Can I retire at age 70 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$49,217$48,779$48,351$47,934$47,526$45,986
2 years$24,365$23,911$23,471$23,045$22,631$21,095
3 years$16,082$15,626$15,188$14,765$14,358$12,873
4 years$11,941$11,487$11,053$10,637$10,240$8,817
5 years$9,457$9,006$8,577$8,171$7,785$6,428
6 years$7,802$7,354$6,932$6,534$6,160$4,870
7 years$6,620$6,176$5,760$5,372$5,009$3,788
8 years$5,734$5,294$4,885$4,506$4,156$3,000
9 years$5,046$4,609$4,208$3,839$3,500$2,409
10 years$4,495$4,063$3,668$3,309$2,982$1,955
11 years$4,045$3,617$3,230$2,880$2,565$1,599
12 years$3,670$3,246$2,866$2,526$2,222$1,316
13 years$3,353$2,934$2,561$2,230$1,938$1,089
14 years$3,081$2,667$2,301$1,980$1,699$905
15 years$2,846$2,436$2,077$1,765$1,496$754
16 years$2,641$2,235$1,883$1,581$1,322$630
17 years$2,459$2,058$1,714$1,420$1,172$528
18 years$2,299$1,902$1,564$1,280$1,042$443
19 years$2,155$1,763$1,432$1,157$929$373
20 years$2,026$1,638$1,314$1,047$830$314
21 years$1,909$1,526$1,209$951$743$264
22 years$1,803$1,424$1,114$864$666$223
23 years$1,706$1,332$1,029$787$597$188
24 years$1,618$1,248$951$718$537$159
25 years$1,537$1,171$881$656$483$134
26 years$1,462$1,101$817$600$435$113
27 years$1,393$1,036$759$549$392$96
28 years$1,328$976$706$503$354$81
29 years$1,269$921$657$461$320$69
30 years$1,213$870$612$423$289$58
31 years$1,161$822$570$389$261$49
32 years$1,113$778$532$357$236$42
33 years$1,067$737$497$328$214$35
34 years$1,025$698$464$302$194$30
35 years$984$662$434$278$175$25
36 years$947$629$406$256$159$21
37 years$911$597$380$236$144$18
38 years$877$567$356$218$131$15
39 years$845$540$333$201$118$13
40 years$815$513$312$185$107$11
41 years$786$489$293$171$97$9
42 years$759$465$275$158$88$8
43 years$733$443$258$145$80$7
44 years$708$423$242$134$73$6
45 years$685$403$227$124$66$5
46 years$662$384$213$115$60$4
47 years$641$367$201$106$55$3
48 years$620$350$188$98$49$3
49 years$601$334$177$90$45$2
50 years$582$320$167$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $596,000, adding $4,892 every year, while hoping to spend $39,289 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: 34/39/27 Blend
69$596,000$596,000$596,000$596,000
70$661,838$630,250$621,012$678,792
71$687,542$619,329$600,013$681,039
72$714,552$606,556$576,993$679,593
73$742,958$591,799$551,844$677,267
74$772,860$574,918$524,452$674,008
75$804,367$555,765$494,696$669,765
76$837,597$534,182$462,453$664,483
77$872,679$510,004$427,593$658,105
78$909,754$483,055$389,978$650,574
79$948,973$453,149$349,467$641,833
80$990,506$420,091$305,911$631,822
81$1,034,534$383,672$259,156$620,481
82$1,081,257$343,673$209,038$607,751
83$1,130,894$299,861$155,390$593,572
84$1,183,684$251,993$98,034$577,882
85$1,239,887$199,808$36,785$560,624
86$1,299,790$143,033$0$541,738
87$1,363,707$81,380$0$529,401
88$1,431,980$14,542$0$527,170
89$1,504,986$0$0$524,446
90$1,583,137$0$0$546,047
91$1,666,886$0$0$575,942
92$1,756,729$0$0$608,073
93$1,853,210$0$0$642,644
94$1,956,927$0$0$679,875
95$2,068,536$0$0$720,012
96$2,188,757$0$0$763,324
97$2,318,382$0$0$810,103
98$2,458,278$0$0$860,676
99$2,609,403$0$0$915,396
100$2,772,803$0$0$974,657