Can I retire at age 70 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$51,612$51,152$50,704$50,266$49,838$49,297
2 years$25,550$25,075$24,613$24,166$23,733$23,188
3 years$16,864$16,387$15,927$15,484$15,057$14,525
4 years$12,522$12,046$11,590$11,155$10,739$10,224
5 years$9,918$9,444$8,995$8,568$8,163$7,668
6 years$8,182$7,712$7,269$6,852$6,459$5,983
7 years$6,942$6,476$6,041$5,633$5,253$4,797
8 years$6,013$5,551$5,123$4,726$4,358$3,921
9 years$5,291$4,834$4,412$4,025$3,670$3,253
10 years$4,714$4,261$3,847$3,470$3,127$2,729
11 years$4,241$3,793$3,387$3,020$2,689$2,310
12 years$3,848$3,404$3,006$2,649$2,331$1,969
13 years$3,516$3,076$2,685$2,338$2,032$1,689
14 years$3,231$2,796$2,413$2,076$1,782$1,456
15 years$2,984$2,555$2,178$1,851$1,569$1,260
16 years$2,769$2,344$1,975$1,658$1,386$1,094
17 years$2,579$2,159$1,797$1,489$1,229$953
18 years$2,410$1,995$1,641$1,342$1,093$832
19 years$2,260$1,849$1,502$1,213$974$728
20 years$2,124$1,718$1,378$1,098$870$638
21 years$2,002$1,600$1,268$997$779$560
22 years$1,891$1,494$1,168$906$698$493
23 years$1,789$1,397$1,079$825$627$434
24 years$1,697$1,309$998$753$563$382
25 years$1,611$1,228$924$688$507$337
26 years$1,533$1,154$857$629$456$298
27 years$1,460$1,086$796$575$412$263
28 years$1,393$1,024$740$527$371$232
29 years$1,330$966$689$483$335$205
30 years$1,272$912$641$444$303$182
31 years$1,218$862$598$408$274$161
32 years$1,167$816$558$375$248$143
33 years$1,119$773$521$344$224$126
34 years$1,074$732$487$317$203$112
35 years$1,032$695$455$292$184$99
36 years$993$659$426$269$167$88
37 years$955$626$398$248$151$78
38 years$920$595$373$228$137$69
39 years$886$566$350$210$124$61
40 years$854$538$328$194$113$54
41 years$824$512$307$179$102$48
42 years$796$488$288$165$93$43
43 years$768$465$270$153$84$38
44 years$743$443$254$141$76$34
45 years$718$423$238$130$69$30
46 years$694$403$224$120$63$27
47 years$672$385$210$111$57$24
48 years$650$367$198$103$52$21
49 years$630$351$186$95$47$19
50 years$610$335$175$88$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $625,000, adding $6,952 every year, while hoping to spend $40,213 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: 67/26/7 Blend
69$625,000$625,000$625,000$625,000
70$695,921$662,796$653,108$741,248
71$724,119$652,487$632,201$761,911
72$753,845$640,324$609,246$778,994
73$785,212$626,176$584,131$796,594
74$818,346$609,900$556,741$814,757
75$853,380$591,348$526,955$833,532
76$890,461$570,361$494,644$852,976
77$929,751$546,771$459,678$873,153
78$971,425$520,402$421,917$894,135
79$1,015,675$491,067$381,216$916,001
80$1,062,712$458,567$337,424$938,842
81$1,112,764$422,693$290,384$962,758
82$1,166,084$383,222$239,929$987,865
83$1,222,947$339,923$185,889$1,014,288
84$1,283,654$292,546$128,083$1,042,170
85$1,348,537$240,830$66,324$1,071,671
86$1,417,957$184,500$415$1,102,968
87$1,492,311$123,264$0$1,136,262
88$1,572,036$56,813$0$1,176,996
89$1,657,610$0$0$1,220,569
90$1,749,557$0$0$1,271,586
91$1,848,452$0$0$1,343,969
92$1,954,929$0$0$1,421,929
93$2,069,682$0$0$1,505,979
94$2,193,473$0$0$1,596,682
95$2,327,140$0$0$1,694,654
96$2,471,604$0$0$1,800,575
97$2,627,877$0$0$1,915,192
98$2,797,071$0$0$2,039,324
99$2,980,409$0$0$2,173,875
100$3,179,236$0$0$2,319,837