Can I retire at age 70 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$54,502$54,017$53,543$53,081$52,629$50,884
2 years$26,981$26,479$25,992$25,520$25,062$23,320
3 years$17,809$17,304$16,818$16,351$15,900$14,217
4 years$13,224$12,720$12,239$11,780$11,340$9,728
5 years$10,473$9,973$9,498$9,048$8,621$7,084
6 years$8,640$8,144$7,676$7,236$6,821$5,362
7 years$7,331$6,839$6,379$5,949$5,547$4,165
8 years$6,350$5,862$5,410$4,990$4,602$3,296
9 years$5,587$5,104$4,659$4,251$3,876$2,643
10 years$4,977$4,499$4,062$3,664$3,302$2,142
11 years$4,479$4,005$3,576$3,189$2,840$1,750
12 years$4,064$3,595$3,174$2,797$2,461$1,439
13 years$3,713$3,249$2,836$2,469$2,146$1,189
14 years$3,412$2,953$2,548$2,192$1,881$986
15 years$3,152$2,698$2,300$1,955$1,656$821
16 years$2,924$2,475$2,086$1,750$1,464$685
17 years$2,723$2,279$1,898$1,573$1,298$573
18 years$2,545$2,106$1,732$1,417$1,154$480
19 years$2,386$1,952$1,586$1,281$1,029$403
20 years$2,243$1,814$1,456$1,160$919$339
21 years$2,114$1,690$1,339$1,053$822$285
22 years$1,996$1,577$1,234$957$737$240
23 years$1,889$1,475$1,139$872$662$202
24 years$1,792$1,382$1,054$795$595$171
25 years$1,702$1,297$976$726$535$144
26 years$1,619$1,219$905$664$482$121
27 years$1,542$1,147$840$608$435$103
28 years$1,471$1,081$781$557$392$87
29 years$1,405$1,020$727$511$354$73
30 years$1,343$963$677$469$320$62
31 years$1,286$910$631$430$289$52
32 years$1,232$861$589$395$262$44
33 years$1,182$816$550$364$237$37
34 years$1,135$773$514$335$214$32
35 years$1,090$733$480$308$194$27
36 years$1,048$696$449$284$176$23
37 years$1,009$661$421$261$159$19
38 years$971$628$394$241$145$16
39 years$936$597$369$222$131$14
40 years$902$568$346$205$119$12
41 years$871$541$324$189$108$10
42 years$840$515$304$174$98$8
43 years$812$491$286$161$89$7
44 years$784$468$268$149$81$6
45 years$758$446$252$137$73$5
46 years$733$426$236$127$66$4
47 years$710$406$222$117$60$4
48 years$687$388$209$108$55$3
49 years$665$370$196$100$50$3
50 years$644$354$184$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $660,000, adding $6,354 every year, while hoping to spend $39,352 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: 74/10/16 Blend
69$660,000$660,000$660,000$660,000
70$733,874$698,894$688,664$785,089
71$766,859$691,270$669,864$812,231
72$801,890$681,953$649,115$836,503
73$839,133$670,819$626,311$862,051
74$878,771$657,736$601,340$888,995
75$921,006$642,565$574,084$917,461
76$966,055$625,157$544,423$947,595
77$1,014,159$605,356$512,227$979,554
78$1,065,580$582,996$477,364$1,013,513
79$1,120,609$557,902$439,695$1,049,667
80$1,179,559$529,888$399,073$1,088,229
81$1,242,779$498,757$355,347$1,129,437
82$1,310,649$464,303$308,358$1,173,553
83$1,383,587$426,305$257,940$1,220,868
84$1,462,051$384,532$203,918$1,271,703
85$1,546,544$338,738$146,114$1,326,413
86$1,637,619$288,664$84,336$1,385,389
87$1,735,884$234,036$18,389$1,449,067
88$1,842,006$174,566$0$1,517,926
89$1,956,718$109,946$0$1,601,371
90$2,080,825$39,856$0$1,695,042
91$2,215,213$0$0$1,796,482
92$2,360,857$0$0$1,910,413
93$2,518,827$0$0$2,038,767
94$2,690,300$0$0$2,178,119
95$2,876,572$0$0$2,329,523
96$3,079,067$0$0$2,494,142
97$3,299,353$0$0$2,673,252
98$3,539,154$0$0$2,868,260
99$3,800,367$0$0$3,080,712
100$4,085,082$0$0$3,312,311