Can I retire at age 70 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$39,308$38,958$38,616$38,282$37,957$37,686
2 years$19,459$19,097$18,746$18,405$18,075$17,802
3 years$12,844$12,480$12,130$11,792$11,467$11,200
4 years$9,537$9,174$8,827$8,496$8,179$7,920
5 years$7,553$7,193$6,850$6,525$6,217$5,968
6 years$6,231$5,873$5,536$5,218$4,919$4,679
7 years$5,287$4,932$4,601$4,290$4,001$3,770
8 years$4,580$4,228$3,902$3,599$3,319$3,098
9 years$4,030$3,681$3,360$3,066$2,795$2,583
10 years$3,590$3,245$2,930$2,643$2,382$2,179
11 years$3,230$2,889$2,579$2,300$2,048$1,855
12 years$2,931$2,593$2,289$2,017$1,775$1,590
13 years$2,678$2,343$2,045$1,781$1,548$1,372
14 years$2,461$2,130$1,838$1,581$1,357$1,189
15 years$2,273$1,946$1,659$1,410$1,195$1,036
16 years$2,109$1,785$1,504$1,262$1,056$905
17 years$1,964$1,644$1,369$1,134$936$793
18 years$1,836$1,519$1,249$1,022$832$697
19 years$1,721$1,408$1,144$924$742$614
20 years$1,618$1,308$1,050$837$663$542
21 years$1,525$1,219$966$759$593$479
22 years$1,440$1,138$890$690$532$424
23 years$1,363$1,064$822$629$477$376
24 years$1,292$997$760$573$429$333
25 years$1,227$935$704$524$386$296
26 years$1,167$879$653$479$348$263
27 years$1,112$827$606$438$313$234
28 years$1,061$780$564$402$283$208
29 years$1,013$736$524$368$255$186
30 years$969$695$488$338$231$165
31 years$928$657$455$310$209$148
32 years$889$621$425$285$189$132
33 years$852$588$397$262$171$117
34 years$818$558$371$241$155$105
35 years$786$529$347$222$140$94
36 years$756$502$324$205$127$84
37 years$727$477$303$189$115$75
38 years$700$453$284$174$104$67
39 years$675$431$266$160$95$60
40 years$651$410$250$148$86$53
41 years$628$390$234$136$78$48
42 years$606$372$219$126$71$43
43 years$585$354$206$116$64$38
44 years$566$338$193$107$58$34
45 years$547$322$182$99$53$31
46 years$529$307$170$91$48$27
47 years$512$293$160$85$44$24
48 years$495$280$151$78$40$22
49 years$480$267$141$72$36$20
50 years$465$255$133$67$33$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $476,000, adding $4,373 every year, while hoping to spend $42,809 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: 73/14/13 Blend
69$476,000$476,000$476,000$476,000
70$529,063$503,835$496,457$565,918
71$537,479$482,974$467,540$570,028
72$545,318$459,657$436,219$568,825
73$552,478$433,717$402,369$566,354
74$558,841$404,979$365,859$562,478
75$564,278$373,259$326,550$557,047
76$568,645$338,359$284,301$549,898
77$571,783$300,075$238,961$540,852
78$573,512$258,186$190,374$529,711
79$573,636$212,462$138,376$516,262
80$571,933$162,659$82,798$500,268
81$568,159$108,519$23,461$481,472
82$562,044$49,769$0$459,590
83$553,288$0$0$439,843
84$541,556$0$0$422,331
85$526,481$0$0$409,783
86$507,653$0$0$394,204
87$484,619$0$0$375,228
88$456,880$0$0$352,452
89$423,881$0$0$325,430
90$385,008$0$0$293,668
91$339,584$0$0$256,620
92$286,858$0$0$213,683
93$226,003$0$0$164,189
94$156,102$0$0$107,401
95$76,142$0$0$42,505
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0