Can I retire at age 71 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$39,886$39,530$39,184$38,845$38,515$38,272
2 years$19,745$19,378$19,021$18,676$18,341$18,096
3 years$13,033$12,664$12,308$11,966$11,636$11,397
4 years$9,677$9,309$8,957$8,621$8,299$8,067
5 years$7,664$7,298$6,951$6,621$6,309$6,085
6 years$6,323$5,960$5,617$5,295$4,992$4,776
7 years$5,365$5,005$4,668$4,354$4,060$3,852
8 years$4,647$4,290$3,959$3,652$3,368$3,169
9 years$4,089$3,735$3,410$3,111$2,836$2,646
10 years$3,643$3,293$2,973$2,681$2,417$2,234
11 years$3,278$2,931$2,617$2,334$2,078$1,904
12 years$2,974$2,631$2,323$2,047$1,801$1,635
13 years$2,717$2,378$2,075$1,807$1,571$1,412
14 years$2,497$2,161$1,865$1,604$1,377$1,226
15 years$2,306$1,974$1,683$1,431$1,212$1,069
16 years$2,140$1,811$1,526$1,281$1,071$935
17 years$1,993$1,668$1,389$1,151$950$821
18 years$1,863$1,541$1,268$1,037$845$722
19 years$1,746$1,429$1,161$937$753$637
20 years$1,642$1,328$1,065$849$672$563
21 years$1,547$1,237$980$770$602$498
22 years$1,461$1,154$903$700$539$442
23 years$1,383$1,080$834$638$484$392
24 years$1,311$1,011$771$582$435$348
25 years$1,245$949$714$531$392$310
26 years$1,185$892$662$486$353$276
27 years$1,128$840$615$445$318$246
28 years$1,077$791$572$407$287$219
29 years$1,028$746$532$374$259$196
30 years$983$705$496$343$234$175
31 years$941$666$462$315$212$156
32 years$902$630$431$289$191$139
33 years$865$597$403$266$173$125
34 years$830$566$376$245$157$111
35 years$798$537$352$225$142$100
36 years$767$509$329$208$129$89
37 years$738$484$308$191$117$80
38 years$711$460$288$176$106$71
39 years$685$437$270$163$96$64
40 years$660$416$253$150$87$57
41 years$637$396$237$138$79$51
42 years$615$377$223$128$72$46
43 years$594$359$209$118$65$41
44 years$574$343$196$109$59$37
45 years$555$327$184$101$54$33
46 years$537$312$173$93$49$30
47 years$519$297$163$86$44$27
48 years$503$284$153$79$40$24
49 years$487$271$144$73$36$21
50 years$472$259$135$68$33$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $483,000, adding $2,461 every year, while hoping to spend $41,286 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: 61/27/12 Blend
70$483,000$483,000$483,000$483,000
71$534,805$509,206$501,719$565,750
72$545,427$490,229$474,599$567,845
73$555,748$468,938$445,186$565,215
74$565,696$445,177$413,361$561,339
75$575,185$418,779$378,997$556,097
76$584,124$389,570$341,963$549,360
77$592,408$357,362$302,123$540,990
78$599,922$321,960$259,331$530,836
79$606,535$283,158$213,440$518,732
80$612,103$240,734$164,292$504,501
81$616,466$194,458$111,724$487,948
82$619,445$144,086$55,566$468,864
83$620,840$89,358$0$447,020
84$620,432$30,003$0$422,725
85$617,974$0$0$402,780
86$613,195$0$0$389,974
87$605,792$0$0$384,298
88$595,430$0$0$376,610
89$581,739$0$0$366,662
90$564,308$0$0$354,175
91$542,679$0$0$338,844
92$516,351$0$0$320,328
93$484,764$0$0$298,251
94$447,301$0$0$272,197
95$403,279$0$0$241,708
96$351,943$0$0$206,273
97$292,458$0$0$165,331
98$223,901$0$0$118,261
99$145,251$0$0$64,376
100$55,383$0$0$2,916