Can I retire at age 70 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$48,969$48,533$48,108$47,692$47,287$46,910
2 years$24,242$23,791$23,353$22,929$22,517$22,138
3 years$16,001$15,548$15,111$14,691$14,286$13,915
4 years$11,881$11,429$10,997$10,584$10,189$9,830
5 years$9,410$8,961$8,534$8,129$7,745$7,399
6 years$7,763$7,317$6,897$6,501$6,129$5,795
7 years$6,587$6,145$5,731$5,345$4,984$4,664
8 years$5,705$5,267$4,861$4,484$4,135$3,828
9 years$5,020$4,586$4,186$3,819$3,482$3,188
10 years$4,472$4,042$3,650$3,292$2,967$2,686
11 years$4,024$3,599$3,213$2,865$2,552$2,284
12 years$3,651$3,230$2,852$2,513$2,211$1,956
13 years$3,336$2,919$2,548$2,219$1,928$1,685
14 years$3,066$2,653$2,289$1,970$1,690$1,459
15 years$2,832$2,424$2,067$1,756$1,488$1,268
16 years$2,627$2,224$1,874$1,573$1,315$1,107
17 years$2,447$2,048$1,705$1,413$1,166$969
18 years$2,287$1,892$1,557$1,273$1,037$850
19 years$2,144$1,754$1,425$1,151$924$748
20 years$2,015$1,630$1,308$1,042$826$659
21 years$1,899$1,518$1,203$946$739$581
22 years$1,794$1,417$1,109$860$662$514
23 years$1,698$1,325$1,024$783$594$455
24 years$1,610$1,242$947$714$534$403
25 years$1,529$1,165$877$652$481$357
26 years$1,454$1,095$813$596$433$317
27 years$1,385$1,031$755$546$390$282
28 years$1,322$971$702$500$352$250
29 years$1,262$916$653$459$318$223
30 years$1,207$865$609$421$287$198
31 years$1,155$818$567$387$260$176
32 years$1,107$774$529$355$235$157
33 years$1,062$733$494$327$213$140
34 years$1,019$695$462$301$193$125
35 years$979$659$432$277$174$111
36 years$942$625$404$255$158$99
37 years$906$594$378$235$143$88
38 years$873$565$354$216$130$79
39 years$841$537$332$200$118$70
40 years$811$511$311$184$107$63
41 years$782$486$291$170$97$56
42 years$755$463$273$157$88$50
43 years$729$441$257$145$80$45
44 years$705$421$241$134$72$40
45 years$681$401$226$123$66$36
46 years$659$383$212$114$60$32
47 years$637$365$200$105$54$28
48 years$617$348$188$97$49$25
49 years$598$333$176$90$45$23
50 years$579$318$166$83$41$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $593,000, adding $4,274 every year, while hoping to spend $47,805 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: 64/29/7 Blend
69$593,000$593,000$593,000$593,000
70$657,895$626,466$617,274$698,873
71$674,136$606,298$587,089$706,532
72$690,431$583,541$554,290$708,860
73$706,736$558,015$518,739$710,158
74$722,999$529,534$480,293$710,322
75$739,163$497,899$438,801$709,240
76$755,162$462,900$394,105$706,791
77$770,921$424,315$346,040$702,844
78$786,358$381,909$294,435$697,256
79$801,379$335,435$239,111$689,872
80$815,878$284,630$179,880$680,526
81$829,739$229,218$116,547$669,036
82$842,828$168,906$48,908$655,206
83$854,999$103,384$0$638,821
84$866,086$32,328$0$621,390
85$875,907$0$0$604,935
86$884,256$0$0$599,778
87$890,905$0$0$603,715
88$895,601$0$0$606,252
89$898,062$0$0$607,187
90$897,973$0$0$606,299
91$894,987$0$0$603,342
92$888,717$0$0$598,042
93$878,734$0$0$590,095
94$864,563$0$0$579,167
95$845,677$0$0$564,883
96$821,492$0$0$546,832
97$791,361$0$0$524,556
98$754,569$0$0$497,549
99$710,321$0$0$465,251
100$657,742$0$0$427,043