Can I retire at age 70 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$33,445$33,147$32,856$32,572$32,295$32,105
2 years$16,557$16,248$15,949$15,660$15,379$15,187
3 years$10,928$10,618$10,320$10,033$9,757$9,569
4 years$8,114$7,806$7,511$7,228$6,959$6,777
5 years$6,427$6,120$5,829$5,552$5,290$5,114
6 years$5,302$4,997$4,710$4,440$4,186$4,017
7 years$4,499$4,197$3,914$3,650$3,404$3,242
8 years$3,897$3,597$3,320$3,062$2,824$2,668
9 years$3,429$3,132$2,859$2,608$2,378$2,229
10 years$3,054$2,761$2,493$2,248$2,026$1,883
11 years$2,748$2,458$2,195$1,957$1,743$1,606
12 years$2,494$2,206$1,948$1,716$1,510$1,380
13 years$2,278$1,994$1,740$1,515$1,317$1,192
14 years$2,094$1,812$1,563$1,345$1,154$1,036
15 years$1,934$1,655$1,412$1,200$1,016$904
16 years$1,794$1,519$1,280$1,074$898$791
17 years$1,671$1,399$1,165$965$797$695
18 years$1,562$1,292$1,063$870$708$612
19 years$1,464$1,198$973$786$631$540
20 years$1,376$1,113$893$712$564$478
21 years$1,297$1,037$822$646$505$423
22 years$1,225$968$757$587$452$375
23 years$1,159$905$699$535$406$333
24 years$1,099$848$647$488$365$297
25 years$1,044$796$599$446$328$264
26 years$993$748$555$407$296$235
27 years$946$704$516$373$267$210
28 years$903$663$479$342$241$187
29 years$862$626$446$313$217$167
30 years$824$591$416$288$196$149
31 years$789$559$387$264$178$134
32 years$756$529$361$243$161$119
33 years$725$501$338$223$145$107
34 years$696$474$315$205$132$96
35 years$669$450$295$189$119$86
36 years$643$427$276$174$108$77
37 years$619$406$258$160$98$69
38 years$596$386$242$148$89$62
39 years$574$367$227$136$80$55
40 years$554$349$212$126$73$49
41 years$534$332$199$116$66$44
42 years$516$316$187$107$60$40
43 years$498$301$175$99$55$36
44 years$481$287$164$91$49$32
45 years$465$274$154$84$45$29
46 years$450$261$145$78$41$26
47 years$435$249$136$72$37$23
48 years$421$238$128$66$34$21
49 years$408$227$120$61$31$19
50 years$395$217$113$57$28$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $405,000, adding $6,158 every year, while hoping to spend $28,136 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: 74/18/8 Blend
69$405,000$405,000$405,000$405,000
70$452,662$431,197$424,919$485,135
71$468,897$422,389$409,218$498,570
72$485,845$412,207$392,047$509,130
73$503,549$400,553$373,328$519,904
74$522,055$387,324$352,979$530,902
75$541,415$372,413$330,914$542,140
76$561,681$355,703$307,041$553,630
77$582,913$337,073$281,268$565,392
78$605,175$316,395$253,495$577,444
79$628,536$293,531$223,621$589,810
80$653,072$268,339$191,537$602,513
81$678,863$240,666$157,131$615,584
82$706,000$210,350$120,288$629,055
83$734,577$177,223$80,883$642,962
84$764,702$141,105$38,790$657,347
85$796,488$101,806$0$672,256
86$830,060$59,125$0$688,266
87$865,555$12,851$0$708,481
88$903,122$0$0$729,665
89$942,923$0$0$759,281
90$985,136$0$0$793,401
91$1,029,954$0$0$829,636
92$1,077,591$0$0$868,159
93$1,128,277$0$0$909,159
94$1,182,269$0$0$952,843
95$1,239,842$0$0$999,439
96$1,301,303$0$0$1,049,193
97$1,366,986$0$0$1,102,378
98$1,437,256$0$0$1,159,292
99$1,512,515$0$0$1,220,262
100$1,593,204$0$0$1,285,647