Can I retire at age 70 with 352,000?

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 $352,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$29,068$28,809$28,556$28,310$28,069$27,951
2 years$14,390$14,122$13,862$13,610$13,366$13,247
3 years$9,498$9,229$8,970$8,720$8,480$8,363
4 years$7,053$6,784$6,528$6,283$6,048$5,935
5 years$5,586$5,319$5,066$4,826$4,598$4,488
6 years$4,608$4,343$4,094$3,859$3,638$3,532
7 years$3,910$3,647$3,402$3,173$2,959$2,857
8 years$3,387$3,127$2,885$2,662$2,454$2,357
9 years$2,980$2,722$2,485$2,267$2,067$1,973
10 years$2,655$2,400$2,167$1,954$1,761$1,671
11 years$2,389$2,136$1,907$1,701$1,515$1,429
12 years$2,167$1,917$1,693$1,492$1,313$1,231
13 years$1,980$1,733$1,512$1,317$1,145$1,066
14 years$1,820$1,575$1,359$1,169$1,003$929
15 years$1,681$1,439$1,227$1,043$883$812
16 years$1,559$1,320$1,112$934$781$713
17 years$1,453$1,216$1,012$839$692$628
18 years$1,358$1,123$924$756$616$555
19 years$1,273$1,041$846$683$549$491
20 years$1,196$967$776$619$490$435
21 years$1,127$901$714$561$439$387
22 years$1,065$841$658$510$393$344
23 years$1,008$787$608$465$353$307
24 years$955$737$562$424$317$274
25 years$908$692$520$387$285$244
26 years$863$650$483$354$257$218
27 years$822$612$448$324$232$195
28 years$785$577$417$297$209$175
29 years$749$544$388$272$189$157
30 years$717$514$361$250$171$140
31 years$686$486$337$230$154$126
32 years$657$459$314$211$140$113
33 years$630$435$293$194$126$101
34 years$605$412$274$178$114$91
35 years$581$391$256$164$104$82
36 years$559$371$240$151$94$74
37 years$538$353$224$139$85$66
38 years$518$335$210$128$77$59
39 years$499$319$197$118$70$53
40 years$481$303$185$109$63$48
41 years$464$289$173$101$58$43
42 years$448$275$162$93$52$39
43 years$433$262$152$86$47$35
44 years$418$250$143$79$43$31
45 years$404$238$134$73$39$28
46 years$391$227$126$68$35$25
47 years$378$217$118$63$32$23
48 years$366$207$111$58$29$21
49 years$355$198$105$53$27$19
50 years$344$189$98$49$24$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $352,000, adding $5,863 every year, while hoping to spend $22,481 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: 80/11/9 Blend
69$352,000$352,000$352,000$352,000
70$393,952$375,296$369,840$424,469
71$410,215$369,766$358,310$439,794
72$427,384$363,211$345,640$453,063
73$445,527$355,558$331,769$466,954
74$464,719$346,728$316,631$481,519
75$485,041$336,639$300,159$496,814
76$506,583$325,203$282,283$512,900
77$529,443$312,326$262,927$529,846
78$553,727$297,911$242,016$547,728
79$579,552$281,853$219,468$566,629
80$607,045$264,042$195,199$586,641
81$636,346$244,363$169,121$607,867
82$667,609$222,692$141,142$630,417
83$701,001$198,900$111,166$654,417
84$736,705$172,848$79,092$680,003
85$774,924$144,393$44,817$707,326
86$815,878$113,380$8,230$736,554
87$859,809$79,647$0$767,871
88$906,984$43,024$0$804,439
89$957,694$3,330$0$844,561
90$1,012,260$0$0$887,706
91$1,071,033$0$0$938,956
92$1,134,400$0$0$994,655
93$1,202,785$0$0$1,054,772
94$1,276,655$0$0$1,119,719
95$1,356,522$0$0$1,189,948
96$1,442,949$0$0$1,265,954
97$1,536,556$0$0$1,348,284
98$1,638,023$0$0$1,437,538
99$1,748,099$0$0$1,534,375
100$1,867,607$0$0$1,639,521