Can I retire at age 71 with 474,000?

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 $474,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$39,142$38,794$38,454$38,122$37,797$37,449
2 years$19,377$19,017$18,667$18,328$17,999$17,648
3 years$12,790$12,428$12,079$11,743$11,419$11,077
4 years$9,497$9,136$8,790$8,460$8,144$7,813
5 years$7,522$7,162$6,822$6,498$6,191$5,872
6 years$6,205$5,849$5,513$5,197$4,899$4,591
7 years$5,265$4,912$4,581$4,272$3,984$3,689
8 years$4,560$4,210$3,885$3,584$3,305$3,023
9 years$4,013$3,666$3,346$3,053$2,783$2,513
10 years$3,575$3,231$2,917$2,632$2,372$2,113
11 years$3,217$2,877$2,568$2,290$2,040$1,793
12 years$2,918$2,582$2,279$2,009$1,768$1,533
13 years$2,666$2,333$2,037$1,773$1,541$1,318
14 years$2,450$2,121$1,830$1,574$1,351$1,139
15 years$2,263$1,937$1,652$1,404$1,190$988
16 years$2,100$1,778$1,498$1,257$1,051$861
17 years$1,956$1,637$1,363$1,130$932$752
18 years$1,828$1,513$1,244$1,018$829$658
19 years$1,714$1,402$1,139$920$739$578
20 years$1,611$1,303$1,045$833$660$508
21 years$1,518$1,213$962$756$591$447
22 years$1,434$1,133$886$687$529$394
23 years$1,357$1,059$818$626$475$348
24 years$1,287$993$757$571$427$308
25 years$1,222$932$701$521$384$272
26 years$1,163$875$650$477$346$241
27 years$1,107$824$604$436$312$214
28 years$1,056$776$561$400$282$190
29 years$1,009$732$522$367$254$168
30 years$965$692$486$337$230$149
31 years$924$654$453$309$208$133
32 years$885$619$423$284$188$118
33 years$849$586$395$261$170$105
34 years$815$555$369$240$154$93
35 years$783$527$345$221$139$83
36 years$753$500$323$204$126$74
37 years$724$475$302$188$115$66
38 years$698$451$283$173$104$58
39 years$672$429$265$160$94$52
40 years$648$408$248$147$85$46
41 years$625$389$233$136$77$41
42 years$603$370$219$125$70$37
43 years$583$353$205$116$64$33
44 years$563$336$193$107$58$29
45 years$544$321$181$99$53$26
46 years$527$306$170$91$48$23
47 years$510$292$159$84$43$21
48 years$493$279$150$78$39$18
49 years$478$266$141$72$36$16
50 years$463$254$132$66$32$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $474,000, adding $2,021 every year, while hoping to spend $41,082 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: 58/29/13 Blend
70$474,000$474,000$474,000$474,000
71$524,433$499,311$491,964$553,027
72$534,214$480,066$464,734$553,326
73$543,616$458,501$435,214$548,916
74$552,557$434,460$403,286$543,137
75$560,944$407,775$368,823$535,864
76$568,676$378,272$331,694$526,960
77$575,638$345,764$291,763$516,277
78$581,703$310,056$248,886$503,655
79$586,727$270,939$202,914$488,919
80$590,553$228,195$153,692$471,881
81$593,005$181,592$101,056$452,336
82$593,886$130,885$44,836$430,062
83$592,980$75,816$0$404,817
84$590,045$16,112$0$378,443
85$584,812$0$0$355,325
86$576,986$0$0$344,438
87$566,235$0$0$336,799
88$552,195$0$0$327,035
89$534,462$0$0$314,884
90$512,587$0$0$300,061
91$486,075$0$0$282,247
92$454,376$0$0$261,091
93$416,884$0$0$236,203
94$372,927$0$0$207,155
95$321,762$0$0$173,469
96$262,568$0$0$134,621
97$194,438$0$0$90,029
98$116,369$0$0$39,052
99$27,253$0$0$0
100$0$0$0$0