Can I retire at age 70 with 642,000?

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 $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%16.9%
1 years$53,016$52,544$52,083$51,633$51,194$49,755
2 years$26,245$25,757$25,283$24,824$24,378$22,939
3 years$17,323$16,832$16,360$15,905$15,466$14,073
4 years$12,863$12,373$11,906$11,458$11,031$9,693
5 years$10,187$9,701$9,239$8,801$8,385$7,107
6 years$8,404$7,922$7,467$7,038$6,635$5,418
7 years$7,131$6,653$6,205$5,787$5,396$4,240
8 years$6,177$5,702$5,262$4,854$4,477$3,380
9 years$5,435$4,965$4,532$4,135$3,770$2,733
10 years$4,842$4,376$3,951$3,564$3,212$2,233
11 years$4,357$3,896$3,479$3,102$2,763$1,839
12 years$3,953$3,497$3,087$2,721$2,394$1,525
13 years$3,611$3,160$2,758$2,402$2,088$1,271
14 years$3,319$2,873$2,478$2,132$1,830$1,064
15 years$3,066$2,624$2,238$1,902$1,611$894
16 years$2,844$2,408$2,029$1,703$1,424$753
17 years$2,649$2,217$1,846$1,530$1,263$636
18 years$2,476$2,049$1,685$1,379$1,123$538
19 years$2,321$1,899$1,543$1,246$1,001$456
20 years$2,182$1,765$1,416$1,128$894$387
21 years$2,056$1,644$1,302$1,024$800$329
22 years$1,942$1,534$1,200$931$717$280
23 years$1,838$1,435$1,108$848$644$238
24 years$1,743$1,344$1,025$773$578$203
25 years$1,655$1,262$949$706$521$173
26 years$1,575$1,186$880$646$469$148
27 years$1,500$1,116$818$591$423$126
28 years$1,431$1,052$760$542$381$108
29 years$1,367$992$707$497$344$92
30 years$1,307$937$659$456$311$78
31 years$1,251$886$614$419$281$67
32 years$1,199$838$573$385$255$57
33 years$1,150$794$535$354$230$49
34 years$1,104$752$500$326$209$42
35 years$1,060$713$467$300$189$36
36 years$1,020$677$437$276$171$31
37 years$981$643$409$254$155$26
38 years$945$611$383$234$141$22
39 years$910$581$359$216$128$19
40 years$878$553$337$199$116$16
41 years$847$526$316$184$105$14
42 years$817$501$296$170$95$12
43 years$789$478$278$157$86$10
44 years$763$455$261$145$78$9
45 years$737$434$245$134$71$7
46 years$713$414$230$123$65$6
47 years$690$395$216$114$59$5
48 years$668$377$203$105$53$5
49 years$647$360$191$97$48$4
50 years$627$344$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $642,000, adding $4,769 every year, while hoping to spend $45,075 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: 66/10/24 Blend
69$642,000$642,000$642,000$642,000
70$712,403$678,377$668,426$754,709
71$737,109$663,658$642,859$769,036
72$762,824$646,707$614,925$779,153
73$789,603$627,368$584,496$789,179
74$817,507$605,473$551,441$799,107
75$846,599$580,847$515,620$808,931
76$876,948$553,304$476,889$818,646
77$908,628$522,648$435,097$828,247
78$941,720$488,670$390,085$837,732
79$976,311$451,149$341,687$847,101
80$1,012,493$409,854$289,733$856,354
81$1,050,369$364,539$234,040$865,495
82$1,090,048$314,943$174,422$874,530
83$1,131,650$260,792$110,682$883,467
84$1,175,303$201,796$42,615$892,321
85$1,221,148$137,648$0$901,107
86$1,269,337$68,024$0$917,537
87$1,320,036$0$0$946,094
88$1,373,424$0$0$976,762
89$1,429,698$0$0$1,016,994
90$1,489,073$0$0$1,059,458
91$1,551,780$0$0$1,104,323
92$1,618,074$0$0$1,151,775
93$1,688,233$0$0$1,202,012
94$1,762,559$0$0$1,255,256
95$1,841,383$0$0$1,311,746
96$1,925,067$0$0$1,371,744
97$2,014,006$0$0$1,435,537
98$2,108,634$0$0$1,503,439
99$2,209,424$0$0$1,575,793
100$2,316,894$0$0$1,652,976