Can I retire at age 70 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$40,546$40,185$39,833$39,489$39,153$38,052
2 years$20,072$19,699$19,336$18,985$18,644$17,544
3 years$13,249$12,873$12,512$12,164$11,829$10,763
4 years$9,838$9,463$9,105$8,763$8,436$7,413
5 years$7,791$7,419$7,066$6,731$6,413$5,436
6 years$6,428$6,058$5,711$5,383$5,075$4,143
7 years$5,454$5,088$4,745$4,426$4,127$3,242
8 years$4,724$4,361$4,025$3,713$3,424$2,585
9 years$4,157$3,797$3,466$3,162$2,883$2,090
10 years$3,703$3,347$3,022$2,726$2,457$1,708
11 years$3,332$2,980$2,661$2,372$2,113$1,407
12 years$3,023$2,674$2,361$2,081$1,831$1,167
13 years$2,762$2,417$2,110$1,837$1,597$972
14 years$2,538$2,197$1,895$1,631$1,400$814
15 years$2,345$2,007$1,711$1,454$1,232$684
16 years$2,175$1,841$1,552$1,302$1,089$576
17 years$2,026$1,696$1,412$1,170$966$487
18 years$1,894$1,567$1,289$1,054$859$412
19 years$1,775$1,452$1,180$953$765$349
20 years$1,669$1,349$1,083$863$684$296
21 years$1,573$1,257$996$783$612$252
22 years$1,485$1,173$918$712$548$214
23 years$1,406$1,097$848$648$492$182
24 years$1,333$1,028$784$591$442$155
25 years$1,266$965$726$540$398$132
26 years$1,204$907$673$494$359$113
27 years$1,147$853$625$452$323$96
28 years$1,094$804$581$414$292$82
29 years$1,045$759$541$380$263$70
30 years$999$717$504$349$238$60
31 years$957$677$470$320$215$51
32 years$917$641$438$294$195$44
33 years$879$607$409$271$176$37
34 years$844$575$382$249$159$32
35 years$811$546$357$229$144$27
36 years$780$518$334$211$131$23
37 years$750$492$313$194$119$20
38 years$723$467$293$179$108$17
39 years$696$444$275$165$98$15
40 years$671$423$257$152$88$12
41 years$648$403$241$141$80$11
42 years$625$383$226$130$73$9
43 years$604$365$212$120$66$8
44 years$583$348$199$111$60$7
45 years$564$332$187$102$54$6
46 years$545$317$176$94$49$5
47 years$528$302$165$87$45$4
48 years$511$289$155$81$41$4
49 years$495$276$146$74$37$3
50 years$479$263$137$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $491,000, adding $5,024 every year, while hoping to spend $42,948 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: 71/23/6 Blend
69$491,000$491,000$491,000$491,000
70$546,264$520,241$512,631$584,271
71$556,287$500,037$484,108$589,830
72$565,892$477,403$453,189$590,090
73$574,993$452,175$419,751$589,178
74$583,490$424,179$383,660$586,965
75$591,274$393,232$344,781$583,313
76$598,223$359,139$302,970$578,071
77$604,199$321,695$258,077$571,073
78$609,051$280,682$209,946$562,138
79$612,610$235,870$158,415$551,069
80$614,687$187,019$103,312$537,648
81$615,072$133,870$44,461$521,641
82$613,534$76,155$0$502,788
83$609,815$13,587$0$481,980
84$603,628$0$0$460,849
85$594,656$0$0$449,922
86$582,546$0$0$439,964
87$566,909$0$0$427,230
88$547,313$0$0$411,383
89$523,279$0$0$392,048
90$494,278$0$0$368,810
91$459,725$0$0$341,210
92$418,970$0$0$308,740
93$371,297$0$0$270,840
94$315,914$0$0$226,887
95$251,945$0$0$176,197
96$178,420$0$0$118,010
97$94,270$0$0$51,490
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0