Can I retire at age 71 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$39,390$39,039$38,697$38,363$38,037$37,561
2 years$19,500$19,137$18,785$18,444$18,113$17,634
3 years$12,871$12,506$12,155$11,817$11,491$11,025
4 years$9,557$9,193$8,846$8,514$8,196$7,745
5 years$7,569$7,208$6,865$6,539$6,230$5,796
6 years$6,244$5,886$5,548$5,229$4,930$4,513
7 years$5,298$4,943$4,610$4,299$4,009$3,610
8 years$4,589$4,237$3,910$3,607$3,326$2,944
9 years$4,038$3,689$3,368$3,072$2,801$2,437
10 years$3,597$3,252$2,936$2,648$2,387$2,039
11 years$3,237$2,895$2,585$2,305$2,053$1,722
12 years$2,937$2,598$2,294$2,022$1,779$1,464
13 years$2,683$2,348$2,049$1,785$1,551$1,253
14 years$2,466$2,134$1,841$1,584$1,360$1,077
15 years$2,278$1,950$1,663$1,413$1,197$929
16 years$2,113$1,789$1,507$1,265$1,058$805
17 years$1,968$1,647$1,372$1,137$938$699
18 years$1,840$1,522$1,252$1,024$834$609
19 years$1,725$1,411$1,146$926$743$531
20 years$1,621$1,311$1,052$838$664$464
21 years$1,528$1,221$968$761$594$406
22 years$1,443$1,140$892$692$533$356
23 years$1,366$1,066$823$630$478$312
24 years$1,295$999$762$575$430$275
25 years$1,230$937$705$525$387$241
26 years$1,170$881$654$480$348$212
27 years$1,114$829$607$439$314$187
28 years$1,063$781$565$402$283$165
29 years$1,015$737$525$369$256$145
30 years$971$696$489$339$231$128
31 years$929$658$456$311$209$113
32 years$891$623$426$286$189$100
33 years$854$590$398$263$171$88
34 years$820$559$371$242$155$78
35 years$788$530$347$223$140$69
36 years$758$503$325$205$127$61
37 years$729$478$304$189$115$54
38 years$702$454$285$174$104$47
39 years$676$432$267$161$95$42
40 years$652$411$250$148$86$37
41 years$629$391$234$137$78$33
42 years$607$372$220$126$71$29
43 years$587$355$206$116$64$26
44 years$567$338$194$107$58$23
45 years$548$323$182$99$53$20
46 years$530$308$171$92$48$18
47 years$513$294$161$85$44$16
48 years$496$280$151$78$40$14
49 years$481$268$142$72$36$12
50 years$466$256$133$67$33$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $477,000, adding $3,895 every year, while hoping to spend $33,728 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: 38/38/24 Blend
70$477,000$477,000$477,000$477,000
71$529,672$504,391$496,997$545,878
72$547,812$493,220$477,760$546,860
73$566,672$480,371$456,748$544,498
74$586,290$465,726$433,867$541,277
75$606,706$449,161$409,016$537,137
76$627,964$430,544$382,092$532,021
77$650,110$409,734$352,986$525,864
78$673,195$386,585$321,585$518,602
79$697,274$360,941$287,770$510,164
80$722,403$332,635$251,419$500,479
81$748,648$301,493$212,400$489,472
82$776,075$267,331$170,581$477,065
83$804,757$229,953$125,818$463,174
84$834,776$189,154$77,967$447,717
85$866,216$144,716$26,872$430,602
86$899,172$96,409$0$411,739
87$933,744$43,989$0$398,114
88$970,042$0$0$390,349
89$1,008,186$0$0$386,848
90$1,048,306$0$0$402,536
91$1,090,542$0$0$419,074
92$1,135,048$0$0$436,527
93$1,181,992$0$0$454,964
94$1,231,556$0$0$474,459
95$1,283,940$0$0$495,095
96$1,339,359$0$0$516,962
97$1,398,052$0$0$540,157
98$1,460,277$0$0$564,787
99$1,526,316$0$0$590,971
100$1,596,481$0$0$618,835