Can I retire at age 70 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$52,603$52,134$51,677$51,231$50,795$50,454
2 years$26,041$25,556$25,086$24,630$24,188$23,844
3 years$17,188$16,701$16,232$15,781$15,346$15,010
4 years$12,763$12,277$11,813$11,369$10,945$10,619
5 years$10,108$9,625$9,167$8,733$8,320$8,005
6 years$8,339$7,860$7,409$6,984$6,583$6,280
7 years$7,076$6,601$6,157$5,742$5,354$5,063
8 years$6,129$5,658$5,221$4,816$4,442$4,162
9 years$5,393$4,926$4,497$4,103$3,741$3,473
10 years$4,804$4,342$3,921$3,536$3,187$2,931
11 years$4,323$3,866$3,452$3,078$2,741$2,497
12 years$3,922$3,470$3,063$2,700$2,375$2,142
13 years$3,583$3,136$2,737$2,383$2,071$1,849
14 years$3,293$2,850$2,459$2,116$1,816$1,604
15 years$3,042$2,604$2,220$1,887$1,599$1,398
16 years$2,822$2,389$2,013$1,689$1,413$1,222
17 years$2,629$2,200$1,832$1,518$1,253$1,072
18 years$2,457$2,033$1,672$1,368$1,114$942
19 years$2,303$1,884$1,531$1,236$993$831
20 years$2,165$1,751$1,405$1,120$887$733
21 years$2,040$1,631$1,292$1,016$794$649
22 years$1,927$1,522$1,191$924$711$575
23 years$1,824$1,424$1,100$841$639$510
24 years$1,729$1,334$1,017$767$574$453
25 years$1,642$1,252$942$701$516$402
26 years$1,562$1,177$874$641$465$358
27 years$1,488$1,107$811$586$419$319
28 years$1,420$1,043$754$537$378$284
29 years$1,356$984$702$493$342$253
30 years$1,297$930$654$452$309$226
31 years$1,241$879$609$415$279$202
32 years$1,189$831$569$382$253$180
33 years$1,141$787$531$351$229$161
34 years$1,095$746$496$323$207$144
35 years$1,052$708$464$297$187$128
36 years$1,012$672$434$274$170$115
37 years$974$638$406$252$154$103
38 years$937$606$380$233$140$92
39 years$903$577$356$214$127$82
40 years$871$549$334$198$115$73
41 years$840$522$313$182$104$66
42 years$811$497$294$168$94$59
43 years$783$474$276$155$86$53
44 years$757$452$259$144$78$47
45 years$732$431$243$133$71$42
46 years$708$411$228$122$64$38
47 years$685$392$214$113$58$34
48 years$663$374$201$105$53$30
49 years$642$357$189$97$48$27
50 years$622$341$178$89$44$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $637,000, adding $5,921 every year, while hoping to spend $53,658 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: 60/34/6 Blend
69$637,000$637,000$637,000$637,000
70$708,082$674,321$664,447$749,401
71$723,214$650,271$629,614$753,717
72$738,092$623,244$591,816$751,715
73$752,632$593,038$550,897$748,166
74$766,742$559,438$506,693$742,923
75$780,317$522,218$459,035$735,827
76$793,241$481,138$407,745$726,703
77$805,384$435,946$352,636$715,364
78$816,598$386,373$293,515$701,605
79$826,723$332,136$230,179$685,206
80$835,574$272,937$162,416$665,927
81$842,952$208,459$90,005$643,508
82$848,629$138,371$12,717$617,667
83$852,357$62,318$0$588,099
84$853,855$0$0$558,936
85$852,814$0$0$534,021
86$848,891$0$0$530,487
87$841,704$0$0$524,764
88$830,831$0$0$516,574
89$815,801$0$0$505,604
90$796,096$0$0$491,510
91$771,138$0$0$473,910
92$740,291$0$0$452,381
93$702,848$0$0$426,455
94$658,028$0$0$395,614
95$604,966$0$0$359,287
96$542,707$0$0$316,838
97$470,191$0$0$267,568
98$386,252$0$0$210,702
99$289,595$0$0$145,385
100$178,794$0$0$70,672