Can I retire at age 70 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$46,079$45,669$45,268$44,877$44,496$43,795
2 years$22,811$22,387$21,975$21,576$21,188$20,484
3 years$15,057$14,630$14,219$13,824$13,443$12,757
4 years$11,180$10,755$10,348$9,959$9,588$8,925
5 years$8,854$8,432$8,030$7,650$7,288$6,652
6 years$7,305$6,885$6,490$6,117$5,767$5,157
7 years$6,198$5,782$5,393$5,030$4,690$4,107
8 years$5,369$4,956$4,574$4,219$3,891$3,334
9 years$4,724$4,315$3,939$3,594$3,277$2,746
10 years$4,208$3,804$3,434$3,098$2,792$2,287
11 years$3,787$3,386$3,024$2,696$2,401$1,921
12 years$3,436$3,039$2,683$2,365$2,081$1,626
13 years$3,139$2,747$2,397$2,088$1,814$1,383
14 years$2,885$2,497$2,154$1,853$1,591$1,183
15 years$2,665$2,281$1,945$1,653$1,400$1,015
16 years$2,472$2,093$1,763$1,480$1,238$874
17 years$2,303$1,927$1,605$1,330$1,097$755
18 years$2,152$1,781$1,465$1,198$976$654
19 years$2,017$1,650$1,341$1,083$870$567
20 years$1,896$1,534$1,231$981$777$493
21 years$1,787$1,429$1,132$890$695$429
22 years$1,688$1,333$1,043$809$623$373
23 years$1,597$1,247$963$737$559$326
24 years$1,515$1,169$891$672$503$284
25 years$1,439$1,097$825$614$452$248
26 years$1,369$1,031$765$561$408$217
27 years$1,304$970$711$514$367$190
28 years$1,244$914$661$471$332$166
29 years$1,188$862$615$432$299$146
30 years$1,136$814$573$396$271$128
31 years$1,087$770$534$364$245$112
32 years$1,042$728$498$334$221$98
33 years$999$690$465$307$200$86
34 years$959$654$435$283$181$75
35 years$922$620$406$260$164$66
36 years$886$589$380$240$149$58
37 years$853$559$356$221$135$51
38 years$821$531$333$204$122$45
39 years$791$505$312$188$111$39
40 years$763$481$293$173$101$35
41 years$736$457$274$160$91$30
42 years$710$436$257$148$83$27
43 years$686$415$241$136$75$23
44 years$663$396$227$126$68$21
45 years$641$377$213$116$62$18
46 years$620$360$200$107$56$16
47 years$600$344$188$99$51$14
48 years$581$328$176$92$46$12
49 years$562$313$166$85$42$11
50 years$545$299$156$78$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $558,000, adding $3,915 every year, while hoping to spend $33,031 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: 71/9/20 Blend
69$558,000$558,000$558,000$558,000
70$618,954$589,380$580,731$659,625
71$646,943$583,115$565,041$680,963
72$676,679$575,436$547,718$700,016
73$708,307$566,239$528,673$720,052
74$741,983$555,413$507,812$741,165
75$777,878$542,841$485,037$763,458
76$816,182$528,401$460,246$787,044
77$857,100$511,960$433,331$812,052
78$900,858$493,380$404,182$838,621
79$947,704$472,514$372,680$866,908
80$997,909$449,206$338,705$897,085
81$1,051,772$423,293$302,127$929,343
82$1,109,619$394,601$262,815$963,895
83$1,171,809$362,946$220,629$1,000,976
84$1,238,737$328,134$175,423$1,040,845
85$1,310,834$289,958$127,046$1,083,790
86$1,388,577$248,204$75,339$1,130,130
87$1,472,486$202,640$20,138$1,180,218
88$1,563,136$153,026$0$1,234,444
89$1,661,156$99,104$0$1,301,513
90$1,767,240$40,606$0$1,378,754
91$1,882,149$0$0$1,462,433
92$2,006,719$0$0$1,555,431
93$2,141,873$0$0$1,660,715
94$2,288,622$0$0$1,775,058
95$2,448,080$0$0$1,899,330
96$2,621,473$0$0$2,034,489
97$2,810,147$0$0$2,181,589
98$3,015,587$0$0$2,341,789
99$3,239,425$0$0$2,516,368
100$3,483,455$0$0$2,706,728