Can I retire at age 70 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$41,042$40,676$40,320$39,971$39,631$39,316
2 years$20,318$19,939$19,573$19,217$18,872$18,554
3 years$13,411$13,031$12,665$12,313$11,973$11,662
4 years$9,958$9,579$9,217$8,870$8,539$8,238
5 years$7,887$7,510$7,153$6,813$6,492$6,201
6 years$6,506$6,132$5,780$5,449$5,137$4,857
7 years$5,521$5,150$4,803$4,480$4,177$3,909
8 years$4,782$4,415$4,074$3,758$3,466$3,208
9 years$4,207$3,844$3,509$3,201$2,918$2,672
10 years$3,748$3,388$3,059$2,759$2,487$2,251
11 years$3,373$3,016$2,693$2,401$2,139$1,914
12 years$3,060$2,707$2,390$2,106$1,853$1,639
13 years$2,796$2,446$2,135$1,860$1,616$1,412
14 years$2,569$2,224$1,919$1,651$1,417$1,223
15 years$2,373$2,031$1,732$1,472$1,247$1,063
16 years$2,202$1,864$1,571$1,318$1,102$928
17 years$2,051$1,716$1,429$1,184$977$812
18 years$1,917$1,586$1,305$1,067$869$712
19 years$1,797$1,470$1,194$964$775$626
20 years$1,689$1,366$1,096$873$692$552
21 years$1,592$1,272$1,008$793$619$487
22 years$1,503$1,188$929$721$555$431
23 years$1,423$1,111$858$656$498$381
24 years$1,349$1,041$793$599$448$338
25 years$1,281$977$735$547$403$299
26 years$1,219$918$682$500$363$266
27 years$1,161$864$633$458$327$236
28 years$1,108$814$588$419$295$210
29 years$1,058$768$548$384$267$187
30 years$1,012$725$510$353$241$166
31 years$968$686$475$324$218$148
32 years$928$649$444$298$197$132
33 years$890$614$414$274$178$117
34 years$854$582$387$252$161$105
35 years$821$552$362$232$146$93
36 years$789$524$338$214$132$83
37 years$760$498$317$197$120$74
38 years$731$473$297$181$109$66
39 years$705$450$278$167$99$59
40 years$679$428$261$154$90$53
41 years$656$407$244$142$81$47
42 years$633$388$229$131$74$42
43 years$611$370$215$121$67$37
44 years$591$352$202$112$61$33
45 years$571$336$190$103$55$30
46 years$552$321$178$96$50$27
47 years$534$306$167$88$45$24
48 years$517$292$157$82$41$21
49 years$501$279$148$75$37$19
50 years$485$266$139$70$34$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $497,000, adding $3,828 every year, while hoping to spend $38,447 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: 39/46/15 Blend
69$497,000$497,000$497,000$497,000
70$551,643$525,302$517,598$570,539
71$567,003$510,134$494,030$569,189
72$582,641$492,935$468,384$563,721
73$598,546$473,563$440,550$556,984
74$614,701$451,872$410,413$548,880
75$631,090$427,703$377,851$539,309
76$647,692$400,892$342,740$528,162
77$664,483$371,262$304,948$515,323
78$681,435$338,627$264,338$500,670
79$698,514$302,793$220,766$484,072
80$715,684$263,552$174,083$465,390
81$732,902$220,684$124,133$444,476
82$750,119$173,958$70,753$421,171
83$767,279$123,131$13,771$395,309
84$784,321$67,943$0$366,709
85$801,172$8,123$0$342,710
86$817,753$0$0$318,422
87$833,973$0$0$320,111
88$849,731$0$0$325,677
89$864,913$0$0$330,957
90$879,392$0$0$335,896
91$893,025$0$0$340,430
92$905,652$0$0$344,491
93$917,096$0$0$348,000
94$927,158$0$0$350,871
95$935,616$0$0$353,006
96$942,225$0$0$354,300
97$946,709$0$0$354,632
98$948,765$0$0$353,870
99$948,054$0$0$351,867
100$944,199$0$0$348,459