Can I retire at age 70 with 233,000?

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 $233,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$19,241$19,070$18,902$18,739$18,580$18,050
2 years$9,525$9,348$9,176$9,009$8,847$8,318
3 years$6,287$6,109$5,937$5,772$5,613$5,100
4 years$4,668$4,491$4,321$4,159$4,003$3,511
5 years$3,697$3,521$3,353$3,194$3,043$2,573
6 years$3,050$2,875$2,710$2,554$2,408$1,961
7 years$2,588$2,414$2,252$2,100$1,958$1,533
8 years$2,242$2,070$1,910$1,762$1,625$1,222
9 years$1,972$1,802$1,645$1,501$1,368$987
10 years$1,757$1,588$1,434$1,294$1,166$806
11 years$1,581$1,414$1,263$1,126$1,003$664
12 years$1,435$1,269$1,120$987$869$550
13 years$1,311$1,147$1,001$872$758$458
14 years$1,205$1,043$899$774$664$383
15 years$1,113$952$812$690$585$322
16 years$1,032$874$736$618$517$271
17 years$961$805$670$555$458$229
18 years$899$744$612$500$407$193
19 years$842$689$560$452$363$164
20 years$792$640$514$409$324$139
21 years$746$596$473$372$290$118
22 years$705$557$436$338$260$100
23 years$667$521$402$308$234$85
24 years$632$488$372$281$210$73
25 years$601$458$345$256$189$62
26 years$571$430$320$234$170$53
27 years$544$405$297$215$153$45
28 years$519$382$276$197$138$38
29 years$496$360$257$180$125$33
30 years$474$340$239$165$113$28
31 years$454$321$223$152$102$24
32 years$435$304$208$140$92$20
33 years$417$288$194$128$84$17
34 years$401$273$181$118$76$15
35 years$385$259$170$109$69$13
36 years$370$246$159$100$62$11
37 years$356$233$149$92$56$9
38 years$343$222$139$85$51$8
39 years$330$211$130$78$46$7
40 years$319$201$122$72$42$6
41 years$307$191$115$67$38$5
42 years$297$182$107$62$35$4
43 years$286$173$101$57$31$4
44 years$277$165$95$52$28$3
45 years$268$158$89$48$26$3
46 years$259$150$83$45$23$2
47 years$250$143$78$41$21$2
48 years$242$137$74$38$19$2
49 years$235$131$69$35$18$1
50 years$227$125$65$33$16$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $233,000, adding $6,858 every year, while hoping to spend $22,649 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: 76/18/6 Blend
69$233,000$233,000$233,000$233,000
70$263,840$251,491$247,880$283,204
71$266,653$239,716$232,085$285,111
72$268,995$226,604$215,003$283,604
73$270,792$212,067$196,565$281,290
74$271,964$196,011$176,701$278,080
75$272,423$178,334$155,340$273,876
76$272,070$158,932$132,403$268,570
77$270,794$137,692$107,811$262,044
78$268,473$114,498$81,482$254,169
79$264,973$89,224$53,327$244,803
80$260,143$61,738$23,256$233,789
81$253,817$31,902$0$220,956
82$245,810$0$0$206,682
83$235,919$0$0$191,906
84$223,917$0$0$181,675
85$209,556$0$0$169,463
86$192,557$0$0$155,036
87$172,616$0$0$138,138
88$149,395$0$0$118,487
89$122,518$0$0$95,769
90$91,574$0$0$69,636
91$56,104$0$0$39,708
92$15,606$0$0$5,560
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0