Can I retire at age 71 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$37,821$37,484$37,156$36,835$36,522$35,552
2 years$18,723$18,375$18,037$17,709$17,391$16,421
3 years$12,358$12,008$11,671$11,346$11,034$10,094
4 years$9,176$8,827$8,493$8,174$7,869$6,966
5 years$7,268$6,921$6,591$6,279$5,982$5,119
6 years$5,996$5,651$5,327$5,021$4,733$3,911
7 years$5,087$4,746$4,427$4,128$3,850$3,067
8 years$4,407$4,068$3,754$3,463$3,194$2,451
9 years$3,877$3,542$3,233$2,950$2,689$1,986
10 years$3,454$3,122$2,819$2,543$2,292$1,627
11 years$3,108$2,779$2,482$2,213$1,971$1,344
12 years$2,820$2,495$2,202$1,941$1,708$1,117
13 years$2,576$2,254$1,968$1,714$1,489$934
14 years$2,368$2,049$1,768$1,521$1,306$784
15 years$2,187$1,872$1,596$1,357$1,149$660
16 years$2,029$1,718$1,447$1,215$1,016$558
17 years$1,890$1,582$1,317$1,091$901$473
18 years$1,766$1,462$1,202$984$801$401
19 years$1,656$1,355$1,101$889$714$341
20 years$1,557$1,259$1,010$805$638$290
21 years$1,467$1,173$929$731$571$247
22 years$1,385$1,094$856$664$511$211
23 years$1,311$1,024$791$605$459$180
24 years$1,243$959$731$552$413$154
25 years$1,181$900$677$504$371$132
26 years$1,123$846$628$461$335$113
27 years$1,070$796$583$422$302$97
28 years$1,021$750$542$386$272$83
29 years$975$708$505$354$246$71
30 years$932$668$470$325$222$61
31 years$892$632$438$299$201$52
32 years$855$598$409$274$182$45
33 years$820$566$382$252$164$38
34 years$787$537$357$232$149$33
35 years$757$509$333$214$135$28
36 years$727$483$312$197$122$24
37 years$700$459$292$181$111$21
38 years$674$436$273$167$100$18
39 years$649$415$256$154$91$15
40 years$626$394$240$142$83$13
41 years$604$375$225$131$75$11
42 years$583$358$211$121$68$10
43 years$563$341$198$112$62$8
44 years$544$325$186$103$56$7
45 years$526$310$175$95$51$6
46 years$509$295$164$88$46$5
47 years$492$282$154$81$42$4
48 years$477$269$145$75$38$4
49 years$462$257$136$69$35$3
50 years$447$246$128$64$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $458,000, adding $4,362 every year, while hoping to spend $23,028 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: 53/42/5 Blend
70$458,000$458,000$458,000$458,000
71$509,215$484,941$477,842$535,417
72$536,654$484,202$469,349$552,891
73$566,119$482,654$459,798$568,984
74$597,794$480,235$449,132$585,928
75$631,878$476,876$437,287$603,805
76$668,592$472,505$424,199$622,711
77$708,176$467,046$409,798$642,749
78$750,898$460,419$394,013$664,033
79$797,047$452,537$376,770$686,695
80$846,944$443,310$357,991$710,875
81$900,942$432,641$337,593$736,734
82$959,427$420,430$315,491$764,449
83$1,022,826$406,568$291,597$794,215
84$1,091,605$390,941$265,817$826,252
85$1,166,280$373,428$238,053$860,802
86$1,247,417$353,902$208,204$898,134
87$1,335,638$332,228$176,164$938,547
88$1,431,629$308,264$141,821$982,372
89$1,536,144$281,857$105,060$1,029,978
90$1,650,011$252,848$65,760$1,081,771
91$1,774,144$221,070$23,795$1,138,206
92$1,909,547$186,342$0$1,199,782
93$2,057,326$148,478$0$1,268,177
94$2,218,698$107,279$0$1,344,312
95$2,395,004$62,534$0$1,427,609
96$2,587,717$14,021$0$1,518,830
97$2,798,463$0$0$1,618,821
98$3,029,028$0$0$1,746,308
99$3,281,383$0$0$1,892,980
100$3,557,695$0$0$2,053,621