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%14.5%
1 years$42,115$41,740$41,374$41,017$40,668$39,912
2 years$20,849$20,461$20,085$19,720$19,366$18,607
3 years$13,761$13,371$12,996$12,635$12,286$11,549
4 years$10,218$9,829$9,458$9,103$8,763$8,051
5 years$8,093$7,706$7,340$6,992$6,661$5,979
6 years$6,676$6,293$5,932$5,591$5,271$4,617
7 years$5,665$5,285$4,929$4,597$4,287$3,663
8 years$4,907$4,530$4,180$3,856$3,556$2,961
9 years$4,317$3,944$3,600$3,285$2,995$2,429
10 years$3,846$3,477$3,139$2,831$2,552$2,014
11 years$3,461$3,095$2,764$2,464$2,195$1,685
12 years$3,140$2,778$2,453$2,161$1,902$1,419
13 years$2,869$2,510$2,191$1,908$1,658$1,202
14 years$2,637$2,282$1,969$1,694$1,454$1,023
15 years$2,435$2,085$1,778$1,511$1,280$874
16 years$2,259$1,913$1,612$1,353$1,131$749
17 years$2,104$1,761$1,466$1,215$1,003$644
18 years$1,967$1,628$1,339$1,095$892$554
19 years$1,844$1,508$1,226$990$795$478
20 years$1,733$1,402$1,125$896$710$413
21 years$1,633$1,306$1,035$813$635$358
22 years$1,543$1,219$953$740$570$310
23 years$1,460$1,140$880$674$511$269
24 years$1,384$1,068$814$614$460$234
25 years$1,315$1,002$754$561$414$203
26 years$1,251$942$699$513$372$176
27 years$1,192$887$649$470$336$153
28 years$1,137$835$604$430$303$134
29 years$1,086$788$562$395$274$116
30 years$1,038$744$523$362$247$101
31 years$994$704$488$333$224$88
32 years$952$666$455$306$202$77
33 years$913$630$425$281$183$67
34 years$877$598$397$259$166$59
35 years$842$567$371$238$150$51
36 years$810$538$347$219$136$45
37 years$779$511$325$202$123$39
38 years$751$486$304$186$112$34
39 years$723$462$285$172$101$30
40 years$697$439$267$158$92$26
41 years$673$418$251$146$83$23
42 years$649$398$235$135$76$20
43 years$627$379$221$124$69$17
44 years$606$362$207$115$62$15
45 years$586$345$194$106$57$13
46 years$567$329$183$98$51$11
47 years$548$314$172$91$47$10
48 years$531$300$161$84$42$9
49 years$514$286$152$77$38$8
50 years$498$273$143$71$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $510,000, adding $5,048 every year, while hoping to spend $27,661 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: 31/47/22 Blend
69$510,000$510,000$510,000$510,000
70$567,227$540,197$532,292$580,814
71$595,653$537,236$520,693$588,575
72$626,052$533,202$507,778$594,093
73$658,594$528,014$493,474$599,459
74$693,470$521,586$477,704$604,680
75$730,886$513,826$460,389$609,762
76$771,068$504,635$441,444$614,715
77$814,267$493,912$420,782$619,555
78$860,755$481,546$398,311$624,300
79$910,833$467,423$373,936$628,973
80$964,831$451,420$347,555$633,606
81$1,023,111$433,407$319,066$638,233
82$1,086,071$413,247$288,358$642,898
83$1,154,149$390,795$255,317$647,654
84$1,227,826$365,898$219,824$652,562
85$1,307,631$338,393$181,754$657,694
86$1,394,145$308,110$140,979$663,136
87$1,488,007$274,867$97,361$668,985
88$1,589,920$238,472$50,759$675,356
89$1,700,658$198,722$1,025$682,378
90$1,821,070$155,405$0$690,202
91$1,952,094$108,295$0$711,218
92$2,094,758$57,151$0$734,455
93$2,250,196$1,724$0$759,934
94$2,419,654$0$0$787,950
95$2,604,505$0$0$848,962
96$2,806,259$0$0$916,600
97$3,026,579$0$0$990,541
98$3,267,295$0$0$1,071,407
99$3,530,423$0$0$1,159,886
100$3,818,180$0$0$1,256,736