Can I retire at age 71 with 474,000?

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 $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%15.5%
1 years$39,142$38,794$38,454$38,122$37,797$36,944
2 years$19,377$19,017$18,667$18,328$17,999$17,143
3 years$12,790$12,428$12,079$11,743$11,419$10,589
4 years$9,497$9,136$8,790$8,460$8,144$7,345
5 years$7,522$7,162$6,822$6,498$6,191$5,425
6 years$6,205$5,849$5,513$5,197$4,899$4,167
7 years$5,265$4,912$4,581$4,272$3,984$3,287
8 years$4,560$4,210$3,885$3,584$3,305$2,642
9 years$4,013$3,666$3,346$3,053$2,783$2,154
10 years$3,575$3,231$2,917$2,632$2,372$1,776
11 years$3,217$2,877$2,568$2,290$2,040$1,476
12 years$2,918$2,582$2,279$2,009$1,768$1,235
13 years$2,666$2,333$2,037$1,773$1,541$1,039
14 years$2,450$2,121$1,830$1,574$1,351$878
15 years$2,263$1,937$1,652$1,404$1,190$745
16 years$2,100$1,778$1,498$1,257$1,051$634
17 years$1,956$1,637$1,363$1,130$932$541
18 years$1,828$1,513$1,244$1,018$829$463
19 years$1,714$1,402$1,139$920$739$396
20 years$1,611$1,303$1,045$833$660$340
21 years$1,518$1,213$962$756$591$292
22 years$1,434$1,133$886$687$529$251
23 years$1,357$1,059$818$626$475$216
24 years$1,287$993$757$571$427$186
25 years$1,222$932$701$521$384$160
26 years$1,163$875$650$477$346$138
27 years$1,107$824$604$436$312$119
28 years$1,056$776$561$400$282$103
29 years$1,009$732$522$367$254$89
30 years$965$692$486$337$230$77
31 years$924$654$453$309$208$67
32 years$885$619$423$284$188$57
33 years$849$586$395$261$170$50
34 years$815$555$369$240$154$43
35 years$783$527$345$221$139$37
36 years$753$500$323$204$126$32
37 years$724$475$302$188$115$28
38 years$698$451$283$173$104$24
39 years$672$429$265$160$94$21
40 years$648$408$248$147$85$18
41 years$625$389$233$136$77$16
42 years$603$370$219$125$70$14
43 years$583$353$205$116$64$12
44 years$563$336$193$107$58$10
45 years$544$321$181$99$53$9
46 years$527$306$170$91$48$8
47 years$510$292$159$84$43$7
48 years$493$279$150$78$39$6
49 years$478$266$141$72$36$5
50 years$463$254$132$66$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $474,000, adding $4,981 every year, while hoping to spend $22,247 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: 89/6/5 Blend
70$474,000$474,000$474,000$474,000
71$527,486$502,364$495,017$574,056
72$557,619$503,309$487,929$606,051
73$590,080$503,555$479,859$637,558
74$625,082$503,044$470,749$671,458
75$662,862$501,714$460,540$707,976
76$703,677$499,501$449,171$747,358
77$747,811$496,336$436,577$789,874
78$795,576$492,144$422,691$835,823
79$847,315$486,849$407,441$885,532
80$903,404$480,369$390,754$939,361
81$964,260$472,615$372,552$997,710
82$1,030,336$463,495$352,755$1,061,013
83$1,102,136$452,912$331,278$1,129,754
84$1,180,211$440,761$308,032$1,204,463
85$1,265,167$426,934$282,926$1,285,722
86$1,357,674$411,313$255,863$1,374,175
87$1,458,464$393,775$226,743$1,470,529
88$1,568,349$374,191$195,460$1,575,566
89$1,688,216$352,422$161,904$1,690,142
90$1,819,047$328,324$125,960$1,815,205
91$1,961,920$301,741$87,509$1,951,796
92$2,118,021$272,512$46,427$2,101,062
93$2,288,658$240,464$2,581$2,264,269
94$2,475,270$205,416$0$2,442,810
95$2,679,442$167,175$0$2,640,577
96$2,902,917$125,539$0$2,857,203
97$3,147,617$80,293$0$3,094,421
98$3,415,658$31,211$0$3,354,291
99$3,709,369$0$0$3,639,084
100$4,031,315$0$0$3,952,749