983,782$121,886$0$582,338
88$1,034,395$78,125$0$585,424
89$1,088,603$30,652$0$591,208
90$1,146,724$0$0$597,161
91$1,209,106$0$0$613,858
92$1,276,133$0$0$648,503
93$1,348,222$0$0$685,800
94$1,425,836$0$0$725,992
95$1,509,479$0$0$769,347
96$1,599,706$0$0$816,157
97$1,697,130$0$0$866,745
98$1,802,419$0$0$921,463
99$1,916,312$0$0$980,701
100$2,039,619$0$0$1,044,888