Can I retire at age 70 with 465,000?

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 $465,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$38,399$38,057$37,724$37,398$37,080$36,892
2 years$19,010$18,656$18,312$17,980$17,657$17,468
3 years$12,547$12,192$11,849$11,520$11,202$11,017
4 years$9,317$8,962$8,623$8,299$7,990$7,810
5 years$7,379$7,026$6,692$6,375$6,074$5,900
6 years$6,087$5,738$5,408$5,098$4,806$4,639
7 years$5,165$4,818$4,494$4,191$3,908$3,748
8 years$4,474$4,130$3,811$3,516$3,242$3,088
9 years$3,937$3,596$3,283$2,995$2,731$2,583
10 years$3,507$3,170$2,862$2,582$2,327$2,185
11 years$3,156$2,822$2,520$2,247$2,001$1,866
12 years$2,863$2,533$2,236$1,971$1,734$1,605
13 years$2,616$2,289$1,998$1,740$1,512$1,389
14 years$2,404$2,081$1,795$1,544$1,325$1,208
15 years$2,220$1,901$1,621$1,377$1,167$1,055
16 years$2,060$1,744$1,469$1,233$1,031$925
17 years$1,919$1,606$1,337$1,108$915$814
18 years$1,793$1,484$1,221$999$813$717
19 years$1,681$1,375$1,117$902$725$634
20 years$1,580$1,278$1,025$817$647$562
21 years$1,489$1,190$943$742$579$498
22 years$1,407$1,111$869$674$519$443
23 years$1,331$1,039$803$614$466$394
24 years$1,262$974$742$560$419$351
25 years$1,199$914$688$512$377$313
26 years$1,140$859$638$468$340$279
27 years$1,086$808$592$428$306$249
28 years$1,036$762$550$392$276$223
29 years$990$719$512$360$249$199
30 years$947$679$477$330$225$178
31 years$906$641$445$303$204$160
32 years$868$607$415$279$184$143
33 years$833$575$388$256$167$128
34 years$799$545$362$236$151$115
35 years$768$517$339$217$137$103
36 years$739$490$317$200$124$92
37 years$711$466$296$184$112$83
38 years$684$443$278$170$102$74
39 years$659$421$260$157$92$67
40 years$636$400$244$144$84$60
41 years$613$381$229$133$76$54
42 years$592$363$214$123$69$48
43 years$572$346$201$113$63$43
44 years$552$330$189$105$57$39
45 years$534$314$177$97$52$35
46 years$517$300$167$89$47$32
47 years$500$286$156$83$43$28
48 years$484$273$147$76$39$25
49 years$469$261$138$71$35$23
50 years$454$249$130$65$32$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $465,000, adding $4,577 every year, while hoping to spend $20,518 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: 71/23/6 Blend
69$465,000$465,000$465,000$465,000
70$517,151$492,506$485,299$553,145
71$548,070$494,808$479,725$579,822
72$581,454$496,535$473,277$606,018
73$617,534$497,637$465,904$634,117
74$656,563$498,062$457,552$664,302
75$698,818$497,752$448,166$696,771
76$744,605$496,649$437,686$731,746
77$794,258$494,689$426,053$769,470
78$848,149$491,805$413,201$810,213
79$906,681$487,924$399,065$854,271
80$970,302$482,973$383,574$901,970
81$1,039,504$476,869$366,654$953,670
82$1,114,827$469,529$348,230$1,009,771
83$1,196,865$460,862$328,222$1,070,711
84$1,286,273$450,772$306,546$1,136,973
85$1,383,772$439,159$283,114$1,209,091
86$1,490,154$425,915$257,836$1,287,655
87$1,606,293$410,927$230,615$1,373,313
88$1,733,147$394,076$201,354$1,466,784
89$1,871,776$375,233$169,947$1,568,856
90$2,023,343$354,266$136,286$1,680,402
91$2,189,131$331,031$100,258$1,802,383
92$2,370,550$305,379$61,745$1,935,862
93$2,569,154$277,151$20,622$2,082,006
94$2,786,656$246,180$0$2,242,108
95$3,024,940$212,287$0$2,419,081
96$3,286,081$175,287$0$2,614,510
97$3,572,365$134,980$0$2,828,815
98$3,886,310$91,157$0$3,063,915
99$4,230,689$43,599$0$3,321,927
100$4,608,555$0$0$3,605,184