Can I retire at age 70 with 657,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$54,254$53,771$53,300$52,839$52,390$50,794
2 years$26,859$26,358$25,874$25,404$24,948$23,354
3 years$17,728$17,226$16,742$16,276$15,828$14,286
4 years$13,163$12,663$12,184$11,726$11,289$9,810
5 years$10,425$9,928$9,455$9,007$8,581$7,170
6 years$8,601$8,107$7,641$7,203$6,790$5,448
7 years$7,298$6,808$6,350$5,922$5,522$4,249
8 years$6,321$5,836$5,385$4,968$4,581$3,376
9 years$5,562$5,081$4,638$4,231$3,858$2,719
10 years$4,955$4,479$4,044$3,647$3,287$2,213
11 years$4,459$3,987$3,560$3,174$2,827$1,816
12 years$4,045$3,579$3,159$2,784$2,450$1,500
13 years$3,696$3,234$2,823$2,458$2,136$1,245
14 years$3,396$2,940$2,536$2,182$1,873$1,038
15 years$3,137$2,685$2,290$1,946$1,649$869
16 years$2,911$2,464$2,076$1,742$1,457$729
17 years$2,711$2,269$1,889$1,566$1,292$613
18 years$2,534$2,097$1,725$1,411$1,149$516
19 years$2,375$1,943$1,579$1,275$1,024$435
20 years$2,233$1,806$1,449$1,155$915$368
21 years$2,104$1,682$1,333$1,048$819$311
22 years$1,987$1,570$1,228$953$734$263
23 years$1,881$1,468$1,134$868$659$223
24 years$1,783$1,376$1,049$791$592$189
25 years$1,694$1,291$971$723$533$161
26 years$1,611$1,213$901$661$480$136
27 years$1,535$1,142$837$605$433$116
28 years$1,464$1,076$778$554$390$98
29 years$1,399$1,015$724$508$352$84
30 years$1,337$959$674$466$318$71
31 years$1,280$906$629$428$288$60
32 years$1,227$858$586$394$260$51
33 years$1,177$812$548$362$236$44
34 years$1,130$770$512$333$213$37
35 years$1,085$730$478$307$193$32
36 years$1,043$693$447$282$175$27
37 years$1,004$658$419$260$159$23
38 years$967$625$392$240$144$19
39 years$932$595$367$221$131$17
40 years$898$566$344$204$118$14
41 years$867$539$323$188$107$12
42 years$836$513$303$174$97$10
43 years$808$489$284$160$88$9
44 years$781$466$267$148$80$7
45 years$755$444$251$137$73$6
46 years$730$424$235$126$66$5
47 years$706$404$221$117$60$5
48 years$684$386$208$108$55$4
49 years$662$369$195$100$50$3
50 years$641$352$184$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $657,000, adding $2,912 every year, while hoping to spend $55,610 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: 64/7/29 Blend
69$657,000$657,000$657,000$657,000
70$727,018$692,197$682,013$767,753
71$742,005$666,946$645,692$770,459
72$756,657$638,594$606,290$767,048
73$770,881$606,930$563,646$762,124
74$784,573$571,731$517,590$755,548
75$797,616$532,763$467,946$747,167
76$809,879$489,774$414,529$736,815
77$821,217$442,503$357,145$724,312
78$831,466$390,671$295,595$709,463
79$840,445$333,983$229,666$692,055
80$847,951$272,129$159,141$671,856
81$853,758$204,780$83,789$648,616
82$857,617$131,589$3,371$622,060
83$859,247$52,191$0$591,889
84$858,340$0$0$583,292
85$854,551$0$0$575,778
86$847,498$0$0$569,955
87$836,757$0$0$561,506
88$821,860$0$0$550,097
89$802,286$0$0$535,361
90$777,458$0$0$516,890
91$746,738$0$0$494,234
92$709,418$0$0$466,892
93$664,717$0$0$434,311
94$611,769$0$0$395,881
95$549,617$0$0$350,926
96$477,202$0$0$298,697
97$393,354$0$0$238,367
98$296,778$0$0$169,024
99$186,046$0$0$89,658
100$59,578$0$0$0