Can I retire at age 70 with 667,000?

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 $667,000?

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$55,080$54,590$54,111$53,644$53,188$52,720
2 years$27,267$26,760$26,267$25,790$25,327$24,856
3 years$17,998$17,488$16,997$16,524$16,069$15,608
4 years$13,364$12,855$12,369$11,905$11,460$11,015
5 years$10,584$10,079$9,599$9,144$8,712$8,282
6 years$8,732$8,230$7,757$7,312$6,893$6,480
7 years$7,409$6,912$6,447$6,012$5,606$5,209
8 years$6,417$5,924$5,467$5,043$4,651$4,271
9 years$5,647$5,158$4,709$4,296$3,917$3,553
10 years$5,030$4,547$4,105$3,703$3,337$2,990
11 years$4,526$4,048$3,614$3,223$2,870$2,539
12 years$4,107$3,633$3,208$2,827$2,487$2,171
13 years$3,752$3,283$2,866$2,496$2,169$1,868
14 years$3,448$2,984$2,575$2,215$1,901$1,616
15 years$3,185$2,726$2,325$1,976$1,674$1,403
16 years$2,955$2,501$2,108$1,769$1,479$1,222
17 years$2,752$2,304$1,918$1,589$1,312$1,068
18 years$2,572$2,129$1,751$1,432$1,166$936
19 years$2,412$1,973$1,603$1,294$1,040$822
20 years$2,267$1,833$1,471$1,172$929$723
21 years$2,136$1,708$1,353$1,064$831$637
22 years$2,018$1,594$1,247$967$745$563
23 years$1,910$1,491$1,151$881$669$497
24 years$1,811$1,397$1,065$803$601$440
25 years$1,720$1,311$986$734$541$389
26 years$1,636$1,232$915$671$487$345
27 years$1,558$1,159$849$614$439$306
28 years$1,487$1,093$790$563$396$272
29 years$1,420$1,031$735$516$358$241
30 years$1,358$973$684$474$323$214
31 years$1,300$920$638$435$292$190
32 years$1,245$871$595$400$264$169
33 years$1,194$824$556$368$239$151
34 years$1,147$781$519$338$217$134
35 years$1,102$741$486$311$196$119
36 years$1,059$703$454$287$178$106
37 years$1,019$668$425$264$161$95
38 years$982$635$398$243$146$84
39 years$946$604$373$225$132$75
40 years$912$574$350$207$120$67
41 years$880$547$328$191$109$60
42 years$849$521$308$176$99$53
43 years$820$496$289$163$90$47
44 years$792$473$271$150$81$42
45 years$766$451$254$139$74$38
46 years$741$430$239$128$67$34
47 years$717$411$224$118$61$30
48 years$694$392$211$109$55$27
49 years$672$374$198$101$50$24
50 years$651$358$186$93$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $667,000, adding $2,946 every year, while hoping to spend $51,233 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: 73/22/5 Blend
69$667,000$667,000$667,000$667,000
70$738,073$702,722$692,383$791,439
71$758,845$682,644$661,067$806,899
72$780,018$659,865$626,984$817,064
73$801,580$634,198$589,988$826,728
74$823,515$605,447$549,926$835,827
75$845,802$573,403$506,637$844,288
76$868,418$537,844$459,954$852,032
77$891,337$498,538$409,702$858,975
78$914,524$455,238$355,698$865,025
79$937,943$407,682$297,752$870,081
80$961,551$355,596$235,664$874,035
81$985,296$298,687$169,226$876,768
82$1,009,122$236,648$98,220$878,152
83$1,032,963$169,155$22,421$878,048
84$1,056,744$95,862$0$876,304
85$1,080,382$16,409$0$875,876
86$1,103,779$0$0$874,945
87$1,126,829$0$0$888,981
88$1,149,409$0$0$906,595
89$1,171,384$0$0$923,703
90$1,192,599$0$0$940,183
91$1,212,883$0$0$955,895
92$1,232,042$0$0$970,684
93$1,249,863$0$0$984,376
94$1,266,104$0$0$996,777
95$1,280,497$0$0$1,007,671
96$1,292,744$0$0$1,016,816
97$1,302,512$0$0$1,023,945
98$1,309,430$0$0$1,028,758
99$1,313,086$0$0$1,030,924
100$1,313,024$0$0$1,030,073