Can I retire at age 70 with 486,000?

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 $486,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$40,133$39,776$39,427$39,087$38,754$38,526
2 years$19,868$19,498$19,139$18,792$18,454$18,224
3 years$13,114$12,742$12,384$12,040$11,708$11,483
4 years$9,737$9,367$9,013$8,674$8,350$8,132
5 years$7,712$7,344$6,994$6,663$6,348$6,137
6 years$6,362$5,997$5,652$5,328$5,023$4,820
7 years$5,398$5,036$4,697$4,381$4,085$3,890
8 years$4,676$4,317$3,984$3,675$3,389$3,202
9 years$4,114$3,759$3,431$3,130$2,854$2,674
10 years$3,665$3,313$2,991$2,698$2,432$2,260
11 years$3,298$2,949$2,633$2,348$2,091$1,927
12 years$2,992$2,647$2,337$2,060$1,812$1,656
13 years$2,734$2,392$2,088$1,818$1,580$1,431
14 years$2,512$2,175$1,876$1,614$1,385$1,243
15 years$2,321$1,986$1,694$1,440$1,220$1,084
16 years$2,153$1,823$1,536$1,289$1,078$950
17 years$2,005$1,678$1,397$1,158$956$834
18 years$1,874$1,551$1,276$1,044$850$734
19 years$1,757$1,437$1,168$943$758$648
20 years$1,652$1,336$1,072$854$677$573
21 years$1,557$1,244$986$775$606$508
22 years$1,470$1,161$909$705$543$450
23 years$1,391$1,086$839$642$487$400
24 years$1,319$1,018$776$585$438$356
25 years$1,253$955$719$535$394$317
26 years$1,192$898$666$489$355$282
27 years$1,135$845$619$447$320$252
28 years$1,083$796$575$410$289$225
29 years$1,035$751$535$376$261$201
30 years$989$709$499$345$236$179
31 years$947$670$465$317$213$160
32 years$907$634$434$291$193$143
33 years$870$601$405$268$174$128
34 years$836$569$378$246$158$115
35 years$803$540$354$227$143$103
36 years$772$513$331$209$130$92
37 years$743$487$310$192$117$82
38 years$715$463$290$177$106$74
39 years$689$440$272$164$97$66
40 years$664$419$255$151$88$59
41 years$641$398$239$139$79$53
42 years$619$379$224$128$72$48
43 years$598$362$210$119$65$43
44 years$577$345$197$110$59$38
45 years$558$329$185$101$54$34
46 years$540$314$174$93$49$31
47 years$522$299$164$86$44$28
48 years$506$286$154$80$40$25
49 years$490$273$144$74$37$22
50 years$475$261$136$68$33$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $486,000, adding $4,680 every year, while hoping to spend $31,405 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: 63/14/23 Blend
69$486,000$486,000$486,000$486,000
70$540,399$514,641$507,108$570,920
71$562,105$506,444$490,682$583,895
72$584,973$496,793$472,652$594,151
73$609,087$485,583$452,933$604,645
74$634,541$472,703$431,434$615,403
75$661,436$458,038$408,059$626,456
76$689,883$441,462$382,709$637,839
77$720,003$422,845$355,281$649,593
78$751,926$402,047$325,666$661,762
79$785,798$378,923$293,752$674,399
80$821,777$353,317$259,419$687,562
81$860,033$325,065$222,545$701,317
82$900,756$293,993$183,000$715,740
83$944,153$259,918$140,650$730,914
84$990,448$222,646$95,354$746,935
85$1,039,891$181,973$46,965$763,909
86$1,092,752$137,682$0$781,958
87$1,149,329$89,544$0$802,364
88$1,209,948$37,319$0$836,505
89$1,274,967$0$0$873,054
90$1,344,778$0$0$915,209
91$1,419,812$0$0$966,722
92$1,500,543$0$0$1,022,172
93$1,587,489$0$0$1,081,918
94$1,681,222$0$0$1,146,356
95$1,782,367$0$0$1,215,920
96$1,891,613$0$0$1,291,088
97$2,009,717$0$0$1,372,384
98$2,137,510$0$0$1,460,385
99$2,275,906$0$0$1,555,725
100$2,425,911$0$0$1,659,100