Can I retire at age 70 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$55,163$54,671$54,192$53,724$53,267$52,580
2 years$27,308$26,800$26,307$25,829$25,365$24,674
3 years$18,025$17,514$17,022$16,549$16,093$15,419
4 years$13,384$12,875$12,388$11,923$11,478$10,826
5 years$10,600$10,094$9,613$9,158$8,725$8,098
6 years$8,745$8,242$7,769$7,323$6,904$6,302
7 years$7,420$6,922$6,456$6,021$5,615$5,038
8 years$6,427$5,933$5,475$5,051$4,658$4,107
9 years$5,655$5,166$4,716$4,302$3,923$3,396
10 years$5,038$4,554$4,111$3,709$3,342$2,841
11 years$4,533$4,054$3,620$3,228$2,874$2,397
12 years$4,113$3,639$3,212$2,831$2,491$2,037
13 years$3,758$3,288$2,870$2,499$2,172$1,742
14 years$3,453$2,989$2,579$2,219$1,904$1,496
15 years$3,190$2,730$2,328$1,979$1,677$1,290
16 years$2,959$2,505$2,111$1,772$1,482$1,117
17 years$2,756$2,307$1,921$1,592$1,314$969
18 years$2,576$2,132$1,753$1,435$1,168$843
19 years$2,415$1,976$1,605$1,296$1,041$735
20 years$2,270$1,836$1,473$1,174$930$642
21 years$2,139$1,710$1,355$1,065$832$562
22 years$2,021$1,596$1,249$969$746$492
23 years$1,912$1,493$1,153$882$670$431
24 years$1,813$1,399$1,066$805$602$379
25 years$1,722$1,313$988$735$542$333
26 years$1,638$1,234$916$672$488$292
27 years$1,561$1,161$851$615$440$257
28 years$1,489$1,094$791$564$397$227
29 years$1,422$1,032$736$517$358$200
30 years$1,360$975$685$474$324$176
31 years$1,302$922$639$436$293$155
32 years$1,247$872$596$400$265$137
33 years$1,196$826$557$368$240$121
34 years$1,148$783$520$339$217$106
35 years$1,103$742$486$312$197$94
36 years$1,061$705$455$287$178$83
37 years$1,021$669$426$265$161$73
38 years$983$636$399$244$146$65
39 years$947$605$374$225$133$57
40 years$913$575$350$207$120$50
41 years$881$548$328$191$109$45
42 years$850$522$308$177$99$39
43 years$821$497$289$163$90$35
44 years$794$474$271$151$82$31
45 years$767$452$255$139$74$27
46 years$742$431$239$128$67$24
47 years$718$411$225$119$61$21
48 years$695$393$211$110$55$19
49 years$673$375$199$101$50$17
50 years$652$358$187$94$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $668,000, adding $5,230 every year, while hoping to spend $39,757 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: 52/24/24 Blend
69$668,000$668,000$668,000$668,000
70$741,531$706,127$695,773$774,888
71$774,866$698,426$676,780$790,814
72$810,268$689,015$655,818$803,630
73$847,908$677,769$632,780$816,753
74$887,968$664,554$607,553$830,228
75$930,653$649,228$580,017$844,107
76$976,183$631,644$550,051$858,447
77$1,024,801$611,642$517,525$873,317
78$1,076,773$589,054$482,305$888,793
79$1,132,390$563,705$444,248$904,963
80$1,191,973$535,405$403,210$921,927
81$1,255,872$503,958$359,035$939,798
82$1,324,471$469,152$311,563$958,703
83$1,398,193$430,767$260,626$978,787
84$1,477,502$388,567$206,050$1,000,213
85$1,562,906$342,306$147,652$1,023,167
86$1,654,964$291,720$85,240$1,047,854
87$1,754,291$236,535$18,616$1,074,507
88$1,861,560$176,456$0$1,103,388
89$1,977,512$111,177$0$1,148,232
90$2,102,964$40,369$0$1,201,886
91$2,238,809$0$0$1,260,005
92$2,386,033$0$0$1,332,651
93$2,545,718$0$0$1,423,066
94$2,719,055$0$0$1,521,269
95$2,907,353$0$0$1,628,010
96$3,112,052$0$0$1,744,114
97$3,334,737$0$0$1,870,486
98$3,577,152$0$0$2,008,125
99$3,841,215$0$0$2,158,129
100$4,129,036$0$0$2,321,706