Can I retire at age 70 with 419,000?

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 $419,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$34,601$34,292$33,992$33,698$33,412$32,472
2 years$17,129$16,810$16,501$16,201$15,910$14,971
3 years$11,306$10,986$10,677$10,380$10,094$9,184
4 years$8,395$8,076$7,770$7,478$7,199$6,326
5 years$6,649$6,331$6,030$5,744$5,473$4,639
6 years$5,485$5,170$4,873$4,594$4,330$3,536
7 years$4,654$4,342$4,050$3,777$3,522$2,767
8 years$4,031$3,722$3,434$3,168$2,922$2,206
9 years$3,547$3,240$2,958$2,699$2,460$1,784
10 years$3,160$2,856$2,579$2,326$2,096$1,457
11 years$2,843$2,543$2,270$2,024$1,803$1,200
12 years$2,580$2,282$2,015$1,776$1,562$995
13 years$2,357$2,062$1,800$1,568$1,362$830
14 years$2,166$1,875$1,617$1,392$1,194$695
15 years$2,001$1,713$1,460$1,241$1,052$584
16 years$1,856$1,571$1,324$1,111$929$492
17 years$1,729$1,447$1,205$998$824$415
18 years$1,616$1,337$1,100$900$733$351
19 years$1,515$1,239$1,007$813$653$298
20 years$1,424$1,152$924$736$583$253
21 years$1,342$1,073$850$668$522$215
22 years$1,267$1,001$783$608$468$183
23 years$1,200$936$723$553$420$156
24 years$1,137$877$669$505$378$132
25 years$1,080$823$620$461$340$113
26 years$1,028$774$575$421$306$96
27 years$979$728$534$386$276$82
28 years$934$686$496$353$249$70
29 years$892$647$462$324$225$60
30 years$853$611$430$297$203$51
31 years$816$578$401$273$184$44
32 years$782$547$374$251$166$37
33 years$750$518$349$231$150$32
34 years$720$491$326$212$136$27
35 years$692$466$305$196$123$23
36 years$665$442$285$180$112$20
37 years$640$420$267$166$101$17
38 years$617$399$250$153$92$15
39 years$594$379$234$141$83$12
40 years$573$361$220$130$75$11
41 years$553$344$206$120$68$9
42 years$533$327$193$111$62$8
43 years$515$312$181$102$56$7
44 years$498$297$170$94$51$6
45 years$481$283$160$87$46$5
46 years$465$270$150$81$42$4
47 years$450$258$141$74$38$4
48 years$436$246$132$69$35$3
49 years$422$235$125$64$32$3
50 years$409$225$117$59$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $419,000, adding $6,624 every year, while hoping to spend $25,901 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: 38/34/28 Blend
69$419,000$419,000$419,000$419,000
70$468,571$446,364$439,869$482,265
71$488,806$440,677$427,046$487,229
72$510,238$433,844$412,926$489,736
73$532,960$425,780$397,437$491,952
74$557,077$416,398$380,505$493,864
75$582,700$405,603$362,054$495,467
76$609,954$393,296$342,002$496,751
77$638,975$379,373$320,264$497,713
78$669,910$363,722$296,752$498,349
79$702,922$346,225$271,374$498,659
80$738,188$326,758$244,034$498,645
81$775,904$305,190$214,630$498,312
82$816,284$281,382$183,057$497,669
83$859,560$255,185$149,205$496,732
84$905,992$226,446$112,960$495,519
85$955,861$194,999$74,202$494,054
86$1,009,476$160,672$32,805$492,370
87$1,067,177$123,279$0$490,506
88$1,129,339$82,629$0$491,907
89$1,196,370$38,516$0$503,913
90$1,268,720$0$0$516,825
91$1,346,886$0$0$534,237
92$1,431,411$0$0$568,695
93$1,522,892$0$0$606,035
94$1,621,987$0$0$646,534
95$1,729,418$0$0$690,492
96$1,845,979$0$0$738,241
97$1,972,545$0$0$790,146
98$2,110,076$0$0$846,609
99$2,259,630$0$0$908,070
100$2,422,369$0$0$975,017