Can I retire at age 70 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,245$54,753$54,273$53,805$53,347$52,399
2 years$27,349$26,840$26,346$25,868$25,403$24,451
3 years$18,052$17,540$17,048$16,574$16,117$15,190
4 years$13,404$12,894$12,406$11,940$11,495$10,601
5 years$10,616$10,109$9,628$9,171$8,738$7,880
6 years$8,758$8,255$7,781$7,334$6,914$6,093
7 years$7,431$6,932$6,466$6,030$5,623$4,838
8 years$6,437$5,942$5,484$5,058$4,665$3,916
9 years$5,664$5,174$4,723$4,309$3,929$3,216
10 years$5,045$4,560$4,118$3,714$3,347$2,670
11 years$4,540$4,060$3,625$3,232$2,879$2,237
12 years$4,119$3,644$3,217$2,835$2,495$1,886
13 years$3,763$3,293$2,874$2,503$2,175$1,600
14 years$3,458$2,993$2,583$2,222$1,907$1,363
15 years$3,195$2,734$2,332$1,982$1,679$1,166
16 years$2,964$2,509$2,114$1,774$1,484$1,001
17 years$2,761$2,311$1,924$1,594$1,316$861
18 years$2,580$2,135$1,756$1,437$1,170$743
19 years$2,419$1,979$1,608$1,298$1,043$642
20 years$2,274$1,839$1,475$1,176$931$556
21 years$2,143$1,713$1,357$1,067$834$482
22 years$2,024$1,599$1,251$970$747$418
23 years$1,915$1,495$1,155$884$671$363
24 years$1,816$1,401$1,068$806$603$316
25 years$1,725$1,315$989$736$542$275
26 years$1,641$1,236$917$673$489$239
27 years$1,563$1,163$852$616$441$209
28 years$1,491$1,096$792$564$397$182
29 years$1,424$1,034$737$518$359$159
30 years$1,362$976$686$475$324$138
31 years$1,304$923$640$436$293$121
32 years$1,249$873$597$401$265$105
33 years$1,198$827$558$369$240$92
34 years$1,150$784$521$339$217$80
35 years$1,105$743$487$312$197$70
36 years$1,063$706$456$288$178$61
37 years$1,022$670$426$265$162$54
38 years$985$637$399$244$147$47
39 years$949$606$374$225$133$41
40 years$915$576$351$208$121$36
41 years$882$548$329$192$109$31
42 years$852$522$308$177$99$27
43 years$823$498$289$163$90$24
44 years$795$474$272$151$82$21
45 years$768$452$255$139$74$18
46 years$743$432$240$129$67$16
47 years$719$412$225$119$61$14
48 years$696$393$212$110$56$12
49 years$674$375$199$101$50$11
50 years$653$359$187$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $669,000, adding $6,934 every year, while hoping to spend $47,240 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: 80/12/8 Blend
69$669,000$669,000$669,000$669,000
70$744,390$708,933$698,564$802,608
71$770,055$693,408$671,703$826,235
72$796,755$675,539$642,359$845,240
73$824,544$655,161$610,398$864,679
74$853,484$632,100$575,682$884,571
75$883,637$606,171$538,066$904,937
76$915,074$577,179$497,397$925,801
77$947,869$544,918$453,517$947,191
78$982,101$509,169$406,260$969,135
79$1,017,858$469,701$355,452$991,666
80$1,055,233$426,270$300,914$1,014,823
81$1,094,328$378,618$242,455$1,038,645
82$1,135,251$326,471$179,878$1,063,180
83$1,178,121$269,543$112,979$1,088,478
84$1,223,067$207,528$41,541$1,114,596
85$1,270,227$140,105$0$1,141,599
86$1,319,754$66,934$0$1,172,520
87$1,371,812$0$0$1,208,453
88$1,426,579$0$0$1,247,589
89$1,484,249$0$0$1,298,114
90$1,545,035$0$0$1,351,375
91$1,609,167$0$0$1,407,576
92$1,676,897$0$0$1,466,938
93$1,748,498$0$0$1,529,702
94$1,824,270$0$0$1,596,131
95$1,904,539$0$0$1,666,514
96$1,989,664$0$0$1,741,165
97$2,080,033$0$0$1,820,428
98$2,176,073$0$0$1,904,677
99$2,278,252$0$0$1,994,325
100$2,387,080$0$0$2,089,821