Can I retire at age 70 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$48,061$47,633$47,215$46,808$46,409$45,963
2 years$23,793$23,349$22,920$22,504$22,100$21,650
3 years$15,704$15,259$14,831$14,418$14,021$13,582
4 years$11,661$11,217$10,793$10,388$10,000$9,575
5 years$9,235$8,794$8,376$7,979$7,602$7,192
6 years$7,619$7,181$6,769$6,381$6,015$5,621
7 years$6,465$6,031$5,625$5,246$4,892$4,514
8 years$5,600$5,169$4,770$4,401$4,058$3,696
9 years$4,927$4,501$4,109$3,748$3,418$3,071
10 years$4,389$3,967$3,582$3,231$2,912$2,581
11 years$3,950$3,532$3,154$2,812$2,504$2,189
12 years$3,583$3,170$2,799$2,467$2,170$1,870
13 years$3,274$2,865$2,501$2,178$1,893$1,607
14 years$3,009$2,604$2,247$1,933$1,659$1,388
15 years$2,779$2,379$2,028$1,724$1,461$1,203
16 years$2,578$2,183$1,839$1,544$1,291$1,047
17 years$2,402$2,010$1,674$1,387$1,145$914
18 years$2,245$1,857$1,528$1,250$1,018$800
19 years$2,104$1,721$1,399$1,129$907$701
20 years$1,978$1,600$1,284$1,023$810$616
21 years$1,864$1,490$1,181$928$725$542
22 years$1,761$1,391$1,088$844$650$478
23 years$1,666$1,301$1,005$769$583$422
24 years$1,580$1,219$929$701$524$372
25 years$1,500$1,144$861$640$472$329
26 years$1,427$1,075$798$585$425$291
27 years$1,360$1,012$741$536$383$258
28 years$1,297$953$689$491$346$229
29 years$1,239$899$641$450$312$203
30 years$1,185$849$597$413$282$180
31 years$1,134$803$557$379$255$159
32 years$1,087$760$519$349$231$142
33 years$1,042$719$485$321$209$126
34 years$1,001$682$453$295$189$112
35 years$961$647$424$272$171$99
36 years$924$614$396$250$155$88
37 years$889$583$371$230$141$78
38 years$856$554$347$212$127$70
39 years$825$527$325$196$116$62
40 years$796$501$305$181$105$55
41 years$768$477$286$167$95$49
42 years$741$454$268$154$86$44
43 years$716$433$252$142$78$39
44 years$691$413$236$131$71$35
45 years$669$394$222$121$65$31
46 years$647$375$208$112$59$27
47 years$626$358$196$103$53$24
48 years$606$342$184$95$48$22
49 years$587$327$173$88$44$19
50 years$568$312$163$82$40$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $582,000, adding $4,549 every year, while hoping to spend $34,767 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: 85/9/6 Blend
69$582,000$582,000$582,000$582,000
70$646,056$615,210$606,189$700,396
71$674,962$608,364$589,505$729,673
72$705,651$600,017$571,096$756,598
73$738,269$590,058$550,869$785,068
74$772,973$578,372$528,724$815,215
75$809,939$564,835$504,559$847,183
76$849,356$549,315$478,265$881,132
77$891,433$531,674$449,729$917,237
78$936,398$511,765$418,834$955,691
79$984,501$489,433$385,456$996,707
80$1,036,018$464,512$349,466$1,040,517
81$1,091,249$436,831$310,731$1,087,380
82$1,150,525$406,204$269,109$1,137,579
83$1,214,208$372,437$224,453$1,191,427
84$1,282,696$335,326$176,611$1,249,267
85$1,356,426$294,651$125,423$1,311,478
86$1,435,878$250,185$70,720$1,378,477
87$1,521,578$201,685$12,330$1,450,726
88$1,614,106$148,894$0$1,528,730
89$1,714,097$91,543$0$1,616,248
90$1,822,251$29,344$0$1,711,747
91$1,939,336$0$0$1,815,128
92$2,066,197$0$0$1,930,916
93$2,203,763$0$0$2,059,632
94$2,353,055$0$0$2,199,328
95$2,515,197$0$0$2,351,056
96$2,691,425$0$0$2,515,974
97$2,883,098$0$0$2,695,353
98$3,091,712$0$0$2,890,597
99$3,318,912$0$0$3,103,245
100$3,566,510$0$0$3,334,994