Can I retire at age 70 with 357,000?

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 $357,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$29,481$29,218$28,962$28,712$28,468$27,534
2 years$14,594$14,323$14,059$13,804$13,556$12,625
3 years$9,633$9,360$9,097$8,844$8,601$7,700
4 years$7,153$6,881$6,620$6,372$6,134$5,272
5 years$5,665$5,394$5,138$4,894$4,663$3,841
6 years$4,673$4,405$4,152$3,914$3,690$2,909
7 years$3,966$3,699$3,450$3,218$3,001$2,261
8 years$3,435$3,171$2,926$2,699$2,489$1,790
9 years$3,022$2,761$2,520$2,299$2,096$1,436
10 years$2,692$2,434$2,197$1,982$1,786$1,165
11 years$2,423$2,166$1,934$1,725$1,536$952
12 years$2,198$1,945$1,717$1,513$1,331$783
13 years$2,008$1,757$1,534$1,336$1,161$648
14 years$1,846$1,597$1,378$1,186$1,018$538
15 years$1,705$1,459$1,244$1,057$896$448
16 years$1,582$1,339$1,128$947$792$374
17 years$1,473$1,233$1,027$851$702$313
18 years$1,377$1,139$937$767$624$263
19 years$1,291$1,056$858$693$556$221
20 years$1,213$981$787$627$497$186
21 years$1,143$914$724$569$445$156
22 years$1,080$853$667$518$399$132
23 years$1,022$798$616$472$358$111
24 years$969$748$570$430$322$94
25 years$920$702$528$393$289$79
26 years$876$659$490$359$261$67
27 years$834$621$455$329$235$56
28 years$796$585$423$301$212$48
29 years$760$552$393$276$192$40
30 years$727$521$366$253$173$34
31 years$696$492$342$233$156$29
32 years$667$466$319$214$142$24
33 years$639$441$298$197$128$21
34 years$614$418$278$181$116$17
35 years$590$397$260$167$105$15
36 years$567$377$243$153$95$13
37 years$546$358$228$141$86$11
38 years$525$340$213$130$78$9
39 years$506$323$200$120$71$8
40 years$488$307$187$111$64$6
41 years$471$293$175$102$58$5
42 years$455$279$165$94$53$5
43 years$439$266$154$87$48$4
44 years$424$253$145$80$44$3
45 years$410$241$136$74$40$3
46 years$397$230$128$69$36$2
47 years$384$220$120$63$33$2
48 years$372$210$113$59$30$2
49 years$360$200$106$54$27$1
50 years$349$191$100$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $357,000, adding $6,135 every year, while hoping to spend $23,266 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: 76/5/19 Blend
69$357,000$357,000$357,000$357,000
70$399,742$380,821$375,288$427,913
71$415,761$374,727$363,105$441,301
72$432,634$367,554$349,734$452,498
73$450,424$359,225$335,112$464,158
74$469,198$349,658$319,169$476,322
75$489,032$338,767$301,837$489,032
76$510,006$326,459$283,041$502,338
77$532,209$312,638$262,705$516,294
78$555,737$297,200$240,749$530,959
79$580,697$280,037$217,088$546,401
80$607,203$261,034$191,635$562,691
81$635,381$240,068$164,299$579,913
82$665,370$217,012$134,983$598,156
83$697,322$191,729$103,589$617,519
84$731,401$164,077$70,012$638,115
85$767,790$133,902$34,143$660,066
86$806,686$101,045$0$683,507
87$848,308$65,336$0$709,428
88$892,894$26,596$0$744,597
89$940,707$0$0$782,295
90$992,035$0$0$823,598
91$1,047,192$0$0$869,565
92$1,106,525$0$0$919,022
93$1,170,415$0$0$972,288
94$1,239,278$0$0$1,029,712
95$1,313,575$0$0$1,091,678
96$1,393,808$0$0$1,158,608
97$1,480,531$0$0$1,230,966
98$1,574,354$0$0$1,309,261
99$1,675,946$0$0$1,394,053
100$1,786,041$0$0$1,485,958