Can I retire at age 70 with 523,000?

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 $523,000?

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$43,189$42,804$42,429$42,062$41,705$41,355
2 years$21,381$20,982$20,597$20,222$19,859$19,507
3 years$14,112$13,712$13,327$12,957$12,600$12,256
4 years$10,479$10,080$9,699$9,335$8,986$8,653
5 years$8,299$7,903$7,527$7,170$6,831$6,510
6 years$6,847$6,453$6,083$5,734$5,405$5,096
7 years$5,809$5,419$5,055$4,714$4,396$4,099
8 years$5,032$4,645$4,287$3,954$3,647$3,362
9 years$4,428$4,045$3,692$3,368$3,071$2,799
10 years$3,944$3,565$3,219$2,904$2,617$2,357
11 years$3,549$3,174$2,834$2,527$2,251$2,002
12 years$3,220$2,849$2,515$2,216$1,950$1,714
13 years$2,942$2,574$2,247$1,957$1,701$1,475
14 years$2,704$2,340$2,019$1,737$1,491$1,277
15 years$2,497$2,138$1,823$1,549$1,313$1,109
16 years$2,317$1,961$1,653$1,387$1,160$967
17 years$2,158$1,806$1,504$1,246$1,029$846
18 years$2,017$1,669$1,373$1,123$915$742
19 years$1,891$1,547$1,257$1,015$815$652
20 years$1,778$1,437$1,153$919$728$574
21 years$1,675$1,339$1,061$834$652$506
22 years$1,582$1,250$978$758$584$447
23 years$1,497$1,169$903$691$524$395
24 years$1,420$1,095$835$630$471$350
25 years$1,348$1,028$773$575$424$310
26 years$1,283$966$717$526$382$275
27 years$1,222$909$666$482$344$244
28 years$1,166$857$619$441$311$217
29 years$1,113$808$576$405$281$193
30 years$1,065$763$537$371$254$171
31 years$1,019$721$500$341$229$152
32 years$977$683$467$313$207$136
33 years$937$646$436$288$188$121
34 years$899$613$407$265$170$108
35 years$864$581$381$244$154$96
36 years$831$552$356$225$139$85
37 years$799$524$333$207$126$76
38 years$770$498$312$191$115$68
39 years$742$473$292$176$104$60
40 years$715$450$274$162$94$54
41 years$690$429$257$150$85$48
42 years$666$408$241$138$78$43
43 years$643$389$226$128$70$38
44 years$621$371$212$118$64$34
45 years$601$354$199$109$58$30
46 years$581$337$187$101$53$27
47 years$562$322$176$93$48$24
48 years$544$307$165$86$43$22
49 years$527$294$155$79$39$19
50 years$511$280$146$73$36$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $523,000, adding $4,465 every year, while hoping to spend $33,757 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: 71/15/14 Blend
69$523,000$523,000$523,000$523,000
70$580,952$553,233$545,126$620,085
71$604,292$544,424$527,471$637,828
72$628,881$534,052$508,092$652,727
73$654,811$522,005$486,898$668,152
74$682,182$508,164$463,790$684,148
75$711,104$492,403$438,665$700,766
76$741,694$474,589$411,419$718,064
77$774,084$454,580$381,938$736,104
78$808,415$432,229$350,107$754,957
79$844,841$407,376$315,804$774,703
80$883,534$379,856$278,902$795,429
81$924,677$349,492$239,268$817,234
82$968,474$316,097$196,763$840,228
83$1,015,147$279,474$151,243$864,531
84$1,064,939$239,416$102,557$890,280
85$1,118,116$195,701$50,547$917,627
86$1,174,971$148,097$0$946,738
87$1,235,824$96,360$0$978,543
88$1,301,026$40,229$0$1,020,613
89$1,370,961$0$0$1,065,650
90$1,446,052$0$0$1,117,332
91$1,526,763$0$0$1,180,039
92$1,613,603$0$0$1,247,526
93$1,707,130$0$0$1,320,232
94$1,807,959$0$0$1,398,635
95$1,916,764$0$0$1,483,264
96$2,034,285$0$0$1,574,696
97$2,161,336$0$0$1,673,569
98$2,298,813$0$0$1,780,582
99$2,447,698$0$0$1,896,505
100$2,609,074$0$0$2,022,181