Can I retire at age 70 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$46,327$45,914$45,512$45,119$44,735$44,103
2 years$22,934$22,507$22,093$21,692$21,302$20,667
3 years$15,138$14,709$14,296$13,898$13,515$12,896
4 years$11,240$10,812$10,404$10,013$9,639$9,041
5 years$8,902$8,477$8,074$7,691$7,327$6,752
6 years$7,344$6,922$6,525$6,150$5,798$5,246
7 years$6,232$5,813$5,422$5,057$4,715$4,187
8 years$5,398$4,983$4,598$4,242$3,912$3,407
9 years$4,749$4,339$3,961$3,613$3,294$2,813
10 years$4,231$3,824$3,453$3,115$2,807$2,348
11 years$3,807$3,404$3,040$2,711$2,414$1,978
12 years$3,454$3,056$2,698$2,378$2,092$1,678
13 years$3,156$2,761$2,410$2,099$1,824$1,432
14 years$2,900$2,510$2,166$1,863$1,599$1,227
15 years$2,679$2,293$1,955$1,662$1,408$1,056
16 years$2,485$2,104$1,773$1,488$1,244$912
17 years$2,315$1,938$1,613$1,337$1,103$790
18 years$2,164$1,790$1,473$1,205$981$686
19 years$2,028$1,659$1,348$1,089$874$597
20 years$1,907$1,542$1,237$986$781$520
21 years$1,797$1,436$1,138$895$699$454
22 years$1,697$1,341$1,049$814$627$397
23 years$1,606$1,254$968$741$562$347
24 years$1,523$1,175$896$676$505$304
25 years$1,446$1,102$830$617$455$266
26 years$1,376$1,036$769$564$410$234
27 years$1,311$975$714$517$369$205
28 years$1,250$919$664$473$333$180
29 years$1,194$867$618$434$301$158
30 years$1,142$819$576$398$272$139
31 years$1,093$774$537$366$246$122
32 years$1,047$732$501$336$222$108
33 years$1,005$693$468$309$201$95
34 years$964$657$437$284$182$83
35 years$927$623$408$262$165$73
36 years$891$592$382$241$150$65
37 years$857$562$358$222$136$57
38 years$826$534$335$205$123$50
39 years$795$508$314$189$111$44
40 years$767$483$294$174$101$39
41 years$740$460$276$161$92$34
42 years$714$438$259$148$83$30
43 years$690$417$243$137$76$27
44 years$667$398$228$126$69$23
45 years$644$379$214$117$62$21
46 years$623$362$201$108$56$18
47 years$603$345$189$100$51$16
48 years$584$330$177$92$47$14
49 years$565$315$167$85$42$12
50 years$548$301$157$79$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $561,000, adding $6,326 every year, while hoping to spend $39,448 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: 42/48/10 Blend
69$561,000$561,000$561,000$561,000
70$624,747$595,014$586,319$648,901
71$646,499$582,198$563,988$653,588
72$669,148$567,431$539,587$654,205
73$692,742$550,577$513,005$653,987
74$717,337$531,490$484,126$652,874
75$742,989$510,017$452,828$650,801
76$769,761$485,995$418,985$647,703
77$797,720$459,252$382,464$643,511
78$826,939$429,606$343,127$638,153
79$857,494$396,865$300,830$631,553
80$889,472$360,825$255,422$623,632
81$922,964$321,271$206,744$614,308
82$958,070$277,976$154,633$603,496
83$994,896$230,700$98,916$591,108
84$1,033,560$179,189$39,415$577,051
85$1,074,190$123,176$0$561,230
86$1,116,923$62,377$0$546,116
87$1,161,909$0$0$533,693
88$1,209,312$0$0$521,520
89$1,259,310$0$0$543,457
90$1,312,097$0$0$566,648
91$1,367,886$0$0$591,189
92$1,426,906$0$0$617,186
93$1,489,411$0$0$644,753
94$1,555,675$0$0$674,018
95$1,626,000$0$0$705,118
96$1,700,715$0$0$738,204
97$1,780,180$0$0$773,442
98$1,864,790$0$0$811,012
99$1,954,975$0$0$851,112
100$2,051,208$0$0$893,960