Can I retire at age 70 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$50,373$49,925$49,487$49,059$48,642$48,437
2 years$24,937$24,473$24,023$23,586$23,163$22,956
3 years$16,460$15,993$15,544$15,112$14,696$14,493
4 years$12,222$11,757$11,312$10,887$10,481$10,285
5 years$9,680$9,217$8,779$8,363$7,967$7,778
6 years$7,985$7,527$7,095$6,688$6,304$6,121
7 years$6,776$6,321$5,896$5,498$5,127$4,951
8 years$5,869$5,418$5,000$4,612$4,253$4,084
9 years$5,164$4,718$4,306$3,929$3,582$3,420
10 years$4,600$4,158$3,754$3,387$3,052$2,897
11 years$4,140$3,702$3,305$2,947$2,625$2,476
12 years$3,756$3,323$2,933$2,585$2,275$2,133
13 years$3,431$3,003$2,621$2,282$1,984$1,848
14 years$3,153$2,729$2,355$2,026$1,739$1,609
15 years$2,913$2,493$2,126$1,807$1,531$1,408
16 years$2,703$2,288$1,928$1,618$1,353$1,236
17 years$2,517$2,107$1,754$1,454$1,200$1,088
18 years$2,353$1,947$1,601$1,310$1,067$961
19 years$2,205$1,804$1,466$1,184$951$851
20 years$2,073$1,677$1,345$1,072$849$754
21 years$1,954$1,562$1,237$973$760$670
22 years$1,845$1,458$1,140$885$681$596
23 years$1,746$1,363$1,053$806$612$531
24 years$1,656$1,277$974$735$550$474
25 years$1,573$1,199$902$671$495$423
26 years$1,496$1,127$837$614$446$378
27 years$1,425$1,060$777$562$402$339
28 years$1,360$999$722$515$362$303
29 years$1,299$943$672$472$327$272
30 years$1,242$890$626$433$296$243
31 years$1,189$841$584$398$267$218
32 years$1,139$796$544$366$242$196
33 years$1,092$754$508$336$219$176
34 years$1,049$715$475$309$198$158
35 years$1,008$678$444$285$179$142
36 years$969$643$415$262$163$127
37 years$932$611$389$242$147$115
38 years$898$581$364$223$134$103
39 years$865$552$341$205$121$93
40 years$834$525$320$189$110$83
41 years$805$500$300$175$100$75
42 years$777$476$281$161$90$67
43 years$750$454$264$149$82$61
44 years$725$433$248$137$75$55
45 years$701$412$233$127$68$49
46 years$678$394$218$117$61$44
47 years$656$376$205$108$56$40
48 years$635$358$193$100$51$36
49 years$615$342$181$93$46$32
50 years$596$327$170$86$42$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $610,000, adding $3,064 every year, while hoping to spend $45,452 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: 67/17/16 Blend
69$610,000$610,000$610,000$610,000
70$675,381$643,051$633,596$717,848
71$695,909$626,199$606,460$729,739
72$717,008$606,999$576,893$737,128
73$738,687$585,287$544,764$744,079
74$760,957$560,890$509,937$750,545
75$783,827$533,625$472,272$756,478
76$807,304$503,301$431,620$761,824
77$831,398$469,711$387,828$766,527
78$856,114$432,640$340,734$770,529
79$881,459$391,861$290,170$773,763
80$907,436$347,130$235,959$776,162
81$934,049$298,194$177,918$777,653
82$961,299$244,783$115,856$778,156
83$989,187$186,612$49,572$777,588
84$1,017,708$123,381$0$775,858
85$1,046,859$54,771$0$776,484
86$1,076,632$0$0$785,017
87$1,107,016$0$0$796,570
88$1,137,997$0$0$818,789
89$1,169,556$0$0$841,416
90$1,201,673$0$0$864,432
91$1,234,320$0$0$887,818
92$1,267,464$0$0$911,548
93$1,301,066$0$0$935,594
94$1,335,083$0$0$959,921
95$1,369,460$0$0$984,490
96$1,404,137$0$0$1,009,254
97$1,439,043$0$0$1,034,161
98$1,474,098$0$0$1,059,151
99$1,509,209$0$0$1,084,154
100$1,544,271$0$0$1,109,091