Can I retire at age 71 with 440,000?

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 $440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$36,335$36,011$35,695$35,387$35,086$34,420
2 years$17,988$17,653$17,328$17,013$16,708$16,039
3 years$11,873$11,536$11,212$10,900$10,600$9,950
4 years$8,816$8,480$8,160$7,853$7,560$6,933
5 years$6,982$6,649$6,332$6,032$5,747$5,146
6 years$5,760$5,429$5,117$4,824$4,547$3,972
7 years$4,887$4,559$4,253$3,966$3,698$3,149
8 years$4,233$3,908$3,607$3,327$3,068$2,545
9 years$3,725$3,403$3,106$2,834$2,584$2,086
10 years$3,318$2,999$2,708$2,443$2,201$1,729
11 years$2,986$2,670$2,384$2,126$1,893$1,445
12 years$2,709$2,397$2,116$1,865$1,641$1,216
13 years$2,475$2,166$1,890$1,646$1,431$1,030
14 years$2,275$1,969$1,699$1,461$1,254$876
15 years$2,101$1,798$1,534$1,303$1,104$748
16 years$1,949$1,650$1,390$1,167$976$640
17 years$1,816$1,520$1,265$1,049$865$550
18 years$1,697$1,404$1,155$945$769$473
19 years$1,591$1,301$1,057$854$686$408
20 years$1,495$1,209$970$773$613$352
21 years$1,409$1,126$893$702$548$305
22 years$1,331$1,051$823$638$491$264
23 years$1,260$983$760$581$441$229
24 years$1,194$921$702$530$396$198
25 years$1,134$865$651$484$357$172
26 years$1,079$813$603$443$321$150
27 years$1,028$765$560$405$290$130
28 years$981$721$521$371$261$113
29 years$937$680$485$340$236$98
30 years$896$642$452$312$213$86
31 years$857$607$421$287$193$75
32 years$822$574$393$264$174$65
33 years$788$544$367$242$158$57
34 years$756$515$343$223$143$49
35 years$727$489$320$205$129$43
36 years$699$464$300$189$117$37
37 years$672$441$280$174$106$33
38 years$648$419$263$161$96$28
39 years$624$398$246$148$87$25
40 years$602$379$231$137$79$22
41 years$580$361$216$126$72$19
42 years$560$344$203$116$65$16
43 years$541$327$190$107$59$14
44 years$523$312$179$99$54$13
45 years$505$298$168$92$49$11
46 years$489$284$158$85$44$10
47 years$473$271$148$78$40$8
48 years$458$259$139$72$37$7
49 years$443$247$131$67$33$6
50 years$430$236$123$62$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $440,000, adding $6,265 every year, while hoping to spend $32,184 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: 24/50/26 Blend
70$440,000$440,000$440,000$440,000
71$491,342$468,022$461,202$498,985
72$507,216$456,712$442,409$494,549
73$523,630$443,769$421,908$486,655
74$540,605$429,078$399,607$477,511
75$558,164$412,521$375,411$467,035
76$576,330$393,968$349,221$455,140
77$595,129$373,285$320,932$441,732
78$614,585$350,329$290,436$426,715
79$634,726$324,948$257,619$409,987
80$655,581$296,984$222,363$391,439
81$677,181$266,267$184,543$370,958
82$699,559$232,619$144,030$348,424
83$722,748$195,852$100,689$323,711
84$746,785$155,765$54,379$296,687
85$771,709$112,149$4,953$267,211
86$797,561$64,782$0$235,138
87$824,384$13,429$0$213,570
88$852,226$0$0$191,416
89$881,136$0$0$190,370
90$911,167$0$0$196,969
91$942,377$0$0$203,836
92$974,825$0$0$210,988
93$1,008,577$0$0$218,440
94$1,043,703$0$0$226,208
95$1,080,278$0$0$234,312
96$1,118,383$0$0$242,770
97$1,158,103$0$0$251,606
98$1,199,532$0$0$260,840
99$1,242,771$0$0$270,499
100$1,287,929$0$0$280,609