Can I retire at age 70 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$50,125$49,679$49,243$48,818$48,403$46,741
2 years$24,815$24,352$23,905$23,470$23,049$21,392
3 years$16,379$15,915$15,468$15,038$14,623$13,023
4 years$12,162$11,699$11,257$10,834$10,429$8,898
5 years$9,632$9,172$8,736$8,321$7,928$6,469
6 years$7,946$7,490$7,060$6,655$6,273$4,888
7 years$6,742$6,290$5,867$5,471$5,102$3,791
8 years$5,840$5,392$4,975$4,590$4,233$2,994
9 years$5,139$4,694$4,285$3,909$3,564$2,397
10 years$4,578$4,138$3,736$3,370$3,037$1,939
11 years$4,119$3,684$3,289$2,933$2,612$1,581
12 years$3,737$3,306$2,919$2,572$2,263$1,297
13 years$3,414$2,988$2,608$2,271$1,974$1,069
14 years$3,138$2,716$2,343$2,016$1,730$885
15 years$2,899$2,481$2,116$1,798$1,523$735
16 years$2,689$2,276$1,918$1,610$1,346$612
17 years$2,505$2,096$1,745$1,446$1,194$511
18 years$2,341$1,937$1,593$1,304$1,061$427
19 years$2,195$1,795$1,459$1,178$946$358
20 years$2,063$1,668$1,339$1,067$845$300
21 years$1,944$1,554$1,231$968$756$252
22 years$1,836$1,451$1,135$880$678$212
23 years$1,738$1,357$1,048$802$609$178
24 years$1,648$1,271$969$731$547$150
25 years$1,565$1,193$898$668$492$126
26 years$1,489$1,121$832$611$443$106
27 years$1,418$1,055$773$559$400$89
28 years$1,353$994$719$512$361$75
29 years$1,292$938$669$470$326$63
30 years$1,236$886$623$431$294$53
31 years$1,183$837$581$396$266$45
32 years$1,133$792$542$364$241$38
33 years$1,087$750$506$334$218$32
34 years$1,044$711$473$308$197$27
35 years$1,003$675$442$283$179$23
36 years$964$640$413$261$162$19
37 years$928$608$387$240$147$16
38 years$893$578$362$222$133$14
39 years$861$549$339$204$121$12
40 years$830$523$318$188$109$10
41 years$801$498$298$174$99$8
42 years$773$474$280$160$90$7
43 years$746$452$263$148$82$6
44 years$721$430$247$137$74$5
45 years$697$410$231$126$67$4
46 years$674$392$217$117$61$4
47 years$653$374$204$108$56$3
48 years$632$357$192$100$50$3
49 years$612$341$180$92$46$2
50 years$593$325$170$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $607,000, adding $5,766 every year, while hoping to spend $54,843 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: 31/43/26 Blend
69$607,000$607,000$607,000$607,000
70$674,862$642,691$633,282$690,249
71$685,345$615,830$596,145$675,683
72$695,060$585,815$555,925$654,768
73$703,869$552,433$512,462$631,157
74$711,621$515,460$465,587$604,653
75$718,147$474,658$415,124$575,041
76$723,257$429,776$360,890$542,097
77$726,743$380,548$302,693$505,576
78$728,369$326,693$240,332$465,218
79$727,878$267,917$173,599$420,746
80$724,981$203,904$102,274$371,861
81$719,359$134,325$26,129$318,244
82$710,656$58,830$0$259,552
83$698,481$0$0$210,712
84$682,397$0$0$175,625
85$661,921$0$0$166,819
86$636,519$0$0$156,273
87$605,600$0$0$143,783
88$568,507$0$0$129,124
89$524,517$0$0$112,045
90$472,828$0$0$92,272
91$412,553$0$0$69,500
92$342,711$0$0$43,390
93$262,221$0$0$13,572
94$169,884$0$0$0
95$64,377$0$0$0
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