Can I retire at age 70 with 412,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$34,023$33,720$33,424$33,135$32,853$32,524
2 years$16,843$16,529$16,225$15,930$15,645$15,313
3 years$11,117$10,802$10,499$10,207$9,926$9,602
4 years$8,255$7,941$7,640$7,353$7,079$6,765
5 years$6,538$6,226$5,929$5,648$5,381$5,079
6 years$5,393$5,084$4,792$4,517$4,258$3,968
7 years$4,576$4,269$3,982$3,714$3,463$3,184
8 years$3,964$3,660$3,377$3,115$2,873$2,606
9 years$3,488$3,186$2,909$2,653$2,419$2,164
10 years$3,107$2,809$2,536$2,287$2,061$1,818
11 years$2,796$2,500$2,232$1,991$1,773$1,541
12 years$2,537$2,244$1,981$1,746$1,536$1,315
13 years$2,318$2,028$1,770$1,542$1,340$1,130
14 years$2,130$1,843$1,590$1,368$1,174$975
15 years$1,967$1,684$1,436$1,220$1,034$845
16 years$1,825$1,545$1,302$1,093$914$735
17 years$1,700$1,423$1,185$982$810$641
18 years$1,589$1,315$1,081$885$720$560
19 years$1,490$1,219$990$799$642$491
20 years$1,400$1,132$909$724$574$431
21 years$1,320$1,055$836$657$513$379
22 years$1,246$985$770$597$460$334
23 years$1,179$921$711$544$413$294
24 years$1,118$863$658$496$371$260
25 years$1,062$810$609$453$334$229
26 years$1,010$761$565$414$301$203
27 years$963$716$525$379$271$179
28 years$918$675$488$348$245$159
29 years$877$637$454$319$221$141
30 years$839$601$423$292$200$125
31 years$803$568$394$269$181$111
32 years$769$538$368$247$163$98
33 years$738$509$343$227$148$87
34 years$708$483$321$209$134$77
35 years$681$458$300$192$121$69
36 years$654$435$281$177$110$61
37 years$630$413$263$163$100$54
38 years$606$392$246$150$90$48
39 years$584$373$230$139$82$43
40 years$563$355$216$128$74$38
41 years$543$338$203$118$67$34
42 years$525$322$190$109$61$30
43 years$507$307$178$101$55$27
44 years$490$292$167$93$50$24
45 years$473$279$157$86$46$21
46 years$458$266$148$79$41$19
47 years$443$254$139$73$38$17
48 years$429$242$130$68$34$15
49 years$415$231$122$62$31$13
50 years$402$221$115$58$28$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $412,000, adding $5,787 every year, while hoping to spend $35,686 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: 70/14/16 Blend
69$412,000$412,000$412,000$412,000
70$459,993$438,157$431,771$490,085
71$468,943$421,657$408,266$494,353
72$477,609$403,153$382,777$494,206
73$485,926$382,508$355,201$493,133
74$493,819$359,579$325,428$491,037
75$501,204$334,214$293,345$487,813
76$507,988$306,251$258,834$483,346
77$514,067$275,522$221,769$477,511
78$519,326$241,847$182,023$470,170
79$523,635$205,036$139,458$461,174
80$526,851$164,887$93,935$450,359
81$528,814$121,191$45,306$437,547
82$529,346$73,722$0$422,542
83$528,250$22,245$0$406,256
84$525,307$0$0$395,659
85$520,274$0$0$387,940
86$512,881$0$0$381,815
87$502,829$0$0$373,626
88$489,788$0$0$363,116
89$473,390$0$0$350,004
90$453,229$0$0$333,974
91$428,856$0$0$314,680
92$399,772$0$0$291,736
93$365,428$0$0$264,719
94$325,215$0$0$233,157
95$278,459$0$0$196,532
96$224,417$0$0$154,268
97$162,265$0$0$105,730
98$91,094$0$0$50,217
99$9,901$0$0$0
100$0$0$0$0