Can I retire at age 70 with 556,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$45,914$45,505$45,106$44,717$44,336$44,149
2 years$22,730$22,306$21,896$21,498$21,112$20,924
3 years$15,003$14,577$14,168$13,774$13,395$13,210
4 years$11,140$10,716$10,311$9,924$9,553$9,374
5 years$8,823$8,401$8,002$7,622$7,262$7,089
6 years$7,279$6,860$6,467$6,096$5,746$5,579
7 years$6,176$5,761$5,374$5,011$4,673$4,513
8 years$5,349$4,939$4,557$4,204$3,877$3,723
9 years$4,707$4,300$3,925$3,581$3,265$3,117
10 years$4,193$3,790$3,422$3,087$2,782$2,640
11 years$3,773$3,374$3,013$2,686$2,393$2,257
12 years$3,423$3,028$2,674$2,356$2,073$1,944
13 years$3,128$2,737$2,389$2,080$1,808$1,684
14 years$2,874$2,488$2,146$1,847$1,585$1,467
15 years$2,655$2,273$1,938$1,647$1,395$1,283
16 years$2,463$2,085$1,757$1,475$1,233$1,127
17 years$2,294$1,920$1,599$1,325$1,094$992
18 years$2,144$1,774$1,459$1,194$972$876
19 years$2,010$1,644$1,336$1,079$867$775
20 years$1,890$1,528$1,226$977$774$688
21 years$1,781$1,423$1,128$887$693$611
22 years$1,682$1,329$1,039$806$621$544
23 years$1,592$1,243$960$734$557$484
24 years$1,509$1,164$888$670$501$432
25 years$1,433$1,093$822$612$451$386
26 years$1,364$1,027$762$559$406$345
27 years$1,299$966$708$512$366$309
28 years$1,239$911$658$469$330$276
29 years$1,184$859$613$430$298$247
30 years$1,132$811$571$395$270$222
31 years$1,083$767$532$363$244$199
32 years$1,038$726$496$333$220$179
33 years$996$687$463$306$199$160
34 years$956$651$433$282$181$144
35 years$918$618$405$260$164$129
36 years$883$586$379$239$148$116
37 years$850$557$354$220$134$104
38 years$818$529$332$203$122$94
39 years$788$503$311$187$110$84
40 years$760$479$291$173$100$76
41 years$733$456$273$159$91$68
42 years$708$434$256$147$82$61
43 years$684$414$241$136$75$55
44 years$661$394$226$125$68$50
45 years$639$376$212$116$62$45
46 years$618$359$199$107$56$40
47 years$598$342$187$99$51$36
48 years$579$327$176$91$46$33
49 years$560$312$165$84$42$29
50 years$543$298$155$78$38$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $556,000, adding $3,101 every year, while hoping to spend $39,160 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: 55/18/27 Blend
69$556,000$556,000$556,000$556,000
70$615,911$586,443$577,825$645,038
71$637,068$573,512$555,516$652,513
72$659,070$558,636$531,147$656,337
73$681,963$541,677$504,608$659,705
74$705,795$522,491$475,784$662,586
75$730,616$500,923$444,554$664,950
76$756,484$476,814$410,791$666,765
77$783,458$449,990$374,365$667,998
78$811,602$420,271$335,138$668,615
79$840,987$387,465$292,966$668,583
80$871,686$351,369$247,699$667,868
81$903,781$311,770$199,180$666,433
82$937,361$268,441$147,247$664,245
83$972,520$221,142$91,727$661,268
84$1,009,360$169,622$32,444$657,467
85$1,047,994$113,613$0$652,808
86$1,088,543$52,833$0$656,136
87$1,131,138$0$0$669,090
88$1,175,922$0$0$684,920
89$1,223,049$0$0$712,608
90$1,272,691$0$0$741,792
91$1,325,029$0$0$772,583
92$1,380,266$0$0$805,100
93$1,438,620$0$0$839,477
94$1,500,329$0$0$875,856
95$1,565,653$0$0$914,394
96$1,634,879$0$0$955,263
97$1,708,315$0$0$998,650
98$1,786,302$0$0$1,044,760
99$1,869,212$0$0$1,093,817
100$1,957,450$0$0$1,146,067