Can I retire at age 70 with 449,000?

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 $449,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$37,078$36,748$36,426$36,111$35,804$34,630
2 years$18,355$18,014$17,682$17,361$17,049$15,878
3 years$12,115$11,772$11,442$11,123$10,817$9,685
4 years$8,996$8,654$8,327$8,014$7,715$6,630
5 years$7,125$6,785$6,462$6,155$5,865$4,831
6 years$5,878$5,540$5,222$4,922$4,640$3,658
7 years$4,987$4,653$4,340$4,047$3,774$2,843
8 years$4,320$3,988$3,680$3,395$3,131$2,251
9 years$3,801$3,472$3,170$2,892$2,637$1,807
10 years$3,386$3,061$2,764$2,493$2,247$1,465
11 years$3,047$2,725$2,433$2,169$1,932$1,198
12 years$2,765$2,446$2,159$1,903$1,674$985
13 years$2,526$2,210$1,929$1,680$1,460$815
14 years$2,321$2,009$1,733$1,491$1,280$676
15 years$2,144$1,835$1,565$1,330$1,127$563
16 years$1,989$1,684$1,419$1,191$996$471
17 years$1,853$1,551$1,291$1,070$883$394
18 years$1,732$1,433$1,179$964$785$330
19 years$1,623$1,328$1,079$871$700$277
20 years$1,526$1,234$990$789$625$233
21 years$1,438$1,149$911$716$559$196
22 years$1,358$1,073$839$651$501$166
23 years$1,285$1,004$775$593$450$140
24 years$1,219$940$717$541$405$118
25 years$1,158$882$664$494$364$99
26 years$1,101$829$616$452$328$84
27 years$1,049$780$572$413$296$71
28 years$1,001$735$532$379$267$60
29 years$956$694$495$347$241$51
30 years$914$655$461$319$218$43
31 years$875$619$430$293$197$36
32 years$838$586$401$269$178$31
33 years$804$555$374$247$161$26
34 years$772$526$350$228$146$22
35 years$742$499$327$210$132$19
36 years$713$474$306$193$120$16
37 years$686$450$286$178$108$13
38 years$661$427$268$164$98$11
39 years$637$406$251$151$89$10
40 years$614$387$235$139$81$8
41 years$592$368$221$129$73$7
42 years$572$351$207$119$67$6
43 years$552$334$194$110$60$5
44 years$533$318$182$101$55$4
45 years$516$304$171$93$50$4
46 years$499$290$161$86$45$3
47 years$483$276$151$80$41$3
48 years$467$264$142$74$37$2
49 years$452$252$133$68$34$2
50 years$438$241$125$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $449,000, adding $5,371 every year, while hoping to spend $37,606 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: 62/13/25 Blend
69$449,000$449,000$449,000$449,000
70$500,338$476,541$469,582$527,733
71$511,360$459,879$445,300$530,270
72$522,246$441,140$418,945$528,441
73$532,942$420,183$390,407$525,619
74$543,388$396,858$359,571$521,713
75$553,517$371,007$326,319$516,624
76$563,251$342,462$290,527$510,246
77$572,507$311,047$252,064$502,462
78$581,188$276,574$210,794$493,148
79$589,189$238,846$166,575$482,167
80$596,391$197,654$119,260$469,371
81$602,661$152,777$68,693$454,600
82$607,852$103,983$14,714$437,680
83$611,800$51,025$0$418,421
84$614,321$0$0$408,060
85$615,214$0$0$400,773
86$614,252$0$0$399,500
87$611,185$0$0$396,768
88$605,735$0$0$392,389
89$597,593$0$0$386,150
90$586,418$0$0$377,817
91$571,832$0$0$367,131
92$553,414$0$0$353,805
93$530,700$0$0$337,520
94$503,175$0$0$317,924
95$470,271$0$0$294,628
96$431,357$0$0$267,200
97$385,737$0$0$235,164
98$332,641$0$0$197,992
99$271,218$0$0$155,103
100$200,526$0$0$105,852