Can I retire at age 70 with 648,000?

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 $648,000?

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$53,511$53,035$52,570$52,116$51,672$51,239
2 years$26,491$25,997$25,519$25,056$24,606$24,170
3 years$17,485$16,990$16,513$16,053$15,611$15,185
4 years$12,983$12,489$12,017$11,566$11,134$10,721
5 years$10,283$9,792$9,326$8,883$8,464$8,066
6 years$8,483$7,996$7,537$7,104$6,697$6,314
7 years$7,198$6,715$6,263$5,841$5,447$5,079
8 years$6,235$5,756$5,311$4,900$4,518$4,166
9 years$5,486$5,011$4,575$4,173$3,805$3,468
10 years$4,887$4,417$3,988$3,598$3,242$2,920
11 years$4,397$3,932$3,511$3,131$2,788$2,481
12 years$3,990$3,530$3,116$2,746$2,416$2,123
13 years$3,645$3,190$2,784$2,425$2,107$1,828
14 years$3,350$2,899$2,502$2,152$1,847$1,582
15 years$3,094$2,649$2,259$1,919$1,626$1,374
16 years$2,871$2,430$2,048$1,719$1,437$1,198
17 years$2,674$2,238$1,863$1,544$1,274$1,048
18 years$2,499$2,068$1,701$1,392$1,133$919
19 years$2,343$1,917$1,557$1,257$1,010$808
20 years$2,202$1,781$1,429$1,139$902$711
21 years$2,075$1,659$1,314$1,034$807$627
22 years$1,960$1,549$1,211$940$724$554
23 years$1,855$1,448$1,119$856$650$490
24 years$1,759$1,357$1,035$781$584$434
25 years$1,671$1,273$958$713$525$384
26 years$1,589$1,197$889$652$473$341
27 years$1,514$1,126$825$597$427$303
28 years$1,444$1,061$767$547$385$269
29 years$1,379$1,001$714$501$348$239
30 years$1,319$946$665$460$314$212
31 years$1,263$894$620$423$284$189
32 years$1,210$846$578$388$257$168
33 years$1,160$801$540$357$232$150
34 years$1,114$759$505$329$210$133
35 years$1,070$720$472$302$191$119
36 years$1,029$683$441$279$173$106
37 years$990$649$413$257$157$94
38 years$954$617$387$237$142$84
39 years$919$587$362$218$129$75
40 years$886$558$340$201$117$67
41 years$855$531$319$186$106$60
42 years$825$506$299$171$96$53
43 years$797$482$280$158$87$47
44 years$770$460$263$146$79$42
45 years$744$438$247$135$72$38
46 years$720$418$232$125$65$34
47 years$697$399$218$115$59$30
48 years$674$381$205$106$54$27
49 years$653$364$193$98$49$24
50 years$633$347$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 $648,000, adding $3,419 every year, while hoping to spend $49,655 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: 45/43/12 Blend
69$648,000$648,000$648,000$648,000
70$717,623$683,279$673,235$747,320
71$737,988$663,927$642,956$748,935
72$758,766$641,962$609,998$745,363
73$779,946$617,205$574,219$740,383
74$801,517$589,464$535,472$733,887
75$823,461$558,537$493,599$725,756
76$845,759$524,211$448,440$715,863
77$868,389$486,259$399,825$704,075
78$891,322$444,443$347,576$690,248
79$914,526$398,511$291,510$674,229
80$937,964$348,194$231,432$655,857
81$961,593$293,213$167,142$634,957
82$985,363$233,267$98,428$611,344
83$1,009,217$168,044$25,072$584,821
84$1,033,089$97,210$0$555,178
85$1,056,905$20,414$0$529,002
86$1,080,581$0$0$503,111
87$1,104,023$0$0$503,740
88$1,127,122$0$0$513,817
89$1,149,757$0$0$523,620
90$1,171,793$0$0$533,082
91$1,193,076$0$0$542,124
92$1,213,436$0$0$550,660
93$1,232,680$0$0$558,595
94$1,250,595$0$0$565,819
95$1,266,941$0$0$572,213
96$1,281,451$0$0$577,642
97$1,293,827$0$0$581,958
98$1,303,738$0$0$584,994
99$1,310,815$0$0$586,565
100$1,314,648$0$0$586,466