Can I retire at age 70 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$52,933$52,462$52,002$51,553$51,114$50,082
2 years$26,205$25,717$25,244$24,785$24,340$23,305
3 years$17,296$16,806$16,334$15,880$15,442$14,436
4 years$12,843$12,354$11,887$11,441$11,014$10,044
5 years$10,172$9,686$9,225$8,787$8,372$7,443
6 years$8,391$7,909$7,455$7,027$6,625$5,736
7 years$7,120$6,642$6,195$5,778$5,388$4,539
8 years$6,167$5,694$5,254$4,847$4,470$3,662
9 years$5,426$4,957$4,525$4,128$3,764$2,996
10 years$4,834$4,370$3,945$3,559$3,207$2,479
11 years$4,350$3,890$3,473$3,097$2,758$2,068
12 years$3,947$3,491$3,083$2,717$2,390$1,738
13 years$3,606$3,155$2,754$2,398$2,084$1,468
14 years$3,314$2,868$2,474$2,129$1,827$1,246
15 years$3,061$2,620$2,234$1,899$1,609$1,061
16 years$2,840$2,404$2,026$1,700$1,422$907
17 years$2,645$2,214$1,843$1,527$1,261$777
18 years$2,472$2,046$1,683$1,377$1,121$667
19 years$2,318$1,896$1,540$1,244$999$574
20 years$2,179$1,762$1,414$1,127$892$495
21 years$2,053$1,641$1,300$1,022$799$427
22 years$1,939$1,532$1,198$930$716$369
23 years$1,835$1,433$1,107$847$643$319
24 years$1,740$1,342$1,023$772$578$276
25 years$1,653$1,260$948$705$520$239
26 years$1,572$1,184$879$645$468$207
27 years$1,498$1,114$816$590$422$180
28 years$1,429$1,050$759$541$381$156
29 years$1,365$990$706$496$344$135
30 years$1,305$935$658$455$311$118
31 years$1,249$884$613$418$281$102
32 years$1,197$837$572$384$254$89
33 years$1,148$792$534$353$230$77
34 years$1,102$751$499$325$208$67
35 years$1,059$712$467$299$189$58
36 years$1,018$676$437$276$171$51
37 years$980$642$409$254$155$44
38 years$943$610$383$234$140$38
39 years$909$580$358$216$127$33
40 years$876$552$336$199$115$29
41 years$845$526$315$184$105$25
42 years$816$500$296$169$95$22
43 years$788$477$277$156$86$19
44 years$762$455$260$144$78$17
45 years$736$433$244$133$71$14
46 years$712$414$230$123$65$13
47 years$689$395$216$114$59$11
48 years$667$377$203$105$53$10
49 years$646$360$191$97$48$8
50 years$626$344$179$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $641,000, adding $5,282 every year, while hoping to spend $37,938 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: 72/8/20 Blend
69$641,000$641,000$641,000$641,000
70$711,830$677,857$667,922$759,282
71$744,071$670,707$649,932$784,396
72$778,329$661,934$630,067$806,842
73$814,770$651,420$608,225$830,469
74$853,575$639,038$584,299$855,387
75$894,942$624,653$558,176$881,720
76$939,090$608,125$529,738$909,604
77$986,255$589,301$498,863$939,191
78$1,036,700$568,024$465,422$970,647
79$1,090,711$544,124$429,281$1,004,158
80$1,148,601$517,424$390,299$1,039,929
81$1,210,715$487,734$348,331$1,078,187
82$1,277,431$454,856$303,222$1,119,185
83$1,349,163$418,578$254,815$1,163,200
84$1,426,367$378,678$202,940$1,210,541
85$1,509,543$334,920$147,425$1,261,549
86$1,599,240$287,054$88,088$1,316,601
87$1,696,061$234,819$24,738$1,376,115
88$1,800,670$177,936$0$1,440,553
89$1,913,794$116,111$0$1,519,573
90$2,036,235$49,034$0$1,610,822
91$2,168,873$0$0$1,709,683
92$2,312,676$0$0$1,818,977
93$2,468,708$0$0$1,942,275
94$2,638,139$0$0$2,076,189
95$2,822,257$0$0$2,221,740
96$3,022,479$0$0$2,380,051
97$3,240,363$0$0$2,552,359
98$3,477,623$0$0$2,740,022
99$3,736,146$0$0$2,944,537
100$4,018,008$0$0$3,167,552