Can I retire at age 70 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$53,676$53,198$52,732$52,276$51,832$50,910
2 years$26,572$26,078$25,598$25,133$24,682$23,757
3 years$17,539$17,042$16,564$16,103$15,659$14,759
4 years$13,023$12,528$12,054$11,601$11,168$10,300
5 years$10,314$9,822$9,354$8,911$8,490$7,656
6 years$8,509$8,020$7,560$7,126$6,718$5,920
7 years$7,220$6,735$6,282$5,859$5,463$4,701
8 years$6,254$5,773$5,328$4,915$4,532$3,805
9 years$5,503$5,027$4,589$4,186$3,817$3,125
10 years$4,902$4,431$4,001$3,609$3,252$2,595
11 years$4,411$3,945$3,522$3,141$2,797$2,173
12 years$4,002$3,540$3,126$2,755$2,424$1,833
13 years$3,656$3,200$2,793$2,432$2,114$1,554
14 years$3,360$2,908$2,509$2,159$1,853$1,325
15 years$3,104$2,657$2,266$1,925$1,631$1,133
16 years$2,880$2,438$2,054$1,724$1,442$972
17 years$2,682$2,245$1,869$1,549$1,278$837
18 years$2,507$2,074$1,706$1,396$1,137$722
19 years$2,350$1,923$1,562$1,261$1,013$624
20 years$2,209$1,786$1,433$1,142$905$540
21 years$2,082$1,664$1,319$1,037$810$468
22 years$1,966$1,553$1,215$943$726$406
23 years$1,861$1,453$1,122$858$652$353
24 years$1,764$1,361$1,038$783$586$307
25 years$1,676$1,277$961$715$527$267
26 years$1,594$1,201$891$654$475$233
27 years$1,519$1,130$828$598$428$203
28 years$1,449$1,065$769$548$386$177
29 years$1,384$1,004$716$503$349$154
30 years$1,323$949$667$461$315$134
31 years$1,267$897$622$424$285$117
32 years$1,214$848$580$390$258$103
33 years$1,164$803$542$358$233$90
34 years$1,117$762$506$330$211$78
35 years$1,074$722$473$303$191$68
36 years$1,032$686$443$279$173$60
37 years$993$651$414$257$157$52
38 years$957$619$388$237$142$46
39 years$922$588$364$219$129$40
40 years$889$560$341$202$117$35
41 years$857$533$319$186$106$30
42 years$828$508$300$172$96$27
43 years$799$484$281$159$87$23
44 years$772$461$264$146$79$20
45 years$747$440$248$135$72$18
46 years$722$419$233$125$65$16
47 years$699$400$219$115$59$14
48 years$676$382$206$107$54$12
49 years$655$365$193$99$49$10
50 years$635$348$182$91$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $650,000, adding $6,987 every year, while hoping to spend $40,312 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: 58/32/10 Blend
69$650,000$650,000$650,000$650,000
70$723,507$689,057$678,982$763,349
71$754,413$679,929$658,836$781,874
72$787,121$669,003$636,665$796,926
73$821,770$656,148$612,356$812,354
74$858,517$641,225$585,796$828,199
75$897,529$624,088$556,864$844,507
76$938,991$604,582$525,433$861,331
77$983,104$582,543$491,371$878,731
78$1,030,089$557,796$454,540$896,776
79$1,080,188$530,158$414,797$915,544
80$1,133,665$499,434$371,991$935,122
81$1,190,811$465,418$325,965$955,612
82$1,251,944$427,894$276,555$977,127
83$1,317,412$386,630$223,589$999,795
84$1,387,597$341,384$166,888$1,023,759
85$1,462,919$291,899$106,266$1,049,184
86$1,543,838$237,904$41,527$1,076,251
87$1,630,860$179,111$0$1,105,168
88$1,724,539$115,218$0$1,139,104
89$1,825,483$45,906$0$1,180,300
90$1,934,363$0$0$1,224,633
91$2,051,913$0$0$1,282,722
92$2,178,941$0$0$1,363,007
93$2,316,335$0$0$1,449,888
94$2,465,069$0$0$1,543,989
95$2,626,218$0$0$1,645,993
96$2,800,959$0$0$1,756,655
97$2,990,590$0$0$1,876,801
98$3,196,537$0$0$2,007,342
99$3,420,370$0$0$2,149,281
100$3,663,813$0$0$2,303,718