Can I retire at age 70 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$38,482$38,139$37,805$37,478$37,159$36,771
2 years$19,050$18,696$18,352$18,018$17,695$17,304
3 years$12,574$12,218$11,875$11,545$11,226$10,845
4 years$9,337$8,981$8,642$8,317$8,007$7,638
5 years$7,395$7,042$6,706$6,388$6,087$5,731
6 years$6,100$5,750$5,420$5,109$4,816$4,474
7 years$5,176$4,829$4,504$4,200$3,917$3,589
8 years$4,484$4,139$3,820$3,524$3,249$2,936
9 years$3,945$3,604$3,290$3,001$2,736$2,436
10 years$3,514$3,177$2,868$2,587$2,332$2,045
11 years$3,162$2,828$2,525$2,252$2,005$1,732
12 years$2,869$2,538$2,241$1,975$1,738$1,478
13 years$2,621$2,294$2,002$1,744$1,515$1,268
14 years$2,409$2,085$1,799$1,548$1,328$1,094
15 years$2,225$1,905$1,624$1,380$1,170$947
16 years$2,065$1,748$1,473$1,236$1,034$823
17 years$1,923$1,609$1,340$1,110$917$718
18 years$1,797$1,487$1,223$1,001$815$627
19 years$1,685$1,378$1,120$904$726$549
20 years$1,584$1,281$1,028$819$649$482
21 years$1,493$1,193$945$743$581$423
22 years$1,410$1,114$871$676$520$372
23 years$1,334$1,042$804$615$467$328
24 years$1,265$976$744$561$420$289
25 years$1,201$916$689$513$378$255
26 years$1,143$861$639$469$340$226
27 years$1,089$810$593$429$307$199
28 years$1,039$763$552$393$277$176
29 years$992$720$513$360$250$156
30 years$949$680$478$331$226$138
31 years$908$643$446$304$204$122
32 years$870$608$416$279$185$109
33 years$835$576$388$257$167$96
34 years$801$546$363$236$151$85
35 years$770$518$339$217$137$76
36 years$740$491$317$200$124$67
37 years$712$467$297$185$113$60
38 years$686$444$278$170$102$53
39 years$661$422$261$157$93$47
40 years$637$401$244$145$84$42
41 years$615$382$229$133$76$37
42 years$593$364$215$123$69$33
43 years$573$347$202$114$63$29
44 years$554$330$189$105$57$26
45 years$535$315$178$97$52$23
46 years$518$301$167$90$47$20
47 years$501$287$157$83$43$18
48 years$485$274$147$76$39$16
49 years$470$262$138$71$35$14
50 years$455$250$130$65$32$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $466,000, adding $5,817 every year, while hoping to spend $34,352 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: 57/35/8 Blend
69$466,000$466,000$466,000$466,000
70$519,532$494,834$487,611$547,865
71$535,974$482,531$467,396$555,322
72$552,942$468,473$445,352$559,086
73$570,453$452,539$421,382$562,346
74$588,525$434,599$395,384$565,057
75$607,177$414,517$367,252$567,173
76$626,427$392,147$336,874$568,642
77$646,297$367,337$304,133$569,411
78$666,807$339,924$268,909$569,426
79$687,979$309,737$231,075$568,624
80$709,834$276,596$190,497$566,945
81$732,397$240,308$147,038$564,320
82$755,690$200,673$100,554$560,679
83$779,741$157,476$50,892$555,946
84$804,574$110,492$0$550,043
85$830,217$59,482$0$543,066
86$856,698$4,196$0$539,393
87$884,048$0$0$534,598
88$912,295$0$0$550,022
89$941,474$0$0$567,624
90$971,616$0$0$585,810
91$1,002,757$0$0$604,599
92$1,034,934$0$0$624,015
93$1,068,185$0$0$644,080
94$1,102,550$0$0$664,818
95$1,138,070$0$0$686,256
96$1,174,789$0$0$708,420
97$1,212,754$0$0$731,338
98$1,252,013$0$0$755,039
99$1,292,616$0$0$779,554
100$1,334,617$0$0$804,916