Can I retire at age 70 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$32,288$32,001$31,720$31,446$31,179$30,892
2 years$15,984$15,687$15,398$15,118$14,847$14,558
3 years$10,550$10,251$9,964$9,687$9,420$9,137
4 years$7,834$7,536$7,251$6,979$6,718$6,445
5 years$6,204$5,908$5,627$5,360$5,107$4,843
6 years$5,119$4,825$4,547$4,287$4,041$3,787
7 years$4,343$4,052$3,779$3,524$3,286$3,043
8 years$3,762$3,473$3,205$2,956$2,726$2,493
9 years$3,310$3,024$2,760$2,518$2,296$2,073
10 years$2,949$2,665$2,407$2,171$1,956$1,743
11 years$2,653$2,373$2,119$1,889$1,683$1,479
12 years$2,407$2,130$1,880$1,657$1,458$1,265
13 years$2,199$1,925$1,680$1,463$1,271$1,087
14 years$2,021$1,749$1,509$1,299$1,115$940
15 years$1,867$1,598$1,363$1,158$981$815
16 years$1,732$1,466$1,236$1,037$867$710
17 years$1,613$1,350$1,124$932$769$620
18 years$1,508$1,248$1,026$840$684$543
19 years$1,414$1,156$940$759$609$476
20 years$1,329$1,075$862$687$544$419
21 years$1,252$1,001$793$624$487$369
22 years$1,183$934$731$567$437$325
23 years$1,119$874$675$516$392$287
24 years$1,061$819$624$471$352$254
25 years$1,008$768$578$430$317$225
26 years$959$722$536$393$286$199
27 years$914$680$498$360$257$176
28 years$871$640$463$330$232$156
29 years$832$604$431$302$210$139
30 years$796$571$401$278$190$123
31 years$762$539$374$255$171$109
32 years$730$510$349$234$155$97
33 years$700$483$326$215$140$86
34 years$672$458$304$198$127$77
35 years$646$434$285$182$115$68
36 years$621$412$266$168$104$61
37 years$598$392$249$155$94$54
38 years$575$372$233$143$86$48
39 years$554$354$219$132$78$43
40 years$535$337$205$121$70$38
41 years$516$321$192$112$64$34
42 years$498$305$180$103$58$30
43 years$481$291$169$95$53$27
44 years$465$277$159$88$48$24
45 years$449$264$149$81$43$21
46 years$434$252$140$75$39$19
47 years$420$241$132$69$36$17
48 years$407$230$124$64$32$15
49 years$394$219$116$59$29$13
50 years$382$210$109$55$27$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $391,000, adding $6,800 every year, while hoping to spend $23,190 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: 45/30/25 Blend
69$391,000$391,000$391,000$391,000
70$437,896$417,173$411,113$454,175
71$457,888$412,941$400,211$462,125
72$479,141$407,724$388,167$467,965
73$501,760$401,449$374,918$473,839
74$525,860$394,040$360,397$479,764
75$551,565$385,415$344,538$485,758
76$579,012$375,488$327,267$491,843
77$608,351$364,166$308,510$498,045
78$639,746$351,354$288,189$504,396
79$673,377$336,948$266,221$510,931
80$709,444$320,840$242,521$517,693
81$748,161$302,915$216,999$524,728
82$789,768$283,053$189,563$532,095
83$834,525$261,123$160,114$539,855
84$882,720$236,992$128,552$548,084
85$934,668$210,514$94,768$556,864
86$990,714$181,540$58,653$566,290
87$1,051,240$149,908$20,091$576,472
88$1,116,663$115,450$0$587,532
89$1,187,441$77,986$0$605,227
90$1,264,082$37,329$0$630,181
91$1,347,138$0$0$657,240
92$1,437,221$0$0$688,861
93$1,535,001$0$0$736,599
94$1,641,217$0$0$788,496
95$1,756,682$0$0$844,956
96$1,882,287$0$0$906,419
97$2,019,017$0$0$973,372
98$2,167,952$0$0$1,046,352
99$2,330,283$0$0$1,125,946
100$2,507,320$0$0$1,212,805