Can I retire at age 70 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$53,346$52,871$52,407$51,955$51,513$51,081
2 years$26,409$25,917$25,440$24,978$24,530$24,095
3 years$17,431$16,937$16,462$16,004$15,563$15,138
4 years$12,943$12,451$11,980$11,530$11,100$10,688
5 years$10,251$9,761$9,297$8,856$8,438$8,041
6 years$8,457$7,971$7,513$7,082$6,676$6,295
7 years$7,176$6,694$6,244$5,823$5,430$5,063
8 years$6,215$5,738$5,295$4,885$4,504$4,153
9 years$5,469$4,996$4,561$4,161$3,793$3,457
10 years$4,872$4,404$3,976$3,586$3,232$2,911
11 years$4,384$3,920$3,500$3,121$2,780$2,473
12 years$3,977$3,519$3,107$2,738$2,409$2,117
13 years$3,634$3,180$2,775$2,417$2,101$1,822
14 years$3,340$2,890$2,494$2,146$1,841$1,577
15 years$3,085$2,640$2,252$1,913$1,621$1,370
16 years$2,862$2,423$2,041$1,713$1,433$1,195
17 years$2,666$2,231$1,858$1,539$1,271$1,045
18 years$2,491$2,062$1,696$1,387$1,130$916
19 years$2,336$1,911$1,552$1,254$1,007$805
20 years$2,196$1,775$1,425$1,135$899$709
21 years$2,069$1,654$1,310$1,030$805$625
22 years$1,954$1,544$1,208$937$721$552
23 years$1,849$1,444$1,115$853$648$488
24 years$1,754$1,353$1,031$778$582$432
25 years$1,665$1,270$955$711$524$383
26 years$1,584$1,193$886$650$472$340
27 years$1,509$1,123$823$595$425$302
28 years$1,440$1,058$765$545$384$268
29 years$1,375$998$712$500$347$238
30 years$1,315$943$663$459$313$212
31 years$1,259$891$618$421$283$188
32 years$1,206$843$577$387$256$168
33 years$1,157$799$538$356$232$149
34 years$1,111$757$503$328$210$133
35 years$1,067$718$470$302$190$118
36 years$1,026$681$440$278$172$105
37 years$987$647$412$256$156$94
38 years$951$615$386$236$142$84
39 years$916$585$361$217$128$75
40 years$883$556$339$201$116$67
41 years$852$530$318$185$106$59
42 years$822$504$298$171$96$53
43 years$794$481$279$158$87$47
44 years$768$458$262$146$79$42
45 years$742$437$246$134$72$38
46 years$718$417$231$124$65$34
47 years$694$398$217$115$59$30
48 years$672$380$204$106$54$27
49 years$651$363$192$98$49$24
50 years$631$346$181$91$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $646,000, adding $2,970 every year, while hoping to spend $32,436 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: 81/8/11 Blend
69$646,000$646,000$646,000$646,000
70$714,956$680,718$670,705$771,282
71$753,369$679,561$658,662$807,495
72$794,614$677,261$645,128$842,678
73$838,945$673,726$630,020$880,335
74$886,640$668,862$613,248$920,698
75$938,008$662,567$594,722$964,023
76$993,384$654,732$574,345$1,010,590
77$1,053,139$645,243$552,015$1,060,708
78$1,117,680$633,981$527,628$1,114,719
79$1,187,453$620,816$501,073$1,172,998
80$1,262,949$605,612$472,236$1,235,959
81$1,344,709$588,226$440,995$1,304,059
82$1,433,327$568,506$407,225$1,377,800
83$1,529,454$546,291$370,795$1,457,737
84$1,633,809$521,410$331,567$1,544,481
85$1,747,181$493,682$289,399$1,638,705
86$1,870,438$462,918$244,139$1,741,152
87$2,004,538$428,915$195,632$1,852,640
88$2,150,529$391,461$143,714$1,974,070
89$2,309,570$350,330$88,215$2,106,438
90$2,482,933$305,283$28,958$2,250,840
91$2,672,019$256,069$0$2,408,484
92$2,878,371$202,422$0$2,584,726
93$3,103,686$144,061$0$2,780,900
94$3,349,832$80,690$0$2,995,246
95$3,618,866$11,996$0$3,229,574
96$3,913,053$0$0$3,485,879
97$4,234,887$0$0$3,771,845
98$4,587,113$0$0$4,085,987
99$4,972,755$0$0$4,429,949
100$5,395,141$0$0$4,806,701