Can I retire at age 70 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$34,766$34,456$34,154$33,859$33,571$33,069
2 years$17,211$16,890$16,580$16,278$15,986$15,482
3 years$11,360$11,038$10,728$10,430$10,142$9,651
4 years$8,435$8,114$7,807$7,514$7,234$6,759
5 years$6,681$6,362$6,059$5,771$5,499$5,043
6 years$5,511$5,195$4,896$4,616$4,351$3,914
7 years$4,676$4,362$4,069$3,795$3,539$3,120
8 years$4,051$3,739$3,451$3,183$2,936$2,536
9 years$3,564$3,256$2,972$2,711$2,472$2,091
10 years$3,175$2,870$2,591$2,337$2,106$1,744
11 years$2,857$2,555$2,281$2,034$1,812$1,467
12 years$2,592$2,293$2,025$1,784$1,570$1,243
13 years$2,368$2,072$1,809$1,575$1,369$1,059
14 years$2,176$1,884$1,625$1,398$1,200$907
15 years$2,010$1,721$1,467$1,247$1,057$779
16 years$1,865$1,579$1,330$1,117$934$672
17 years$1,737$1,454$1,211$1,003$828$581
18 years$1,624$1,344$1,105$904$736$504
19 years$1,522$1,245$1,012$817$656$438
20 years$1,431$1,157$928$740$586$381
21 years$1,348$1,078$854$672$525$332
22 years$1,274$1,006$787$611$470$290
23 years$1,205$941$727$556$422$253
24 years$1,143$882$672$507$379$221
25 years$1,085$827$623$463$341$194
26 years$1,033$778$577$423$307$170
27 years$984$732$536$388$277$149
28 years$938$690$498$355$250$130
29 years$896$651$464$326$226$114
30 years$857$614$432$299$204$100
31 years$820$581$403$275$185$88
32 years$786$550$376$252$167$77
33 years$754$520$351$232$151$68
34 years$724$493$328$213$137$60
35 years$695$468$306$196$124$52
36 years$669$444$287$181$112$46
37 years$643$422$268$167$102$41
38 years$620$401$251$154$92$36
39 years$597$381$235$142$84$31
40 years$576$363$221$131$76$28
41 years$555$345$207$121$69$24
42 years$536$329$194$111$62$21
43 years$518$313$182$103$57$19
44 years$500$299$171$95$51$17
45 years$484$285$161$88$47$15
46 years$468$272$151$81$42$13
47 years$453$259$142$75$39$11
48 years$438$247$133$69$35$10
49 years$424$236$125$64$32$9
50 years$411$226$118$59$29$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $421,000, adding $6,191 every year, while hoping to spend $21,069 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: 53/30/17 Blend
69$421,000$421,000$421,000$421,000
70$470,328$448,015$441,490$492,782
71$495,884$447,550$433,862$508,367
72$523,341$446,357$425,273$522,571
73$552,870$444,377$415,668$537,561
74$584,660$441,548$404,990$553,418
75$618,917$437,806$393,179$570,231
76$655,869$433,081$380,173$588,101
77$695,765$427,300$365,906$607,138
78$738,881$420,385$350,312$627,467
79$785,516$412,254$333,317$649,226
80$836,004$402,819$314,848$672,567
81$890,708$391,988$294,827$697,661
82$950,029$379,664$273,172$724,697
83$1,014,407$365,743$249,799$753,884
84$1,084,327$350,116$224,618$785,456
85$1,160,323$332,665$197,537$819,671
86$1,242,979$313,270$168,458$856,816
87$1,332,943$291,799$137,281$897,209
88$1,430,923$268,117$103,899$941,204
89$1,537,700$242,078$68,203$989,191
90$1,654,135$213,529$30,077$1,041,605
91$1,781,173$182,308$0$1,098,925
92$1,919,855$148,245$0$1,163,610
93$2,071,329$111,157$0$1,240,272
94$2,236,857$70,856$0$1,324,125
95$2,417,827$27,138$0$1,415,919
96$2,615,769$0$0$1,516,479
97$2,832,369$0$0$1,633,389
98$3,069,479$0$0$1,771,218
99$3,329,144$0$0$1,922,200
100$3,613,612$0$0$2,087,646