Can I retire at age 71 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$36,995$36,666$36,344$36,031$35,724$35,147
2 years$18,315$17,973$17,643$17,322$17,011$16,431
3 years$12,088$11,746$11,416$11,099$10,793$10,228
4 years$8,976$8,634$8,308$7,996$7,698$7,152
5 years$7,109$6,770$6,447$6,142$5,852$5,328
6 years$5,865$5,528$5,210$4,912$4,630$4,128
7 years$4,976$4,642$4,330$4,038$3,766$3,286
8 years$4,310$3,979$3,672$3,387$3,124$2,666
9 years$3,793$3,465$3,163$2,885$2,631$2,194
10 years$3,379$3,054$2,757$2,487$2,242$1,826
11 years$3,040$2,719$2,428$2,165$1,928$1,534
12 years$2,758$2,440$2,154$1,899$1,671$1,297
13 years$2,520$2,205$1,925$1,676$1,457$1,103
14 years$2,316$2,004$1,729$1,488$1,277$942
15 years$2,139$1,831$1,561$1,327$1,124$808
16 years$1,985$1,680$1,416$1,188$994$696
17 years$1,849$1,547$1,288$1,068$881$600
18 years$1,728$1,430$1,176$962$783$519
19 years$1,620$1,325$1,077$869$698$450
20 years$1,523$1,231$988$787$624$391
21 years$1,435$1,147$909$715$558$340
22 years$1,355$1,071$838$650$500$296
23 years$1,283$1,001$773$592$449$258
24 years$1,216$938$715$540$404$225
25 years$1,155$880$662$493$363$196
26 years$1,099$827$614$451$327$172
27 years$1,047$779$571$412$295$150
28 years$998$734$530$378$266$131
29 years$954$692$494$347$240$115
30 years$912$654$460$318$217$100
31 years$873$618$429$292$196$88
32 years$836$585$400$268$178$77
33 years$802$554$373$247$161$68
34 years$770$525$349$227$146$59
35 years$740$498$326$209$132$52
36 years$712$473$305$193$119$46
37 years$685$449$286$177$108$40
38 years$659$426$267$164$98$35
39 years$635$406$251$151$89$31
40 years$612$386$235$139$81$27
41 years$591$367$220$128$73$24
42 years$570$350$207$118$66$21
43 years$551$333$194$109$60$18
44 years$532$318$182$101$55$16
45 years$515$303$171$93$50$14
46 years$498$289$160$86$45$12
47 years$482$276$151$80$41$11
48 years$466$263$142$74$37$9
49 years$451$251$133$68$34$8
50 years$437$240$125$63$31$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $448,000, adding $3,045 every year, while hoping to spend $41,043 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: 34/48/18 Blend
70$448,000$448,000$448,000$448,000
71$496,837$473,093$466,149$510,883
72$503,845$452,605$438,095$500,980
73$510,192$429,738$407,727$486,283
74$515,768$404,331$374,922$469,568
75$520,448$376,216$339,554$450,679
76$524,097$345,213$301,492$429,452
77$526,560$311,134$260,597$405,708
78$527,668$273,778$216,726$379,256
79$527,233$232,936$169,729$349,891
80$525,044$188,383$119,448$317,393
81$520,868$139,884$65,719$281,527
82$514,448$87,189$8,373$242,038
83$505,498$30,038$0$198,653
84$493,700$0$0$161,225
85$478,702$0$0$138,493
86$460,117$0$0$130,241
87$437,511$0$0$120,444
88$410,410$0$0$108,920
89$378,285$0$0$95,470
90$340,553$0$0$79,876
91$296,568$0$0$61,892
92$245,617$0$0$41,251
93$186,910$0$0$17,655
94$119,578$0$0$0
95$42,656$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0