Can I retire at age 70 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$34,188$33,883$33,586$33,296$33,013$32,426
2 years$16,925$16,609$16,304$16,008$15,720$15,131
3 years$11,171$10,854$10,550$10,256$9,974$9,400
4 years$8,295$7,979$7,677$7,389$7,113$6,560
5 years$6,569$6,256$5,958$5,676$5,407$4,876
6 years$5,420$5,108$4,815$4,539$4,279$3,770
7 years$4,599$4,290$4,001$3,732$3,480$2,994
8 years$3,983$3,677$3,393$3,130$2,887$2,424
9 years$3,505$3,202$2,923$2,666$2,431$1,990
10 years$3,122$2,822$2,548$2,298$2,071$1,653
11 years$2,809$2,512$2,243$2,000$1,781$1,384
12 years$2,549$2,255$1,991$1,755$1,544$1,167
13 years$2,329$2,038$1,779$1,549$1,346$990
14 years$2,140$1,852$1,598$1,375$1,180$844
15 years$1,977$1,692$1,443$1,226$1,039$722
16 years$1,834$1,553$1,308$1,098$918$619
17 years$1,708$1,430$1,190$987$814$533
18 years$1,597$1,321$1,087$889$724$460
19 years$1,497$1,224$995$803$645$397
20 years$1,407$1,138$913$728$576$344
21 years$1,326$1,060$840$660$516$298
22 years$1,252$989$774$600$462$259
23 years$1,185$925$715$547$415$225
24 years$1,124$867$661$499$373$195
25 years$1,067$814$612$455$336$170
26 years$1,015$765$568$416$302$148
27 years$967$720$527$381$273$129
28 years$923$678$490$349$246$113
29 years$881$640$456$320$222$98
30 years$843$604$425$294$201$86
31 years$807$571$396$270$181$75
32 years$773$540$370$248$164$65
33 years$741$512$345$228$149$57
34 years$712$485$322$210$134$50
35 years$684$460$301$193$122$44
36 years$658$437$282$178$110$38
37 years$633$415$264$164$100$33
38 years$609$394$247$151$91$29
39 years$587$375$232$139$82$25
40 years$566$357$217$129$75$22
41 years$546$339$203$119$68$19
42 years$527$323$191$109$61$17
43 years$509$308$179$101$56$15
44 years$492$294$168$93$51$13
45 years$476$280$158$86$46$11
46 years$460$267$148$80$42$10
47 years$445$255$139$74$38$9
48 years$431$243$131$68$34$8
49 years$417$232$123$63$31$7
50 years$404$222$116$58$28$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $414,000, adding $3,065 every year, while hoping to spend $25,664 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: 51/39/10 Blend
69$414,000$414,000$414,000$414,000
70$459,390$437,448$431,031$481,462
71$478,941$431,576$418,164$490,988
72$499,627$424,557$404,006$498,342
73$521,535$416,307$388,486$505,742
74$544,762$406,737$371,532$513,197
75$569,415$395,754$353,065$520,721
76$595,609$383,259$333,006$528,330
77$623,470$369,148$311,271$536,044
78$653,137$353,309$287,771$543,886
79$684,761$335,625$262,416$551,884
80$718,508$315,973$235,108$560,071
81$754,561$294,220$205,749$568,484
82$793,118$270,228$174,234$577,169
83$834,398$243,852$140,452$586,177
84$878,640$214,934$104,291$595,567
85$926,108$183,313$65,632$605,409
86$977,090$148,814$24,349$615,780
87$1,031,902$111,255$0$626,771
88$1,090,893$70,443$0$640,587
89$1,154,443$26,173$0$658,150
90$1,222,972$0$0$677,008
91$1,296,940$0$0$706,668
92$1,376,854$0$0$750,881
93$1,463,269$0$0$798,725
94$1,556,797$0$0$850,544
95$1,658,109$0$0$906,715
96$1,767,945$0$0$967,652
97$1,887,116$0$0$1,033,810
98$2,016,516$0$0$1,105,692
99$2,157,127$0$0$1,183,848
100$2,310,031$0$0$1,268,885