Can I retire at age 70 with 659,000?

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 $659,000?

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$54,420$53,935$53,462$53,000$52,550$52,088
2 years$26,940$26,439$25,952$25,481$25,024$24,558
3 years$17,782$17,278$16,793$16,326$15,876$15,421
4 years$13,203$12,701$12,221$11,762$11,323$10,883
5 years$10,457$9,958$9,484$9,034$8,607$8,183
6 years$8,627$8,131$7,664$7,225$6,811$6,402
7 years$7,320$6,829$6,369$5,940$5,539$5,147
8 years$6,340$5,853$5,402$4,983$4,595$4,219
9 years$5,579$5,096$4,652$4,244$3,870$3,510
10 years$4,970$4,492$4,056$3,659$3,297$2,954
11 years$4,472$3,999$3,571$3,184$2,836$2,508
12 years$4,058$3,589$3,169$2,793$2,457$2,145
13 years$3,707$3,244$2,831$2,466$2,143$1,846
14 years$3,407$2,949$2,544$2,189$1,878$1,596
15 years$3,147$2,694$2,297$1,952$1,654$1,386
16 years$2,920$2,471$2,082$1,748$1,462$1,208
17 years$2,719$2,276$1,895$1,570$1,296$1,056
18 years$2,542$2,103$1,730$1,415$1,152$925
19 years$2,383$1,949$1,584$1,279$1,027$812
20 years$2,240$1,811$1,453$1,158$917$715
21 years$2,111$1,687$1,337$1,051$821$630
22 years$1,993$1,575$1,232$956$736$556
23 years$1,887$1,473$1,138$870$661$491
24 years$1,789$1,380$1,052$794$594$434
25 years$1,699$1,295$974$725$534$385
26 years$1,616$1,217$904$663$481$341
27 years$1,540$1,145$839$607$434$302
28 years$1,469$1,079$780$556$392$268
29 years$1,403$1,018$726$510$354$238
30 years$1,341$962$676$468$319$212
31 years$1,284$909$630$430$289$188
32 years$1,230$860$588$395$261$167
33 years$1,180$815$549$363$236$149
34 years$1,133$772$513$334$214$132
35 years$1,089$732$480$308$194$118
36 years$1,047$695$449$283$176$105
37 years$1,007$660$420$261$159$93
38 years$970$627$393$241$144$83
39 years$934$597$369$222$131$74
40 years$901$568$345$205$119$66
41 years$869$540$324$189$108$59
42 years$839$515$304$174$98$52
43 years$810$490$285$161$89$47
44 years$783$467$268$148$81$42
45 years$757$446$251$137$73$37
46 years$732$425$236$127$66$33
47 years$708$406$222$117$60$30
48 years$686$387$208$108$55$26
49 years$664$370$196$100$50$23
50 years$643$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 $659,000, adding $5,504 every year, while hoping to spend $22,613 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: 43/27/30 Blend
69$659,000$659,000$659,000$659,000
70$731,895$696,968$686,754$756,765
71$782,489$707,060$685,700$785,267
72$837,485$716,888$683,853$813,589
73$897,308$726,416$681,162$843,854
74$962,428$735,604$677,575$876,256
75$1,033,357$744,410$673,036$911,010
76$1,110,664$752,791$667,487$948,353
77$1,194,971$760,697$660,867$988,548
78$1,286,964$768,077$653,112$1,031,888
79$1,387,399$774,877$644,156$1,078,692
80$1,497,107$781,039$633,928$1,129,318
81$1,617,003$786,502$622,356$1,184,158
82$1,748,095$791,198$609,363$1,243,648
83$1,891,492$795,058$594,868$1,308,270
84$2,048,417$798,009$578,789$1,378,554
85$2,220,213$799,969$561,036$1,455,088
86$2,408,363$800,855$541,519$1,538,523
87$2,614,497$800,578$520,141$1,629,576
88$2,840,412$799,043$496,802$1,729,041
89$3,088,086$796,148$471,397$1,837,793
90$3,359,699$791,787$443,816$1,956,802
91$3,657,650$785,847$413,946$2,087,137
92$3,984,582$778,205$381,665$2,229,979
93$4,343,408$768,736$346,850$2,386,633
94$4,737,335$757,303$309,368$2,558,541
95$5,169,896$743,763$269,085$2,747,293
96$5,644,982$727,965$225,856$2,954,647
97$6,166,882$709,747$179,534$3,182,543
98$6,740,318$688,938$129,962$3,433,122
99$7,370,493$665,359$76,979$3,708,748
100$8,063,140$638,819$20,414$4,012,033