Can I retire at age 70 with 317,000?

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 $317,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$26,178$25,944$25,717$25,495$25,278$24,352
2 years$12,959$12,718$12,484$12,257$12,037$11,115
3 years$8,554$8,311$8,078$7,853$7,637$6,747
4 years$6,351$6,110$5,879$5,658$5,447$4,596
5 years$5,030$4,790$4,562$4,346$4,140$3,331
6 years$4,150$3,911$3,687$3,475$3,276$2,509
7 years$3,521$3,285$3,064$2,857$2,664$1,939
8 years$3,050$2,816$2,598$2,397$2,210$1,526
9 years$2,684$2,452$2,238$2,042$1,861$1,217
10 years$2,391$2,161$1,951$1,760$1,586$981
11 years$2,151$1,924$1,718$1,532$1,364$797
12 years$1,952$1,727$1,524$1,343$1,182$651
13 years$1,783$1,560$1,362$1,186$1,031$535
14 years$1,639$1,418$1,224$1,053$904$441
15 years$1,514$1,296$1,105$939$796$364
16 years$1,404$1,189$1,002$841$703$302
17 years$1,308$1,095$912$755$623$251
18 years$1,223$1,012$832$681$554$209
19 years$1,146$938$762$615$494$174
20 years$1,077$871$699$557$441$145
21 years$1,015$812$643$506$395$122
22 years$959$758$593$460$354$102
23 years$908$709$547$419$318$85
24 years$860$664$506$382$286$71
25 years$817$623$469$349$257$60
26 years$777$585$435$319$232$50
27 years$741$551$404$292$209$42
28 years$707$519$375$267$188$35
29 years$675$490$349$245$170$29
30 years$645$463$325$225$154$25
31 years$618$437$303$207$139$21
32 years$592$414$283$190$126$17
33 years$568$392$264$175$114$15
34 years$545$371$247$161$103$12
35 years$524$352$231$148$93$10
36 years$503$334$216$136$85$9
37 years$484$318$202$126$77$7
38 years$466$302$189$116$69$6
39 years$449$287$177$107$63$5
40 years$433$273$166$98$57$4
41 years$418$260$156$91$52$4
42 years$404$248$146$84$47$3
43 years$390$236$137$77$43$3
44 years$377$225$129$71$39$2
45 years$364$214$121$66$35$2
46 years$352$204$114$61$32$1
47 years$341$195$107$56$29$1
48 years$330$186$100$52$26$1
49 years$319$178$94$48$24$1
50 years$310$170$89$44$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $317,000, adding $4,282 every year, while hoping to spend $25,310 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: 54/16/30 Blend
69$317,000$317,000$317,000$317,000
70$353,751$336,950$332,036$369,689
71$362,904$326,531$316,230$370,774
72$372,142$314,753$299,046$369,029
73$381,448$301,523$280,411$366,632
74$390,800$286,742$260,249$363,531
75$400,175$270,306$238,481$359,670
76$409,546$252,104$215,023$354,988
77$418,882$232,020$189,789$349,422
78$428,149$209,929$162,688$342,900
79$437,307$185,703$133,625$335,350
80$446,312$159,202$102,501$326,690
81$455,114$130,281$69,213$316,835
82$463,657$98,786$33,653$305,692
83$471,879$64,555$0$293,161
84$479,708$27,416$0$280,511
85$487,066$0$0$277,837
86$493,866$0$0$276,526
87$500,008$0$0$279,634
88$505,383$0$0$282,269
89$509,870$0$0$284,357
90$513,331$0$0$285,816
91$515,617$0$0$286,557
92$516,558$0$0$286,478
93$515,968$0$0$285,469
94$513,640$0$0$283,404
95$509,343$0$0$280,146
96$502,822$0$0$275,542
97$493,794$0$0$269,424
98$481,945$0$0$261,604
99$466,928$0$0$251,874
100$448,358$0$0$240,004