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%16.2%
1 years$51,612$51,152$50,704$50,266$49,838$48,574
2 years$25,550$25,075$24,613$24,166$23,733$22,467
3 years$16,864$16,387$15,927$15,484$15,057$13,830
4 years$12,522$12,046$11,590$11,155$10,739$9,560
5 years$9,918$9,444$8,995$8,568$8,163$7,035
6 years$8,182$7,712$7,269$6,852$6,459$5,383
7 years$6,942$6,476$6,041$5,633$5,253$4,230
8 years$6,013$5,551$5,123$4,726$4,358$3,386
9 years$5,291$4,834$4,412$4,025$3,670$2,749
10 years$4,714$4,261$3,847$3,470$3,127$2,256
11 years$4,241$3,793$3,387$3,020$2,689$1,867
12 years$3,848$3,404$3,006$2,649$2,331$1,555
13 years$3,516$3,076$2,685$2,338$2,032$1,302
14 years$3,231$2,796$2,413$2,076$1,782$1,096
15 years$2,984$2,555$2,178$1,851$1,569$925
16 years$2,769$2,344$1,975$1,658$1,386$783
17 years$2,579$2,159$1,797$1,489$1,229$665
18 years$2,410$1,995$1,641$1,342$1,093$565
19 years$2,260$1,849$1,502$1,213$974$482
20 years$2,124$1,718$1,378$1,098$870$411
21 years$2,002$1,600$1,268$997$779$351
22 years$1,891$1,494$1,168$906$698$300
23 years$1,789$1,397$1,079$825$627$257
24 years$1,697$1,309$998$753$563$220
25 years$1,611$1,228$924$688$507$189
26 years$1,533$1,154$857$629$456$162
27 years$1,460$1,086$796$575$412$139
28 years$1,393$1,024$740$527$371$119
29 years$1,330$966$689$483$335$102
30 years$1,272$912$641$444$303$88
31 years$1,218$862$598$408$274$76
32 years$1,167$816$558$375$248$65
33 years$1,119$773$521$344$224$56
34 years$1,074$732$487$317$203$48
35 years$1,032$695$455$292$184$41
36 years$993$659$426$269$167$36
37 years$955$626$398$248$151$31
38 years$920$595$373$228$137$26
39 years$886$566$350$210$124$23
40 years$854$538$328$194$113$19
41 years$824$512$307$179$102$17
42 years$796$488$288$165$93$14
43 years$768$465$270$153$84$12
44 years$743$443$254$141$76$11
45 years$718$423$238$130$69$9
46 years$694$403$224$120$63$8
47 years$672$385$210$111$57$7
48 years$650$367$198$103$52$6
49 years$630$351$186$95$47$5
50 years$610$335$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $625,000, adding $3,807 every year, while hoping to spend $46,805 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: 44/34/22 Blend
69$625,000$625,000$625,000$625,000
70$692,677$659,552$649,864$718,590
71$713,530$642,070$621,835$719,795
72$734,941$622,162$591,297$716,242
73$756,918$599,661$558,119$711,440
74$779,468$574,389$522,160$705,299
75$802,596$546,156$483,274$697,722
76$826,307$514,764$441,310$688,603
77$850,604$480,002$396,109$677,835
78$875,491$441,647$347,503$665,302
79$900,967$399,464$295,321$650,879
80$927,031$353,203$239,379$634,437
81$953,680$302,601$179,490$615,836
82$980,908$247,381$115,456$594,932
83$1,008,707$187,249$47,070$571,567
84$1,037,065$121,895$0$545,578
85$1,065,968$50,990$0$522,870
86$1,095,397$0$0$509,365
87$1,125,330$0$0$503,515
88$1,155,740$0$0$516,933
89$1,186,594$0$0$530,524
90$1,217,854$0$0$544,269
91$1,249,474$0$0$558,144
92$1,281,402$0$0$572,123
93$1,313,579$0$0$586,175
94$1,345,934$0$0$600,264
95$1,378,387$0$0$614,352
96$1,410,849$0$0$628,390
97$1,443,215$0$0$642,330
98$1,475,370$0$0$656,111
99$1,507,180$0$0$669,668
100$1,538,496$0$0$682,927