Can I retire at age 70 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$43,932$43,541$43,159$42,786$42,422$41,130
2 years$21,749$21,343$20,951$20,570$20,201$18,911
3 years$14,355$13,948$13,557$13,180$12,816$11,568
4 years$10,659$10,253$9,866$9,495$9,141$7,944
5 years$8,442$8,039$7,656$7,293$6,949$5,806
6 years$6,964$6,564$6,187$5,832$5,498$4,411
7 years$5,909$5,513$5,142$4,795$4,472$3,440
8 years$5,119$4,725$4,361$4,023$3,710$2,733
9 years$4,504$4,114$3,756$3,426$3,124$2,202
10 years$4,012$3,627$3,274$2,954$2,662$1,792
11 years$3,610$3,229$2,883$2,570$2,289$1,471
12 years$3,276$2,898$2,558$2,255$1,984$1,215
13 years$2,993$2,619$2,286$1,990$1,730$1,008
14 years$2,750$2,380$2,054$1,767$1,516$841
15 years$2,540$2,174$1,854$1,576$1,335$703
16 years$2,357$1,995$1,681$1,411$1,180$590
17 years$2,195$1,837$1,530$1,268$1,046$496
18 years$2,052$1,698$1,396$1,142$930$418
19 years$1,923$1,574$1,278$1,032$829$353
20 years$1,808$1,462$1,173$935$741$298
21 years$1,704$1,362$1,079$849$663$252
22 years$1,609$1,271$995$772$594$213
23 years$1,523$1,189$918$703$533$181
24 years$1,444$1,114$849$641$479$153
25 years$1,372$1,045$787$585$431$130
26 years$1,305$983$730$535$389$110
27 years$1,243$925$677$490$350$94
28 years$1,186$871$630$449$316$80
29 years$1,132$822$586$412$285$68
30 years$1,083$776$546$378$258$57
31 years$1,037$734$509$347$233$49
32 years$993$694$475$319$211$42
33 years$953$658$443$293$191$35
34 years$915$623$414$270$173$30
35 years$879$591$387$248$157$26
36 years$845$561$362$229$142$22
37 years$813$533$339$211$129$18
38 years$783$506$318$194$117$16
39 years$754$482$298$179$106$13
40 years$727$458$279$165$96$11
41 years$702$436$261$152$87$10
42 years$677$415$245$141$79$8
43 years$654$396$230$130$72$7
44 years$632$377$216$120$65$6
45 years$611$360$203$111$59$5
46 years$591$343$191$102$54$4
47 years$572$328$179$94$49$4
48 years$554$313$168$87$44$3
49 years$536$299$158$81$40$3
50 years$519$285$149$75$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $532,000, adding $4,796 every year, while hoping to spend $38,708 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: 36/44/20 Blend
69$532,000$532,000$532,000$532,000
70$591,211$563,015$554,769$608,760
71$610,330$549,418$532,169$608,395
72$630,101$533,857$507,514$604,044
73$650,551$516,195$480,695$598,549
74$671,706$496,288$451,598$591,828
75$693,595$473,981$420,102$583,799
76$716,249$449,113$386,082$574,371
77$739,698$421,511$349,407$563,452
78$763,976$390,994$309,941$550,942
79$789,118$357,370$267,541$536,737
80$815,163$320,436$222,058$520,729
81$842,149$279,977$173,337$502,801
82$870,118$235,766$121,214$482,833
83$899,116$187,564$65,520$460,695
84$929,189$135,118$6,078$436,255
85$960,388$78,161$0$409,369
86$992,767$16,410$0$392,130
87$1,026,383$0$0$374,322
88$1,061,296$0$0$378,942
89$1,097,573$0$0$392,008
90$1,135,282$0$0$405,600
91$1,174,499$0$0$419,747
92$1,215,305$0$0$434,480
93$1,257,783$0$0$449,831
94$1,302,029$0$0$465,836
95$1,348,139$0$0$482,532
96$1,396,222$0$0$499,960
97$1,446,392$0$0$518,164
98$1,498,775$0$0$537,192
99$1,553,502$0$0$557,095
100$1,610,721$0$0$577,930