Can I retire at age 70 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$46,409$45,996$45,593$45,199$44,815$44,626
2 years$22,975$22,547$22,132$21,730$21,340$21,150
3 years$15,164$14,735$14,321$13,923$13,539$13,353
4 years$11,260$10,832$10,422$10,031$9,656$9,475
5 years$8,918$8,492$8,088$7,704$7,341$7,166
6 years$7,357$6,934$6,536$6,161$5,808$5,640
7 years$6,243$5,824$5,432$5,066$4,724$4,561
8 years$5,407$4,992$4,607$4,249$3,919$3,763
9 years$4,758$4,346$3,968$3,620$3,300$3,151
10 years$4,238$3,831$3,459$3,120$2,812$2,669
11 years$3,814$3,411$3,045$2,715$2,418$2,281
12 years$3,460$3,061$2,703$2,382$2,096$1,965
13 years$3,161$2,766$2,415$2,103$1,827$1,703
14 years$2,905$2,515$2,170$1,867$1,602$1,483
15 years$2,684$2,297$1,959$1,665$1,410$1,297
16 years$2,490$2,108$1,776$1,491$1,247$1,139
17 years$2,319$1,941$1,616$1,339$1,105$1,003
18 years$2,167$1,794$1,475$1,207$983$886
19 years$2,032$1,662$1,350$1,091$876$784
20 years$1,910$1,545$1,239$988$782$695
21 years$1,800$1,439$1,140$896$700$618
22 years$1,700$1,343$1,051$815$628$549
23 years$1,609$1,256$970$742$563$490
24 years$1,526$1,177$897$677$506$437
25 years$1,449$1,104$831$618$456$390
26 years$1,378$1,038$771$565$410$349
27 years$1,313$977$716$517$370$312
28 years$1,253$921$665$474$334$279
29 years$1,196$868$619$435$302$250
30 years$1,144$820$577$399$272$224
31 years$1,095$775$538$366$246$201
32 years$1,049$734$502$337$223$180
33 years$1,006$695$468$310$202$162
34 years$966$658$438$285$183$145
35 years$928$625$409$262$165$131
36 years$893$593$383$242$150$117
37 years$859$563$358$223$136$106
38 years$827$535$335$205$123$95
39 years$797$509$314$189$112$85
40 years$768$484$295$174$101$77
41 years$741$461$276$161$92$69
42 years$716$439$259$149$83$62
43 years$691$418$243$137$76$56
44 years$668$399$228$127$69$50
45 years$646$380$214$117$62$45
46 years$624$363$201$108$57$41
47 years$604$346$189$100$51$37
48 years$585$330$178$92$47$33
49 years$566$315$167$85$42$30
50 years$549$301$157$79$39$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $562,000, adding $4,984 every year, while hoping to spend $26,855 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: 58/18/24 Blend
69$562,000$562,000$562,000$562,000
70$624,465$594,679$585,968$656,373
71$659,587$595,245$577,024$679,273
72$697,391$594,938$566,881$700,931
73$738,123$593,688$555,470$723,969
74$782,052$591,419$542,718$748,528
75$829,474$588,051$528,552$774,763
76$880,714$583,499$512,892$802,848
77$936,129$577,673$495,656$832,972
78$996,113$570,478$476,759$865,347
79$1,061,096$561,811$456,111$900,209
80$1,131,554$551,566$433,617$937,817
81$1,208,010$539,630$409,180$978,459
82$1,291,036$525,881$382,697$1,022,455
83$1,381,265$510,193$354,060$1,070,157
84$1,479,392$492,429$323,159$1,121,956
85$1,586,180$472,449$289,875$1,178,284
86$1,702,471$450,100$254,087$1,239,622
87$1,829,191$425,223$215,666$1,306,498
88$1,967,358$397,648$174,481$1,379,499
89$2,118,093$367,197$130,390$1,459,272
90$2,282,630$333,681$83,250$1,546,536
91$2,462,327$296,901$32,908$1,642,083
92$2,658,680$256,644$0$1,746,790
93$2,873,334$212,689$0$1,866,956
94$3,108,102$164,799$0$2,007,661
95$3,364,980$112,725$0$2,161,699
96$3,646,165$56,205$0$2,330,423
97$3,954,076$0$0$2,515,327
98$4,291,379$0$0$2,719,057
99$4,661,006$0$0$2,954,558
100$5,066,191$0$0$3,212,762