Can I retire at age 70 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$49,465$49,024$48,594$48,175$47,765$46,089
2 years$24,488$24,031$23,590$23,161$22,745$21,074
3 years$16,163$15,705$15,264$14,839$14,431$12,817
4 years$12,001$11,545$11,108$10,691$10,292$8,748
5 years$9,505$9,051$8,620$8,212$7,824$6,354
6 years$7,841$7,391$6,967$6,567$6,191$4,796
7 years$6,654$6,207$5,789$5,399$5,035$3,715
8 years$5,763$5,320$4,910$4,529$4,177$2,931
9 years$5,071$4,632$4,229$3,858$3,517$2,343
10 years$4,517$4,083$3,687$3,325$2,997$1,893
11 years$4,065$3,635$3,246$2,894$2,578$1,541
12 years$3,688$3,263$2,881$2,539$2,234$1,263
13 years$3,369$2,949$2,574$2,241$1,948$1,040
14 years$3,097$2,680$2,312$1,989$1,707$860
15 years$2,860$2,448$2,088$1,774$1,503$713
16 years$2,654$2,246$1,893$1,589$1,329$593
17 years$2,472$2,069$1,722$1,427$1,178$494
18 years$2,310$1,912$1,572$1,286$1,047$413
19 years$2,166$1,772$1,439$1,162$934$345
20 years$2,036$1,646$1,321$1,053$834$289
21 years$1,918$1,533$1,215$955$746$242
22 years$1,812$1,431$1,120$869$669$203
23 years$1,715$1,339$1,034$791$600$170
24 years$1,626$1,254$956$722$540$143
25 years$1,544$1,177$886$659$486$120
26 years$1,469$1,106$821$603$437$101
27 years$1,400$1,041$763$552$394$85
28 years$1,335$981$709$505$356$72
29 years$1,275$926$660$463$321$60
30 years$1,219$874$615$425$290$51
31 years$1,167$826$573$391$263$43
32 years$1,118$782$535$359$237$36
33 years$1,073$740$499$330$215$30
34 years$1,030$702$466$304$195$25
35 years$989$666$436$280$176$21
36 years$951$632$408$257$160$18
37 years$915$600$382$237$145$15
38 years$881$570$358$219$131$13
39 years$849$542$335$202$119$11
40 years$819$516$314$186$108$9
41 years$790$491$294$172$98$8
42 years$763$468$276$158$89$6
43 years$737$446$259$146$81$5
44 years$712$425$243$135$73$5
45 years$688$405$228$125$66$4
46 years$665$386$215$115$60$3
47 years$644$369$202$106$55$3
48 years$623$352$189$98$50$2
49 years$604$336$178$91$45$2
50 years$585$321$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 $599,000, adding $6,935 every year, while hoping to spend $36,678 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: 61/32/7 Blend
69$599,000$599,000$599,000$599,000
70$667,251$635,504$626,220$706,596
71$696,286$627,619$608,173$725,866
72$727,053$618,118$588,293$742,020
73$759,690$606,883$566,478$758,711
74$794,348$593,790$542,625$775,993
75$831,192$578,706$516,623$793,924
76$870,402$561,492$488,359$812,570
77$912,176$541,998$457,712$832,006
78$956,731$520,069$424,558$852,316
79$1,004,303$495,538$388,766$873,593
80$1,055,151$468,229$350,199$895,944
81$1,109,562$437,957$308,716$919,487
82$1,167,845$404,525$264,166$944,356
83$1,230,345$367,726$216,395$970,699
84$1,297,436$327,340$165,240$998,685
85$1,369,530$283,136$110,532$1,028,500
86$1,447,081$234,868$52,093$1,060,352
87$1,530,584$182,278$0$1,094,477
88$1,620,585$125,091$0$1,131,903
89$1,717,684$63,019$0$1,176,355
90$1,822,539$0$0$1,224,279
91$1,935,872$0$0$1,277,547
92$2,058,480$0$0$1,359,217
93$2,191,237$0$0$1,447,685
94$2,335,102$0$0$1,543,597
95$2,491,132$0$0$1,647,662
96$2,660,491$0$0$1,760,660
97$2,844,454$0$0$1,883,449
98$3,044,428$0$0$2,016,973
99$3,261,960$0$0$2,162,271
100$3,498,751$0$0$2,320,486