Can I retire at age 70 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$49,052$48,615$48,189$47,773$47,366$46,950
2 years$24,283$23,831$23,393$22,968$22,555$22,136
3 years$16,028$15,574$15,137$14,716$14,310$13,900
4 years$11,901$11,448$11,016$10,602$10,206$9,809
5 years$9,426$8,976$8,549$8,143$7,758$7,376
6 years$7,776$7,329$6,908$6,512$6,139$5,771
7 years$6,598$6,155$5,741$5,354$4,993$4,639
8 years$5,715$5,276$4,869$4,491$4,142$3,803
9 years$5,029$4,594$4,193$3,826$3,488$3,164
10 years$4,480$4,049$3,656$3,298$2,972$2,662
11 years$4,031$3,605$3,219$2,870$2,556$2,261
12 years$3,657$3,235$2,856$2,517$2,215$1,934
13 years$3,341$2,924$2,552$2,222$1,932$1,664
14 years$3,071$2,658$2,293$1,973$1,693$1,439
15 years$2,836$2,428$2,070$1,759$1,491$1,249
16 years$2,632$2,228$1,877$1,575$1,318$1,089
17 years$2,451$2,051$1,708$1,415$1,168$951
18 years$2,291$1,896$1,559$1,276$1,039$834
19 years$2,148$1,757$1,427$1,153$926$732
20 years$2,019$1,633$1,310$1,044$827$644
21 years$1,902$1,521$1,205$947$740$568
22 years$1,797$1,420$1,111$861$663$501
23 years$1,701$1,328$1,025$785$595$443
24 years$1,612$1,244$948$716$535$392
25 years$1,531$1,167$878$653$482$347
26 years$1,457$1,097$815$597$434$307
27 years$1,388$1,033$756$547$391$273
28 years$1,324$973$703$501$353$242
29 years$1,264$918$654$460$319$215
30 years$1,209$867$610$422$288$191
31 years$1,157$819$568$387$260$170
32 years$1,109$775$530$356$235$151
33 years$1,064$734$495$327$213$134
34 years$1,021$696$463$301$193$119
35 years$981$660$432$277$175$106
36 years$943$626$405$255$158$95
37 years$908$595$379$235$144$84
38 years$874$565$355$217$130$75
39 years$842$538$332$200$118$67
40 years$812$512$311$184$107$60
41 years$783$487$292$170$97$53
42 years$756$464$274$157$88$47
43 years$730$442$257$145$80$42
44 years$706$421$241$134$73$38
45 years$682$402$227$124$66$33
46 years$660$383$213$114$60$30
47 years$639$366$200$105$54$27
48 years$618$349$188$97$49$24
49 years$599$333$177$90$45$21
50 years$580$318$166$83$41$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $594,000, adding $6,324 every year, while hoping to spend $53,541 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: 65/20/15 Blend
69$594,000$594,000$594,000$594,000
70$661,111$629,629$620,422$701,302
71$671,577$603,514$584,239$702,861
72$681,317$574,324$545,049$697,784
73$690,198$541,854$502,696$690,917
74$698,076$505,882$457,014$682,087
75$704,789$466,179$407,833$671,101
76$710,154$422,499$354,972$657,750
77$713,972$374,583$298,246$641,808
78$716,017$322,158$237,457$623,026
79$716,041$264,934$172,402$601,133
80$713,768$202,607$102,869$575,836
81$708,891$134,853$28,633$546,812
82$701,070$61,333$0$513,710
83$689,927$0$0$484,244
84$675,043$0$0$459,346
85$655,956$0$0$444,912
86$632,152$0$0$427,075
87$603,062$0$0$405,428
88$568,058$0$0$379,518
89$526,443$0$0$348,847
90$477,447$0$0$312,861
91$420,219$0$0$270,951
92$353,817$0$0$222,441
93$277,200$0$0$166,583
94$189,218$0$0$102,555
95$88,599$0$0$29,443
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0