Can I retire at age 70 with 507,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$41,868$41,495$41,131$40,776$40,429$39,973
2 years$20,727$20,341$19,966$19,604$19,252$18,793
3 years$13,680$13,293$12,920$12,560$12,214$11,767
4 years$10,158$9,772$9,402$9,049$8,711$8,279
5 years$8,045$7,661$7,296$6,950$6,622$6,205
6 years$6,637$6,256$5,897$5,558$5,240$4,839
7 years$5,632$5,254$4,900$4,570$4,261$3,878
8 years$4,878$4,503$4,156$3,834$3,535$3,168
9 years$4,292$3,921$3,579$3,265$2,977$2,626
10 years$3,824$3,456$3,121$2,815$2,537$2,202
11 years$3,441$3,077$2,747$2,450$2,182$1,863
12 years$3,122$2,762$2,438$2,149$1,891$1,587
13 years$2,852$2,496$2,178$1,897$1,649$1,360
14 years$2,621$2,268$1,957$1,684$1,445$1,172
15 years$2,421$2,072$1,767$1,502$1,272$1,013
16 years$2,246$1,901$1,602$1,345$1,125$879
17 years$2,092$1,751$1,458$1,208$997$765
18 years$1,955$1,618$1,331$1,089$887$668
19 years$1,833$1,500$1,218$984$790$584
20 years$1,723$1,393$1,118$891$706$511
21 years$1,624$1,298$1,028$809$632$449
22 years$1,534$1,212$948$735$566$394
23 years$1,451$1,133$875$670$508$347
24 years$1,376$1,062$809$611$457$305
25 years$1,307$996$750$558$411$269
26 years$1,243$936$695$510$370$237
27 years$1,185$881$646$467$334$210
28 years$1,130$830$600$428$301$185
29 years$1,079$783$559$392$272$164
30 years$1,032$740$520$360$246$145
31 years$988$699$485$331$222$128
32 years$947$662$453$304$201$113
33 years$908$627$423$279$182$100
34 years$872$594$395$257$165$89
35 years$837$563$369$237$149$79
36 years$805$535$345$218$135$70
37 years$775$508$323$201$122$62
38 years$746$483$303$185$111$55
39 years$719$459$284$171$101$48
40 years$693$437$266$157$91$43
41 years$669$416$249$145$83$38
42 years$645$396$234$134$75$34
43 years$623$377$219$124$68$30
44 years$602$360$206$114$62$26
45 years$582$343$193$105$56$23
46 years$563$327$182$97$51$21
47 years$545$312$171$90$46$18
48 years$528$298$160$83$42$16
49 years$511$285$151$77$38$15
50 years$495$272$142$71$35$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $507,000, adding $6,840 every year, while hoping to spend $36,218 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: 45/35/20 Blend
69$507,000$507,000$507,000$507,000
70$565,769$538,898$531,040$587,695
71$584,942$526,769$510,294$591,642
72$604,857$512,831$487,639$591,802
73$625,551$496,958$462,974$591,225
74$647,064$479,016$436,190$589,860
75$669,439$458,862$407,177$587,652
76$692,722$436,347$375,818$584,546
77$716,962$411,311$341,991$580,481
78$742,213$383,585$305,568$575,397
79$768,531$352,994$266,417$569,229
80$795,978$319,347$224,399$561,910
81$824,620$282,447$179,368$553,370
82$854,528$242,084$131,174$543,536
83$885,780$198,036$79,658$532,332
84$918,457$150,068$24,655$519,679
85$952,652$97,933$0$505,496
86$988,460$41,369$0$496,962
87$1,025,988$0$0$492,813
88$1,065,349$0$0$495,395
89$1,106,669$0$0$514,848
90$1,150,083$0$0$535,308
91$1,195,736$0$0$556,844
92$1,243,789$0$0$579,536
93$1,294,415$0$0$603,467
94$1,347,803$0$0$628,732
95$1,404,159$0$0$655,430
96$1,463,709$0$0$683,673
97$1,526,697$0$0$713,580
98$1,593,391$0$0$745,283
99$1,664,083$0$0$778,926
100$1,739,093$0$0$814,665