Can I retire at age 70 with 350,000?

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 $350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$28,903$28,645$28,394$28,149$27,909$27,470
2 years$14,308$14,042$13,784$13,533$13,290$12,848
3 years$9,444$9,176$8,919$8,671$8,432$8,002
4 years$7,012$6,746$6,491$6,247$6,014$5,598
5 years$5,554$5,289$5,037$4,798$4,572$4,172
6 years$4,582$4,319$4,071$3,837$3,617$3,235
7 years$3,888$3,627$3,383$3,155$2,942$2,576
8 years$3,367$3,109$2,869$2,646$2,441$2,091
9 years$2,963$2,707$2,471$2,254$2,055$1,722
10 years$2,640$2,386$2,154$1,943$1,751$1,434
11 years$2,375$2,124$1,897$1,691$1,506$1,205
12 years$2,155$1,906$1,683$1,483$1,305$1,020
13 years$1,969$1,723$1,504$1,310$1,138$868
14 years$1,809$1,566$1,351$1,162$998$742
15 years$1,671$1,431$1,220$1,037$878$637
16 years$1,551$1,313$1,106$928$776$548
17 years$1,444$1,209$1,006$834$688$474
18 years$1,350$1,117$919$752$612$410
19 years$1,265$1,035$841$679$546$356
20 years$1,190$962$772$615$487$309
21 years$1,121$896$710$558$436$269
22 years$1,059$836$654$508$391$234
23 years$1,002$782$604$462$351$204
24 years$950$733$559$422$315$178
25 years$902$688$518$385$284$156
26 years$858$646$480$352$256$136
27 years$818$608$446$322$230$119
28 years$780$573$414$295$208$104
29 years$745$541$386$271$188$91
30 years$712$511$359$248$170$80
31 years$682$483$335$228$153$70
32 years$654$457$312$210$139$62
33 years$627$433$292$193$126$54
34 years$602$410$273$177$114$47
35 years$578$389$255$163$103$42
36 years$556$369$238$150$93$36
37 years$535$351$223$139$85$32
38 years$515$333$209$128$77$28
39 years$496$317$196$118$70$25
40 years$479$301$183$109$63$22
41 years$462$287$172$100$57$19
42 years$446$273$161$93$52$17
43 years$430$260$151$85$47$15
44 years$416$248$142$79$43$13
45 years$402$237$133$73$39$11
46 years$389$226$125$67$35$10
47 years$376$215$118$62$32$9
48 years$364$206$111$57$29$8
49 years$353$196$104$53$26$7
50 years$342$188$98$49$24$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $350,000, adding $4,262 every year, while hoping to spend $26,889 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: 54/41/5 Blend
69$350,000$350,000$350,000$350,000
70$390,096$371,546$366,121$410,518
71$401,276$361,142$349,777$414,388
72$412,696$349,327$331,983$415,252
73$424,350$336,004$312,664$415,530
74$436,235$321,069$291,739$415,171
75$448,342$304,413$269,124$414,120
76$460,664$285,920$244,731$412,317
77$473,191$265,469$218,468$409,700
78$485,910$242,931$190,240$406,200
79$498,806$218,168$159,947$401,744
80$511,863$191,037$127,484$396,257
81$525,061$161,385$92,742$389,654
82$538,375$129,052$55,608$381,846
83$551,780$93,866$15,961$372,739
84$565,245$55,649$0$362,230
85$578,735$14,210$0$351,617
86$592,209$0$0$340,376
87$605,623$0$0$341,366
88$618,925$0$0$348,682
89$632,056$0$0$355,878
90$644,952$0$0$362,915
91$657,539$0$0$369,747
92$669,734$0$0$376,326
93$681,444$0$0$382,594
94$692,566$0$0$388,491
95$702,983$0$0$393,945
96$712,565$0$0$398,879
97$721,168$0$0$403,206
98$728,631$0$0$406,829
99$734,772$0$0$409,641
100$739,392$0$0$411,520