Can I retire at age 70 with 513,000?

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 $513,000?

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 years$42,363$41,986$41,618$41,258$40,907$40,565
2 years$20,972$20,581$20,203$19,836$19,480$19,134
3 years$13,842$13,450$13,072$12,709$12,359$12,021
4 years$10,278$9,887$9,513$9,156$8,814$8,488
5 years$8,140$7,752$7,383$7,033$6,701$6,385
6 years$6,716$6,330$5,966$5,624$5,302$4,999
7 years$5,698$5,316$4,958$4,624$4,312$4,021
8 years$4,936$4,557$4,205$3,879$3,577$3,298
9 years$4,343$3,967$3,622$3,304$3,012$2,745
10 years$3,869$3,497$3,157$2,848$2,567$2,312
11 years$3,481$3,113$2,780$2,479$2,207$1,964
12 years$3,159$2,794$2,467$2,174$1,913$1,681
13 years$2,886$2,525$2,204$1,919$1,668$1,447
14 years$2,652$2,295$1,980$1,704$1,462$1,252
15 years$2,450$2,097$1,788$1,520$1,288$1,088
16 years$2,273$1,924$1,621$1,361$1,138$949
17 years$2,117$1,772$1,475$1,222$1,009$830
18 years$1,978$1,637$1,347$1,102$897$728
19 years$1,855$1,517$1,233$995$800$639
20 years$1,744$1,410$1,131$902$714$563
21 years$1,643$1,313$1,041$818$639$497
22 years$1,552$1,226$959$744$573$439
23 years$1,469$1,147$886$678$514$388
24 years$1,393$1,074$819$618$462$343
25 years$1,323$1,008$759$564$416$304
26 years$1,258$948$704$516$375$270
27 years$1,199$892$653$472$338$239
28 years$1,143$840$607$433$305$213
29 years$1,092$793$565$397$275$189
30 years$1,044$749$526$364$249$168
31 years$1,000$708$491$334$225$150
32 years$958$670$458$307$203$133
33 years$919$634$428$283$184$118
34 years$882$601$399$260$167$105
35 years$847$570$373$239$151$94
36 years$815$541$349$221$137$84
37 years$784$514$327$203$124$75
38 years$755$488$306$187$112$67
39 years$727$464$287$173$102$59
40 years$701$442$269$159$92$53
41 years$677$421$252$147$84$47
42 years$653$401$237$136$76$42
43 years$631$382$222$125$69$38
44 years$610$364$208$116$63$33
45 years$589$347$196$107$57$30
46 years$570$331$184$99$52$27
47 years$551$316$173$91$47$24
48 years$534$301$162$84$43$21
49 years$517$288$152$78$39$19
50 years$501$275$143$72$35$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $513,000, adding $3,201 every year, while hoping to spend $53,229 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: 82/8/10 Blend
69$513,000$513,000$513,000$513,000
70$568,628$541,439$533,487$614,108
71$569,993$511,334$494,724$614,258
72$569,713$477,970$452,878$607,042
73$567,564$441,131$407,790$597,516
74$563,298$400,589$359,293$585,419
75$556,638$356,102$307,214$570,464
76$547,280$307,416$251,370$552,334
77$534,884$254,261$191,573$530,681
78$519,075$196,352$127,623$505,122
79$499,437$133,390$59,314$475,234
80$475,509$65,055$0$440,553
81$446,782$0$0$402,016
82$412,693$0$0$365,250
83$372,617$0$0$328,793
84$325,864$0$0$286,297
85$271,673$0$0$237,070
86$209,201$0$0$180,352
87$137,516$0$0$115,301
88$55,588$0$0$40,985
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0