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%11.4%
1 years$54,337$53,853$53,381$52,920$52,470$52,161
2 years$26,900$26,399$25,913$25,442$24,986$24,674
3 years$17,755$17,252$16,767$16,301$15,852$15,547
4 years$13,183$12,682$12,202$11,744$11,306$11,010
5 years$10,441$9,943$9,470$9,021$8,594$8,309
6 years$8,614$8,119$7,653$7,214$6,800$6,526
7 years$7,309$6,818$6,360$5,931$5,531$5,266
8 years$6,331$5,845$5,393$4,975$4,588$4,335
9 years$5,570$5,089$4,645$4,238$3,864$3,621
10 years$4,962$4,485$4,050$3,653$3,292$3,060
11 years$4,465$3,993$3,565$3,179$2,831$2,609
12 years$4,051$3,584$3,164$2,789$2,454$2,242
13 years$3,701$3,239$2,827$2,462$2,140$1,937
14 years$3,402$2,944$2,540$2,185$1,876$1,683
15 years$3,142$2,689$2,293$1,949$1,651$1,468
16 years$2,915$2,468$2,079$1,745$1,460$1,286
17 years$2,715$2,273$1,892$1,568$1,294$1,129
18 years$2,538$2,100$1,727$1,413$1,151$994
19 years$2,379$1,946$1,581$1,277$1,026$877
20 years$2,236$1,808$1,451$1,156$916$776
21 years$2,107$1,685$1,335$1,050$820$687
22 years$1,990$1,572$1,230$954$735$610
23 years$1,884$1,471$1,136$869$660$542
24 years$1,786$1,378$1,050$793$593$482
25 years$1,696$1,293$973$724$534$429
26 years$1,614$1,215$902$662$481$382
27 years$1,537$1,144$838$606$433$341
28 years$1,467$1,078$779$555$391$304
29 years$1,401$1,017$725$509$353$272
30 years$1,339$960$675$467$319$243
31 years$1,282$908$629$429$288$217
32 years$1,229$859$587$394$261$194
33 years$1,178$813$548$363$236$174
34 years$1,131$771$512$334$214$155
35 years$1,087$731$479$307$194$139
36 years$1,045$694$448$283$175$125
37 years$1,006$659$419$261$159$112
38 years$968$626$393$240$144$100
39 years$933$596$368$221$131$90
40 years$900$567$345$204$119$80
41 years$868$539$323$188$108$72
42 years$838$514$303$174$98$65
43 years$809$490$285$161$89$58
44 years$782$467$267$148$80$52
45 years$756$445$251$137$73$47
46 years$731$424$236$126$66$42
47 years$707$405$221$117$60$37
48 years$685$387$208$108$55$34
49 years$663$369$196$100$50$30
50 years$642$353$184$92$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $658,000, adding $3,649 every year, while hoping to spend $21,951 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: 61/10/29 Blend
69$658,000$658,000$658,000$658,000
70$728,880$694,006$683,807$767,427
71$779,870$704,657$683,359$804,770
72$835,325$715,093$682,160$842,840
73$895,678$725,283$680,162$883,939
74$961,404$735,188$677,314$928,367
75$1,033,027$744,772$673,564$976,457
76$1,111,123$753,993$668,855$1,028,574
77$1,196,325$762,806$663,129$1,085,123
78$1,289,331$771,165$656,325$1,146,549
79$1,390,910$779,019$648,379$1,213,345
80$1,501,907$786,315$639,224$1,286,054
81$1,623,253$792,996$628,790$1,365,274
82$1,755,974$799,002$617,003$1,451,665
83$1,901,197$804,267$603,787$1,545,958
84$2,060,165$808,722$589,060$1,648,955
85$2,234,248$812,295$572,739$1,761,544
86$2,424,950$814,907$554,735$1,884,704
87$2,633,933$816,475$534,957$2,019,513
88$2,863,024$816,912$513,307$2,167,162
89$3,114,236$816,124$489,686$2,328,966
90$3,389,785$814,012$463,988$2,506,371
91$3,692,115$810,469$436,103$2,700,975
92$4,023,914$805,386$405,916$2,914,541
93$4,388,145$798,642$373,306$3,149,012
94$4,788,072$790,112$338,148$3,406,531
95$5,227,291$779,662$300,312$3,689,462
96$5,709,761$767,152$259,659$4,000,410
97$6,239,846$752,432$216,046$4,342,251
98$6,822,351$735,342$169,325$4,718,154
99$7,462,573$715,715$119,339$5,131,613
100$8,166,343$693,374$65,925$5,586,484