Can I retire at age 71 with 459,000?

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 $459,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$37,904$37,566$37,237$36,915$36,601$35,233
2 years$18,764$18,415$18,076$17,748$17,429$16,066
3 years$12,385$12,034$11,696$11,371$11,058$9,743
4 years$9,196$8,846$8,512$8,192$7,887$6,630
5 years$7,284$6,936$6,606$6,292$5,995$4,800
6 years$6,009$5,664$5,338$5,032$4,744$3,611
7 years$5,099$4,756$4,436$4,137$3,858$2,788
8 years$4,416$4,077$3,762$3,471$3,201$2,191
9 years$3,886$3,550$3,240$2,956$2,695$1,746
10 years$3,462$3,129$2,825$2,548$2,297$1,405
11 years$3,115$2,785$2,487$2,218$1,975$1,140
12 years$2,826$2,500$2,207$1,945$1,712$930
13 years$2,582$2,259$1,972$1,717$1,493$763
14 years$2,373$2,054$1,772$1,524$1,308$628
15 years$2,192$1,876$1,600$1,360$1,152$519
16 years$2,034$1,721$1,450$1,217$1,018$429
17 years$1,894$1,585$1,320$1,094$903$356
18 years$1,770$1,465$1,205$986$803$296
19 years$1,659$1,358$1,103$891$715$246
20 years$1,560$1,262$1,012$807$639$205
21 years$1,470$1,175$931$732$572$171
22 years$1,388$1,097$858$666$513$143
23 years$1,314$1,026$792$606$460$119
24 years$1,246$961$733$553$414$100
25 years$1,183$902$679$505$372$84
26 years$1,126$848$629$462$335$70
27 years$1,072$798$585$423$302$58
28 years$1,023$752$543$387$273$49
29 years$977$709$506$355$246$41
30 years$934$670$471$326$223$34
31 years$894$633$439$299$201$29
32 years$857$599$410$275$182$24
33 years$822$567$383$253$165$20
34 years$789$538$357$233$149$17
35 years$758$510$334$214$135$14
36 years$729$484$313$197$122$12
37 years$701$460$293$182$111$10
38 years$675$437$274$168$101$8
39 years$651$416$257$154$91$7
40 years$628$395$241$142$83$6
41 years$605$376$226$131$75$5
42 years$584$358$212$121$68$4
43 years$564$341$199$112$62$3
44 years$545$325$186$103$56$3
45 years$527$310$175$96$51$2
46 years$510$296$164$88$46$2
47 years$493$283$154$82$42$2
48 years$478$270$145$75$38$1
49 years$463$258$136$70$35$1
50 years$448$246$128$64$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $459,000, adding $4,069 every year, while hoping to spend $35,551 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: 45/40/15 Blend
70$459,000$459,000$459,000$459,000
71$510,015$485,688$478,574$530,606
72$524,211$471,661$456,780$531,345
73$538,663$455,755$433,065$528,245
74$553,360$437,840$407,326$524,113
75$568,288$417,780$379,457$518,868
76$583,431$395,429$349,346$512,423
77$598,771$370,634$316,879$504,688
78$614,283$343,233$281,932$495,563
79$629,942$313,054$244,379$484,945
80$645,718$279,916$204,088$472,722
81$661,577$243,627$160,920$458,775
82$677,477$203,984$114,730$442,977
83$693,375$160,774$65,369$425,192
84$709,218$113,772$12,678$405,276
85$724,949$62,737$0$383,074
86$740,501$7,418$0$365,393
87$755,800$0$0$347,703
88$770,762$0$0$350,901
89$785,293$0$0$357,121
90$799,288$0$0$363,043
91$812,628$0$0$368,609
92$825,180$0$0$373,751
93$836,797$0$0$378,395
94$847,314$0$0$382,458
95$856,546$0$0$385,848
96$864,288$0$0$388,461
97$870,312$0$0$390,184
98$874,363$0$0$390,889
99$876,159$0$0$390,434
100$875,385$0$0$388,662