Can I retire at age 70 with 556,000?

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 $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%14.7%
1 years$45,914$45,505$45,106$44,717$44,336$43,477
2 years$22,730$22,306$21,896$21,498$21,112$20,250
3 years$15,003$14,577$14,168$13,774$13,395$12,556
4 years$11,140$10,716$10,311$9,924$9,553$8,745
5 years$8,823$8,401$8,002$7,622$7,262$6,487
6 years$7,279$6,860$6,467$6,096$5,746$5,004
7 years$6,176$5,761$5,374$5,011$4,673$3,965
8 years$5,349$4,939$4,557$4,204$3,877$3,202
9 years$4,707$4,300$3,925$3,581$3,265$2,623
10 years$4,193$3,790$3,422$3,087$2,782$2,173
11 years$3,773$3,374$3,013$2,686$2,393$1,815
12 years$3,423$3,028$2,674$2,356$2,073$1,527
13 years$3,128$2,737$2,389$2,080$1,808$1,292
14 years$2,874$2,488$2,146$1,847$1,585$1,098
15 years$2,655$2,273$1,938$1,647$1,395$937
16 years$2,463$2,085$1,757$1,475$1,233$801
17 years$2,294$1,920$1,599$1,325$1,094$688
18 years$2,144$1,774$1,459$1,194$972$591
19 years$2,010$1,644$1,336$1,079$867$510
20 years$1,890$1,528$1,226$977$774$440
21 years$1,781$1,423$1,128$887$693$380
22 years$1,682$1,329$1,039$806$621$329
23 years$1,592$1,243$960$734$557$285
24 years$1,509$1,164$888$670$501$247
25 years$1,433$1,093$822$612$451$214
26 years$1,364$1,027$762$559$406$186
27 years$1,299$966$708$512$366$162
28 years$1,239$911$658$469$330$140
29 years$1,184$859$613$430$298$122
30 years$1,132$811$571$395$270$106
31 years$1,083$767$532$363$244$92
32 years$1,038$726$496$333$220$80
33 years$996$687$463$306$199$70
34 years$956$651$433$282$181$61
35 years$918$618$405$260$164$53
36 years$883$586$379$239$148$46
37 years$850$557$354$220$134$40
38 years$818$529$332$203$122$35
39 years$788$503$311$187$110$31
40 years$760$479$291$173$100$27
41 years$733$456$273$159$91$23
42 years$708$434$256$147$82$20
43 years$684$414$241$136$75$18
44 years$661$394$226$125$68$15
45 years$639$376$212$116$62$13
46 years$618$359$199$107$56$12
47 years$598$342$187$99$51$10
48 years$579$327$176$91$46$9
49 years$560$312$165$84$42$8
50 years$543$298$155$78$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $556,000, adding $3,056 every year, while hoping to spend $45,171 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: 57/31/12 Blend
69$556,000$556,000$556,000$556,000
70$615,864$586,396$577,778$648,951
71$630,621$567,068$549,072$652,337
72$645,369$545,279$517,891$650,765
73$660,059$520,860$484,103$647,982
74$674,637$493,635$447,572$643,880
75$689,041$463,413$408,156$638,339
76$703,199$429,997$365,706$631,234
77$717,034$393,175$320,066$622,427
78$730,457$352,726$271,073$611,770
79$743,367$308,414$218,558$599,102
80$755,655$259,990$162,344$584,251
81$767,194$207,192$102,245$567,032
82$777,846$149,742$38,068$547,241
83$787,454$87,348$0$524,661
84$795,847$19,700$0$502,953
85$802,829$0$0$483,420
86$808,187$0$0$479,196
87$811,681$0$0$480,494
88$813,044$0$0$480,425
89$811,981$0$0$478,804
90$808,164$0$0$475,422
91$801,228$0$0$470,051
92$790,771$0$0$462,435
93$776,342$0$0$452,292
94$757,447$0$0$439,310
95$733,534$0$0$423,141
96$703,996$0$0$403,401
97$668,158$0$0$379,667
98$625,273$0$0$351,469
99$574,516$0$0$318,286
100$514,974$0$0$279,544