Can I retire at age 70 with 585,000?

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 $585,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$48,309$47,878$47,459$47,049$46,649$45,632
2 years$23,915$23,470$23,038$22,620$22,214$21,195
3 years$15,785$15,338$14,907$14,493$14,093$13,104
4 years$11,721$11,275$10,849$10,441$10,051$9,099
5 years$9,283$8,840$8,419$8,020$7,641$6,728
6 years$7,658$7,218$6,804$6,413$6,046$5,174
7 years$6,498$6,062$5,654$5,273$4,917$4,085
8 years$5,628$5,196$4,795$4,423$4,079$3,288
9 years$4,952$4,524$4,130$3,768$3,435$2,684
10 years$4,412$3,988$3,601$3,248$2,927$2,215
11 years$3,970$3,550$3,170$2,827$2,517$1,843
12 years$3,602$3,186$2,813$2,479$2,181$1,545
13 years$3,291$2,880$2,513$2,189$1,902$1,301
14 years$3,024$2,617$2,258$1,943$1,668$1,101
15 years$2,793$2,391$2,039$1,733$1,468$936
16 years$2,592$2,194$1,849$1,552$1,298$797
17 years$2,414$2,020$1,682$1,394$1,151$681
18 years$2,256$1,867$1,536$1,256$1,023$583
19 years$2,115$1,730$1,406$1,135$912$500
20 years$1,988$1,608$1,290$1,028$814$430
21 years$1,874$1,498$1,187$933$729$370
22 years$1,770$1,398$1,094$848$653$318
23 years$1,675$1,308$1,010$773$586$275
24 years$1,588$1,225$934$705$527$237
25 years$1,508$1,150$865$644$474$205
26 years$1,435$1,080$802$588$427$177
27 years$1,367$1,017$745$539$385$153
28 years$1,304$958$693$493$348$132
29 years$1,245$904$644$453$314$114
30 years$1,191$854$600$415$284$99
31 years$1,140$807$560$381$256$86
32 years$1,092$764$522$351$232$74
33 years$1,048$723$488$322$210$64
34 years$1,006$685$456$297$190$56
35 years$966$650$426$273$172$48
36 years$929$617$398$251$156$42
37 years$894$586$373$232$141$36
38 years$861$557$349$214$128$31
39 years$830$530$327$197$116$27
40 years$800$504$307$182$105$24
41 years$772$480$288$168$96$20
42 years$745$457$270$155$87$18
43 years$719$435$253$143$79$15
44 years$695$415$238$132$71$13
45 years$672$396$223$122$65$12
46 years$650$377$210$112$59$10
47 years$629$360$197$104$53$9
48 years$609$344$185$96$49$8
49 years$590$328$174$89$44$7
50 years$571$314$163$82$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $585,000, adding $5,134 every year, while hoping to spend $28,991 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: 58/36/6 Blend
69$585,000$585,000$585,000$585,000
70$649,966$618,961$609,893$686,579
71$685,416$618,444$599,478$711,244
72$723,511$616,929$587,743$734,370
73$764,489$614,339$574,612$758,848
74$808,612$610,588$560,008$784,809
75$856,171$605,586$543,848$812,400
76$907,480$599,239$526,046$841,780
77$962,888$591,447$506,514$873,130
78$1,022,777$582,103$485,157$906,648
79$1,087,567$571,093$461,877$942,554
80$1,157,721$558,299$436,572$981,091
81$1,233,747$543,593$409,135$1,022,529
82$1,316,201$526,842$379,453$1,067,169
83$1,405,700$507,903$347,411$1,115,342
84$1,502,917$486,626$312,886$1,167,414
85$1,608,597$462,853$275,749$1,223,795
86$1,723,556$436,415$235,869$1,284,933
87$1,848,693$407,134$193,105$1,351,328
88$1,984,999$374,823$147,313$1,423,534
89$2,133,562$339,281$98,341$1,502,160
90$2,295,579$300,301$46,030$1,587,885
91$2,472,372$257,659$0$1,681,457
92$2,665,390$211,120$0$1,784,332
93$2,876,232$160,438$0$1,899,985
94$3,106,658$105,349$0$2,026,493
95$3,358,605$45,579$0$2,164,989
96$3,634,204$0$0$2,316,725
97$3,935,805$0$0$2,490,680
98$4,265,993$0$0$2,700,937
99$4,627,615$0$0$2,931,262
100$5,023,808$0$0$3,183,656