Can I retire at age 70 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$46,244$45,832$45,430$45,038$44,655$44,042
2 years$22,893$22,467$22,054$21,653$21,264$20,648
3 years$15,111$14,682$14,270$13,873$13,491$12,890
4 years$11,220$10,793$10,385$9,995$9,622$9,042
5 years$8,886$8,462$8,059$7,677$7,314$6,756
6 years$7,331$6,910$6,513$6,139$5,788$5,252
7 years$6,220$5,803$5,412$5,048$4,707$4,194
8 years$5,388$4,974$4,590$4,234$3,905$3,415
9 years$4,741$4,331$3,953$3,607$3,288$2,821
10 years$4,223$3,817$3,447$3,109$2,802$2,356
11 years$3,800$3,398$3,034$2,706$2,410$1,986
12 years$3,448$3,050$2,693$2,373$2,088$1,686
13 years$3,150$2,757$2,406$2,095$1,821$1,439
14 years$2,895$2,506$2,162$1,860$1,596$1,235
15 years$2,674$2,289$1,952$1,659$1,405$1,063
16 years$2,481$2,100$1,770$1,485$1,242$919
17 years$2,311$1,934$1,610$1,334$1,101$796
18 years$2,160$1,787$1,470$1,203$979$692
19 years$2,025$1,656$1,346$1,087$873$602
20 years$1,903$1,539$1,235$984$780$525
21 years$1,794$1,434$1,136$893$698$459
22 years$1,694$1,338$1,047$812$625$401
23 years$1,603$1,252$967$740$561$351
24 years$1,520$1,173$894$675$505$308
25 years$1,444$1,101$828$616$454$270
26 years$1,373$1,034$768$563$409$237
27 years$1,308$973$713$516$369$208
28 years$1,248$917$663$472$333$183
29 years$1,192$865$617$433$300$161
30 years$1,140$817$575$398$271$142
31 years$1,091$773$536$365$245$125
32 years$1,046$731$500$336$222$110
33 years$1,003$692$467$309$201$97
34 years$963$656$436$284$182$85
35 years$925$622$408$261$165$75
36 years$889$591$381$241$149$66
37 years$856$561$357$222$135$58
38 years$824$533$334$204$123$51
39 years$794$507$313$188$111$45
40 years$766$482$294$174$101$40
41 years$739$459$275$160$92$35
42 years$713$437$258$148$83$31
43 years$689$417$242$137$75$27
44 years$665$397$227$126$68$24
45 years$643$379$214$117$62$21
46 years$622$361$201$108$56$19
47 years$602$345$188$99$51$17
48 years$583$329$177$92$47$15
49 years$564$314$166$85$42$13
50 years$547$300$156$78$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $560,000, adding $2,112 every year, while hoping to spend $33,612 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: 42/41/17 Blend
69$560,000$560,000$560,000$560,000
70$619,299$589,619$580,939$642,144
71$646,704$582,747$564,637$651,612
72$675,778$574,412$546,663$658,404
73$706,656$564,507$526,925$665,047
74$739,485$552,918$505,327$671,545
75$774,426$539,524$481,769$677,902
76$811,656$524,199$456,146$684,128
77$851,368$506,807$428,350$690,235
78$893,773$487,207$398,265$696,239
79$939,104$465,246$365,773$702,162
80$987,615$440,765$330,749$708,032
81$1,039,585$413,596$293,062$713,881
82$1,095,319$383,559$252,577$719,751
83$1,155,154$350,466$209,150$725,691
84$1,219,458$314,117$162,635$731,759
85$1,288,635$274,301$112,875$738,026
86$1,363,128$230,794$59,709$744,571
87$1,443,426$183,362$2,969$751,490
88$1,530,065$131,756$0$758,894
89$1,623,631$75,712$0$777,353
90$1,724,773$14,953$0$797,823
91$1,834,201$0$0$819,967
92$1,952,695$0$0$866,939
93$2,081,115$0$0$925,217
94$2,220,405$0$0$988,489
95$2,371,604$0$0$1,057,234
96$2,535,854$0$0$1,131,982
97$2,714,411$0$0$1,213,311
98$2,908,658$0$0$1,301,861
99$3,120,115$0$0$1,398,334
100$3,350,456$0$0$1,503,503