Can I retire at age 70 with 482,000?

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 $482,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$39,803$39,449$39,103$38,765$38,435$37,461
2 years$19,705$19,338$18,982$18,637$18,303$17,327
3 years$13,006$12,637$12,283$11,941$11,612$10,666
4 years$9,657$9,290$8,939$8,603$8,282$7,372
5 years$7,649$7,283$6,937$6,608$6,296$5,426
6 years$6,310$5,947$5,606$5,284$4,982$4,152
7 years$5,354$4,995$4,658$4,344$4,051$3,262
8 years$4,637$4,281$3,951$3,644$3,361$2,611
9 years$4,080$3,728$3,403$3,104$2,830$2,120
10 years$3,635$3,286$2,967$2,676$2,412$1,740
11 years$3,271$2,925$2,612$2,329$2,074$1,440
12 years$2,968$2,625$2,318$2,043$1,797$1,199
13 years$2,711$2,373$2,071$1,803$1,567$1,004
14 years$2,492$2,157$1,861$1,601$1,374$845
15 years$2,302$1,970$1,680$1,428$1,210$713
16 years$2,135$1,808$1,523$1,278$1,069$604
17 years$1,989$1,665$1,386$1,149$948$513
18 years$1,859$1,538$1,265$1,035$843$436
19 years$1,743$1,426$1,158$935$751$372
20 years$1,638$1,325$1,063$847$671$317
21 years$1,544$1,234$978$769$601$271
22 years$1,458$1,152$901$699$538$232
23 years$1,380$1,077$832$637$483$198
24 years$1,308$1,009$770$581$434$170
25 years$1,243$947$713$530$391$146
26 years$1,182$890$661$485$352$125
27 years$1,126$838$614$444$317$107
28 years$1,074$789$571$407$286$92
29 years$1,026$745$531$373$259$79
30 years$981$703$495$342$234$68
31 years$939$665$461$314$211$58
32 years$900$629$430$289$191$50
33 years$863$596$402$266$173$43
34 years$829$565$375$244$157$37
35 years$796$536$351$225$142$32
36 years$766$508$328$207$128$27
37 years$737$483$307$191$116$24
38 years$709$459$288$176$106$20
39 years$683$436$270$162$96$17
40 years$659$415$253$150$87$15
41 years$636$395$237$138$79$13
42 years$614$376$222$127$71$11
43 years$593$359$209$118$65$10
44 years$573$342$196$109$59$8
45 years$554$326$184$100$53$7
46 years$535$311$173$93$49$6
47 years$518$297$162$86$44$5
48 years$502$283$152$79$40$5
49 years$486$271$143$73$36$4
50 years$471$258$135$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $482,000, adding $5,349 every year, while hoping to spend $30,020 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: 56/23/21 Blend
69$482,000$482,000$482,000$482,000
70$536,681$511,135$503,664$563,415
71$559,482$504,240$488,596$575,377
72$583,602$496,001$472,017$584,752
73$609,144$486,320$453,845$594,313
74$636,221$475,094$433,993$604,087
75$664,956$462,214$412,372$614,103
76$695,483$447,563$388,887$624,395
77$727,948$431,020$363,441$635,005
78$762,514$412,454$335,931$645,977
79$799,354$391,729$306,249$657,364
80$838,663$368,698$274,283$669,225
81$880,651$343,209$239,916$681,629
82$925,550$315,099$203,026$694,652
83$973,614$284,196$163,485$708,382
84$1,025,120$250,320$121,159$722,918
85$1,080,374$213,277$75,910$738,372
86$1,139,711$172,866$27,591$754,871
87$1,203,498$128,873$0$772,556
88$1,272,139$81,072$0$796,959
89$1,346,077$29,224$0$829,837
90$1,425,797$0$0$865,239
91$1,511,836$0$0$910,244
92$1,604,779$0$0$966,885
93$1,705,273$0$0$1,028,163
94$1,814,027$0$0$1,094,515
95$1,931,821$0$0$1,166,421
96$2,059,511$0$0$1,244,411
97$2,198,041$0$0$1,329,064
98$2,348,448$0$0$1,421,020
99$2,511,871$0$0$1,520,982
100$2,689,567$0$0$1,629,723