Can I retire at age 70 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$49,382$48,942$48,513$48,094$47,685$47,070
2 years$24,447$23,991$23,550$23,122$22,707$22,088
3 years$16,136$15,679$15,238$14,815$14,406$13,803
4 years$11,981$11,525$11,090$10,673$10,275$9,691
5 years$9,489$9,036$8,606$8,198$7,811$7,249
6 years$7,828$7,379$6,955$6,556$6,180$5,641
7 years$6,643$6,197$5,780$5,390$5,026$4,510
8 years$5,754$5,312$4,902$4,522$4,170$3,676
9 years$5,062$4,625$4,222$3,851$3,512$3,040
10 years$4,510$4,076$3,681$3,320$2,992$2,543
11 years$4,058$3,629$3,240$2,889$2,573$2,146
12 years$3,682$3,257$2,876$2,534$2,230$1,824
13 years$3,364$2,944$2,569$2,237$1,945$1,559
14 years$3,091$2,676$2,308$1,986$1,705$1,339
15 years$2,856$2,444$2,084$1,771$1,501$1,155
16 years$2,649$2,243$1,890$1,586$1,326$1,000
17 years$2,468$2,065$1,720$1,425$1,176$868
18 years$2,306$1,908$1,570$1,284$1,046$755
19 years$2,162$1,769$1,437$1,160$932$658
20 years$2,032$1,644$1,319$1,051$833$575
21 years$1,915$1,531$1,213$954$745$503
22 years$1,809$1,429$1,118$867$668$440
23 years$1,712$1,337$1,032$790$599$386
24 years$1,623$1,252$955$720$539$339
25 years$1,542$1,175$884$658$485$298
26 years$1,467$1,105$820$602$437$262
27 years$1,397$1,039$762$551$394$230
28 years$1,333$979$708$504$355$203
29 years$1,273$924$659$463$321$179
30 years$1,217$873$614$425$290$157
31 years$1,165$825$572$390$262$139
32 years$1,117$781$534$358$237$122
33 years$1,071$739$498$330$215$108
34 years$1,028$701$466$303$194$95
35 years$988$665$435$279$176$84
36 years$950$631$407$257$159$74
37 years$914$599$381$237$144$66
38 years$880$569$357$218$131$58
39 years$848$541$334$201$119$51
40 years$818$515$313$186$108$45
41 years$789$490$294$171$98$40
42 years$761$467$276$158$89$35
43 years$735$445$259$146$80$31
44 years$711$424$243$135$73$28
45 years$687$404$228$124$66$24
46 years$664$386$214$115$60$21
47 years$643$368$201$106$55$19
48 years$622$351$189$98$50$17
49 years$603$336$178$91$45$15
50 years$584$321$167$84$41$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $598,000, adding $2,150 every year, while hoping to spend $32,042 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: 65/18/17 Blend
69$598,000$598,000$598,000$598,000
70$661,214$629,520$620,251$701,289
71$694,565$626,274$606,937$725,161
72$730,244$621,795$592,103$747,353
73$768,455$615,989$575,664$770,828
74$809,421$608,755$557,532$795,713
75$853,386$599,989$537,614$822,146
76$900,621$589,577$515,813$850,282
77$951,419$577,402$492,028$880,292
78$1,006,105$563,336$466,152$912,366
79$1,065,035$547,246$438,075$946,714
80$1,128,599$528,992$407,681$983,569
81$1,197,227$508,423$374,849$1,023,190
82$1,271,391$485,383$339,453$1,065,863
83$1,351,609$459,702$301,361$1,111,903
84$1,438,451$431,206$260,435$1,161,663
85$1,532,543$399,705$216,530$1,215,530
86$1,634,576$365,004$169,497$1,273,933
87$1,745,305$326,892$119,178$1,337,350
88$1,865,565$285,149$65,409$1,406,306
89$1,996,272$239,540$8,020$1,481,384
90$2,138,435$189,821$0$1,563,228
91$2,293,162$135,729$0$1,662,206
92$2,461,675$76,989$0$1,771,630
93$2,645,315$13,312$0$1,890,953
94$2,845,563$0$0$2,021,175
95$3,064,044$0$0$2,174,415
96$3,302,550$0$0$2,344,615
97$3,563,052$0$0$2,530,551
98$3,847,719$0$0$2,733,776
99$4,158,941$0$0$2,956,000
100$4,499,349$0$0$3,199,108