Can I retire at age 70 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$52,768$52,298$51,839$51,392$50,955$50,049
2 years$26,123$25,636$25,165$24,708$24,264$23,355
3 years$17,242$16,754$16,283$15,830$15,394$14,509
4 years$12,803$12,316$11,850$11,405$10,979$10,126
5 years$10,140$9,656$9,196$8,760$8,346$7,527
6 years$8,365$7,885$7,432$7,005$6,604$5,819
7 years$7,098$6,621$6,176$5,760$5,371$4,621
8 years$6,148$5,676$5,238$4,832$4,456$3,741
9 years$5,410$4,942$4,511$4,115$3,752$3,072
10 years$4,819$4,356$3,933$3,548$3,197$2,551
11 years$4,336$3,878$3,463$3,087$2,750$2,136
12 years$3,934$3,481$3,073$2,708$2,383$1,802
13 years$3,594$3,145$2,745$2,391$2,078$1,528
14 years$3,303$2,859$2,467$2,122$1,821$1,302
15 years$3,051$2,612$2,227$1,893$1,604$1,114
16 years$2,831$2,396$2,019$1,695$1,417$956
17 years$2,637$2,207$1,837$1,523$1,257$823
18 years$2,464$2,039$1,677$1,372$1,117$709
19 years$2,310$1,890$1,536$1,240$996$613
20 years$2,172$1,756$1,409$1,123$890$531
21 years$2,047$1,636$1,296$1,019$796$460
22 years$1,933$1,527$1,195$927$714$399
23 years$1,829$1,428$1,103$844$641$347
24 years$1,735$1,338$1,020$770$576$302
25 years$1,647$1,256$945$703$518$263
26 years$1,567$1,180$876$643$467$229
27 years$1,493$1,111$814$588$421$199
28 years$1,424$1,047$756$539$380$174
29 years$1,360$987$704$494$343$152
30 years$1,301$932$656$454$310$132
31 years$1,245$882$611$417$280$115
32 years$1,193$834$570$383$253$101
33 years$1,144$790$533$352$229$88
34 years$1,099$749$498$324$208$77
35 years$1,055$710$465$298$188$67
36 years$1,015$674$435$275$170$59
37 years$977$640$407$253$154$51
38 years$940$608$381$233$140$45
39 years$906$578$357$215$127$39
40 years$874$550$335$198$115$34
41 years$843$524$314$183$104$30
42 years$814$499$295$169$95$26
43 years$786$475$276$156$86$23
44 years$759$453$260$144$78$20
45 years$734$432$244$133$71$18
46 years$710$412$229$123$64$15
47 years$687$393$215$113$58$13
48 years$665$376$202$105$53$12
49 years$644$359$190$97$48$10
50 years$624$343$179$90$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $639,000, adding $2,499 every year, while hoping to spend $37,949 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: 71/23/6 Blend
69$639,000$639,000$639,000$639,000
70$706,756$672,889$662,984$756,218
71$738,467$665,483$644,817$781,798
72$772,142$656,442$624,769$804,830
73$807,939$645,647$602,737$828,980
74$846,034$632,969$578,614$854,348
75$886,619$618,274$552,287$881,044
76$929,904$601,419$523,639$909,191
77$976,118$582,253$492,545$938,925
78$1,025,515$560,615$458,878$970,397
79$1,078,370$536,338$422,502$1,003,774
80$1,134,985$509,240$383,278$1,039,241
81$1,195,694$479,134$341,059$1,077,003
82$1,260,862$445,817$295,690$1,117,289
83$1,330,887$409,080$247,013$1,160,349
84$1,406,209$368,697$194,860$1,206,463
85$1,487,311$324,431$139,056$1,255,942
86$1,574,722$276,033$79,420$1,309,127
87$1,669,023$223,239$15,760$1,366,399
88$1,770,854$165,768$0$1,428,177
89$1,880,917$103,326$0$1,498,268
90$1,999,983$35,602$0$1,575,141
91$2,128,901$0$0$1,658,370
92$2,268,604$0$0$1,758,151
93$2,420,118$0$0$1,876,167
94$2,584,569$0$0$2,004,290
95$2,763,199$0$0$2,143,488
96$2,957,371$0$0$2,294,830
97$3,168,587$0$0$2,459,489
98$3,398,499$0$0$2,638,757
99$3,648,923$0$0$2,834,055
100$3,921,860$0$0$3,046,946