Can I retire at age 70 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$44,510$44,114$43,727$43,349$42,981$41,324
2 years$22,035$21,624$21,227$20,841$20,467$18,818
3 years$14,544$14,132$13,735$13,353$12,985$11,395
4 years$10,799$10,388$9,996$9,620$9,261$7,743
5 years$8,553$8,145$7,757$7,389$7,040$5,597
6 years$7,056$6,651$6,269$5,909$5,571$4,204
7 years$5,987$5,585$5,209$4,858$4,530$3,239
8 years$5,186$4,788$4,418$4,075$3,758$2,542
9 years$4,563$4,168$3,805$3,471$3,165$2,021
10 years$4,065$3,674$3,317$2,992$2,697$1,624
11 years$3,658$3,271$2,921$2,604$2,319$1,314
12 years$3,319$2,936$2,592$2,284$2,010$1,071
13 years$3,032$2,653$2,316$2,017$1,753$876
14 years$2,786$2,412$2,081$1,790$1,536$720
15 years$2,574$2,203$1,879$1,597$1,353$593
16 years$2,388$2,021$1,703$1,430$1,196$490
17 years$2,224$1,862$1,550$1,284$1,060$406
18 years$2,079$1,720$1,415$1,158$943$336
19 years$1,949$1,594$1,295$1,046$840$279
20 years$1,832$1,481$1,189$947$750$232
21 years$1,726$1,380$1,093$860$672$193
22 years$1,630$1,288$1,008$782$602$161
23 years$1,543$1,205$930$712$540$134
24 years$1,463$1,129$861$649$486$112
25 years$1,390$1,059$797$593$437$93
26 years$1,322$996$739$542$394$78
27 years$1,259$937$686$496$355$65
28 years$1,201$883$638$455$320$54
29 years$1,147$833$594$417$289$45
30 years$1,097$787$553$383$261$38
31 years$1,050$744$516$351$236$32
32 years$1,006$704$481$323$214$26
33 years$965$666$449$297$193$22
34 years$927$631$420$273$175$18
35 years$890$599$392$252$159$15
36 years$856$568$367$232$144$13
37 years$824$540$344$213$130$11
38 years$793$513$322$197$118$9
39 years$764$488$301$181$107$8
40 years$737$464$283$167$97$6
41 years$711$442$265$154$88$5
42 years$686$421$249$142$80$4
43 years$663$401$233$132$73$4
44 years$640$382$219$121$66$3
45 years$619$364$206$112$60$3
46 years$599$348$193$104$54$2
47 years$579$332$181$96$49$2
48 years$561$317$170$88$45$2
49 years$543$302$160$82$41$1
50 years$526$289$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $539,000, adding $6,302 every year, while hoping to spend $42,676 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: 71/24/5 Blend
69$539,000$539,000$539,000$539,000
70$600,479$571,912$563,557$642,375
71$616,320$554,528$537,029$653,479
72$632,348$534,863$508,182$659,700
73$648,535$512,759$476,894$665,310
74$664,851$488,049$443,035$670,236
75$681,261$460,559$406,473$674,401
76$697,726$430,103$367,066$677,718
77$714,201$396,485$324,669$680,097
78$730,633$359,496$279,129$681,436
79$746,963$318,917$230,286$681,626
80$763,127$274,518$177,974$680,549
81$779,048$226,051$122,018$678,075
82$794,643$173,260$62,238$674,064
83$809,817$115,869$0$668,364
84$824,463$53,592$0$660,891
85$838,462$0$0$654,932
86$851,682$0$0$650,641
87$863,972$0$0$659,762
88$875,167$0$0$668,009
89$885,080$0$0$675,238
90$893,504$0$0$681,286
91$900,210$0$0$685,972
92$904,940$0$0$689,094
93$907,409$0$0$690,428
94$907,300$0$0$689,727
95$904,261$0$0$686,714
96$897,901$0$0$681,083
97$887,786$0$0$672,494
98$873,437$0$0$660,569
99$854,319$0$0$644,892
100$829,842$0$0$625,000