Can I retire at age 70 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$37,573$37,239$36,912$36,594$36,282$35,889
2 years$18,601$18,254$17,919$17,593$17,277$16,881
3 years$12,277$11,929$11,595$11,272$10,961$10,574
4 years$9,116$8,769$8,438$8,121$7,818$7,443
5 years$7,220$6,875$6,548$6,238$5,943$5,582
6 years$5,956$5,614$5,292$4,988$4,702$4,356
7 years$5,054$4,715$4,398$4,101$3,824$3,492
8 years$4,378$4,041$3,729$3,440$3,173$2,855
9 years$3,852$3,519$3,212$2,930$2,672$2,368
10 years$3,431$3,102$2,800$2,526$2,277$1,987
11 years$3,088$2,761$2,465$2,198$1,958$1,682
12 years$2,801$2,478$2,188$1,928$1,697$1,434
13 years$2,559$2,240$1,955$1,702$1,480$1,230
14 years$2,352$2,036$1,756$1,511$1,297$1,060
15 years$2,173$1,860$1,586$1,348$1,142$917
16 years$2,016$1,706$1,438$1,207$1,009$796
17 years$1,878$1,571$1,308$1,084$895$694
18 years$1,755$1,452$1,194$977$796$606
19 years$1,645$1,346$1,093$883$709$530
20 years$1,546$1,251$1,003$800$633$465
21 years$1,457$1,165$923$726$567$408
22 years$1,376$1,087$851$660$508$359
23 years$1,303$1,017$785$601$456$316
24 years$1,235$953$726$548$410$278
25 years$1,173$894$673$501$369$245
26 years$1,116$840$624$458$332$217
27 years$1,063$791$579$419$300$191
28 years$1,014$745$539$384$270$169
29 years$969$703$501$352$244$150
30 years$926$664$467$323$221$132
31 years$887$628$435$297$199$117
32 years$850$594$406$273$180$104
33 years$815$562$379$251$163$92
34 years$782$533$354$231$148$81
35 years$752$506$331$212$134$72
36 years$723$480$310$196$121$64
37 years$695$456$290$180$110$57
38 years$670$433$272$166$100$50
39 years$645$412$254$153$90$45
40 years$622$392$239$141$82$40
41 years$600$373$224$130$74$35
42 years$579$355$210$120$67$31
43 years$559$338$197$111$61$28
44 years$541$323$185$103$56$25
45 years$523$308$174$95$50$22
46 years$505$294$163$87$46$19
47 years$489$280$153$81$42$17
48 years$473$267$144$75$38$15
49 years$459$255$135$69$34$14
50 years$444$244$127$64$31$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $455,000, adding $2,667 every year, while hoping to spend $37,717 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: 49/39/12 Blend
69$455,000$455,000$455,000$455,000
70$504,161$480,046$472,994$527,088
71$515,455$463,438$448,708$526,515
72$526,637$444,751$422,345$521,731
73$537,655$423,846$393,795$515,682
74$548,452$400,570$362,944$508,263
75$558,963$374,767$329,671$499,357
76$569,115$346,269$293,853$488,843
77$578,827$314,898$255,359$476,586
78$588,006$280,467$214,053$462,445
79$596,551$242,778$169,792$446,266
80$604,348$201,623$122,428$427,884
81$611,268$156,779$71,807$407,119
82$617,171$108,015$17,766$383,780
83$621,898$55,083$0$357,661
84$625,273$0$0$333,646
85$627,100$0$0$310,123
86$627,163$0$0$309,259
87$625,219$0$0$307,283
88$621,000$0$0$304,050
89$614,209$0$0$299,398
90$604,516$0$0$293,148
91$591,556$0$0$285,101
92$574,923$0$0$275,038
93$554,169$0$0$262,716
94$528,797$0$0$247,866
95$498,258$0$0$230,188
96$461,942$0$0$209,355
97$419,178$0$0$185,000
98$369,220$0$0$156,721
99$311,246$0$0$124,073
100$244,346$0$0$86,563