Can I retire at age 70 with 411,000?

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 $411,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$33,940$33,638$33,343$33,055$32,774$32,581
2 years$16,802$16,489$16,186$15,892$15,607$15,412
3 years$11,090$10,776$10,473$10,182$9,901$9,711
4 years$8,235$7,921$7,622$7,336$7,062$6,877
5 years$6,522$6,210$5,915$5,634$5,368$5,190
6 years$5,380$5,071$4,780$4,506$4,248$4,076
7 years$4,565$4,259$3,972$3,705$3,455$3,290
8 years$3,954$3,651$3,369$3,108$2,866$2,708
9 years$3,479$3,179$2,902$2,647$2,413$2,262
10 years$3,100$2,802$2,530$2,282$2,056$1,911
11 years$2,789$2,494$2,227$1,986$1,769$1,630
12 years$2,531$2,239$1,976$1,742$1,533$1,400
13 years$2,312$2,023$1,766$1,538$1,336$1,210
14 years$2,125$1,839$1,587$1,365$1,172$1,051
15 years$1,963$1,680$1,432$1,217$1,032$917
16 years$1,821$1,541$1,299$1,090$912$803
17 years$1,696$1,419$1,182$979$808$705
18 years$1,585$1,312$1,079$883$719$621
19 years$1,486$1,216$988$798$641$548
20 years$1,397$1,130$906$722$572$485
21 years$1,316$1,052$834$656$512$429
22 years$1,243$982$768$596$459$381
23 years$1,177$919$709$543$412$338
24 years$1,116$861$656$495$370$301
25 years$1,060$808$608$452$333$268
26 years$1,008$759$564$413$300$239
27 years$960$714$523$378$271$213
28 years$916$673$487$347$244$190
29 years$875$635$453$318$221$170
30 years$837$600$422$292$199$152
31 years$801$567$393$268$180$136
32 years$767$536$367$246$163$121
33 years$736$508$343$226$147$108
34 years$707$482$320$208$134$97
35 years$679$457$299$192$121$87
36 years$653$433$280$177$110$78
37 years$628$412$262$163$99$70
38 years$605$391$245$150$90$62
39 years$583$372$230$138$82$56
40 years$562$354$215$128$74$50
41 years$542$337$202$118$67$45
42 years$523$321$190$109$61$40
43 years$505$306$178$100$55$36
44 years$488$291$167$93$50$32
45 years$472$278$157$86$46$29
46 years$457$265$147$79$41$26
47 years$442$253$138$73$38$23
48 years$428$242$130$67$34$21
49 years$414$231$122$62$31$19
50 years$401$220$115$58$28$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $411,000, adding $3,191 every year, while hoping to spend $30,351 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: 37/34/29 Blend
69$411,000$411,000$411,000$411,000
70$456,214$434,431$428,060$469,045
71$470,454$423,424$410,107$467,827
72$485,130$410,862$390,535$463,530
73$500,253$396,634$369,258$458,312
74$515,837$380,627$346,186$452,112
75$531,894$362,719$321,225$444,862
76$548,437$342,783$294,276$436,493
77$565,480$320,681$265,236$426,932
78$583,036$296,271$233,998$416,100
79$601,118$269,401$200,450$403,916
80$619,741$239,911$164,474$390,293
81$638,919$207,631$125,949$375,139
82$658,666$172,382$84,745$358,358
83$678,997$133,976$40,731$339,849
84$699,925$92,211$0$319,505
85$721,466$46,877$0$299,145
86$743,633$0$0$290,292
87$766,442$0$0$281,094
88$789,906$0$0$289,672
89$814,040$0$0$298,492
90$838,858$0$0$307,558
91$864,374$0$0$316,876
92$890,601$0$0$326,450
93$917,552$0$0$336,283
94$945,240$0$0$346,380
95$973,675$0$0$356,745
96$1,002,870$0$0$367,381
97$1,032,834$0$0$378,290
98$1,063,576$0$0$389,476
99$1,095,103$0$0$400,939
100$1,127,422$0$0$412,681