Can I retire at age 70 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$49,960$49,515$49,081$48,657$48,244$47,899
2 years$24,733$24,272$23,826$23,393$22,973$22,626
3 years$16,325$15,862$15,417$14,988$14,575$14,236
4 years$12,122$11,660$11,220$10,798$10,395$10,066
5 years$9,600$9,142$8,707$8,294$7,902$7,585
6 years$7,920$7,465$7,036$6,633$6,253$5,947
7 years$6,720$6,269$5,847$5,453$5,085$4,792
8 years$5,821$5,374$4,959$4,575$4,219$3,937
9 years$5,122$4,679$4,271$3,896$3,553$3,283
10 years$4,563$4,124$3,724$3,359$3,027$2,769
11 years$4,106$3,672$3,278$2,923$2,603$2,357
12 years$3,725$3,295$2,909$2,564$2,256$2,021
13 years$3,403$2,978$2,599$2,264$1,967$1,744
14 years$3,128$2,707$2,336$2,009$1,725$1,512
15 years$2,889$2,473$2,109$1,792$1,518$1,316
16 years$2,680$2,269$1,912$1,605$1,342$1,150
17 years$2,497$2,089$1,740$1,442$1,190$1,008
18 years$2,333$1,931$1,588$1,299$1,058$886
19 years$2,187$1,789$1,454$1,174$943$780
20 years$2,056$1,663$1,334$1,063$842$688
21 years$1,938$1,549$1,227$965$754$608
22 years$1,830$1,446$1,131$877$676$539
23 years$1,732$1,352$1,044$799$607$477
24 years$1,642$1,267$966$729$545$424
25 years$1,560$1,189$895$666$491$376
26 years$1,484$1,117$830$609$442$334
27 years$1,414$1,052$770$557$398$298
28 years$1,348$991$716$510$359$265
29 years$1,288$935$667$468$325$236
30 years$1,232$883$621$430$293$210
31 years$1,179$835$579$394$265$188
32 years$1,130$790$540$363$240$167
33 years$1,083$748$504$333$217$149
34 years$1,040$709$471$307$197$133
35 years$999$672$440$282$178$119
36 years$961$638$412$260$161$106
37 years$925$606$386$240$146$95
38 years$890$576$361$221$133$85
39 years$858$548$338$204$120$76
40 years$827$521$317$188$109$68
41 years$798$496$297$173$99$61
42 years$770$472$279$160$90$54
43 years$744$450$262$148$81$49
44 years$719$429$246$136$74$43
45 years$695$409$231$126$67$39
46 years$672$390$217$116$61$35
47 years$650$372$204$107$55$31
48 years$630$356$191$99$50$28
49 years$610$340$180$92$46$25
50 years$591$324$169$85$41$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $605,000, adding $6,280 every year, while hoping to spend $25,529 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: 47/48/5 Blend
69$605,000$605,000$605,000$605,000
70$673,188$641,123$631,745$703,661
71$714,690$645,375$625,746$729,448
72$759,570$648,980$618,690$754,206
73$808,146$651,879$610,516$780,467
74$860,765$654,010$601,157$808,377
75$917,813$655,307$590,545$838,097
76$979,711$655,698$578,609$869,808
77$1,046,924$655,109$565,275$903,707
78$1,119,961$653,460$550,463$940,016
79$1,199,385$650,668$534,092$978,979
80$1,285,814$646,643$516,075$1,020,867
81$1,379,928$641,289$496,324$1,065,978
82$1,482,475$634,506$474,745$1,114,646
83$1,594,277$626,187$451,239$1,167,237
84$1,716,242$616,219$425,705$1,224,160
85$1,849,368$604,482$398,034$1,285,865
86$1,994,751$590,849$368,116$1,352,851
87$2,153,600$575,186$335,833$1,425,670
88$2,327,247$557,349$301,063$1,504,934
89$2,517,157$537,190$263,679$1,591,319
90$2,724,941$514,547$223,547$1,685,574
91$2,952,378$489,252$180,528$1,788,525
92$3,201,422$461,127$134,477$1,901,090
93$3,474,227$429,982$85,242$2,024,281
94$3,773,165$395,619$32,665$2,159,217
95$4,100,850$357,825$0$2,307,138
96$4,460,157$316,379$0$2,470,662
97$4,854,255$271,044$0$2,651,994
98$5,286,635$221,571$0$2,851,072
99$5,761,141$167,697$0$3,069,753
100$6,282,008$109,145$0$3,310,092