Can I retire at age 70 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$42,033$41,658$41,293$40,937$40,588$40,231
2 years$20,808$20,421$20,045$19,681$19,328$18,968
3 years$13,734$13,345$12,971$12,610$12,262$11,911
4 years$10,198$9,810$9,439$9,085$8,746$8,405
5 years$8,077$7,691$7,325$6,978$6,648$6,320
6 years$6,663$6,280$5,920$5,580$5,261$4,945
7 years$5,654$5,274$4,919$4,588$4,278$3,975
8 years$4,897$4,521$4,172$3,849$3,549$3,259
9 years$4,309$3,936$3,593$3,278$2,989$2,711
10 years$3,839$3,470$3,133$2,826$2,547$2,281
11 years$3,454$3,089$2,758$2,459$2,190$1,937
12 years$3,134$2,772$2,448$2,157$1,898$1,657
13 years$2,863$2,505$2,187$1,904$1,655$1,426
14 years$2,631$2,277$1,965$1,691$1,451$1,233
15 years$2,431$2,080$1,774$1,508$1,277$1,071
16 years$2,255$1,909$1,608$1,350$1,129$933
17 years$2,100$1,758$1,464$1,213$1,001$815
18 years$1,963$1,624$1,336$1,093$890$714
19 years$1,840$1,505$1,223$988$793$627
20 years$1,730$1,399$1,123$895$709$552
21 years$1,630$1,303$1,033$812$634$486
22 years$1,540$1,216$952$738$568$429
23 years$1,457$1,138$879$672$510$379
24 years$1,382$1,066$813$613$459$336
25 years$1,312$1,000$753$560$413$297
26 years$1,248$940$698$512$372$263
27 years$1,189$885$648$469$335$234
28 years$1,134$834$603$429$302$207
29 years$1,084$787$561$394$273$184
30 years$1,036$743$522$361$247$164
31 years$992$702$487$332$223$145
32 years$950$664$454$305$202$129
33 years$912$629$424$280$183$115
34 years$875$596$396$258$165$102
35 years$841$566$371$238$150$91
36 years$808$537$347$219$136$81
37 years$778$510$324$202$123$72
38 years$749$485$304$186$111$64
39 years$722$461$285$171$101$57
40 years$696$438$267$158$92$51
41 years$671$417$250$146$83$45
42 years$648$397$235$135$75$41
43 years$626$379$220$124$69$36
44 years$605$361$207$115$62$32
45 years$585$344$194$106$56$29
46 years$565$328$182$98$51$26
47 years$547$313$171$90$47$23
48 years$530$299$161$84$42$20
49 years$513$286$151$77$38$18
50 years$497$273$142$71$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $509,000, adding $6,604 every year, while hoping to spend $36,637 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: 44/30/26 Blend
69$509,000$509,000$509,000$509,000
70$567,730$540,753$532,864$588,176
71$586,657$528,268$511,733$590,874
72$606,287$513,944$488,667$589,770
73$626,652$497,651$463,561$587,858
74$647,788$479,254$436,308$585,082
75$669,732$458,607$406,794$581,387
76$692,525$435,559$374,901$576,710
77$716,208$409,947$340,506$570,989
78$740,828$381,601$303,480$564,158
79$766,434$350,341$263,688$556,148
80$793,077$315,975$220,989$546,886
81$820,815$278,302$175,236$536,296
82$849,708$237,109$126,276$524,301
83$879,821$192,169$73,949$510,817
84$911,224$143,247$18,088$495,758
85$943,992$90,089$0$479,037
86$978,207$32,432$0$472,079
87$1,013,957$0$0$469,372
88$1,051,336$0$0$475,751
89$1,090,448$0$0$493,644
90$1,131,403$0$0$512,397
91$1,174,322$0$0$532,067
92$1,219,335$0$0$552,717
93$1,266,585$0$0$574,414
94$1,316,225$0$0$597,232
95$1,368,422$0$0$621,251
96$1,423,358$0$0$646,557
97$1,481,232$0$0$673,245
98$1,542,258$0$0$701,419
99$1,606,673$0$0$731,191
100$1,674,731$0$0$762,684