Can I retire at age 70 with 634,000?

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 $634,000?

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%
1 years$52,355$51,889$51,434$50,990$50,556$50,322
2 years$25,918$25,436$24,968$24,514$24,074$23,838
3 years$17,107$16,622$16,156$15,707$15,274$15,042
4 years$12,703$12,219$11,757$11,316$10,893$10,669
5 years$10,060$9,580$9,124$8,692$8,281$8,064
6 years$8,300$7,823$7,374$6,951$6,552$6,343
7 years$7,042$6,570$6,128$5,715$5,329$5,128
8 years$6,100$5,631$5,197$4,794$4,421$4,228
9 years$5,367$4,903$4,476$4,083$3,723$3,538
10 years$4,781$4,322$3,902$3,520$3,172$2,995
11 years$4,302$3,848$3,435$3,063$2,728$2,559
12 years$3,904$3,453$3,049$2,687$2,364$2,202
13 years$3,566$3,121$2,724$2,372$2,062$1,907
14 years$3,278$2,837$2,447$2,106$1,807$1,660
15 years$3,027$2,591$2,210$1,878$1,591$1,451
16 years$2,809$2,378$2,003$1,681$1,406$1,273
17 years$2,616$2,190$1,823$1,511$1,247$1,120
18 years$2,445$2,023$1,664$1,362$1,109$989
19 years$2,292$1,875$1,524$1,230$988$874
20 years$2,155$1,743$1,398$1,114$883$775
21 years$2,031$1,623$1,286$1,011$790$688
22 years$1,918$1,515$1,185$919$708$612
23 years$1,815$1,417$1,094$837$636$545
24 years$1,721$1,328$1,012$764$571$485
25 years$1,635$1,246$937$697$514$433
26 years$1,555$1,171$869$638$463$387
27 years$1,481$1,102$807$584$417$346
28 years$1,413$1,038$751$535$377$309
29 years$1,350$980$698$490$340$277
30 years$1,291$925$651$450$307$248
31 years$1,235$875$607$413$278$222
32 years$1,184$828$566$380$251$199
33 years$1,135$784$528$349$227$179
34 years$1,090$743$494$321$206$160
35 years$1,047$705$462$296$187$144
36 years$1,007$669$432$273$169$129
37 years$969$635$404$251$153$116
38 years$933$604$378$231$139$104
39 years$899$574$355$213$126$94
40 years$867$546$332$197$114$84
41 years$836$520$312$182$104$76
42 years$807$495$292$168$94$68
43 years$780$472$274$155$85$61
44 years$753$450$257$143$77$55
45 years$728$429$242$132$70$49
46 years$704$409$227$122$64$44
47 years$682$390$213$113$58$40
48 years$660$373$200$104$53$36
49 years$639$356$188$96$48$32
50 years$619$340$177$89$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $634,000, adding $5,137 every year, while hoping to spend $42,199 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: 33/40/27 Blend
69$634,000$634,000$634,000$634,000
70$703,967$670,365$660,538$721,279
71$730,872$658,313$637,766$722,780
72$759,107$644,257$612,818$720,276
73$788,764$628,053$585,575$716,751
74$819,940$609,550$555,914$712,142
75$852,744$588,588$523,707$706,385
76$887,293$564,998$488,821$699,416
77$923,715$538,601$451,114$691,166
78$962,148$509,206$410,440$681,565
79$1,002,743$476,614$366,647$670,541
80$1,045,667$440,612$319,573$658,022
81$1,091,100$400,977$269,053$643,932
82$1,139,238$357,470$214,913$628,195
83$1,190,297$309,843$156,969$610,733
84$1,244,511$257,830$95,031$591,469
85$1,302,139$201,151$28,903$570,323
86$1,363,462$139,512$0$547,215
87$1,428,787$72,600$0$534,072
88$1,498,453$87$0$528,476
89$1,572,828$0$0$522,081
90$1,652,318$0$0$549,377
91$1,737,366$0$0$578,684
92$1,828,459$0$0$610,137
93$1,926,131$0$0$643,930
94$2,030,967$0$0$680,274
95$2,143,611$0$0$719,402
96$2,264,767$0$0$761,567
97$2,395,209$0$0$807,049
98$2,535,789$0$0$856,157
99$2,687,441$0$0$909,227
100$2,851,191$0$0$966,632