Can I retire at age 70 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$53,263$52,789$52,326$51,874$51,433$50,333
2 years$26,368$25,877$25,401$24,940$24,492$23,389
3 years$17,404$16,911$16,436$15,979$15,539$14,467
4 years$12,923$12,431$11,961$11,512$11,082$10,051
5 years$10,235$9,746$9,282$8,842$8,425$7,436
6 years$8,444$7,959$7,502$7,071$6,666$5,721
7 years$7,165$6,684$6,234$5,814$5,421$4,520
8 years$6,206$5,729$5,287$4,877$4,498$3,640
9 years$5,460$4,988$4,554$4,154$3,788$2,973
10 years$4,864$4,397$3,970$3,581$3,227$2,455
11 years$4,377$3,914$3,495$3,116$2,775$2,044
12 years$3,971$3,513$3,102$2,734$2,405$1,714
13 years$3,628$3,175$2,771$2,413$2,097$1,445
14 years$3,334$2,886$2,490$2,142$1,839$1,224
15 years$3,080$2,636$2,248$1,911$1,619$1,041
16 years$2,858$2,419$2,038$1,711$1,431$887
17 years$2,662$2,228$1,855$1,537$1,269$759
18 years$2,488$2,058$1,693$1,385$1,128$650
19 years$2,332$1,908$1,550$1,252$1,005$558
20 years$2,192$1,773$1,422$1,134$898$480
21 years$2,066$1,651$1,308$1,029$804$413
22 years$1,951$1,541$1,206$935$720$356
23 years$1,847$1,442$1,113$852$647$307
24 years$1,751$1,351$1,030$777$581$265
25 years$1,663$1,268$954$710$523$229
26 years$1,582$1,191$885$649$471$198
27 years$1,507$1,121$821$594$425$171
28 years$1,438$1,056$764$544$383$148
29 years$1,373$997$711$499$346$128
30 years$1,313$941$662$458$313$111
31 years$1,257$890$617$421$283$96
32 years$1,204$842$576$387$256$84
33 years$1,155$797$538$355$231$72
34 years$1,109$756$502$327$210$63
35 years$1,065$717$470$301$190$54
36 years$1,024$680$439$277$172$47
37 years$986$646$411$255$156$41
38 years$949$614$385$235$141$36
39 years$915$584$361$217$128$31
40 years$882$556$338$200$116$27
41 years$851$529$317$185$105$23
42 years$821$504$297$171$96$20
43 years$793$480$279$157$87$17
44 years$766$457$262$145$79$15
45 years$741$436$246$134$72$13
46 years$717$416$231$124$65$11
47 years$693$397$217$115$59$10
48 years$671$379$204$106$54$9
49 years$650$362$192$98$49$7
50 years$630$346$180$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $645,000, adding $5,293 every year, while hoping to spend $32,668 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: 50/35/15 Blend
69$645,000$645,000$645,000$645,000
70$716,250$682,065$672,067$748,861
71$754,549$680,727$659,823$770,518
72$795,659$678,230$646,074$790,201
73$839,834$674,480$630,734$810,870
74$887,349$669,382$613,716$832,626
75$938,509$662,832$594,926$855,585
76$993,648$654,722$574,267$879,877
77$1,053,133$644,936$551,638$905,646
78$1,117,366$633,352$526,932$933,052
79$1,186,791$619,839$500,037$962,274
80$1,261,894$604,262$470,839$993,512
81$1,343,210$586,473$439,214$1,026,990
82$1,431,327$566,320$405,038$1,062,954
83$1,526,892$543,639$368,176$1,101,681
84$1,630,616$518,259$328,491$1,143,479
85$1,743,281$489,996$285,838$1,188,689
86$1,865,748$458,658$240,066$1,237,690
87$1,998,964$424,041$191,017$1,290,906
88$2,143,968$385,930$138,527$1,348,805
89$2,301,909$344,096$82,423$1,411,909
90$2,474,045$298,298$22,526$1,480,796
91$2,661,766$248,283$0$1,556,109
92$2,866,599$193,782$0$1,645,186
93$3,090,224$134,509$0$1,746,470
94$3,334,493$70,166$0$1,857,261
95$3,601,443$436$0$1,978,567
96$3,893,318$0$0$2,111,499
97$4,212,586$0$0$2,286,180
98$4,561,967$0$0$2,477,588
99$4,944,455$0$0$2,687,203
100$5,363,348$0$0$2,916,841