$
What you have now
$
On top of Social Security
More options· Investment return, inflation and how long it should last
%
A year
%
Withdrawals rise by this
Age
Your money lasts
21 years 7 months
To about age 86, taking $2,000 a month, rising with prices
- Most you can take to last to 95
- $1,577/mo
- The 4% rule would give
- $1,333/mo
What this means
To make your money last to age 95, take about $1,577 a month, $423 less than now. The 4% rule is a common starting point: take 4% of your savings in the first year, then raise it with prices.
Withdrawals from a traditional 401(k) or IRA are taxed as income, and you must take required minimum distributions from age 73 (75 if you were born in 1960 or later).
Year by year
| Age | Taken in the year | Left |
|---|---|---|
| 66 | $24,000 | $395,355 |
| 67 | $24,600 | $389,861 |
| 68 | $25,215 | $383,462 |
| 69 | $25,845 | $376,094 |
| 70 | $26,492 | $367,696 |
| 71 | $27,154 | $358,197 |
| 72 | $27,833 | $347,526 |
| 73 | $28,528 | $335,607 |
| 74 | $29,242 | $322,359 |
| 75 | $29,973 | $307,699 |
| 76 | $30,722 | $291,536 |
| 77 | $31,490 | $273,776 |
| 78 | $32,277 | $254,320 |
| 79 | $33,084 | $233,062 |
| 80 | $33,911 | $209,892 |
| 81 | $34,759 | $184,693 |
| 82 | $35,628 | $157,342 |
| 83 | $36,519 | $127,709 |
| 84 | $37,432 | $95,656 |
| 85 | $38,368 | $61,040 |
| 86 | $39,327 | $23,708 |
| 87 | $24,006 | $0 |
Ways to make it last longer
- Take 10% less ($1,800 a month): lasts 24 years 10 months, to age 89.
- Earn 1% more a year, for example with lower fees: lasts 24 years 10 months, to age 89.
- Delay Social Security if you can: it pays more for each year you wait, up to age 70.
Assumptions in this estimate
- The return and inflation stay the same every year. Real returns go up and down, and a fall early in retirement makes money run out sooner.
- Withdrawals are before any tax, and taken at the start of each month.