Can I retire at age 70 with 496,000?

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 $496,000?

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$40,959$40,594$40,238$39,891$39,552$39,270
2 years$20,277$19,899$19,533$19,178$18,834$18,550
3 years$13,384$13,004$12,639$12,288$11,949$11,671
4 years$9,938$9,560$9,198$8,853$8,522$8,253
5 years$7,871$7,495$7,138$6,800$6,478$6,218
6 years$6,493$6,120$5,769$5,438$5,126$4,876
7 years$5,510$5,140$4,794$4,471$4,169$3,928
8 years$4,772$4,406$4,066$3,750$3,459$3,228
9 years$4,199$3,836$3,502$3,194$2,913$2,692
10 years$3,741$3,381$3,053$2,754$2,482$2,270
11 years$3,366$3,010$2,688$2,397$2,134$1,933
12 years$3,054$2,702$2,385$2,102$1,850$1,657
13 years$2,790$2,441$2,131$1,856$1,613$1,430
14 years$2,564$2,219$1,915$1,647$1,414$1,239
15 years$2,368$2,027$1,729$1,469$1,245$1,079
16 years$2,197$1,860$1,567$1,315$1,100$943
17 years$2,047$1,713$1,426$1,182$976$826
18 years$1,913$1,583$1,302$1,065$867$726
19 years$1,793$1,467$1,192$962$773$639
20 years$1,686$1,363$1,094$872$691$564
21 years$1,589$1,270$1,006$791$618$499
22 years$1,500$1,185$927$719$554$441
23 years$1,420$1,109$856$655$497$391
24 years$1,346$1,039$792$597$447$347
25 years$1,279$975$733$546$402$308
26 years$1,216$916$680$499$362$274
27 years$1,159$862$632$457$327$244
28 years$1,105$812$587$418$295$217
29 years$1,056$766$546$384$266$193
30 years$1,010$724$509$352$240$172
31 years$966$684$475$323$217$154
32 years$926$647$443$297$197$137
33 years$888$613$413$273$178$122
34 years$853$581$386$251$161$109
35 years$819$551$361$231$146$98
36 years$788$523$338$213$132$87
37 years$758$497$316$196$120$78
38 years$730$472$296$181$109$70
39 years$703$449$277$167$99$62
40 years$678$427$260$154$89$56
41 years$654$407$244$142$81$50
42 years$631$387$229$131$74$44
43 years$610$369$215$121$67$40
44 years$589$352$201$112$61$36
45 years$570$335$189$103$55$32
46 years$551$320$178$95$50$28
47 years$533$305$167$88$45$25
48 years$516$291$157$81$41$23
49 years$500$278$147$75$37$20
50 years$484$266$139$70$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $496,000, adding $6,628 every year, while hoping to spend $30,465 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: 82/12/6 Blend
69$496,000$496,000$496,000$496,000
70$553,429$527,141$519,453$598,042
71$577,464$520,556$504,440$621,594
72$602,930$512,628$487,903$642,676
73$629,940$503,258$469,759$664,875
74$658,618$492,342$449,921$688,286
75$689,102$479,771$428,297$713,011
76$721,538$465,428$404,794$739,165
77$756,091$449,190$379,310$766,873
78$792,939$430,927$351,743$796,274
79$832,276$410,499$321,984$827,520
80$874,317$387,763$289,919$860,779
81$919,296$362,562$255,430$896,237
82$967,471$334,734$218,394$934,097
83$1,019,123$304,107$178,681$974,586
84$1,074,563$270,497$136,155$1,017,951
85$1,134,129$233,712$90,678$1,064,467
86$1,198,195$193,549$42,100$1,114,436
87$1,267,170$149,792$0$1,168,191
88$1,341,503$102,213$0$1,226,724
89$1,421,688$50,574$0$1,292,733
90$1,508,268$0$0$1,363,979
91$1,601,838$0$0$1,441,677
92$1,703,054$0$0$1,532,957
93$1,812,635$0$0$1,631,790
94$1,931,373$0$0$1,738,892
95$2,060,139$0$0$1,855,049
96$2,199,890$0$0$1,981,127
97$2,351,678$0$0$2,118,075
98$2,516,662$0$0$2,266,940
99$2,696,115$0$0$2,428,874
100$2,891,439$0$0$2,605,142