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%11.5%
1 years$50,621$50,170$49,730$49,301$48,881$48,573
2 years$25,060$24,593$24,141$23,702$23,277$22,966
3 years$16,541$16,072$15,621$15,186$14,768$14,464
4 years$12,282$11,815$11,368$10,941$10,533$10,238
5 years$9,727$9,263$8,822$8,404$8,007$7,722
6 years$8,025$7,564$7,129$6,720$6,335$6,062
7 years$6,809$6,352$5,925$5,525$5,152$4,889
8 years$5,898$5,445$5,025$4,635$4,274$4,022
9 years$5,189$4,741$4,328$3,948$3,600$3,358
10 years$4,623$4,179$3,773$3,403$3,067$2,836
11 years$4,160$3,720$3,322$2,962$2,638$2,417
12 years$3,774$3,339$2,948$2,598$2,286$2,075
13 years$3,448$3,017$2,634$2,294$1,993$1,792
14 years$3,169$2,743$2,366$2,036$1,747$1,556
15 years$2,927$2,506$2,137$1,816$1,538$1,356
16 years$2,716$2,299$1,937$1,626$1,360$1,187
17 years$2,530$2,117$1,763$1,461$1,206$1,042
18 years$2,364$1,956$1,609$1,316$1,072$916
19 years$2,216$1,813$1,473$1,190$955$808
20 years$2,083$1,685$1,352$1,077$853$714
21 years$1,963$1,569$1,243$978$764$632
22 years$1,854$1,465$1,146$889$685$561
23 years$1,755$1,370$1,058$810$615$498
24 years$1,664$1,284$979$738$552$442
25 years$1,580$1,205$906$674$497$393
26 years$1,503$1,132$841$617$448$350
27 years$1,432$1,066$781$564$404$312
28 years$1,366$1,004$726$517$364$278
29 years$1,305$947$675$474$329$248
30 years$1,248$895$629$435$297$222
31 years$1,194$846$586$400$269$198
32 years$1,145$800$547$367$243$177
33 years$1,098$758$511$338$220$158
34 years$1,054$718$477$311$199$141
35 years$1,013$681$446$286$180$127
36 years$974$647$417$263$163$113
37 years$937$614$391$243$148$101
38 years$902$584$366$224$134$91
39 years$869$555$343$206$122$81
40 years$838$528$321$190$110$73
41 years$809$503$301$176$100$65
42 years$780$479$283$162$91$58
43 years$754$456$265$150$83$52
44 years$728$435$249$138$75$47
45 years$704$415$234$128$68$42
46 years$681$395$220$118$62$38
47 years$659$377$206$109$56$34
48 years$638$360$194$101$51$30
49 years$618$344$182$93$46$27
50 years$599$329$171$86$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $613,000, adding $3,103 every year, while hoping to spend $37,282 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: 76/12/12 Blend
69$613,000$613,000$613,000$613,000
70$678,727$646,238$636,736$728,484
71$708,289$638,236$618,399$753,709
72$739,617$628,592$598,198$776,337
73$772,852$617,187$576,032$800,100
74$808,147$603,893$551,793$825,097
75$845,671$588,577$525,371$851,439
76$885,608$571,096$496,649$879,248
77$928,159$551,298$465,506$908,659
78$973,546$529,026$431,815$939,820
79$1,022,009$504,110$395,442$972,898
80$1,073,814$476,372$356,250$1,008,073
81$1,129,252$445,622$314,093$1,045,548
82$1,188,640$411,662$268,819$1,085,546
83$1,252,328$374,281$220,272$1,128,314
84$1,320,700$333,254$168,285$1,174,123
85$1,394,175$288,348$112,686$1,223,275
86$1,473,216$239,312$53,296$1,276,104
87$1,558,329$185,884$0$1,332,977
88$1,650,072$127,785$0$1,395,594
89$1,749,055$64,722$0$1,470,479
90$1,855,951$0$0$1,551,324
91$1,971,498$0$0$1,639,184
92$2,096,507$0$0$1,743,504
93$2,231,870$0$0$1,856,484
94$2,378,568$0$0$1,978,945
95$2,537,680$0$0$2,111,790
96$2,710,390$0$0$2,256,011
97$2,898,004$0$0$2,412,701
98$3,101,956$0$0$2,583,060
99$3,323,824$0$0$2,768,410
100$3,565,345$0$0$2,970,205