Can I retire at age 71 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$38,482$38,139$37,805$37,478$37,159$36,787
2 years$19,050$18,696$18,352$18,018$17,695$17,320
3 years$12,574$12,218$11,875$11,545$11,226$10,860
4 years$9,337$8,981$8,642$8,317$8,007$7,652
5 years$7,395$7,042$6,706$6,388$6,087$5,745
6 years$6,100$5,750$5,420$5,109$4,816$4,488
7 years$5,176$4,829$4,504$4,200$3,917$3,602
8 years$4,484$4,139$3,820$3,524$3,249$2,948
9 years$3,945$3,604$3,290$3,001$2,736$2,448
10 years$3,514$3,177$2,868$2,587$2,332$2,056
11 years$3,162$2,828$2,525$2,252$2,005$1,743
12 years$2,869$2,538$2,241$1,975$1,738$1,488
13 years$2,621$2,294$2,002$1,744$1,515$1,278
14 years$2,409$2,085$1,799$1,548$1,328$1,103
15 years$2,225$1,905$1,624$1,380$1,170$955
16 years$2,065$1,748$1,473$1,236$1,034$831
17 years$1,923$1,609$1,340$1,110$917$725
18 years$1,797$1,487$1,223$1,001$815$634
19 years$1,685$1,378$1,120$904$726$555
20 years$1,584$1,281$1,028$819$649$487
21 years$1,493$1,193$945$743$581$429
22 years$1,410$1,114$871$676$520$377
23 years$1,334$1,042$804$615$467$333
24 years$1,265$976$744$561$420$294
25 years$1,201$916$689$513$378$259
26 years$1,143$861$639$469$340$229
27 years$1,089$810$593$429$307$203
28 years$1,039$763$552$393$277$180
29 years$992$720$513$360$250$159
30 years$949$680$478$331$226$141
31 years$908$643$446$304$204$125
32 years$870$608$416$279$185$111
33 years$835$576$388$257$167$98
34 years$801$546$363$236$151$87
35 years$770$518$339$217$137$78
36 years$740$491$317$200$124$69
37 years$712$467$297$185$113$61
38 years$686$444$278$170$102$54
39 years$661$422$261$157$93$48
40 years$637$401$244$145$84$43
41 years$615$382$229$133$76$38
42 years$593$364$215$123$69$34
43 years$573$347$202$114$63$30
44 years$554$330$189$105$57$27
45 years$535$315$178$97$52$24
46 years$518$301$167$90$47$21
47 years$501$287$157$83$43$19
48 years$485$274$147$76$39$17
49 years$470$262$138$71$35$15
50 years$455$250$130$65$32$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $466,000, adding $2,421 every year, while hoping to spend $21,946 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: 47/44/9 Blend
70$466,000$466,000$466,000$466,000
71$516,029$491,331$484,108$538,899
72$545,314$492,056$476,976$555,612
73$576,850$492,081$468,868$571,257
74$610,844$491,348$459,731$587,731
75$647,523$489,797$449,505$605,118
76$687,136$487,363$438,128$623,512
77$729,956$483,976$425,539$643,017
78$776,286$479,565$411,668$663,748
79$826,455$474,052$396,447$685,837
80$880,828$467,354$379,802$709,425
81$939,803$459,386$361,657$734,674
82$1,003,822$450,055$341,931$761,761
83$1,073,368$439,264$320,542$790,884
84$1,148,973$426,909$297,402$822,263
85$1,231,223$412,882$272,419$856,143
86$1,320,761$397,067$245,498$892,794
87$1,418,297$379,341$216,541$932,519
88$1,524,610$359,576$185,441$975,652
89$1,640,559$337,633$152,092$1,022,565
90$1,767,088$313,370$116,380$1,073,669
91$1,905,238$286,632$78,186$1,129,422
92$2,056,154$257,258$37,386$1,190,330
93$2,221,095$225,077$0$1,256,956
94$2,401,449$189,909$0$1,330,514
95$2,598,744$151,562$0$1,414,972
96$2,814,663$109,835$0$1,507,514
97$3,051,056$64,515$0$1,609,002
98$3,309,965$15,377$0$1,720,389
99$3,593,635$0$0$1,842,727
100$3,904,540$0$0$1,995,493