Can I retire at age 71 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$39,473$39,121$38,778$38,443$38,116$37,703
2 years$19,541$19,177$18,824$18,482$18,151$17,734
3 years$12,898$12,532$12,181$11,842$11,516$11,109
4 years$9,577$9,213$8,864$8,531$8,213$7,820
5 years$7,585$7,223$6,879$6,553$6,243$5,864
6 years$6,257$5,898$5,559$5,240$4,940$4,576
7 years$5,310$4,953$4,620$4,308$4,018$3,669
8 years$4,599$4,246$3,918$3,614$3,333$2,999
9 years$4,047$3,697$3,375$3,079$2,807$2,488
10 years$3,605$3,258$2,942$2,654$2,392$2,087
11 years$3,244$2,901$2,590$2,310$2,057$1,767
12 years$2,943$2,604$2,299$2,026$1,782$1,506
13 years$2,689$2,353$2,054$1,788$1,554$1,292
14 years$2,471$2,139$1,845$1,588$1,363$1,113
15 years$2,283$1,954$1,666$1,416$1,200$964
16 years$2,118$1,793$1,510$1,268$1,060$837
17 years$1,972$1,651$1,374$1,139$940$729
18 years$1,843$1,525$1,255$1,027$836$636
19 years$1,728$1,414$1,149$928$745$557
20 years$1,625$1,314$1,054$840$665$488
21 years$1,531$1,224$970$762$596$428
22 years$1,446$1,142$894$693$534$377
23 years$1,368$1,068$825$631$479$332
24 years$1,298$1,001$763$576$431$292
25 years$1,232$939$707$526$388$258
26 years$1,172$883$656$481$349$228
27 years$1,117$831$609$440$315$201
28 years$1,065$783$566$403$284$178
29 years$1,018$739$527$370$256$157
30 years$973$698$491$339$232$139
31 years$931$659$457$312$209$123
32 years$893$624$427$286$190$109
33 years$856$591$398$263$172$97
34 years$822$560$372$242$155$86
35 years$790$531$348$223$141$76
36 years$759$504$326$205$127$67
37 years$731$479$305$189$115$60
38 years$703$455$285$174$105$53
39 years$678$433$267$161$95$47
40 years$654$412$251$148$86$42
41 years$630$392$235$137$78$37
42 years$609$373$220$126$71$33
43 years$588$356$207$117$64$29
44 years$568$339$194$108$58$26
45 years$549$323$182$99$53$23
46 years$531$308$171$92$48$20
47 years$514$294$161$85$44$18
48 years$497$281$151$78$40$16
49 years$482$268$142$72$36$14
50 years$467$256$134$67$33$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $478,000, adding $4,196 every year, while hoping to spend $29,960 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: 83/6/11 Blend
70$478,000$478,000$478,000$478,000
71$531,084$505,750$498,341$573,852
72$553,378$498,655$483,158$595,375
73$576,941$490,207$466,463$614,590
74$601,872$480,311$448,172$634,785
75$628,277$468,860$428,201$656,044
76$656,274$455,747$406,458$678,454
77$685,989$440,854$382,850$702,117
78$717,563$424,059$357,278$727,139
79$751,148$405,232$329,641$753,641
80$786,912$384,234$299,830$781,756
81$825,036$360,921$267,733$811,628
82$865,721$335,138$233,234$843,417
83$909,187$306,722$196,210$877,301
84$955,674$275,501$156,533$913,475
85$1,005,446$241,294$114,070$952,152
86$1,058,792$203,908$68,682$993,569
87$1,116,029$163,140$20,223$1,037,988
88$1,177,506$118,775$0$1,085,696
89$1,243,604$70,587$0$1,140,707
90$1,314,742$18,337$0$1,202,448
91$1,391,382$0$0$1,268,948
92$1,474,029$0$0$1,343,176
93$1,563,238$0$0$1,424,614
94$1,659,621$0$0$1,512,607
95$1,763,849$0$0$1,607,770
96$1,876,659$0$0$1,710,778
97$1,998,861$0$0$1,822,371
98$2,131,348$0$0$1,943,365
99$2,275,099$0$0$2,074,657
100$2,431,193$0$0$2,217,232