Can I retire at age 70 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$52,025$51,561$51,109$50,668$50,237$48,864
2 years$25,755$25,275$24,810$24,360$23,922$22,549
3 years$16,999$16,518$16,054$15,607$15,177$13,847
4 years$12,622$12,142$11,683$11,244$10,825$9,547
5 years$9,997$9,520$9,067$8,637$8,229$7,008
6 years$8,247$7,773$7,327$6,907$6,511$5,348
7 years$6,998$6,528$6,089$5,678$5,295$4,190
8 years$6,061$5,596$5,164$4,764$4,393$3,344
9 years$5,333$4,872$4,448$4,057$3,699$2,707
10 years$4,751$4,295$3,878$3,498$3,152$2,214
11 years$4,275$3,823$3,414$3,044$2,711$1,827
12 years$3,879$3,432$3,030$2,670$2,349$1,517
13 years$3,544$3,101$2,707$2,357$2,049$1,266
14 years$3,257$2,819$2,432$2,092$1,796$1,061
15 years$3,008$2,575$2,196$1,866$1,581$893
16 years$2,791$2,363$1,991$1,671$1,397$753
17 years$2,600$2,176$1,812$1,501$1,239$637
18 years$2,430$2,011$1,654$1,353$1,102$540
19 years$2,278$1,863$1,514$1,222$982$458
20 years$2,141$1,732$1,389$1,107$877$390
21 years$2,018$1,613$1,278$1,005$785$332
22 years$1,906$1,506$1,178$914$704$282
23 years$1,804$1,408$1,088$832$632$241
24 years$1,710$1,319$1,006$759$568$205
25 years$1,624$1,238$932$693$511$175
26 years$1,545$1,164$864$634$460$150
27 years$1,472$1,095$802$580$415$128
28 years$1,404$1,032$746$531$374$110
29 years$1,341$973$694$487$338$94
30 years$1,282$919$646$447$305$80
31 years$1,228$869$603$411$276$69
32 years$1,176$822$562$378$250$59
33 years$1,128$779$525$347$226$50
34 years$1,083$738$491$319$205$43
35 years$1,041$700$459$294$185$37
36 years$1,001$664$429$271$168$32
37 years$963$631$402$250$152$27
38 years$927$600$376$230$138$23
39 years$893$570$352$212$125$20
40 years$861$543$330$196$114$17
41 years$831$517$310$180$103$15
42 years$802$492$290$167$93$12
43 years$775$469$273$154$85$11
44 years$749$447$256$142$77$9
45 years$724$426$240$131$70$8
46 years$700$406$226$121$63$7
47 years$677$388$212$112$58$6
48 years$656$370$199$103$52$5
49 years$635$354$187$96$48$4
50 years$615$338$176$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $630,000, adding $5,726 every year, while hoping to spend $49,973 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: 68/19/13 Blend
69$630,000$630,000$630,000$630,000
70$700,166$666,776$657,011$745,354
71$718,412$646,278$625,850$755,660
72$736,845$623,099$591,971$760,440
73$755,430$597,058$555,228$764,383
74$774,128$567,958$515,473$767,402
75$792,895$535,594$472,548$769,400
76$811,681$499,749$426,288$770,275
77$830,427$460,191$376,523$769,914
78$849,067$416,677$323,074$768,196
79$867,528$368,950$265,753$764,989
80$885,725$316,738$204,365$760,149
81$903,564$259,754$138,706$753,522
82$920,939$197,693$68,564$744,939
83$937,731$130,236$0$734,216
84$953,805$57,043$0$722,028
85$969,012$0$0$717,492
86$983,184$0$0$715,538
87$996,136$0$0$724,575
88$1,007,657$0$0$732,519
89$1,017,515$0$0$739,195
90$1,025,453$0$0$744,409
91$1,031,180$0$0$747,945
92$1,034,378$0$0$749,560
93$1,034,689$0$0$748,988
94$1,031,718$0$0$745,931
95$1,025,026$0$0$740,060
96$1,014,125$0$0$731,008
97$998,477$0$0$718,370
98$977,480$0$0$701,696
99$950,473$0$0$680,488
100$916,719$0$0$654,194