Can I retire at age 70 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$54,337$53,853$53,381$52,920$52,470$52,052
2 years$26,900$26,399$25,913$25,442$24,986$24,564
3 years$17,755$17,252$16,767$16,301$15,852$15,440
4 years$13,183$12,682$12,202$11,744$11,306$10,907
5 years$10,441$9,943$9,470$9,021$8,594$8,210
6 years$8,614$8,119$7,653$7,214$6,800$6,430
7 years$7,309$6,818$6,360$5,931$5,531$5,175
8 years$6,331$5,845$5,393$4,975$4,588$4,247
9 years$5,570$5,089$4,645$4,238$3,864$3,538
10 years$4,962$4,485$4,050$3,653$3,292$2,981
11 years$4,465$3,993$3,565$3,179$2,831$2,534
12 years$4,051$3,584$3,164$2,789$2,454$2,170
13 years$3,701$3,239$2,827$2,462$2,140$1,870
14 years$3,402$2,944$2,540$2,185$1,876$1,619
15 years$3,142$2,689$2,293$1,949$1,651$1,408
16 years$2,915$2,468$2,079$1,745$1,460$1,228
17 years$2,715$2,273$1,892$1,568$1,294$1,075
18 years$2,538$2,100$1,727$1,413$1,151$943
19 years$2,379$1,946$1,581$1,277$1,026$829
20 years$2,236$1,808$1,451$1,156$916$731
21 years$2,107$1,685$1,335$1,050$820$645
22 years$1,990$1,572$1,230$954$735$570
23 years$1,884$1,471$1,136$869$660$505
24 years$1,786$1,378$1,050$793$593$447
25 years$1,696$1,293$973$724$534$396
26 years$1,614$1,215$902$662$481$352
27 years$1,537$1,144$838$606$433$313
28 years$1,467$1,078$779$555$391$278
29 years$1,401$1,017$725$509$353$247
30 years$1,339$960$675$467$319$220
31 years$1,282$908$629$429$288$196
32 years$1,229$859$587$394$261$174
33 years$1,178$813$548$363$236$155
34 years$1,131$771$512$334$214$138
35 years$1,087$731$479$307$194$123
36 years$1,045$694$448$283$175$110
37 years$1,006$659$419$261$159$98
38 years$968$626$393$240$144$88
39 years$933$596$368$221$131$78
40 years$900$567$345$204$119$70
41 years$868$539$323$188$108$62
42 years$838$514$303$174$98$56
43 years$809$490$285$161$89$50
44 years$782$467$267$148$80$44
45 years$756$445$251$137$73$40
46 years$731$424$236$126$66$35
47 years$707$405$221$117$60$32
48 years$685$387$208$108$55$28
49 years$663$369$196$100$50$25
50 years$642$353$184$92$45$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $658,000, adding $5,810 every year, while hoping to spend $51,598 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: 56/20/24 Blend
69$658,000$658,000$658,000$658,000
70$731,109$696,235$686,036$766,967
71$750,782$675,451$654,118$771,395
72$770,733$651,919$619,402$770,289
73$790,935$625,449$581,739$767,994
74$811,357$595,843$540,974$764,412
75$831,964$562,889$496,946$759,437
76$852,716$526,362$449,485$752,954
77$873,565$486,025$398,414$744,842
78$894,457$441,629$343,550$734,968
79$915,332$392,909$284,699$723,193
80$936,119$339,585$221,660$709,364
81$956,741$281,363$154,223$693,319
82$977,108$217,929$82,169$674,884
83$997,120$148,954$5,269$653,871
84$1,016,664$74,091$0$630,078
85$1,035,614$0$0$622,955
86$1,053,827$0$0$616,866
87$1,071,143$0$0$626,498
88$1,087,386$0$0$635,434
89$1,102,355$0$0$643,551
90$1,115,830$0$0$650,709
91$1,127,561$0$0$656,754
92$1,137,273$0$0$661,517
93$1,144,658$0$0$664,804
94$1,149,376$0$0$666,406
95$1,151,045$0$0$666,085
96$1,149,245$0$0$663,580
97$1,143,506$0$0$658,600
98$1,133,308$0$0$650,824
99$1,118,074$0$0$639,894
100$1,097,166$0$0$625,413