Can I retire at age 70 with 618,000?

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 $618,000?

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$51,034$50,579$50,136$49,703$49,280$48,990
2 years$25,264$24,794$24,338$23,896$23,467$23,174
3 years$16,676$16,203$15,748$15,310$14,888$14,602
4 years$12,382$11,911$11,461$11,030$10,618$10,341
5 years$9,807$9,338$8,894$8,472$8,072$7,804
6 years$8,090$7,625$7,188$6,775$6,387$6,129
7 years$6,865$6,404$5,973$5,570$5,194$4,946
8 years$5,946$5,489$5,066$4,673$4,309$4,071
9 years$5,232$4,779$4,363$3,980$3,629$3,401
10 years$4,661$4,213$3,804$3,431$3,092$2,874
11 years$4,194$3,750$3,349$2,986$2,659$2,451
12 years$3,805$3,366$2,972$2,619$2,305$2,105
13 years$3,476$3,042$2,655$2,312$2,010$1,820
14 years$3,195$2,765$2,386$2,053$1,762$1,581
15 years$2,951$2,526$2,154$1,831$1,551$1,379
16 years$2,738$2,318$1,953$1,639$1,371$1,207
17 years$2,550$2,134$1,777$1,473$1,215$1,060
18 years$2,383$1,972$1,622$1,327$1,081$934
19 years$2,234$1,828$1,485$1,199$963$824
20 years$2,100$1,699$1,363$1,086$860$729
21 years$1,979$1,582$1,254$986$770$646
22 years$1,869$1,477$1,155$896$690$573
23 years$1,769$1,381$1,067$816$620$509
24 years$1,678$1,294$987$744$557$452
25 years$1,593$1,215$914$680$501$403
26 years$1,516$1,141$848$622$451$359
27 years$1,444$1,074$787$569$407$320
28 years$1,377$1,012$732$521$367$286
29 years$1,316$955$681$478$332$255
30 years$1,258$902$634$439$300$228
31 years$1,204$853$591$403$271$204
32 years$1,154$807$552$370$245$182
33 years$1,107$764$515$341$222$163
34 years$1,062$724$481$313$201$146
35 years$1,021$687$450$288$182$131
36 years$982$652$421$266$165$117
37 years$944$619$394$245$149$105
38 years$909$588$369$226$135$94
39 years$876$559$346$208$123$84
40 years$845$532$324$192$111$75
41 years$815$507$304$177$101$68
42 years$787$483$285$163$92$61
43 years$760$460$267$151$83$54
44 years$734$438$251$139$76$49
45 years$710$418$236$129$69$44
46 years$687$399$221$119$62$39
47 years$664$380$208$110$57$35
48 years$643$363$195$101$51$32
49 years$623$347$184$94$47$28
50 years$603$331$173$87$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $618,000, adding $3,631 every year, while hoping to spend $20,165 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: 62/11/27 Blend
69$618,000$618,000$618,000$618,000
70$684,781$652,027$642,448$722,089
71$733,174$662,521$642,515$758,339
72$785,826$672,854$641,908$795,389
73$843,152$682,995$640,584$835,411
74$905,606$692,914$638,496$878,700
75$973,689$702,578$635,596$925,580
76$1,047,951$711,950$631,834$976,410
77$1,128,998$720,992$627,157$1,031,584
78$1,217,498$729,663$621,509$1,091,539
79$1,314,186$737,919$614,832$1,156,754
80$1,419,869$745,714$607,066$1,227,761
81$1,535,439$752,997$598,146$1,305,143
82$1,661,875$759,715$588,005$1,389,547
83$1,800,257$765,812$576,574$1,481,683
84$1,951,774$771,227$563,779$1,582,336
85$2,117,733$775,896$549,545$1,692,371
86$2,299,578$779,750$533,790$1,812,744
87$2,498,894$782,717$516,431$1,944,507
88$2,717,430$784,720$497,381$2,088,821
89$2,957,112$785,675$476,547$2,246,967
90$3,220,061$785,496$453,835$2,420,357
91$3,508,612$784,090$429,143$2,610,549
92$3,825,338$781,359$402,367$2,819,260
93$4,173,074$777,197$373,398$3,048,384
94$4,554,942$771,494$342,122$3,300,010
95$4,974,382$764,133$308,418$3,576,441
96$5,435,182$754,988$272,163$3,880,216
97$5,941,515$743,928$233,226$4,214,136
98$6,497,981$730,812$191,470$4,581,288
99$7,109,646$715,491$146,755$4,985,077
100$7,782,089$697,810$98,930$5,429,257