Can I retire at age 70 with 412,000?

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 $412,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$34,023$33,720$33,424$33,135$32,853$31,840
2 years$16,843$16,529$16,225$15,930$15,645$14,632
3 years$11,117$10,802$10,499$10,207$9,926$8,946
4 years$8,255$7,941$7,640$7,353$7,079$6,140
5 years$6,538$6,226$5,929$5,648$5,381$4,486
6 years$5,393$5,084$4,792$4,517$4,258$3,406
7 years$4,576$4,269$3,982$3,714$3,463$2,655
8 years$3,964$3,660$3,377$3,115$2,873$2,108
9 years$3,488$3,186$2,909$2,653$2,419$1,697
10 years$3,107$2,809$2,536$2,287$2,061$1,381
11 years$2,796$2,500$2,232$1,991$1,773$1,132
12 years$2,537$2,244$1,981$1,746$1,536$935
13 years$2,318$2,028$1,770$1,542$1,340$775
14 years$2,130$1,843$1,590$1,368$1,174$646
15 years$1,967$1,684$1,436$1,220$1,034$540
16 years$1,825$1,545$1,302$1,093$914$453
17 years$1,700$1,423$1,185$982$810$380
18 years$1,589$1,315$1,081$885$720$320
19 years$1,490$1,219$990$799$642$270
20 years$1,400$1,132$909$724$574$228
21 years$1,320$1,055$836$657$513$193
22 years$1,246$985$770$597$460$163
23 years$1,179$921$711$544$413$138
24 years$1,118$863$658$496$371$117
25 years$1,062$810$609$453$334$99
26 years$1,010$761$565$414$301$84
27 years$963$716$525$379$271$71
28 years$918$675$488$348$245$60
29 years$877$637$454$319$221$51
30 years$839$601$423$292$200$44
31 years$803$568$394$269$181$37
32 years$769$538$368$247$163$31
33 years$738$509$343$227$148$27
34 years$708$483$321$209$134$23
35 years$681$458$300$192$121$19
36 years$654$435$281$177$110$16
37 years$630$413$263$163$100$14
38 years$606$392$246$150$90$12
39 years$584$373$230$139$82$10
40 years$563$355$216$128$74$9
41 years$543$338$203$118$67$7
42 years$525$322$190$109$61$6
43 years$507$307$178$101$55$5
44 years$490$292$167$93$50$4
45 years$473$279$157$86$46$4
46 years$458$266$148$79$41$3
47 years$443$254$139$73$38$3
48 years$429$242$130$68$34$2
49 years$415$231$122$62$31$2
50 years$402$221$115$58$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $412,000, adding $5,367 every year, while hoping to spend $26,309 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: 44/46/10 Blend
69$412,000$412,000$412,000$412,000
70$459,560$437,724$431,338$478,238
71$478,443$431,180$417,795$485,209
72$498,369$423,433$402,917$489,658
73$519,419$414,398$386,631$493,886
74$541,678$403,981$368,861$497,882
75$565,239$392,086$349,528$501,637
76$590,206$378,611$328,549$505,143
77$616,689$363,445$305,838$508,391
78$644,811$346,474$281,304$511,378
79$674,707$327,576$254,852$514,098
80$706,521$306,621$226,384$516,551
81$740,415$283,475$195,797$518,737
82$776,564$257,991$162,982$520,662
83$815,160$230,019$127,828$522,334
84$856,413$199,397$90,218$523,763
85$900,554$165,955$50,027$524,969
86$947,837$129,513$7,129$525,973
87$998,538$89,881$0$526,806
88$1,052,963$46,858$0$531,627
89$1,111,445$234$0$537,437
90$1,174,351$0$0$543,544
91$1,242,084$0$0$575,449
92$1,315,086$0$0$610,002
93$1,393,843$0$0$647,318
94$1,478,889$0$0$687,657
95$1,570,810$0$0$731,301
96$1,670,251$0$0$778,561
97$1,777,920$0$0$829,782
98$1,894,596$0$0$885,338
99$2,021,137$0$0$945,646
100$2,158,483$0$0$1,011,160