Can I retire at age 70 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$45,749$45,341$44,944$44,556$44,177$43,715
2 years$22,648$22,226$21,817$21,421$21,037$20,572
3 years$14,949$14,525$14,117$13,725$13,346$12,893
4 years$11,100$10,677$10,274$9,888$9,519$9,080
5 years$8,791$8,371$7,973$7,595$7,236$6,813
6 years$7,252$6,836$6,443$6,074$5,726$5,319
7 years$6,154$5,741$5,354$4,993$4,656$4,267
8 years$5,330$4,921$4,541$4,189$3,863$3,490
9 years$4,690$4,284$3,911$3,568$3,253$2,897
10 years$4,178$3,777$3,410$3,076$2,772$2,432
11 years$3,760$3,362$3,002$2,677$2,384$2,060
12 years$3,411$3,018$2,664$2,348$2,066$1,757
13 years$3,116$2,727$2,380$2,073$1,801$1,508
14 years$2,864$2,479$2,139$1,840$1,579$1,301
15 years$2,645$2,264$1,931$1,641$1,390$1,126
16 years$2,454$2,078$1,751$1,469$1,229$979
17 years$2,286$1,913$1,593$1,320$1,090$853
18 years$2,137$1,768$1,454$1,190$969$745
19 years$2,003$1,639$1,331$1,075$864$653
20 years$1,883$1,523$1,222$974$771$572
21 years$1,774$1,418$1,124$884$690$503
22 years$1,676$1,324$1,036$803$619$443
23 years$1,586$1,238$956$732$555$390
24 years$1,504$1,160$884$667$499$344
25 years$1,428$1,089$819$609$449$304
26 years$1,359$1,023$760$557$405$268
27 years$1,294$963$705$510$365$237
28 years$1,235$907$656$467$329$210
29 years$1,179$856$610$429$297$186
30 years$1,128$808$568$393$269$164
31 years$1,080$764$530$361$243$146
32 years$1,034$723$494$332$220$129
33 years$992$685$462$305$199$114
34 years$952$649$431$281$180$101
35 years$915$616$403$259$163$90
36 years$880$584$377$238$148$80
37 years$847$555$353$219$134$71
38 years$815$527$331$202$121$63
39 years$786$502$310$186$110$56
40 years$757$477$290$172$100$50
41 years$731$454$272$159$91$44
42 years$705$433$255$146$82$39
43 years$681$412$240$135$75$35
44 years$658$393$225$125$68$31
45 years$636$375$211$115$61$27
46 years$615$357$198$106$56$24
47 years$596$341$186$98$51$22
48 years$577$326$175$91$46$19
49 years$558$311$165$84$42$17
50 years$541$297$155$78$38$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $554,000, adding $6,437 every year, while hoping to spend $48,932 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: 73/5/22 Blend
69$554,000$554,000$554,000$554,000
70$617,148$587,786$579,199$658,433
71$628,034$564,524$546,539$663,492
72$638,390$538,482$511,144$662,547
73$648,111$509,473$472,873$660,287
74$657,078$477,297$431,574$656,570
75$665,160$441,745$387,092$651,245
76$672,210$402,594$339,263$644,145
77$678,064$359,610$287,917$635,086
78$682,540$312,544$232,876$623,870
79$685,434$261,134$173,953$610,276
80$686,522$205,104$110,954$594,066
81$685,553$144,159$43,676$574,975
82$682,249$77,992$0$552,718
83$676,301$6,277$0$533,578
84$667,367$0$0$521,979
85$655,067$0$0$511,260
86$638,981$0$0$497,824
87$618,643$0$0$480,952
88$593,536$0$0$460,228
89$563,090$0$0$435,192
90$526,673$0$0$405,335
91$483,584$0$0$370,094
92$433,051$0$0$328,846
93$374,218$0$0$280,902
94$306,140$0$0$225,502
95$227,771$0$0$161,802
96$137,955$0$0$88,874
97$35,418$0$0$5,691
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0