Can I retire at age 70 with 658,000?

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 $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%12.1%
1 years$54,337$53,853$53,381$52,920$52,470$52,008
2 years$26,900$26,399$25,913$25,442$24,986$24,521
3 years$17,755$17,252$16,767$16,301$15,852$15,398
4 years$13,183$12,682$12,202$11,744$11,306$10,866
5 years$10,441$9,943$9,470$9,021$8,594$8,170
6 years$8,614$8,119$7,653$7,214$6,800$6,393
7 years$7,309$6,818$6,360$5,931$5,531$5,139
8 years$6,331$5,845$5,393$4,975$4,588$4,213
9 years$5,570$5,089$4,645$4,238$3,864$3,505
10 years$4,962$4,485$4,050$3,653$3,292$2,949
11 years$4,465$3,993$3,565$3,179$2,831$2,504
12 years$4,051$3,584$3,164$2,789$2,454$2,142
13 years$3,701$3,239$2,827$2,462$2,140$1,843
14 years$3,402$2,944$2,540$2,185$1,876$1,594
15 years$3,142$2,689$2,293$1,949$1,651$1,384
16 years$2,915$2,468$2,079$1,745$1,460$1,206
17 years$2,715$2,273$1,892$1,568$1,294$1,054
18 years$2,538$2,100$1,727$1,413$1,151$923
19 years$2,379$1,946$1,581$1,277$1,026$811
20 years$2,236$1,808$1,451$1,156$916$713
21 years$2,107$1,685$1,335$1,050$820$629
22 years$1,990$1,572$1,230$954$735$555
23 years$1,884$1,471$1,136$869$660$490
24 years$1,786$1,378$1,050$793$593$434
25 years$1,696$1,293$973$724$534$384
26 years$1,614$1,215$902$662$481$340
27 years$1,537$1,144$838$606$433$302
28 years$1,467$1,078$779$555$391$268
29 years$1,401$1,017$725$509$353$238
30 years$1,339$960$675$467$319$211
31 years$1,282$908$629$429$288$188
32 years$1,229$859$587$394$261$167
33 years$1,178$813$548$363$236$149
34 years$1,131$771$512$334$214$132
35 years$1,087$731$479$307$194$118
36 years$1,045$694$448$283$175$105
37 years$1,006$659$419$261$159$93
38 years$968$626$393$240$144$83
39 years$933$596$368$221$131$74
40 years$900$567$345$204$119$66
41 years$868$539$323$188$108$59
42 years$838$514$303$174$98$52
43 years$809$490$285$161$89$47
44 years$782$467$267$148$80$42
45 years$756$445$251$137$73$37
46 years$731$424$236$126$66$33
47 years$707$405$221$117$60$29
48 years$685$387$208$108$55$26
49 years$663$369$196$100$50$23
50 years$642$353$184$92$45$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $658,000, adding $5,594 every year, while hoping to spend $54,358 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: 65/16/19 Blend
69$658,000$658,000$658,000$658,000
70$730,886$696,012$685,813$774,558
71$747,600$672,280$650,951$780,822
72$764,197$645,564$613,100$780,940
73$780,607$615,659$572,101$779,776
74$796,753$582,350$527,791$777,206
75$812,547$545,410$479,996$773,094
76$827,889$504,597$428,538$767,295
77$842,668$459,657$373,229$759,649
78$856,760$410,320$313,872$749,984
79$870,026$356,302$250,263$738,112
80$882,310$297,302$182,189$723,829
81$893,439$233,003$109,425$706,914
82$903,219$163,070$31,740$687,127
83$911,434$87,146$0$664,206
84$917,843$4,860$0$648,238
85$922,179$0$0$636,083
86$924,146$0$0$635,838
87$923,412$0$0$634,489
88$919,610$0$0$630,917
89$912,334$0$0$624,830
90$901,133$0$0$615,903
91$885,504$0$0$603,776
92$864,894$0$0$588,052
93$838,687$0$0$568,289
94$806,202$0$0$543,997
95$766,686$0$0$514,637
96$719,305$0$0$479,610
97$663,135$0$0$438,253
98$597,154$0$0$389,834
99$520,235$0$0$333,542
100$431,129$0$0$268,484