Can I retire at age 70 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$51,364$50,907$50,460$50,025$49,599$49,349
2 years$25,428$24,954$24,495$24,050$23,619$23,366
3 years$16,783$16,308$15,850$15,409$14,985$14,737
4 years$12,462$11,988$11,535$11,101$10,687$10,447
5 years$9,870$9,399$8,951$8,527$8,124$7,892
6 years$8,143$7,675$7,234$6,819$6,428$6,205
7 years$6,909$6,445$6,012$5,606$5,228$5,013
8 years$5,984$5,525$5,098$4,703$4,337$4,131
9 years$5,266$4,810$4,391$4,006$3,653$3,455
10 years$4,691$4,240$3,828$3,453$3,112$2,923
11 years$4,221$3,775$3,370$3,005$2,677$2,496
12 years$3,830$3,388$2,991$2,636$2,319$2,147
13 years$3,499$3,062$2,672$2,327$2,023$1,858
14 years$3,215$2,783$2,401$2,066$1,773$1,616
15 years$2,970$2,542$2,168$1,842$1,561$1,412
16 years$2,756$2,333$1,966$1,650$1,380$1,238
17 years$2,567$2,148$1,789$1,482$1,223$1,088
18 years$2,399$1,985$1,633$1,336$1,088$960
19 years$2,249$1,840$1,495$1,207$970$848
20 years$2,114$1,710$1,372$1,093$866$751
21 years$1,992$1,592$1,262$992$775$666
22 years$1,882$1,486$1,163$902$695$592
23 years$1,781$1,390$1,074$822$624$527
24 years$1,688$1,303$993$749$560$469
25 years$1,604$1,222$920$684$504$418
26 years$1,525$1,149$853$626$454$373
27 years$1,453$1,081$792$573$410$334
28 years$1,386$1,019$736$525$370$298
29 years$1,324$961$685$481$334$267
30 years$1,266$908$638$442$302$239
31 years$1,212$858$595$406$273$214
32 years$1,161$812$555$373$247$191
33 years$1,114$769$518$343$223$172
34 years$1,069$729$484$315$202$154
35 years$1,027$691$453$290$183$138
36 years$988$656$424$267$166$124
37 years$951$623$396$246$150$111
38 years$915$592$371$227$136$100
39 years$882$563$348$209$124$89
40 years$850$536$326$193$112$80
41 years$820$510$306$178$102$72
42 years$792$486$287$164$92$65
43 years$765$463$269$152$84$58
44 years$739$441$253$140$76$52
45 years$714$421$237$129$69$47
46 years$691$401$223$120$63$42
47 years$669$383$209$110$57$38
48 years$647$366$197$102$52$34
49 years$627$349$185$94$47$31
50 years$607$333$174$87$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $622,000, adding $6,373 every year, while hoping to spend $42,294 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: 59/30/11 Blend
69$622,000$622,000$622,000$622,000
70$692,018$659,052$649,411$730,651
71$717,603$646,345$626,166$744,697
72$744,381$631,598$600,724$754,685
73$772,427$614,666$572,968$764,552
74$801,826$595,396$542,774$774,288
75$832,669$573,626$510,013$783,888
76$865,052$549,185$474,550$793,346
77$899,083$521,891$436,243$802,658
78$934,878$491,552$394,945$811,822
79$972,563$457,965$350,503$820,841
80$1,012,275$420,916$302,756$829,716
81$1,054,163$380,178$251,534$838,454
82$1,098,391$335,510$196,664$847,068
83$1,145,137$286,660$137,963$855,571
84$1,194,594$233,359$75,237$863,984
85$1,246,975$175,326$8,290$872,333
86$1,302,509$112,260$0$880,651
87$1,361,452$43,847$0$896,392
88$1,424,078$0$0$913,711
89$1,490,690$0$0$941,706
90$1,561,620$0$0$986,956
91$1,637,229$0$0$1,035,222
92$1,717,914$0$0$1,086,760
93$1,804,111$0$0$1,141,852
94$1,896,295$0$0$1,200,807
95$1,994,988$0$0$1,263,964
96$2,100,765$0$0$1,331,694
97$2,214,253$0$0$1,404,405
98$2,336,142$0$0$1,482,544
99$2,467,189$0$0$1,566,602
100$2,608,225$0$0$1,657,119