Can I retire at age 70 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$51,282$50,825$50,379$49,944$49,519$48,440
2 years$25,387$24,914$24,456$24,012$23,581$22,499
3 years$16,757$16,282$15,825$15,384$14,961$13,910
4 years$12,442$11,969$11,516$11,084$10,670$9,659
5 years$9,854$9,384$8,937$8,513$8,111$7,142
6 years$8,129$7,662$7,222$6,808$6,418$5,492
7 years$6,898$6,435$6,002$5,597$5,220$4,337
8 years$5,975$5,516$5,090$4,695$4,330$3,490
9 years$5,257$4,803$4,384$4,000$3,647$2,849
10 years$4,683$4,233$3,822$3,448$3,107$2,351
11 years$4,214$3,769$3,365$3,000$2,672$1,957
12 years$3,824$3,383$2,986$2,632$2,316$1,640
13 years$3,493$3,057$2,668$2,323$2,019$1,381
14 years$3,210$2,779$2,397$2,063$1,770$1,169
15 years$2,965$2,538$2,164$1,839$1,559$993
16 years$2,751$2,329$1,962$1,647$1,377$846
17 years$2,563$2,145$1,786$1,480$1,221$723
18 years$2,395$1,982$1,630$1,334$1,086$619
19 years$2,245$1,837$1,492$1,205$968$531
20 years$2,111$1,707$1,370$1,091$865$456
21 years$1,989$1,590$1,260$991$774$393
22 years$1,879$1,484$1,161$901$694$338
23 years$1,778$1,388$1,072$820$623$291
24 years$1,686$1,300$991$748$560$251
25 years$1,601$1,220$918$683$504$217
26 years$1,523$1,147$852$625$454$188
27 years$1,451$1,079$791$572$409$162
28 years$1,384$1,017$735$524$369$140
29 years$1,322$960$684$480$333$121
30 years$1,264$906$637$441$301$105
31 years$1,210$857$594$405$272$91
32 years$1,160$811$554$372$246$79
33 years$1,112$768$518$342$223$68
34 years$1,068$728$484$315$202$59
35 years$1,026$690$452$290$183$51
36 years$986$655$423$267$166$44
37 years$949$622$396$246$150$38
38 years$914$591$371$227$136$33
39 years$881$562$347$209$123$29
40 years$849$535$326$193$112$25
41 years$819$509$305$178$102$22
42 years$791$485$286$164$92$19
43 years$764$462$269$152$84$16
44 years$738$440$252$140$76$14
45 years$713$420$237$129$69$12
46 years$690$401$222$119$63$11
47 years$668$382$209$110$57$9
48 years$646$365$196$102$52$8
49 years$626$349$185$94$47$7
50 years$606$333$174$87$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $621,000, adding $5,851 every year, while hoping to spend $35,285 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: 80/9/11 Blend
69$621,000$621,000$621,000$621,000
70$690,377$657,464$647,839$743,816
71$723,253$652,137$631,998$774,404
72$758,299$645,366$614,445$802,772
73$795,700$637,044$595,083$832,867
74$835,658$627,055$573,815$864,846
75$878,393$615,279$550,536$898,880
76$924,149$601,588$525,139$935,158
77$973,191$585,844$497,509$973,890
78$1,025,810$567,904$467,530$1,015,305
79$1,082,328$547,617$435,077$1,059,658
80$1,143,094$524,819$400,021$1,107,228
81$1,208,496$499,341$362,228$1,158,324
82$1,278,956$471,002$321,556$1,213,287
83$1,354,939$439,610$277,857$1,272,492
84$1,436,956$404,965$230,980$1,336,352
85$1,525,570$366,853$180,762$1,405,325
86$1,621,397$325,047$127,035$1,479,915
87$1,725,115$279,310$69,627$1,560,677
88$1,837,469$229,389$8,352$1,648,224
89$1,959,280$175,018$0$1,743,232
90$2,091,449$115,916$0$1,853,142
91$2,234,968$51,787$0$1,973,562
92$2,390,926$0$0$2,104,444
93$2,560,524$0$0$2,248,564
94$2,745,082$0$0$2,410,993
95$2,946,050$0$0$2,587,881
96$3,165,028$0$0$2,780,637
97$3,403,774$0$0$2,990,811
98$3,664,223$0$0$3,220,110
99$3,948,506$0$0$3,470,410
100$4,258,968$0$0$3,743,779