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%17.2%
1 years$54,502$54,017$53,543$53,081$52,629$51,088
2 years$26,981$26,479$25,992$25,520$25,062$23,521
3 years$17,809$17,304$16,818$16,351$15,900$14,409
4 years$13,224$12,720$12,239$11,780$11,340$9,910
5 years$10,473$9,973$9,498$9,048$8,621$7,255
6 years$8,640$8,144$7,676$7,236$6,821$5,521
7 years$7,331$6,839$6,379$5,949$5,547$4,313
8 years$6,350$5,862$5,410$4,990$4,602$3,433
9 years$5,587$5,104$4,659$4,251$3,876$2,770
10 years$4,977$4,499$4,062$3,664$3,302$2,259
11 years$4,479$4,005$3,576$3,189$2,840$1,857
12 years$4,064$3,595$3,174$2,797$2,461$1,537
13 years$3,713$3,249$2,836$2,469$2,146$1,279
14 years$3,412$2,953$2,548$2,192$1,881$1,068
15 years$3,152$2,698$2,300$1,955$1,656$896
16 years$2,924$2,475$2,086$1,750$1,464$753
17 years$2,723$2,279$1,898$1,573$1,298$634
18 years$2,545$2,106$1,732$1,417$1,154$536
19 years$2,386$1,952$1,586$1,281$1,029$453
20 years$2,243$1,814$1,456$1,160$919$384
21 years$2,114$1,690$1,339$1,053$822$325
22 years$1,996$1,577$1,234$957$737$276
23 years$1,889$1,475$1,139$872$662$234
24 years$1,792$1,382$1,054$795$595$199
25 years$1,702$1,297$976$726$535$169
26 years$1,619$1,219$905$664$482$144
27 years$1,542$1,147$840$608$435$123
28 years$1,471$1,081$781$557$392$104
29 years$1,405$1,020$727$511$354$89
30 years$1,343$963$677$469$320$76
31 years$1,286$910$631$430$289$65
32 years$1,232$861$589$395$262$55
33 years$1,182$816$550$364$237$47
34 years$1,135$773$514$335$214$40
35 years$1,090$733$480$308$194$34
36 years$1,048$696$449$284$176$29
37 years$1,009$661$421$261$159$25
38 years$971$628$394$241$145$21
39 years$936$597$369$222$131$18
40 years$902$568$346$205$119$15
41 years$871$541$324$189$108$13
42 years$840$515$304$174$98$11
43 years$812$491$286$161$89$10
44 years$784$468$268$149$81$8
45 years$758$446$252$137$73$7
46 years$733$426$236$127$66$6
47 years$710$406$222$117$60$5
48 years$687$388$209$108$55$4
49 years$665$370$196$100$50$4
50 years$644$354$184$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $660,000, adding $5,085 every year, while hoping to spend $51,758 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: 30/46/24 Blend
69$660,000$660,000$660,000$660,000
70$732,565$697,585$687,355$748,969
71$752,217$676,697$655,311$741,129
72$772,138$653,050$620,460$727,766
73$792,302$626,455$582,651$712,330
74$812,677$596,712$541,730$694,677
75$833,226$563,607$497,534$674,650
76$853,908$526,916$449,894$652,086
77$874,673$486,402$398,632$626,810
78$895,467$441,813$343,563$598,637
79$916,226$392,883$284,495$567,370
80$936,880$339,333$221,224$532,801
81$957,347$280,866$153,540$494,707
82$977,537$217,169$81,224$452,852
83$997,346$147,910$4,045$406,986
84$1,016,658$72,741$0$356,844
85$1,035,344$0$0$322,197
86$1,053,258$0$0$289,507
87$1,070,238$0$0$293,271
88$1,086,099$0$0$296,608
89$1,100,640$0$0$299,448
90$1,113,632$0$0$301,713
91$1,124,823$0$0$303,320
92$1,133,929$0$0$304,171
93$1,140,637$0$0$304,161
94$1,144,596$0$0$303,173
95$1,145,420$0$0$301,076
96$1,142,676$0$0$297,724
97$1,135,886$0$0$292,958
98$1,124,517$0$0$286,599
99$1,107,982$0$0$278,449
100$1,085,626$0$0$268,291