Can I retire at age 70 with 634,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$52,355$51,889$51,434$50,990$50,556$49,334
2 years$25,918$25,436$24,968$24,514$24,074$22,850
3 years$17,107$16,622$16,156$15,707$15,274$14,086
4 years$12,703$12,219$11,757$11,316$10,893$9,751
5 years$10,060$9,580$9,124$8,692$8,281$7,188
6 years$8,300$7,823$7,374$6,951$6,552$5,509
7 years$7,042$6,570$6,128$5,715$5,329$4,336
8 years$6,100$5,631$5,197$4,794$4,421$3,477
9 years$5,367$4,903$4,476$4,083$3,723$2,828
10 years$4,781$4,322$3,902$3,520$3,172$2,325
11 years$4,302$3,848$3,435$3,063$2,728$1,928
12 years$3,904$3,453$3,049$2,687$2,364$1,609
13 years$3,566$3,121$2,724$2,372$2,062$1,350
14 years$3,278$2,837$2,447$2,106$1,807$1,138
15 years$3,027$2,591$2,210$1,878$1,591$963
16 years$2,809$2,378$2,003$1,681$1,406$817
17 years$2,616$2,190$1,823$1,511$1,247$695
18 years$2,445$2,023$1,664$1,362$1,109$592
19 years$2,292$1,875$1,524$1,230$988$506
20 years$2,155$1,743$1,398$1,114$883$433
21 years$2,031$1,623$1,286$1,011$790$371
22 years$1,918$1,515$1,185$919$708$318
23 years$1,815$1,417$1,094$837$636$273
24 years$1,721$1,328$1,012$764$571$234
25 years$1,635$1,246$937$697$514$201
26 years$1,555$1,171$869$638$463$173
27 years$1,481$1,102$807$584$417$149
28 years$1,413$1,038$751$535$377$128
29 years$1,350$980$698$490$340$110
30 years$1,291$925$651$450$307$95
31 years$1,235$875$607$413$278$82
32 years$1,184$828$566$380$251$70
33 years$1,135$784$528$349$227$61
34 years$1,090$743$494$321$206$52
35 years$1,047$705$462$296$187$45
36 years$1,007$669$432$273$169$39
37 years$969$635$404$251$153$34
38 years$933$604$378$231$139$29
39 years$899$574$355$213$126$25
40 years$867$546$332$197$114$21
41 years$836$520$312$182$104$19
42 years$807$495$292$168$94$16
43 years$780$472$274$155$85$14
44 years$753$450$257$143$77$12
45 years$728$429$242$132$70$10
46 years$704$409$227$122$64$9
47 years$682$390$213$113$58$8
48 years$660$373$200$104$53$7
49 years$639$356$188$96$48$6
50 years$619$340$177$89$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $634,000, adding $5,434 every year, while hoping to spend $34,406 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: 23/50/27 Blend
69$634,000$634,000$634,000$634,000
70$704,273$670,671$660,844$714,358
71$739,501$666,926$646,375$719,691
72$777,170$661,845$630,267$722,145
73$817,491$655,325$612,431$724,035
74$860,697$647,259$592,770$725,339
75$907,046$637,531$571,185$726,034
76$956,816$626,022$547,572$726,097
77$1,010,316$612,602$521,820$725,510
78$1,067,885$597,136$493,818$724,254
79$1,129,892$579,479$463,444$722,315
80$1,196,747$559,479$430,575$719,683
81$1,268,896$536,975$395,080$716,348
82$1,346,832$511,795$356,824$712,310
83$1,431,096$483,760$315,664$707,570
84$1,522,281$452,678$271,453$702,137
85$1,621,042$418,347$224,034$696,029
86$1,728,096$380,553$173,247$689,270
87$1,844,233$339,072$118,922$681,895
88$1,970,322$293,664$60,883$673,949
89$2,107,319$244,077$0$665,493
90$2,256,274$190,045$0$656,901
91$2,418,344$131,287$0$666,699
92$2,594,800$67,506$0$677,495
93$2,787,044$0$0$689,477
94$2,996,614$0$0$703,750
95$3,225,208$0$0$759,932
96$3,474,691$0$0$821,354
97$3,747,117$0$0$888,534
98$4,044,748$0$0$962,043
99$4,370,074$0$0$1,042,511
100$4,725,834$0$0$1,130,631