Can I retire at age 70 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$51,694$51,234$50,785$50,346$49,918$49,645
2 years$25,591$25,115$24,653$24,205$23,771$23,495
3 years$16,891$16,413$15,952$15,508$15,081$14,812
4 years$12,542$12,065$11,609$11,173$10,756$10,495
5 years$9,934$9,459$9,009$8,582$8,176$7,924
6 years$8,195$7,724$7,281$6,863$6,470$6,227
7 years$6,954$6,487$6,050$5,642$5,262$5,028
8 years$6,023$5,560$5,131$4,733$4,365$4,141
9 years$5,299$4,841$4,419$4,032$3,676$3,461
10 years$4,721$4,267$3,853$3,475$3,132$2,926
11 years$4,248$3,799$3,392$3,025$2,694$2,497
12 years$3,854$3,410$3,010$2,653$2,334$2,146
13 years$3,521$3,081$2,690$2,342$2,036$1,856
14 years$3,236$2,801$2,417$2,079$1,784$1,614
15 years$2,989$2,559$2,182$1,854$1,571$1,409
16 years$2,773$2,348$1,978$1,660$1,389$1,234
17 years$2,583$2,162$1,800$1,492$1,231$1,085
18 years$2,414$1,998$1,643$1,344$1,095$956
19 years$2,263$1,852$1,504$1,215$976$844
20 years$2,128$1,721$1,381$1,100$872$747
21 years$2,005$1,603$1,270$998$780$662
22 years$1,894$1,496$1,170$908$699$588
23 years$1,792$1,399$1,081$827$628$523
24 years$1,699$1,311$999$754$564$465
25 years$1,614$1,230$926$689$508$415
26 years$1,535$1,156$858$630$457$370
27 years$1,463$1,088$797$576$412$330
28 years$1,395$1,025$741$528$372$295
29 years$1,333$967$690$484$336$263
30 years$1,274$914$642$444$303$235
31 years$1,220$864$599$408$274$211
32 years$1,169$817$559$375$248$189
33 years$1,121$774$522$345$225$169
34 years$1,076$733$487$317$203$151
35 years$1,034$696$456$292$184$136
36 years$994$660$426$269$167$121
37 years$957$627$399$248$151$109
38 years$921$596$374$229$137$98
39 years$888$567$350$211$124$88
40 years$856$539$328$194$113$79
41 years$826$513$308$179$102$70
42 years$797$489$289$165$93$63
43 years$770$466$271$153$84$57
44 years$744$444$254$141$76$51
45 years$719$423$239$130$69$46
46 years$695$404$224$120$63$41
47 years$673$385$211$111$57$37
48 years$651$368$198$103$52$33
49 years$631$351$186$95$47$30
50 years$611$336$175$88$43$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $626,000, adding $5,154 every year, while hoping to spend $58,717 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: 75/7/18 Blend
69$626,000$626,000$626,000$626,000
70$695,168$661,990$652,287$744,055
71$703,601$631,953$611,665$747,089
72$710,926$598,477$567,713$742,678
73$716,968$561,330$520,259$736,290
74$721,533$520,269$469,121$727,715
75$724,403$475,036$414,111$716,718
76$725,338$425,359$355,030$703,043
77$724,071$370,949$291,671$686,412
78$720,304$311,504$223,820$666,514
79$713,707$246,700$151,251$643,014
80$703,916$176,198$73,728$615,540
81$690,524$99,641$0$583,685
82$673,083$16,649$0$548,732
83$651,094$0$0$523,685
84$624,008$0$0$499,521
85$591,214$0$0$471,905
86$552,036$0$0$438,998
87$505,729$0$0$400,181
88$451,466$0$0$354,772
89$388,334$0$0$302,015
90$315,324$0$0$241,076
91$231,319$0$0$171,030
92$135,086$0$0$90,858
93$25,263$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0