Can I retire at age 70 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$48,722$48,288$47,864$47,451$47,047$45,929
2 years$24,120$23,670$23,235$22,813$22,404$21,283
3 years$15,920$15,469$15,035$14,616$14,214$13,126
4 years$11,821$11,371$10,941$10,530$10,137$9,092
5 years$9,362$8,915$8,491$8,088$7,706$6,705
6 years$7,724$7,280$6,862$6,468$6,098$5,142
7 years$6,554$6,114$5,702$5,318$4,959$4,049
8 years$5,677$5,241$4,836$4,461$4,114$3,249
9 years$4,995$4,563$4,165$3,800$3,465$2,644
10 years$4,450$4,022$3,631$3,276$2,952$2,175
11 years$4,004$3,580$3,197$2,851$2,539$1,805
12 years$3,633$3,214$2,837$2,500$2,200$1,507
13 years$3,319$2,904$2,535$2,208$1,919$1,266
14 years$3,050$2,640$2,278$1,960$1,682$1,068
15 years$2,817$2,412$2,056$1,748$1,481$904
16 years$2,614$2,213$1,864$1,565$1,309$767
17 years$2,435$2,038$1,697$1,406$1,160$653
18 years$2,275$1,883$1,549$1,267$1,032$557
19 years$2,133$1,745$1,418$1,145$920$476
20 years$2,005$1,622$1,301$1,037$821$408
21 years$1,890$1,510$1,197$941$735$349
22 years$1,785$1,410$1,103$856$659$300
23 years$1,689$1,319$1,018$779$591$257
24 years$1,602$1,236$942$711$532$221
25 years$1,521$1,159$872$649$478$190
26 years$1,447$1,090$809$593$431$164
27 years$1,378$1,026$751$543$389$141
28 years$1,315$966$698$498$351$121
29 years$1,256$912$650$456$317$105
30 years$1,201$861$605$419$286$90
31 years$1,150$814$564$385$259$78
32 years$1,102$770$527$354$234$67
33 years$1,057$729$492$325$212$58
34 years$1,014$691$459$299$192$50
35 years$975$656$430$275$174$43
36 years$937$622$402$254$157$37
37 years$902$591$376$234$143$32
38 years$868$562$352$215$129$28
39 years$837$534$330$199$117$24
40 years$807$508$309$183$106$21
41 years$778$484$290$169$96$18
42 years$751$461$272$156$88$15
43 years$725$439$255$144$79$13
44 years$701$418$240$133$72$11
45 years$678$399$225$123$65$10
46 years$655$381$211$113$59$9
47 years$634$363$199$105$54$7
48 years$614$347$187$97$49$6
49 years$595$331$175$89$45$5
50 years$576$316$165$83$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $590,000, adding $2,434 every year, while hoping to spend $21,897 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: 67/23/10 Blend
69$590,000$590,000$590,000$590,000
70$652,691$621,421$612,276$694,908
71$695,967$628,572$609,489$730,439
72$742,923$635,340$605,874$766,429
73$793,912$641,682$601,382$805,205
74$849,321$647,555$595,958$847,037
75$909,577$652,910$589,547$892,222
76$975,147$657,696$582,091$941,089
77$1,046,549$661,860$573,528$993,998
78$1,124,350$665,344$563,794$1,051,349
79$1,209,174$668,086$552,822$1,113,582
80$1,301,711$670,023$540,542$1,181,181
81$1,402,715$671,084$526,880$1,254,682
82$1,513,021$671,197$511,760$1,334,673
83$1,633,547$670,282$495,101$1,421,805
84$1,765,301$668,258$476,819$1,516,795
85$1,909,395$665,037$456,826$1,620,433
86$2,067,055$660,525$435,031$1,733,592
87$2,239,627$654,623$411,337$1,857,233
88$2,428,596$647,227$385,644$1,992,417
89$2,635,596$638,224$357,847$2,140,312
90$2,862,428$627,498$327,835$2,302,208
91$3,111,074$614,924$295,496$2,479,526
92$3,383,717$600,369$260,709$2,673,836
93$3,682,762$583,693$223,348$2,886,865
94$4,010,857$564,747$183,284$3,120,520
95$4,370,921$543,376$140,380$3,376,903
96$4,766,166$519,413$94,494$3,658,333
97$5,200,133$492,682$45,478$3,967,364
98$5,676,720$462,997$0$4,306,817
99$6,200,224$430,162$0$4,680,527
100$6,775,376$393,970$0$5,096,417