Can I retire at age 70 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$50,621$50,170$49,730$49,301$48,881$48,594
2 years$25,060$24,593$24,141$23,702$23,277$22,987
3 years$16,541$16,072$15,621$15,186$14,768$14,484
4 years$12,282$11,815$11,368$10,941$10,533$10,257
5 years$9,727$9,263$8,822$8,404$8,007$7,741
6 years$8,025$7,564$7,129$6,720$6,335$6,079
7 years$6,809$6,352$5,925$5,525$5,152$4,906
8 years$5,898$5,445$5,025$4,635$4,274$4,038
9 years$5,189$4,741$4,328$3,948$3,600$3,373
10 years$4,623$4,179$3,773$3,403$3,067$2,850
11 years$4,160$3,720$3,322$2,962$2,638$2,431
12 years$3,774$3,339$2,948$2,598$2,286$2,088
13 years$3,448$3,017$2,634$2,294$1,993$1,805
14 years$3,169$2,743$2,366$2,036$1,747$1,568
15 years$2,927$2,506$2,137$1,816$1,538$1,368
16 years$2,716$2,299$1,937$1,626$1,360$1,198
17 years$2,530$2,117$1,763$1,461$1,206$1,052
18 years$2,364$1,956$1,609$1,316$1,072$926
19 years$2,216$1,813$1,473$1,190$955$817
20 years$2,083$1,685$1,352$1,077$853$723
21 years$1,963$1,569$1,243$978$764$640
22 years$1,854$1,465$1,146$889$685$568
23 years$1,755$1,370$1,058$810$615$505
24 years$1,664$1,284$979$738$552$449
25 years$1,580$1,205$906$674$497$400
26 years$1,503$1,132$841$617$448$356
27 years$1,432$1,066$781$564$404$318
28 years$1,366$1,004$726$517$364$283
29 years$1,305$947$675$474$329$253
30 years$1,248$895$629$435$297$226
31 years$1,194$846$586$400$269$202
32 years$1,145$800$547$367$243$181
33 years$1,098$758$511$338$220$162
34 years$1,054$718$477$311$199$145
35 years$1,013$681$446$286$180$130
36 years$974$647$417$263$163$116
37 years$937$614$391$243$148$104
38 years$902$584$366$224$134$93
39 years$869$555$343$206$122$83
40 years$838$528$321$190$110$75
41 years$809$503$301$176$100$67
42 years$780$479$283$162$91$60
43 years$754$456$265$150$83$54
44 years$728$435$249$138$75$48
45 years$704$415$234$128$68$43
46 years$681$395$220$118$62$39
47 years$659$377$206$109$56$35
48 years$638$360$194$101$51$31
49 years$618$344$182$93$46$28
50 years$599$329$171$86$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $613,000, adding $5,449 every year, while hoping to spend $50,116 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: 79/16/5 Blend
69$613,000$613,000$613,000$613,000
70$681,147$648,658$639,156$734,385
71$697,301$627,119$607,245$748,495
72$713,423$602,845$572,585$756,817
73$729,456$575,649$535,031$764,426
74$745,338$545,333$494,432$771,228
75$760,997$511,689$450,630$777,116
76$776,351$474,494$403,458$781,974
77$791,310$433,515$352,745$785,675
78$805,772$388,506$298,310$788,080
79$819,621$339,203$239,965$789,035
80$832,731$285,333$177,512$788,373
81$844,958$226,602$110,746$785,910
82$856,141$162,703$39,454$781,443
83$866,102$93,310$0$774,751
84$874,642$18,080$0$767,546
85$881,539$0$0$759,981
86$886,548$0$0$760,822
87$889,392$0$0$762,952
88$889,767$0$0$762,922
89$887,335$0$0$760,436
90$881,720$0$0$755,167
91$872,504$0$0$746,752
92$859,224$0$0$734,787
93$841,369$0$0$718,826
94$818,369$0$0$698,372
95$789,595$0$0$672,879
96$754,350$0$0$641,738
97$711,864$0$0$604,278
98$661,281$0$0$559,755
99$601,659$0$0$507,347
100$531,953$0$0$446,143