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%13.8%
1 years$54,337$53,853$53,381$52,920$52,470$51,643
2 years$26,900$26,399$25,913$25,442$24,986$24,155
3 years$17,755$17,252$16,767$16,301$15,852$15,043
4 years$13,183$12,682$12,202$11,744$11,306$10,525
5 years$10,441$9,943$9,470$9,021$8,594$7,844
6 years$8,614$8,119$7,653$7,214$6,800$6,081
7 years$7,309$6,818$6,360$5,931$5,531$4,843
8 years$6,331$5,845$5,393$4,975$4,588$3,931
9 years$5,570$5,089$4,645$4,238$3,864$3,238
10 years$4,962$4,485$4,050$3,653$3,292$2,697
11 years$4,465$3,993$3,565$3,179$2,831$2,266
12 years$4,051$3,584$3,164$2,789$2,454$1,917
13 years$3,701$3,239$2,827$2,462$2,140$1,631
14 years$3,402$2,944$2,540$2,185$1,876$1,395
15 years$3,142$2,689$2,293$1,949$1,651$1,197
16 years$2,915$2,468$2,079$1,745$1,460$1,031
17 years$2,715$2,273$1,892$1,568$1,294$890
18 years$2,538$2,100$1,727$1,413$1,151$771
19 years$2,379$1,946$1,581$1,277$1,026$669
20 years$2,236$1,808$1,451$1,156$916$581
21 years$2,107$1,685$1,335$1,050$820$505
22 years$1,990$1,572$1,230$954$735$440
23 years$1,884$1,471$1,136$869$660$384
24 years$1,786$1,378$1,050$793$593$335
25 years$1,696$1,293$973$724$534$293
26 years$1,614$1,215$902$662$481$256
27 years$1,537$1,144$838$606$433$224
28 years$1,467$1,078$779$555$391$196
29 years$1,401$1,017$725$509$353$172
30 years$1,339$960$675$467$319$151
31 years$1,282$908$629$429$288$132
32 years$1,229$859$587$394$261$116
33 years$1,178$813$548$363$236$101
34 years$1,131$771$512$334$214$89
35 years$1,087$731$479$307$194$78
36 years$1,045$694$448$283$175$69
37 years$1,006$659$419$261$159$60
38 years$968$626$393$240$144$53
39 years$933$596$368$221$131$46
40 years$900$567$345$204$119$41
41 years$868$539$323$188$108$36
42 years$838$514$303$174$98$31
43 years$809$490$285$161$89$28
44 years$782$467$267$148$80$24
45 years$756$445$251$137$73$21
46 years$731$424$236$126$66$19
47 years$707$405$221$117$60$16
48 years$685$387$208$108$55$14
49 years$663$369$196$100$50$13
50 years$642$353$184$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $658,000, adding $4,554 every year, while hoping to spend $53,448 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: 57/37/6 Blend
69$658,000$658,000$658,000$658,000
70$729,813$694,939$684,740$770,245
71$747,386$672,123$650,811$775,143
72$764,960$646,398$613,954$774,051
73$782,478$617,564$574,014$771,532
74$799,878$585,411$530,830$767,453
75$817,086$549,717$484,233$761,673
76$834,022$510,246$434,048$754,038
77$850,593$466,748$380,089$744,382
78$866,696$418,962$322,165$732,527
79$882,216$366,609$260,075$718,280
80$897,024$309,394$193,609$701,433
81$910,974$247,008$122,549$681,760
82$923,904$179,122$46,665$659,019
83$935,634$105,390$0$632,947
84$945,960$25,446$0$605,457
85$954,659$0$0$577,375
86$961,481$0$0$570,271
87$966,145$0$0$572,140
88$968,343$0$0$572,427
89$967,730$0$0$570,913
90$963,924$0$0$567,358
91$956,500$0$0$561,494
92$944,989$0$0$553,025
93$928,867$0$0$541,620
94$907,557$0$0$526,917
95$880,418$0$0$508,510
96$846,739$0$0$485,953
97$805,735$0$0$458,751
98$756,538$0$0$426,355
99$698,183$0$0$388,161
100$629,607$0$0$343,499