Can I retire at age 70 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$53,594$53,116$52,651$52,196$51,752$51,361
2 years$26,532$26,037$25,559$25,094$24,644$24,250
3 years$17,512$17,016$16,538$16,078$15,635$15,250
4 years$13,003$12,508$12,035$11,583$11,151$10,778
5 years$10,299$9,807$9,340$8,897$8,477$8,117
6 years$8,496$8,008$7,548$7,115$6,707$6,361
7 years$7,209$6,725$6,273$5,850$5,455$5,122
8 years$6,244$5,765$5,320$4,907$4,525$4,206
9 years$5,494$5,019$4,582$4,180$3,811$3,506
10 years$4,895$4,424$3,994$3,603$3,247$2,955
11 years$4,404$3,939$3,517$3,136$2,793$2,514
12 years$3,996$3,535$3,121$2,750$2,420$2,154
13 years$3,651$3,195$2,788$2,428$2,110$1,857
14 years$3,355$2,904$2,505$2,156$1,850$1,609
15 years$3,099$2,653$2,262$1,922$1,629$1,400
16 years$2,875$2,434$2,051$1,721$1,440$1,223
17 years$2,678$2,241$1,866$1,547$1,276$1,071
18 years$2,503$2,071$1,704$1,394$1,135$940
19 years$2,346$1,920$1,560$1,259$1,012$827
20 years$2,206$1,784$1,431$1,141$904$730
21 years$2,079$1,661$1,317$1,035$809$644
22 years$1,963$1,551$1,213$941$725$570
23 years$1,858$1,451$1,120$857$651$505
24 years$1,762$1,359$1,036$782$585$448
25 years$1,673$1,275$960$714$526$397
26 years$1,592$1,199$890$653$474$353
27 years$1,516$1,128$826$598$427$314
28 years$1,446$1,063$768$547$386$279
29 years$1,382$1,003$715$502$348$248
30 years$1,321$947$666$461$315$221
31 years$1,265$895$621$423$284$197
32 years$1,212$847$579$389$257$176
33 years$1,162$802$541$358$233$157
34 years$1,116$760$505$329$211$140
35 years$1,072$721$472$303$191$125
36 years$1,031$685$442$279$173$111
37 years$992$650$414$257$157$99
38 years$955$618$387$237$142$89
39 years$920$588$363$218$129$79
40 years$887$559$340$201$117$71
41 years$856$532$319$186$106$63
42 years$826$507$299$172$96$56
43 years$798$483$281$158$87$50
44 years$771$460$264$146$79$45
45 years$745$439$247$135$72$40
46 years$721$419$232$125$65$36
47 years$698$400$218$115$59$32
48 years$675$381$205$106$54$29
49 years$654$364$193$98$49$26
50 years$634$348$181$91$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $649,000, adding $3,272 every year, while hoping to spend $22,097 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: 68/8/24 Blend
69$649,000$649,000$649,000$649,000
70$718,573$684,176$674,117$762,819
71$768,356$694,190$673,188$802,922
72$822,477$703,953$671,489$843,935
73$881,354$713,431$668,968$888,288
74$945,449$722,586$665,575$936,309
75$1,015,268$731,376$661,255$988,361
76$1,091,371$739,759$655,952$1,044,845
77$1,174,371$747,688$649,607$1,106,204
78$1,264,945$755,113$642,157$1,172,925
79$1,363,838$761,981$633,538$1,245,544
80$1,471,868$768,237$623,680$1,324,655
81$1,589,939$773,821$612,514$1,410,911
82$1,719,043$778,668$599,963$1,505,032
83$1,860,274$782,711$585,950$1,607,813
84$2,014,835$785,878$570,393$1,720,130
85$2,184,054$788,092$553,207$1,842,948
86$2,369,390$789,270$534,302$1,977,334
87$2,572,450$789,328$513,584$2,124,461
88$2,795,007$788,171$490,955$2,285,625
89$3,039,009$785,703$466,314$2,462,254
90$3,306,605$781,820$439,553$2,655,921
91$3,600,162$776,412$410,560$2,868,364
92$3,922,283$769,361$379,219$3,101,496
93$4,275,841$760,545$345,408$3,357,427
94$4,663,996$749,831$308,999$3,638,484
95$5,090,232$737,081$269,858$3,947,233
96$5,558,385$722,147$227,848$4,286,501
97$6,072,682$704,873$182,822$4,659,407
98$6,637,777$685,094$134,628$5,069,388
99$7,258,802$662,635$83,110$5,520,235
100$7,941,406$637,311$28,100$6,016,125