Can I retire at age 70 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$48,804$48,370$47,945$47,531$47,127$46,251
2 years$24,161$23,711$23,274$22,852$22,442$21,562
3 years$15,947$15,495$15,060$14,641$14,238$13,383
4 years$11,841$11,391$10,960$10,548$10,155$9,330
5 years$9,378$8,930$8,505$8,102$7,719$6,928
6 years$7,737$7,292$6,874$6,479$6,108$5,351
7 years$6,565$6,124$5,712$5,327$4,967$4,244
8 years$5,686$5,249$4,844$4,469$4,121$3,432
9 years$5,003$4,571$4,172$3,806$3,470$2,815
10 years$4,457$4,029$3,638$3,281$2,957$2,334
11 years$4,011$3,587$3,202$2,856$2,543$1,953
12 years$3,639$3,219$2,842$2,505$2,204$1,645
13 years$3,324$2,909$2,539$2,211$1,922$1,393
14 years$3,055$2,644$2,281$1,963$1,685$1,186
15 years$2,822$2,416$2,060$1,751$1,483$1,013
16 years$2,618$2,216$1,868$1,567$1,311$868
17 years$2,439$2,041$1,699$1,408$1,162$746
18 years$2,279$1,886$1,551$1,269$1,034$642
19 years$2,137$1,748$1,420$1,147$921$554
20 years$2,009$1,624$1,303$1,039$823$479
21 years$1,893$1,513$1,199$943$736$415
22 years$1,788$1,412$1,105$857$660$359
23 years$1,692$1,321$1,020$781$592$312
24 years$1,604$1,238$944$712$533$271
25 years$1,524$1,161$874$650$479$235
26 years$1,449$1,092$810$594$432$204
27 years$1,381$1,027$753$544$389$178
28 years$1,317$968$700$499$351$155
29 years$1,258$913$651$457$317$135
30 years$1,203$862$606$420$286$117
31 years$1,152$815$565$385$259$102
32 years$1,103$771$528$354$234$89
33 years$1,058$731$493$326$212$78
34 years$1,016$692$460$300$192$68
35 years$976$657$430$276$174$59
36 years$939$623$402$254$158$52
37 years$903$592$377$234$143$45
38 years$870$563$353$216$129$39
39 years$838$535$331$199$117$34
40 years$808$509$310$183$106$30
41 years$779$485$290$169$97$26
42 years$752$461$272$156$88$23
43 years$727$440$256$144$80$20
44 years$702$419$240$133$72$17
45 years$679$400$225$123$66$15
46 years$657$381$212$114$60$13
47 years$635$364$199$105$54$12
48 years$615$347$187$97$49$10
49 years$596$332$176$90$45$9
50 years$577$317$165$83$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $591,000, adding $5,401 every year, while hoping to spend $24,483 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: 64/15/21 Blend
69$591,000$591,000$591,000$591,000
70$656,853$625,530$616,370$695,023
71$697,802$630,131$610,968$725,974
72$742,108$634,138$604,565$756,528
73$790,086$637,494$597,102$789,342
74$842,085$640,141$588,515$824,638
75$898,488$642,018$578,740$862,663
76$959,714$643,057$567,708$903,688
77$1,026,227$643,189$555,349$948,013
78$1,098,537$642,340$541,587$995,970
79$1,177,202$640,429$526,345$1,047,923
80$1,262,840$637,373$509,540$1,104,278
81$1,356,127$633,082$491,088$1,165,478
82$1,457,812$627,463$470,899$1,232,017
83$1,568,713$620,413$448,879$1,304,438
84$1,689,737$611,828$424,931$1,383,339
85$1,821,876$601,594$398,953$1,469,384
86$1,966,227$589,592$370,837$1,563,302
87$2,123,996$575,695$340,473$1,665,901
88$2,296,509$559,769$307,745$1,778,069
89$2,485,228$541,673$272,529$1,900,789
90$2,691,762$521,256$234,700$2,035,144
91$2,917,883$498,360$194,124$2,182,332
92$3,165,543$472,815$150,663$2,343,672
93$3,436,891$444,445$104,173$2,520,619
94$3,734,293$413,062$54,501$2,714,781
95$4,060,355$378,466$1,491$2,927,931
96$4,417,948$340,448$0$3,162,024
97$4,810,233$298,785$0$3,431,560
98$5,240,694$253,242$0$3,727,737
99$5,713,167$203,573$0$4,052,887
100$6,231,876$149,514$0$4,409,947