Can I retire at age 70 with 362,000?

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 $362,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$29,894$29,627$29,368$29,114$28,866$28,365
2 years$14,799$14,523$14,256$13,997$13,746$13,242
3 years$9,768$9,491$9,225$8,968$8,721$8,231
4 years$7,253$6,977$6,713$6,461$6,220$5,747
5 years$5,744$5,470$5,210$4,963$4,728$4,274
6 years$4,739$4,467$4,210$3,969$3,741$3,306
7 years$4,021$3,751$3,499$3,263$3,043$2,627
8 years$3,483$3,215$2,967$2,737$2,524$2,128
9 years$3,065$2,800$2,556$2,331$2,126$1,748
10 years$2,730$2,468$2,228$2,010$1,811$1,453
11 years$2,457$2,197$1,962$1,749$1,558$1,217
12 years$2,229$1,972$1,741$1,534$1,350$1,027
13 years$2,036$1,782$1,555$1,354$1,177$872
14 years$1,871$1,620$1,397$1,202$1,032$744
15 years$1,729$1,480$1,262$1,072$909$636
16 years$1,604$1,358$1,144$960$803$547
17 years$1,494$1,250$1,041$863$712$471
18 years$1,396$1,155$950$777$633$406
19 years$1,309$1,071$870$702$564$351
20 years$1,230$995$798$636$504$304
21 years$1,159$927$734$577$451$264
22 years$1,095$865$677$525$404$229
23 years$1,036$809$625$478$363$199
24 years$983$758$578$436$326$174
25 years$933$711$535$398$294$151
26 years$888$669$496$364$264$132
27 years$846$629$461$333$238$115
28 years$807$593$429$305$215$100
29 years$771$559$399$280$194$88
30 years$737$528$371$257$175$76
31 years$705$499$346$236$159$67
32 years$676$473$323$217$144$58
33 years$648$447$302$199$130$51
34 years$622$424$282$184$118$45
35 years$598$402$264$169$107$39
36 years$575$382$247$156$97$34
37 years$553$363$231$143$87$30
38 years$533$345$216$132$79$26
39 years$513$328$202$122$72$23
40 years$495$312$190$112$65$20
41 years$477$297$178$104$59$17
42 years$461$283$167$96$54$15
43 years$445$269$157$88$49$13
44 years$430$257$147$82$44$12
45 years$416$245$138$75$40$10
46 years$402$234$130$70$36$9
47 years$389$223$122$64$33$8
48 years$377$213$114$59$30$7
49 years$365$203$108$55$27$6
50 years$353$194$101$51$25$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $362,000, adding $4,802 every year, while hoping to spend $30,371 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: 37/34/29 Blend
69$362,000$362,000$362,000$362,000
70$403,877$384,691$379,080$415,179
71$412,758$371,227$359,465$410,509
72$421,527$356,084$338,175$402,368
73$430,141$339,150$315,121$392,998
74$438,549$320,303$290,212$382,308
75$446,699$299,415$263,352$370,202
76$454,527$276,352$234,439$356,577
77$461,965$250,969$203,369$341,321
78$468,936$223,117$170,032$324,316
79$475,353$192,635$134,314$305,437
80$481,120$159,356$96,095$284,548
81$486,130$123,099$55,249$261,503
82$490,263$83,679$11,647$236,150
83$493,385$40,894$0$208,320
84$495,349$0$0$188,631
85$495,990$0$0$172,690
86$495,125$0$0$171,407
87$492,551$0$0$169,397
88$488,042$0$0$166,569
89$481,349$0$0$162,818
90$472,195$0$0$158,032
91$460,271$0$0$152,084
92$445,239$0$0$144,833
93$426,721$0$0$136,127
94$404,300$0$0$125,792
95$377,515$0$0$113,641
96$345,856$0$0$99,463
97$308,756$0$0$83,027
98$265,593$0$0$64,077
99$215,676$0$0$42,331
100$158,241$0$0$17,476