Can I retire at age 70 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$50,951$50,497$50,055$49,622$49,200$48,505
2 years$25,223$24,754$24,298$23,857$23,429$22,730
3 years$16,649$16,177$15,723$15,285$14,864$14,183
4 years$12,362$11,892$11,442$11,012$10,601$9,943
5 years$9,791$9,323$8,880$8,458$8,059$7,426
6 years$8,077$7,613$7,176$6,764$6,377$5,769
7 years$6,854$6,393$5,963$5,561$5,186$4,605
8 years$5,936$5,480$5,057$4,665$4,302$3,747
9 years$5,223$4,772$4,356$3,974$3,623$3,093
10 years$4,653$4,206$3,798$3,425$3,087$2,583
11 years$4,187$3,744$3,343$2,981$2,655$2,175
12 years$3,799$3,361$2,967$2,615$2,301$1,845
13 years$3,471$3,037$2,651$2,309$2,006$1,574
14 years$3,190$2,761$2,382$2,049$1,759$1,350
15 years$2,946$2,522$2,150$1,828$1,549$1,162
16 years$2,734$2,314$1,950$1,636$1,369$1,003
17 years$2,546$2,131$1,774$1,470$1,213$869
18 years$2,380$1,969$1,620$1,325$1,079$754
19 years$2,231$1,825$1,483$1,197$962$656
20 years$2,097$1,696$1,361$1,084$859$572
21 years$1,976$1,580$1,252$984$769$499
22 years$1,866$1,474$1,154$895$689$436
23 years$1,766$1,379$1,065$815$619$382
24 years$1,675$1,292$985$743$556$334
25 years$1,591$1,213$912$679$500$293
26 years$1,513$1,140$846$621$451$257
27 years$1,442$1,072$786$568$406$226
28 years$1,375$1,011$730$520$367$198
29 years$1,313$953$680$477$331$174
30 years$1,256$900$633$438$299$153
31 years$1,202$851$590$402$270$135
32 years$1,152$805$551$370$245$118
33 years$1,105$763$514$340$221$104
34 years$1,061$723$480$313$200$92
35 years$1,019$686$449$288$182$81
36 years$980$651$420$265$164$71
37 years$943$618$393$244$149$63
38 years$908$587$368$225$135$55
39 years$875$559$345$208$123$49
40 years$844$531$323$192$111$43
41 years$814$506$303$177$101$38
42 years$786$482$284$163$92$33
43 years$759$459$267$151$83$29
44 years$733$438$251$139$75$26
45 years$709$417$235$128$68$23
46 years$685$398$221$119$62$20
47 years$663$380$208$110$56$18
48 years$642$363$195$101$51$16
49 years$622$346$183$94$47$14
50 years$602$331$172$86$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $617,000, adding $3,352 every year, while hoping to spend $22,489 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: 52/19/29 Blend
69$617,000$617,000$617,000$617,000
70$683,392$650,691$641,127$713,206
71$729,169$658,646$638,677$742,263
72$778,863$666,238$635,391$771,322
73$832,848$673,424$631,217$802,495
74$891,537$680,161$626,101$835,993
75$955,385$686,400$619,987$872,052
76$1,024,892$692,092$612,815$910,929
77$1,100,609$697,183$604,522$952,910
78$1,183,142$701,615$595,044$998,312
79$1,273,156$705,327$584,311$1,047,485
80$1,371,385$708,256$572,253$1,100,814
81$1,478,638$710,332$558,795$1,158,725
82$1,595,802$711,482$543,858$1,221,692
83$1,723,857$711,627$527,361$1,290,233
84$1,863,880$710,687$509,217$1,364,925
85$2,017,058$708,572$489,337$1,446,404
86$2,184,695$705,190$467,628$1,535,370
87$2,368,232$700,442$443,991$1,632,600
88$2,569,252$694,224$418,325$1,738,950
89$2,789,498$686,423$390,522$1,855,364
90$3,030,893$676,924$360,470$1,982,887
91$3,295,551$665,600$328,052$2,122,672
92$3,585,802$652,320$293,147$2,275,990
93$3,904,213$636,943$255,627$2,444,247
94$4,253,612$619,322$215,359$2,628,992
95$4,637,110$599,298$172,204$2,831,938
96$5,058,139$576,708$126,017$3,054,973
97$5,520,476$551,373$76,645$3,300,182
98$6,028,283$523,109$23,931$3,569,865
99$6,586,146$491,719$0$3,866,561
100$7,199,114$456,994$0$4,203,074