Can I retire at age 70 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$42,941$42,559$42,185$41,821$41,466$41,015
2 years$21,258$20,862$20,478$20,106$19,745$19,292
3 years$14,031$13,634$13,251$12,882$12,527$12,085
4 years$10,419$10,022$9,643$9,281$8,935$8,507
5 years$8,251$7,857$7,484$7,129$6,792$6,380
6 years$6,807$6,416$6,048$5,701$5,374$4,978
7 years$5,776$5,388$5,026$4,687$4,371$3,991
8 years$5,003$4,619$4,262$3,932$3,626$3,262
9 years$4,402$4,021$3,671$3,349$3,054$2,706
10 years$3,922$3,545$3,201$2,887$2,602$2,270
11 years$3,529$3,156$2,818$2,512$2,238$1,922
12 years$3,202$2,832$2,501$2,204$1,939$1,639
13 years$2,925$2,560$2,234$1,946$1,691$1,405
14 years$2,688$2,327$2,007$1,727$1,482$1,211
15 years$2,483$2,125$1,812$1,540$1,305$1,048
16 years$2,304$1,950$1,643$1,379$1,153$910
17 years$2,146$1,796$1,495$1,239$1,023$793
18 years$2,005$1,660$1,365$1,117$909$692
19 years$1,880$1,538$1,250$1,009$811$606
20 years$1,767$1,429$1,147$914$724$531
21 years$1,665$1,331$1,055$829$648$466
22 years$1,573$1,243$972$754$581$410
23 years$1,489$1,162$898$687$521$361
24 years$1,412$1,089$830$626$469$318
25 years$1,341$1,022$769$572$422$280
26 years$1,275$960$713$523$380$248
27 years$1,215$904$662$479$342$219
28 years$1,159$852$616$439$309$193
29 years$1,107$804$573$402$279$171
30 years$1,058$759$534$369$252$151
31 years$1,013$717$497$339$228$134
32 years$971$679$464$312$206$119
33 years$931$643$433$287$187$105
34 years$894$609$405$264$169$93
35 years$859$578$379$243$153$82
36 years$826$548$354$224$139$73
37 years$795$521$331$206$126$65
38 years$765$495$310$190$114$57
39 years$737$471$291$175$103$51
40 years$711$448$273$161$94$45
41 years$686$426$256$149$85$40
42 years$662$406$240$137$77$36
43 years$639$387$225$127$70$32
44 years$618$369$211$117$64$28
45 years$597$352$198$108$58$25
46 years$578$335$186$100$52$22
47 years$559$320$175$92$48$20
48 years$541$306$164$85$43$17
49 years$524$292$155$79$39$15
50 years$508$279$145$73$36$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $520,000, adding $4,588 every year, while hoping to spend $23,403 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: 77/18/5 Blend
69$520,000$520,000$520,000$520,000
70$577,773$550,213$542,153$621,749
71$611,805$552,272$535,414$653,305
72$648,524$553,649$527,665$684,392
73$688,179$554,283$518,848$717,778
74$731,045$554,115$508,901$753,679
75$777,422$553,077$497,760$792,337
76$827,642$551,100$485,357$834,015
77$882,068$548,111$471,623$879,005
78$941,100$544,030$456,484$927,628
79$1,005,180$538,775$439,864$980,238
80$1,074,790$532,257$421,681$1,037,224
81$1,150,464$524,382$401,853$1,099,017
82$1,232,787$515,053$380,290$1,166,091
83$1,322,403$504,162$356,902$1,238,968
84$1,420,023$491,601$331,593$1,318,223
85$1,526,425$477,249$304,262$1,404,492
86$1,642,470$460,984$274,804$1,498,475
87$1,769,103$442,673$243,110$1,600,944
88$1,907,363$422,176$209,067$1,712,749
89$2,058,398$399,346$172,554$1,834,829
90$2,223,467$374,026$133,447$1,968,217
91$2,403,959$346,052$91,616$2,114,054
92$2,601,403$315,249$46,925$2,273,597
93$2,817,482$281,432$0$2,448,232
94$3,054,048$244,406$0$2,639,529
95$3,313,144$203,965$0$2,851,806
96$3,597,017$159,891$0$3,084,423
97$3,908,142$111,954$0$3,339,437
98$4,249,244$59,912$0$3,619,115
99$4,623,327$3,508$0$3,925,957
100$5,033,697$0$0$4,262,717