Can I retire at age 70 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$32,701$32,410$32,126$31,848$31,578$30,313
2 years$16,189$15,887$15,595$15,312$15,037$13,779
3 years$10,685$10,383$10,091$9,810$9,540$8,328
4 years$7,934$7,632$7,344$7,068$6,804$5,647
5 years$6,284$5,984$5,699$5,429$5,172$4,073
6 years$5,184$4,886$4,606$4,341$4,093$3,053
7 years$4,399$4,103$3,827$3,569$3,328$2,347
8 years$3,810$3,517$3,246$2,994$2,761$1,837
9 years$3,352$3,063$2,796$2,550$2,325$1,457
10 years$2,986$2,699$2,437$2,198$1,981$1,168
11 years$2,687$2,403$2,146$1,913$1,704$943
12 years$2,438$2,157$1,904$1,678$1,477$766
13 years$2,228$1,949$1,701$1,482$1,288$625
14 years$2,047$1,772$1,529$1,315$1,129$512
15 years$1,891$1,619$1,380$1,173$994$421
16 years$1,754$1,485$1,251$1,050$878$347
17 years$1,634$1,368$1,139$944$779$286
18 years$1,527$1,264$1,039$850$693$237
19 years$1,432$1,171$952$768$617$196
20 years$1,346$1,088$873$696$551$162
21 years$1,268$1,014$803$632$493$135
22 years$1,198$946$740$574$442$112
23 years$1,134$885$684$523$397$93
24 years$1,075$829$632$477$357$77
25 years$1,021$778$586$436$321$64
26 years$971$731$543$398$289$53
27 years$925$688$504$365$261$44
28 years$883$649$469$334$235$37
29 years$843$612$436$306$212$31
30 years$806$578$406$281$192$26
31 years$772$546$379$258$174$21
32 years$739$517$353$237$157$18
33 years$709$490$330$218$142$15
34 years$681$464$308$201$129$12
35 years$654$440$288$185$117$10
36 years$629$418$270$170$106$9
37 years$605$397$252$157$96$7
38 years$583$377$236$145$87$6
39 years$562$358$221$133$79$5
40 years$541$341$208$123$71$4
41 years$522$325$195$113$65$3
42 years$504$309$183$105$59$3
43 years$487$295$171$97$53$2
44 years$471$281$161$89$48$2
45 years$455$268$151$82$44$2
46 years$440$255$142$76$40$1
47 years$426$244$133$70$36$1
48 years$412$233$125$65$33$1
49 years$399$222$118$60$30$1
50 years$387$212$111$56$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $396,000, adding $4,173 every year, while hoping to spend $33,117 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: 43/36/21 Blend
69$396,000$396,000$396,000$396,000
70$440,696$419,708$413,570$456,791
71$450,411$405,038$392,189$453,924
72$460,007$388,539$368,981$447,279
73$469,437$370,086$343,851$439,404
74$478,647$349,548$316,698$430,200
75$487,579$326,786$287,417$419,565
76$496,165$301,651$255,899$407,387
77$504,331$273,990$222,028$393,549
78$511,993$243,635$185,686$377,920
79$519,058$210,414$146,748$360,366
80$525,420$174,143$105,083$340,738
81$530,964$134,628$60,554$318,879
82$535,560$91,662$13,021$294,619
83$539,064$45,030$0$267,775
84$541,315$0$0$246,600
85$542,134$0$0$228,276
86$541,323$0$0$226,990
87$538,662$0$0$224,800
88$533,907$0$0$221,587
89$526,786$0$0$217,223
90$516,999$0$0$211,565
91$504,213$0$0$204,454
92$488,058$0$0$195,713
93$468,128$0$0$185,148
94$443,968$0$0$172,545
95$415,079$0$0$157,663
96$380,906$0$0$140,241
97$340,838$0$0$119,987
98$294,198$0$0$96,577
99$240,235$0$0$69,657
100$178,123$0$0$38,833