Can I retire at age 70 with 433,000?

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 $433,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$35,757$35,438$35,127$34,824$34,528$34,082
2 years$17,701$17,372$17,052$16,742$16,442$15,994
3 years$11,684$11,353$11,034$10,727$10,431$9,994
4 years$8,675$8,345$8,030$7,728$7,440$7,017
5 years$6,871$6,543$6,231$5,936$5,656$5,249
6 years$5,668$5,343$5,036$4,747$4,475$4,085
7 years$4,810$4,487$4,185$3,903$3,639$3,266
8 years$4,166$3,846$3,549$3,274$3,019$2,662
9 years$3,666$3,349$3,057$2,789$2,543$2,202
10 years$3,266$2,952$2,665$2,404$2,166$1,841
11 years$2,938$2,628$2,346$2,092$1,863$1,554
12 years$2,666$2,358$2,082$1,835$1,615$1,321
13 years$2,436$2,131$1,860$1,620$1,408$1,129
14 years$2,238$1,937$1,672$1,438$1,234$970
15 years$2,068$1,770$1,509$1,283$1,087$836
16 years$1,918$1,624$1,368$1,148$960$724
17 years$1,787$1,495$1,245$1,032$852$628
18 years$1,670$1,382$1,137$930$757$547
19 years$1,565$1,281$1,041$840$675$476
20 years$1,472$1,190$955$761$603$416
21 years$1,387$1,109$878$691$539$364
22 years$1,310$1,035$810$628$484$319
23 years$1,240$968$747$572$434$280
24 years$1,175$907$691$522$390$245
25 years$1,116$851$640$476$351$216
26 years$1,062$800$594$436$316$190
27 years$1,012$753$551$399$285$167
28 years$965$709$513$365$257$147
29 years$922$669$477$335$232$129
30 years$881$632$444$307$210$114
31 years$844$597$414$282$190$100
32 years$808$565$386$259$172$89
33 years$775$535$361$239$155$78
34 years$744$507$337$220$141$69
35 years$715$481$315$202$127$61
36 years$688$457$295$186$115$54
37 years$662$434$276$171$105$47
38 years$637$412$258$158$95$42
39 years$614$392$242$146$86$37
40 years$592$373$227$134$78$33
41 years$571$355$213$124$71$29
42 years$551$338$200$114$64$26
43 years$532$322$187$106$58$23
44 years$514$307$176$98$53$20
45 years$497$293$165$90$48$18
46 years$481$279$155$83$44$16
47 years$465$267$146$77$40$14
48 years$451$254$137$71$36$12
49 years$436$243$129$66$33$11
50 years$423$232$121$61$30$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $433,000, adding $5,979 every year, while hoping to spend $31,122 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: 74/15/11 Blend
69$433,000$433,000$433,000$433,000
70$483,333$460,384$453,673$517,632
71$499,520$449,830$435,757$530,533
72$516,314$437,715$416,199$540,189
73$533,746$423,930$394,909$549,908
74$551,845$408,360$371,796$559,686
75$570,646$390,883$346,764$569,521
76$590,184$371,368$319,712$579,410
77$610,497$349,679$290,536$589,350
78$631,625$325,671$259,127$599,340
79$653,612$299,190$225,369$609,378
80$676,506$270,075$189,144$619,463
81$700,355$238,154$150,326$629,595
82$725,214$203,247$108,785$639,776
83$751,143$165,163$64,386$650,006
84$778,202$123,699$16,986$660,291
85$806,460$78,642$0$670,634
86$835,991$29,767$0$684,985
87$866,873$0$0$701,795
88$899,191$0$0$722,920
89$933,039$0$0$750,196
90$968,516$0$0$778,791
91$1,005,732$0$0$808,793
92$1,044,804$0$0$840,297
93$1,085,861$0$0$873,409
94$1,129,042$0$0$908,242
95$1,174,498$0$0$944,918
96$1,222,396$0$0$983,572
97$1,272,914$0$0$1,024,351
98$1,326,249$0$0$1,067,413
99$1,382,614$0$0$1,112,933
100$1,442,242$0$0$1,161,100