Can I retire at age 70 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$52,685$52,216$51,758$51,311$50,875$50,198
2 years$26,082$25,596$25,125$24,669$24,226$23,545
3 years$17,215$16,727$16,258$15,806$15,370$14,706
4 years$12,783$12,296$11,832$11,387$10,962$10,320
5 years$10,124$9,641$9,182$8,746$8,333$7,716
6 years$8,352$7,872$7,420$6,995$6,594$6,001
7 years$7,087$6,611$6,166$5,751$5,363$4,795
8 years$6,138$5,667$5,229$4,824$4,449$3,906
9 years$5,401$4,934$4,504$4,109$3,746$3,229
10 years$4,812$4,349$3,927$3,542$3,192$2,699
11 years$4,330$3,872$3,457$3,083$2,745$2,276
12 years$3,928$3,475$3,068$2,704$2,379$1,933
13 years$3,589$3,140$2,741$2,387$2,075$1,652
14 years$3,298$2,855$2,463$2,119$1,819$1,418
15 years$3,047$2,608$2,224$1,890$1,601$1,222
16 years$2,827$2,393$2,016$1,692$1,415$1,057
17 years$2,633$2,203$1,835$1,520$1,255$916
18 years$2,461$2,036$1,675$1,370$1,116$797
19 years$2,307$1,887$1,533$1,238$994$694
20 years$2,168$1,754$1,407$1,121$888$606
21 years$2,043$1,633$1,294$1,018$795$530
22 years$1,930$1,525$1,193$925$713$463
23 years$1,827$1,426$1,101$843$640$406
24 years$1,732$1,336$1,019$769$575$356
25 years$1,645$1,254$943$702$517$313
26 years$1,565$1,178$875$642$466$275
27 years$1,491$1,109$812$587$420$242
28 years$1,422$1,045$755$538$379$212
29 years$1,358$986$703$494$342$187
30 years$1,299$931$655$453$309$165
31 years$1,243$880$610$416$280$145
32 years$1,191$833$569$382$253$128
33 years$1,143$789$532$352$229$113
34 years$1,097$747$497$323$207$99
35 years$1,054$709$464$298$188$88
36 years$1,013$673$435$274$170$77
37 years$975$639$407$253$154$68
38 years$939$607$381$233$140$60
39 years$905$578$357$215$127$53
40 years$872$549$334$198$115$47
41 years$841$523$314$183$104$41
42 years$812$498$294$169$95$36
43 years$784$475$276$156$86$32
44 years$758$452$259$144$78$28
45 years$733$431$243$133$71$25
46 years$709$412$229$123$64$22
47 years$686$393$215$113$58$20
48 years$664$375$202$105$53$17
49 years$643$358$190$97$48$15
50 years$623$342$178$89$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $638,000, adding $4,529 every year, while hoping to spend $36,042 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: 72/17/11 Blend
69$638,000$638,000$638,000$638,000
70$707,748$673,934$664,045$756,831
71$741,590$668,608$647,942$784,578
72$777,675$661,813$630,091$810,072
73$816,196$653,440$610,397$837,010
74$857,360$643,371$588,758$865,526
75$901,397$631,482$565,068$895,767
76$948,559$617,644$539,216$927,897
77$999,120$601,717$511,089$962,097
78$1,053,384$583,555$480,563$998,567
79$1,111,682$563,001$447,515$1,037,528
80$1,174,378$539,893$411,811$1,079,226
81$1,241,871$514,055$373,314$1,123,931
82$1,314,603$485,304$331,880$1,171,942
83$1,393,053$453,445$287,360$1,223,590
84$1,477,753$418,272$239,595$1,279,242
85$1,569,285$379,568$188,422$1,339,301
86$1,668,288$337,103$133,670$1,404,216
87$1,775,465$290,634$75,160$1,474,481
88$1,891,591$239,903$12,706$1,550,643
89$2,017,515$184,640$0$1,633,305
90$2,154,172$124,558$0$1,729,467
91$2,302,591$59,354$0$1,835,539
92$2,463,902$0$0$1,950,869
93$2,639,350$0$0$2,078,494
94$2,830,304$0$0$2,229,511
95$3,038,270$0$0$2,394,010
96$3,264,905$0$0$2,573,306
97$3,512,034$0$0$2,768,847
98$3,781,665$0$0$2,982,224
99$4,076,008$0$0$3,215,191
100$4,397,495$0$0$3,469,677