Can I retire at age 70 with 474,000?

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 $474,000?

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$39,142$38,794$38,454$38,122$37,797$37,622
2 years$19,377$19,017$18,667$18,328$17,999$17,822
3 years$12,790$12,428$12,079$11,743$11,419$11,246
4 years$9,497$9,136$8,790$8,460$8,144$7,976
5 years$7,522$7,162$6,822$6,498$6,191$6,029
6 years$6,205$5,849$5,513$5,197$4,899$4,743
7 years$5,265$4,912$4,581$4,272$3,984$3,834
8 years$4,560$4,210$3,885$3,584$3,305$3,161
9 years$4,013$3,666$3,346$3,053$2,783$2,645
10 years$3,575$3,231$2,917$2,632$2,372$2,239
11 years$3,217$2,877$2,568$2,290$2,040$1,913
12 years$2,918$2,582$2,279$2,009$1,768$1,646
13 years$2,666$2,333$2,037$1,773$1,541$1,426
14 years$2,450$2,121$1,830$1,574$1,351$1,241
15 years$2,263$1,937$1,652$1,404$1,190$1,085
16 years$2,100$1,778$1,498$1,257$1,051$952
17 years$1,956$1,637$1,363$1,130$932$838
18 years$1,828$1,513$1,244$1,018$829$739
19 years$1,714$1,402$1,139$920$739$654
20 years$1,611$1,303$1,045$833$660$579
21 years$1,518$1,213$962$756$591$514
22 years$1,434$1,133$886$687$529$457
23 years$1,357$1,059$818$626$475$407
24 years$1,287$993$757$571$427$363
25 years$1,222$932$701$521$384$324
26 years$1,163$875$650$477$346$289
27 years$1,107$824$604$436$312$259
28 years$1,056$776$561$400$282$231
29 years$1,009$732$522$367$254$207
30 years$965$692$486$337$230$185
31 years$924$654$453$309$208$166
32 years$885$619$423$284$188$149
33 years$849$586$395$261$170$134
34 years$815$555$369$240$154$120
35 years$783$527$345$221$139$108
36 years$753$500$323$204$126$97
37 years$724$475$302$188$115$87
38 years$698$451$283$173$104$78
39 years$672$429$265$160$94$70
40 years$648$408$248$147$85$63
41 years$625$389$233$136$77$57
42 years$603$370$219$125$70$51
43 years$583$353$205$116$64$46
44 years$563$336$193$107$58$41
45 years$544$321$181$99$53$37
46 years$527$306$170$91$48$33
47 years$510$292$159$84$43$30
48 years$493$279$150$78$39$27
49 years$478$266$141$72$36$24
50 years$463$254$132$66$32$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $474,000, adding $6,465 every year, while hoping to spend $33,840 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: 52/29/19 Blend
69$474,000$474,000$474,000$474,000
70$529,017$503,895$496,548$553,451
71$546,971$492,580$477,176$559,635
72$565,622$479,577$456,022$562,297
73$585,006$464,766$432,989$564,463
74$605,160$448,024$407,978$566,096
75$626,126$429,216$380,884$567,160
76$647,945$408,202$351,599$567,615
77$670,666$384,835$320,008$567,420
78$694,339$358,956$285,993$566,534
79$719,016$330,400$249,429$564,912
80$744,758$298,991$210,186$562,509
81$771,625$264,544$168,130$559,278
82$799,687$226,863$123,118$555,171
83$829,015$185,739$75,003$550,136
84$859,690$140,955$23,630$544,124
85$891,796$92,280$0$537,080
86$925,426$39,468$0$535,275
87$960,680$0$0$537,853
88$997,667$0$0$545,657
89$1,036,505$0$0$567,093
90$1,077,323$0$0$589,637
91$1,120,259$0$0$613,368
92$1,165,466$0$0$638,373
93$1,213,109$0$0$664,745
94$1,263,367$0$0$692,588
95$1,316,437$0$0$722,011
96$1,372,533$0$0$753,136
97$1,431,888$0$0$786,098
98$1,494,757$0$0$821,040
99$1,561,419$0$0$858,120
100$1,632,177$0$0$897,514