Can I retire at age 70 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$47,813$47,387$46,972$46,566$46,170$45,612
2 years$23,670$23,229$22,802$22,388$21,986$21,424
3 years$15,623$15,180$14,754$14,344$13,949$13,401
4 years$11,601$11,159$10,737$10,334$9,948$9,419
5 years$9,188$8,749$8,333$7,938$7,563$7,053
6 years$7,580$7,144$6,734$6,348$5,984$5,494
7 years$6,431$6,000$5,596$5,219$4,867$4,397
8 years$5,571$5,143$4,746$4,378$4,037$3,588
9 years$4,902$4,478$4,088$3,729$3,400$2,971
10 years$4,367$3,947$3,564$3,214$2,897$2,488
11 years$3,929$3,514$3,137$2,798$2,491$2,102
12 years$3,565$3,154$2,784$2,454$2,159$1,789
13 years$3,257$2,850$2,488$2,166$1,883$1,532
14 years$2,993$2,591$2,235$1,923$1,650$1,317
15 years$2,765$2,367$2,018$1,715$1,453$1,138
16 years$2,565$2,171$1,830$1,536$1,284$986
17 years$2,389$2,000$1,665$1,380$1,139$857
18 years$2,233$1,848$1,520$1,243$1,013$747
19 years$2,093$1,713$1,391$1,124$902$652
20 years$1,968$1,591$1,277$1,018$806$570
21 years$1,854$1,482$1,175$924$721$499
22 years$1,751$1,384$1,082$840$647$438
23 years$1,658$1,294$999$765$580$385
24 years$1,572$1,212$924$697$522$338
25 years$1,493$1,138$856$637$469$298
26 years$1,420$1,069$794$582$423$262
27 years$1,353$1,006$737$533$381$231
28 years$1,290$948$685$488$344$204
29 years$1,233$895$638$448$311$180
30 years$1,179$845$594$411$281$159
31 years$1,128$799$554$378$254$140
32 years$1,081$756$517$347$230$124
33 years$1,037$716$483$319$208$109
34 years$995$678$451$294$188$97
35 years$956$643$422$270$170$85
36 years$920$611$394$249$154$76
37 years$885$580$369$229$140$67
38 years$852$551$346$211$127$59
39 years$821$524$324$195$115$52
40 years$792$499$304$180$104$46
41 years$764$475$285$166$95$41
42 years$737$452$267$153$86$36
43 years$712$431$251$141$78$32
44 years$688$411$235$130$71$28
45 years$665$392$221$120$64$25
46 years$643$374$207$111$58$22
47 years$622$356$195$103$53$20
48 years$603$340$183$95$48$17
49 years$584$325$172$88$44$15
50 years$565$310$162$81$40$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $579,000, adding $4,896 every year, while hoping to spend $22,549 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: 76/5/19 Blend
69$579,000$579,000$579,000$579,000
70$643,108$612,421$603,447$688,797
71$684,713$618,438$599,670$725,724
72$729,806$623,994$595,011$762,932
73$778,719$629,042$589,417$803,131
74$831,817$633,534$582,831$846,613
75$889,502$637,416$575,195$893,701
76$952,215$640,633$566,448$944,749
77$1,020,442$643,125$556,525$1,000,149
78$1,094,718$644,829$545,359$1,060,332
79$1,175,631$645,678$532,881$1,125,774
80$1,263,828$645,599$519,015$1,196,998
81$1,360,023$644,518$503,687$1,274,582
82$1,464,999$642,353$486,814$1,359,164
83$1,579,619$639,018$468,313$1,451,445
84$1,704,834$634,424$448,095$1,552,199
85$1,841,691$628,474$426,069$1,662,279
86$1,991,339$621,066$402,139$1,782,626
87$2,155,049$612,091$376,204$1,914,276
88$2,334,216$601,435$348,158$2,058,373
89$2,530,377$588,977$317,893$2,216,176
90$2,745,226$574,587$285,293$2,389,074
91$2,980,627$558,130$250,238$2,578,598
92$3,238,634$539,461$212,604$2,786,436
93$3,521,508$518,428$172,260$3,014,449
94$3,831,740$494,869$129,068$3,264,686
95$4,172,073$468,614$82,888$3,539,410
96$4,545,530$439,481$33,570$3,841,112
97$4,955,438$407,279$0$4,172,540
98$5,405,463$371,807$0$4,540,586
99$5,899,646$332,851$0$4,952,239
100$6,442,434$290,185$0$5,404,399