Can I retire at age 70 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$54,998$54,508$54,030$53,563$53,108$52,014
2 years$27,227$26,719$26,228$25,752$25,289$24,193
3 years$17,971$17,461$16,971$16,499$16,045$14,979
4 years$13,344$12,836$12,351$11,887$11,443$10,417
5 years$10,568$10,064$9,585$9,130$8,699$7,715
6 years$8,719$8,218$7,746$7,302$6,883$5,942
7 years$7,398$6,901$6,437$6,003$5,598$4,700
8 years$6,408$5,916$5,459$5,036$4,644$3,789
9 years$5,638$5,151$4,702$4,289$3,911$3,099
10 years$5,023$4,540$4,099$3,697$3,332$2,562
11 years$4,520$4,042$3,609$3,218$2,866$2,136
12 years$4,101$3,628$3,203$2,823$2,483$1,793
13 years$3,746$3,278$2,861$2,492$2,166$1,514
14 years$3,443$2,980$2,571$2,212$1,898$1,284
15 years$3,180$2,722$2,321$1,973$1,672$1,093
16 years$2,951$2,498$2,105$1,766$1,477$934
17 years$2,748$2,300$1,915$1,587$1,310$799
18 years$2,569$2,125$1,748$1,430$1,165$686
19 years$2,408$1,970$1,600$1,292$1,038$590
20 years$2,264$1,830$1,469$1,170$927$508
21 years$2,133$1,705$1,351$1,062$830$438
22 years$2,015$1,592$1,245$966$744$378
23 years$1,907$1,489$1,150$880$668$327
24 years$1,808$1,395$1,063$802$600$282
25 years$1,717$1,309$985$733$540$244
26 years$1,633$1,230$913$670$486$212
27 years$1,556$1,158$848$613$439$183
28 years$1,484$1,091$788$562$396$159
29 years$1,418$1,029$734$515$357$138
30 years$1,356$972$683$473$323$120
31 years$1,298$919$637$434$292$104
32 years$1,244$869$594$399$264$90
33 years$1,193$823$555$367$239$78
34 years$1,145$780$519$338$216$68
35 years$1,100$740$485$311$196$59
36 years$1,058$702$454$286$178$51
37 years$1,018$667$425$264$161$45
38 years$980$634$398$243$146$39
39 years$944$603$372$224$132$34
40 years$911$574$349$207$120$29
41 years$878$546$327$191$109$25
42 years$848$520$307$176$99$22
43 years$819$495$288$163$90$19
44 years$791$472$270$150$81$17
45 years$765$450$254$139$74$15
46 years$740$430$239$128$67$13
47 years$716$410$224$118$61$11
48 years$693$391$211$109$55$10
49 years$671$374$198$101$50$8
50 years$650$357$186$93$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $666,000, adding $2,061 every year, while hoping to spend $44,598 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: 45/30/25 Blend
69$666,000$666,000$666,000$666,000
70$736,058$700,760$690,437$763,785
71$763,684$687,645$666,115$770,493
72$792,633$672,393$639,483$773,271
73$822,993$654,852$610,417$775,403
74$854,860$634,861$578,787$776,852
75$888,336$612,250$544,457$777,580
76$923,535$586,838$507,285$777,551
77$960,578$558,437$467,122$776,726
78$999,600$526,842$423,813$775,068
79$1,040,744$491,843$377,196$772,541
80$1,084,170$453,213$327,102$769,108
81$1,130,049$410,714$273,354$764,734
82$1,178,570$364,095$215,767$759,386
83$1,229,937$313,089$154,148$753,031
84$1,284,375$257,414$88,296$745,642
85$1,342,128$196,775$18,002$737,190
86$1,403,465$130,857$0$727,655
87$1,468,678$59,329$0$732,227
88$1,538,088$0$0$741,796
89$1,612,046$0$0$757,610
90$1,690,934$0$0$795,414
91$1,775,175$0$0$835,830
92$1,865,229$0$0$879,087
93$1,961,601$0$0$925,433
94$2,064,847$0$0$975,141
95$2,175,573$0$0$1,028,513
96$2,294,446$0$0$1,085,876
97$2,422,199$0$0$1,147,592
98$2,559,635$0$0$1,214,059
99$2,707,636$0$0$1,285,712
100$2,867,171$0$0$1,363,030