Can I retire at age 70 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$53,016$52,544$52,083$51,633$51,194$50,471
2 years$26,245$25,757$25,283$24,824$24,378$23,651
3 years$17,323$16,832$16,360$15,905$15,466$14,758
4 years$12,863$12,373$11,906$11,458$11,031$10,346
5 years$10,187$9,701$9,239$8,801$8,385$7,727
6 years$8,404$7,922$7,467$7,038$6,635$6,003
7 years$7,131$6,653$6,205$5,787$5,396$4,791
8 years$6,177$5,702$5,262$4,854$4,477$3,899
9 years$5,435$4,965$4,532$4,135$3,770$3,219
10 years$4,842$4,376$3,951$3,564$3,212$2,687
11 years$4,357$3,896$3,479$3,102$2,763$2,263
12 years$3,953$3,497$3,087$2,721$2,394$1,920
13 years$3,611$3,160$2,758$2,402$2,088$1,638
14 years$3,319$2,873$2,478$2,132$1,830$1,404
15 years$3,066$2,624$2,238$1,902$1,611$1,209
16 years$2,844$2,408$2,029$1,703$1,424$1,044
17 years$2,649$2,217$1,846$1,530$1,263$904
18 years$2,476$2,049$1,685$1,379$1,123$785
19 years$2,321$1,899$1,543$1,246$1,001$683
20 years$2,182$1,765$1,416$1,128$894$595
21 years$2,056$1,644$1,302$1,024$800$519
22 years$1,942$1,534$1,200$931$717$454
23 years$1,838$1,435$1,108$848$644$397
24 years$1,743$1,344$1,025$773$578$348
25 years$1,655$1,262$949$706$521$305
26 years$1,575$1,186$880$646$469$267
27 years$1,500$1,116$818$591$423$235
28 years$1,431$1,052$760$542$381$206
29 years$1,367$992$707$497$344$181
30 years$1,307$937$659$456$311$159
31 years$1,251$886$614$419$281$140
32 years$1,199$838$573$385$255$123
33 years$1,150$794$535$354$230$108
34 years$1,104$752$500$326$209$95
35 years$1,060$713$467$300$189$84
36 years$1,020$677$437$276$171$74
37 years$981$643$409$254$155$65
38 years$945$611$383$234$141$57
39 years$910$581$359$216$128$51
40 years$878$553$337$199$116$45
41 years$847$526$316$184$105$39
42 years$817$501$296$170$95$35
43 years$789$478$278$157$86$30
44 years$763$455$261$145$78$27
45 years$737$434$245$134$71$24
46 years$713$414$230$123$65$21
47 years$690$395$216$114$59$18
48 years$668$377$203$105$53$16
49 years$647$360$191$97$48$14
50 years$627$344$179$90$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $642,000, adding $2,369 every year, while hoping to spend $51,777 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: 63/27/10 Blend
69$642,000$642,000$642,000$642,000
70$709,928$675,902$665,951$752,938
71$727,250$653,930$633,170$760,005
72$744,604$629,147$597,555$761,493
73$761,938$601,360$558,958$761,813
74$779,193$570,365$517,221$760,850
75$796,304$535,946$472,181$758,480
76$813,196$497,876$423,668$754,570
77$829,785$455,914$371,503$748,974
78$845,975$409,806$315,500$741,536
79$861,660$359,283$255,466$732,086
80$876,721$304,059$191,196$720,439
81$891,025$243,836$122,479$706,396
82$904,421$178,296$49,093$689,740
83$916,743$107,103$0$670,237
84$927,803$29,904$0$650,751
85$937,395$0$0$633,679
86$945,286$0$0$629,454
87$951,219$0$0$632,728
88$954,907$0$0$634,417
89$956,031$0$0$634,298
90$954,236$0$0$632,125
91$949,130$0$0$627,624
92$940,277$0$0$620,491
93$927,193$0$0$610,389
94$909,340$0$0$596,945
95$886,125$0$0$579,745
96$856,889$0$0$558,331
97$820,903$0$0$532,195
98$777,360$0$0$500,777
99$725,366$0$0$463,454
100$663,933$0$0$419,539