Can I retire at age 70 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$43,767$43,377$42,997$42,625$42,263$41,839
2 years$21,667$21,263$20,872$20,493$20,125$19,698
3 years$14,301$13,896$13,506$13,130$12,768$12,351
4 years$10,619$10,215$9,829$9,459$9,106$8,703
5 years$8,410$8,009$7,627$7,266$6,923$6,534
6 years$6,938$6,540$6,164$5,811$5,478$5,104
7 years$5,887$5,492$5,122$4,777$4,455$4,096
8 years$5,099$4,708$4,344$4,007$3,696$3,352
9 years$4,487$4,099$3,742$3,413$3,112$2,784
10 years$3,997$3,613$3,262$2,942$2,652$2,338
11 years$3,597$3,216$2,872$2,561$2,281$1,982
12 years$3,263$2,887$2,549$2,246$1,976$1,692
13 years$2,981$2,609$2,277$1,983$1,723$1,453
14 years$2,740$2,371$2,046$1,760$1,511$1,254
15 years$2,531$2,166$1,847$1,570$1,330$1,087
16 years$2,348$1,988$1,675$1,406$1,176$945
17 years$2,187$1,830$1,524$1,263$1,042$824
18 years$2,044$1,691$1,391$1,138$927$721
19 years$1,916$1,568$1,274$1,028$826$631
20 years$1,801$1,457$1,169$931$738$554
21 years$1,697$1,357$1,075$845$660$487
22 years$1,603$1,267$991$769$592$429
23 years$1,517$1,185$915$700$531$378
24 years$1,439$1,110$846$638$478$334
25 years$1,366$1,042$784$583$430$295
26 years$1,300$979$727$533$387$261
27 years$1,238$921$675$488$349$231
28 years$1,181$868$627$447$315$204
29 years$1,128$819$584$410$284$181
30 years$1,079$773$544$376$257$160
31 years$1,033$731$507$346$232$142
32 years$990$692$473$318$210$126
33 years$949$655$442$292$190$112
34 years$911$621$413$269$172$99
35 years$875$589$386$247$156$88
36 years$842$559$361$228$141$78
37 years$810$531$338$210$128$70
38 years$780$505$316$193$116$62
39 years$752$480$296$178$105$55
40 years$725$456$278$165$95$49
41 years$699$435$261$152$87$43
42 years$675$414$244$140$79$39
43 years$652$394$229$129$71$34
44 years$630$376$215$119$65$30
45 years$609$358$202$110$59$27
46 years$589$342$190$102$53$24
47 years$570$326$178$94$48$21
48 years$552$311$168$87$44$19
49 years$534$297$158$80$40$17
50 years$517$284$148$74$36$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $530,000, adding $6,551 every year, while hoping to spend $30,435 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: 38/33/29 Blend
69$530,000$530,000$530,000$530,000
70$590,817$562,727$554,512$607,969
71$618,698$557,918$540,706$616,372
72$648,403$551,854$525,417$622,195
73$680,085$544,440$508,564$627,913
74$713,913$535,577$490,060$633,535
75$750,073$525,161$469,818$639,077
76$788,766$513,079$447,742$644,556
77$830,214$499,214$423,736$649,995
78$874,662$483,442$397,697$655,423
79$922,376$465,629$369,518$660,874
80$973,649$445,635$339,088$666,388
81$1,028,804$423,314$306,290$672,015
82$1,088,193$398,508$271,002$677,811
83$1,152,206$371,052$233,097$683,845
84$1,221,268$340,770$192,443$690,193
85$1,295,847$307,478$148,900$696,948
86$1,376,459$270,980$102,324$704,213
87$1,463,670$231,069$52,563$712,108
88$1,558,100$187,528$0$720,771
89$1,660,433$140,124$0$730,527
90$1,771,423$88,615$0$758,755
91$1,891,894$32,743$0$789,430
92$2,022,756$0$0$822,839
93$2,165,011$0$0$869,381
94$2,319,756$0$0$933,010
95$2,488,205$0$0$1,002,339
96$2,671,687$0$0$1,077,926
97$2,871,671$0$0$1,160,384
98$3,089,767$0$0$1,250,386
99$3,327,753$0$0$1,348,675
100$3,587,583$0$0$1,456,069