Can I retire at age 70 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$49,795$49,352$48,919$48,497$48,084$47,229
2 years$24,651$24,192$23,747$23,316$22,897$22,039
3 years$16,271$15,810$15,366$14,939$14,527$13,692
4 years$12,081$11,622$11,182$10,762$10,361$9,555
5 years$9,569$9,112$8,678$8,267$7,876$7,103
6 years$7,894$7,440$7,013$6,611$6,232$5,492
7 years$6,698$6,248$5,828$5,435$5,068$4,361
8 years$5,802$5,356$4,943$4,559$4,205$3,530
9 years$5,105$4,663$4,257$3,884$3,541$2,899
10 years$4,548$4,111$3,711$3,348$3,017$2,407
11 years$4,092$3,659$3,267$2,913$2,595$2,016
12 years$3,713$3,284$2,900$2,556$2,249$1,700
13 years$3,392$2,968$2,591$2,256$1,961$1,442
14 years$3,117$2,698$2,328$2,003$1,719$1,229
15 years$2,879$2,465$2,102$1,786$1,513$1,051
16 years$2,672$2,261$1,905$1,599$1,338$902
17 years$2,488$2,083$1,734$1,437$1,186$776
18 years$2,326$1,924$1,583$1,295$1,054$670
19 years$2,180$1,783$1,449$1,170$940$579
20 years$2,049$1,657$1,330$1,060$840$501
21 years$1,931$1,544$1,223$962$751$434
22 years$1,824$1,441$1,127$874$673$377
23 years$1,726$1,348$1,041$796$605$327
24 years$1,637$1,263$963$726$543$285
25 years$1,555$1,185$892$663$489$248
26 years$1,479$1,114$827$607$440$216
27 years$1,409$1,048$768$555$397$188
28 years$1,344$988$714$509$358$164
29 years$1,284$932$664$466$324$143
30 years$1,227$880$619$428$292$125
31 years$1,175$832$577$393$264$109
32 years$1,126$787$538$361$239$95
33 years$1,080$745$503$332$216$83
34 years$1,037$706$470$306$196$73
35 years$996$670$439$281$177$63
36 years$958$636$411$259$161$55
37 years$922$604$384$239$146$48
38 years$887$574$360$220$132$42
39 years$855$546$337$203$120$37
40 years$824$519$316$187$109$32
41 years$795$494$296$173$99$28
42 years$768$471$278$159$89$25
43 years$741$449$261$147$81$22
44 years$716$428$245$136$74$19
45 years$693$408$230$125$67$17
46 years$670$389$216$116$61$14
47 years$648$371$203$107$55$13
48 years$628$354$191$99$50$11
49 years$608$338$179$91$45$10
50 years$589$323$168$85$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $603,000, adding $4,682 every year, while hoping to spend $39,955 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: 36/47/17 Blend
69$603,000$603,000$603,000$603,000
70$669,335$637,376$628,030$689,810
71$695,096$626,096$606,557$693,794
72$722,145$612,924$583,026$693,984
73$750,571$597,725$557,325$693,342
74$780,472$580,356$529,338$691,818
75$811,954$560,667$498,944$689,356
76$845,130$538,497$466,016$685,901
77$880,127$513,677$430,421$681,396
78$917,081$486,028$392,021$675,783
79$956,140$455,360$350,670$669,002
80$997,466$421,473$306,218$660,993
81$1,041,238$384,155$258,507$651,692
82$1,087,649$343,183$207,371$641,039
83$1,136,909$298,319$152,638$628,970
84$1,189,252$249,315$94,130$615,421
85$1,244,929$195,905$31,656$600,332
86$1,304,218$137,810$0$583,639
87$1,367,422$74,737$0$571,633
88$1,434,874$6,374$0$564,445
89$1,506,937$0$0$556,308
90$1,584,010$0$0$582,176
91$1,666,530$0$0$613,457
92$1,754,977$0$0$647,044
93$1,849,878$0$0$683,143
94$1,951,809$0$0$721,983
95$2,061,404$0$0$763,813
96$2,179,359$0$0$808,908
97$2,306,438$0$0$857,568
98$2,443,479$0$0$910,126
99$2,591,405$0$0$966,945
100$2,751,228$0$0$1,028,424