Can I retire at age 70 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$42,115$41,740$41,374$41,017$40,668$40,027
2 years$20,849$20,461$20,085$19,720$19,366$18,722
3 years$13,761$13,371$12,996$12,635$12,286$11,659
4 years$10,218$9,829$9,458$9,103$8,763$8,158
5 years$8,093$7,706$7,340$6,992$6,661$6,080
6 years$6,676$6,293$5,932$5,591$5,271$4,713
7 years$5,665$5,285$4,929$4,597$4,287$3,753
8 years$4,907$4,530$4,180$3,856$3,556$3,047
9 years$4,317$3,944$3,600$3,285$2,995$2,510
10 years$3,846$3,477$3,139$2,831$2,552$2,090
11 years$3,461$3,095$2,764$2,464$2,195$1,756
12 years$3,140$2,778$2,453$2,161$1,902$1,486
13 years$2,869$2,510$2,191$1,908$1,658$1,264
14 years$2,637$2,282$1,969$1,694$1,454$1,081
15 years$2,435$2,085$1,778$1,511$1,280$928
16 years$2,259$1,913$1,612$1,353$1,131$799
17 years$2,104$1,761$1,466$1,215$1,003$690
18 years$1,967$1,628$1,339$1,095$892$597
19 years$1,844$1,508$1,226$990$795$518
20 years$1,733$1,402$1,125$896$710$450
21 years$1,633$1,306$1,035$813$635$392
22 years$1,543$1,219$953$740$570$341
23 years$1,460$1,140$880$674$511$298
24 years$1,384$1,068$814$614$460$260
25 years$1,315$1,002$754$561$414$227
26 years$1,251$942$699$513$372$199
27 years$1,192$887$649$470$336$174
28 years$1,137$835$604$430$303$152
29 years$1,086$788$562$395$274$133
30 years$1,038$744$523$362$247$117
31 years$994$704$488$333$224$102
32 years$952$666$455$306$202$90
33 years$913$630$425$281$183$79
34 years$877$598$397$259$166$69
35 years$842$567$371$238$150$61
36 years$810$538$347$219$136$53
37 years$779$511$325$202$123$47
38 years$751$486$304$186$112$41
39 years$723$462$285$172$101$36
40 years$697$439$267$158$92$32
41 years$673$418$251$146$83$28
42 years$649$398$235$135$76$24
43 years$627$379$221$124$69$21
44 years$606$362$207$115$62$19
45 years$586$345$194$106$57$16
46 years$567$329$183$98$51$14
47 years$548$314$172$91$47$13
48 years$531$300$161$84$42$11
49 years$514$286$152$77$38$10
50 years$498$273$143$71$35$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $510,000, adding $4,357 every year, while hoping to spend $26,256 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: 41/41/18 Blend
69$510,000$510,000$510,000$510,000
70$566,514$539,484$531,579$586,574
71$596,363$537,983$521,451$599,733
72$628,375$535,528$510,103$611,090
73$662,746$532,045$497,468$622,832
74$699,686$527,455$483,473$635,009
75$739,428$521,674$468,043$647,674
76$782,227$514,614$451,101$660,891
77$828,364$506,180$432,563$674,730
78$878,148$496,273$412,344$689,273
79$931,916$484,788$390,354$704,610
80$990,040$471,611$366,500$720,844
81$1,052,930$456,626$340,684$738,091
82$1,121,035$439,706$312,802$756,479
83$1,194,848$420,720$282,749$776,157
84$1,274,914$399,527$250,413$797,289
85$1,361,830$375,978$215,676$820,058
86$1,456,252$349,916$178,417$844,672
87$1,558,904$321,177$138,508$871,363
88$1,670,582$289,584$95,817$900,390
89$1,792,159$254,952$50,206$932,042
90$1,924,600$217,085$1,528$966,644
91$2,068,963$175,776$0$1,004,558
92$2,226,415$130,807$0$1,055,870
93$2,398,239$81,946$0$1,112,290
94$2,585,849$28,950$0$1,174,057
95$2,790,798$0$0$1,241,763
96$3,014,800$0$0$1,328,895
97$3,259,740$0$0$1,438,516
98$3,527,692$0$0$1,558,502
99$3,820,943$0$0$1,689,884
100$4,142,008$0$0$1,833,798