Can I retire at age 70 with 287,000?

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 $287,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$23,700$23,489$23,283$23,082$22,886$22,083
2 years$11,733$11,514$11,302$11,097$10,898$10,097
3 years$7,744$7,525$7,313$7,110$6,914$6,141
4 years$5,750$5,531$5,322$5,122$4,931$4,191
5 years$4,554$4,337$4,130$3,934$3,749$3,044
6 years$3,757$3,541$3,338$3,146$2,966$2,298
7 years$3,188$2,974$2,774$2,587$2,412$1,780
8 years$2,761$2,549$2,352$2,170$2,001$1,404
9 years$2,430$2,220$2,026$1,848$1,685$1,123
10 years$2,164$1,956$1,766$1,593$1,436$907
11 years$1,948$1,742$1,555$1,387$1,235$739
12 years$1,767$1,563$1,380$1,216$1,070$605
13 years$1,614$1,413$1,233$1,074$933$498
14 years$1,484$1,284$1,108$953$818$412
15 years$1,370$1,173$1,000$850$720$342
16 years$1,272$1,076$907$761$637$284
17 years$1,184$991$825$684$564$237
18 years$1,107$916$753$616$502$198
19 years$1,038$849$690$557$447$165
20 years$975$789$633$504$400$138
21 years$919$735$582$458$358$116
22 years$868$686$537$416$321$97
23 years$822$641$495$379$288$82
24 years$779$601$458$346$259$69
25 years$740$564$424$316$233$58
26 years$704$530$394$289$210$48
27 years$671$499$365$264$189$41
28 years$640$470$340$242$171$34
29 years$611$443$316$222$154$29
30 years$584$419$295$204$139$24
31 years$559$396$275$187$126$20
32 years$536$375$256$172$114$17
33 years$514$355$239$158$103$14
34 years$493$336$223$146$93$12
35 years$474$319$209$134$84$10
36 years$456$303$195$123$77$9
37 years$439$287$183$114$69$7
38 years$422$273$171$105$63$6
39 years$407$260$161$97$57$5
40 years$392$247$150$89$52$4
41 years$379$235$141$82$47$4
42 years$365$224$132$76$43$3
43 years$353$214$124$70$39$3
44 years$341$204$117$65$35$2
45 years$330$194$109$60$32$2
46 years$319$185$103$55$29$2
47 years$309$177$97$51$26$1
48 years$299$169$91$47$24$1
49 years$289$161$85$44$22$1
50 years$280$154$80$40$20$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $287,000, adding $4,195 every year, while hoping to spend $25,872 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: 62/33/5 Blend
69$287,000$287,000$287,000$287,000
70$320,601$305,390$300,942$339,965
71$325,775$292,827$283,496$340,832
72$330,609$278,780$264,598$338,366
73$335,042$263,152$244,173$335,002
74$339,005$245,834$222,141$330,651
75$342,420$226,717$198,419$325,218
76$345,201$205,681$172,921$318,598
77$347,254$182,601$145,556$310,679
78$348,472$157,347$116,230$301,338
79$348,737$129,777$84,845$290,441
80$347,917$99,745$51,296$277,841
81$345,868$67,096$15,477$263,381
82$342,427$31,664$0$246,886
83$337,415$0$0$229,382
84$330,634$0$0$212,853
85$321,864$0$0$206,449
86$310,860$0$0$198,507
87$297,353$0$0$188,842
88$281,045$0$0$177,248
89$261,604$0$0$163,500
90$238,664$0$0$147,346
91$211,822$0$0$128,511
92$180,629$0$0$106,689
93$144,591$0$0$81,539
94$103,163$0$0$52,690
95$55,738$0$0$19,727
96$1,651$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0