Can I retire at age 70 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$36,995$36,666$36,344$36,031$35,724$35,559
2 years$18,315$17,973$17,643$17,322$17,011$16,844
3 years$12,088$11,746$11,416$11,099$10,793$10,629
4 years$8,976$8,634$8,308$7,996$7,698$7,539
5 years$7,109$6,770$6,447$6,142$5,852$5,698
6 years$5,865$5,528$5,210$4,912$4,630$4,482
7 years$4,976$4,642$4,330$4,038$3,766$3,623
8 years$4,310$3,979$3,672$3,387$3,124$2,987
9 years$3,793$3,465$3,163$2,885$2,631$2,500
10 years$3,379$3,054$2,757$2,487$2,242$2,116
11 years$3,040$2,719$2,428$2,165$1,928$1,808
12 years$2,758$2,440$2,154$1,899$1,671$1,556
13 years$2,520$2,205$1,925$1,676$1,457$1,348
14 years$2,316$2,004$1,729$1,488$1,277$1,173
15 years$2,139$1,831$1,561$1,327$1,124$1,025
16 years$1,985$1,680$1,416$1,188$994$900
17 years$1,849$1,547$1,288$1,068$881$792
18 years$1,728$1,430$1,176$962$783$699
19 years$1,620$1,325$1,077$869$698$618
20 years$1,523$1,231$988$787$624$548
21 years$1,435$1,147$909$715$558$486
22 years$1,355$1,071$838$650$500$432
23 years$1,283$1,001$773$592$449$385
24 years$1,216$938$715$540$404$343
25 years$1,155$880$662$493$363$306
26 years$1,099$827$614$451$327$273
27 years$1,047$779$571$412$295$244
28 years$998$734$530$378$266$219
29 years$954$692$494$347$240$196
30 years$912$654$460$318$217$175
31 years$873$618$429$292$196$157
32 years$836$585$400$268$178$141
33 years$802$554$373$247$161$126
34 years$770$525$349$227$146$113
35 years$740$498$326$209$132$102
36 years$712$473$305$193$119$91
37 years$685$449$286$177$108$82
38 years$659$426$267$164$98$74
39 years$635$406$251$151$89$66
40 years$612$386$235$139$81$59
41 years$591$367$220$128$73$53
42 years$570$350$207$118$66$48
43 years$551$333$194$109$60$43
44 years$532$318$182$101$55$39
45 years$515$303$171$93$50$35
46 years$498$289$160$86$45$31
47 years$482$276$151$80$41$28
48 years$466$263$142$74$37$25
49 years$451$251$133$68$34$23
50 years$437$240$125$63$31$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $448,000, adding $4,530 every year, while hoping to spend $27,787 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: 61/17/22 Blend
69$448,000$448,000$448,000$448,000
70$498,369$474,625$467,681$525,626
71$519,637$468,316$453,783$538,306
72$542,144$460,767$438,488$548,684
73$565,985$451,888$421,720$559,389
74$591,268$441,582$403,400$570,459
75$618,107$429,750$383,444$581,933
76$646,629$416,283$361,765$593,858
77$676,974$401,069$338,272$606,286
78$709,291$383,988$312,870$619,276
79$743,748$364,912$285,461$632,895
80$780,526$343,708$255,939$647,217
81$819,824$320,235$224,198$662,327
82$861,861$294,341$190,123$678,318
83$906,875$265,868$153,597$695,298
84$955,130$234,649$114,495$713,383
85$1,006,913$200,506$72,691$732,707
86$1,062,540$163,253$28,048$753,419
87$1,122,358$122,691$0$775,684
88$1,186,748$78,612$0$804,288
89$1,256,127$30,796$0$842,164
90$1,330,956$0$0$882,987
91$1,411,739$0$0$930,979
92$1,499,030$0$0$989,090
93$1,593,438$0$0$1,051,968
94$1,695,633$0$0$1,120,062
95$1,806,352$0$0$1,193,866
96$1,926,403$0$0$1,273,924
97$2,056,677$0$0$1,360,835
98$2,198,154$0$0$1,455,254
99$2,351,910$0$0$1,557,907
100$2,519,129$0$0$1,669,587