Can I retire at age 70 with 442,000?

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 $442,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$36,500$36,175$35,858$35,548$35,246$34,562
2 years$18,069$17,733$17,407$17,090$16,784$16,098
3 years$11,927$11,589$11,263$10,950$10,648$9,982
4 years$8,856$8,519$8,197$7,889$7,594$6,952
5 years$7,014$6,679$6,361$6,059$5,773$5,157
6 years$5,786$5,454$5,141$4,846$4,568$3,978
7 years$4,910$4,580$4,272$3,984$3,715$3,152
8 years$4,253$3,926$3,623$3,342$3,082$2,546
9 years$3,742$3,418$3,120$2,847$2,596$2,086
10 years$3,333$3,013$2,720$2,454$2,212$1,727
11 years$2,999$2,682$2,395$2,136$1,902$1,443
12 years$2,721$2,408$2,126$1,873$1,648$1,214
13 years$2,486$2,176$1,899$1,654$1,437$1,027
14 years$2,285$1,978$1,706$1,468$1,260$873
15 years$2,111$1,807$1,541$1,309$1,109$744
16 years$1,958$1,658$1,397$1,172$980$637
17 years$1,824$1,527$1,271$1,053$869$547
18 years$1,705$1,411$1,160$949$773$470
19 years$1,598$1,307$1,062$858$689$405
20 years$1,502$1,215$975$777$615$350
21 years$1,416$1,132$897$705$551$302
22 years$1,337$1,056$826$641$494$261
23 years$1,265$988$763$584$443$226
24 years$1,200$926$706$532$398$196
25 years$1,140$869$654$486$358$170
26 years$1,084$816$606$445$323$148
27 years$1,033$768$563$407$291$128
28 years$985$724$523$373$263$112
29 years$941$683$487$342$237$97
30 years$900$645$454$314$214$84
31 years$861$610$423$288$194$73
32 years$825$577$395$265$175$64
33 years$792$546$368$244$159$56
34 years$760$518$344$224$144$48
35 years$730$491$322$206$130$42
36 years$702$466$301$190$118$37
37 years$675$443$282$175$107$32
38 years$650$421$264$161$97$28
39 years$627$400$247$149$88$24
40 years$604$381$232$137$80$21
41 years$583$362$217$127$72$18
42 years$563$345$204$117$66$16
43 years$543$329$191$108$59$14
44 years$525$313$180$100$54$12
45 years$508$299$169$92$49$11
46 years$491$285$158$85$45$9
47 years$475$272$149$78$40$8
48 years$460$260$140$73$37$7
49 years$445$248$131$67$33$6
50 years$432$237$124$62$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $442,000, adding $5,085 every year, while hoping to spend $35,476 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: 55/38/7 Blend
69$442,000$442,000$442,000$442,000
70$492,329$468,903$462,052$518,338
71$504,801$454,133$439,785$521,711
72$517,355$437,451$415,582$521,011
73$529,964$418,724$389,343$519,385
74$542,593$397,815$360,959$516,749
75$555,206$374,576$330,319$513,014
76$567,759$348,852$297,307$508,084
77$580,204$320,480$261,801$501,856
78$592,487$289,285$223,673$494,217
79$604,545$255,085$182,790$485,049
80$616,309$217,684$139,014$474,221
81$627,701$176,879$92,200$461,594
82$638,634$132,454$42,196$447,019
83$649,010$84,179$0$430,334
84$658,718$31,813$0$412,197
85$667,638$0$0$395,006
86$675,632$0$0$385,825
87$682,548$0$0$389,271
88$688,217$0$0$391,938
89$692,449$0$0$393,709
90$695,035$0$0$394,458
91$695,741$0$0$394,042
92$694,309$0$0$392,303
93$690,449$0$0$389,066
94$683,844$0$0$384,136
95$674,139$0$0$377,297
96$660,941$0$0$368,312
97$643,815$0$0$356,915
98$622,279$0$0$342,813
99$595,799$0$0$325,681
100$563,785$0$0$305,162