Can I retire at age 70 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$52,685$52,216$51,758$51,311$50,875$50,344
2 years$26,082$25,596$25,125$24,669$24,226$23,691
3 years$17,215$16,727$16,258$15,806$15,370$14,848
4 years$12,783$12,296$11,832$11,387$10,962$10,457
5 years$10,124$9,641$9,182$8,746$8,333$7,846
6 years$8,352$7,872$7,420$6,995$6,594$6,126
7 years$7,087$6,611$6,166$5,751$5,363$4,914
8 years$6,138$5,667$5,229$4,824$4,449$4,019
9 years$5,401$4,934$4,504$4,109$3,746$3,336
10 years$4,812$4,349$3,927$3,542$3,192$2,800
11 years$4,330$3,872$3,457$3,083$2,745$2,372
12 years$3,928$3,475$3,068$2,704$2,379$2,024
13 years$3,589$3,140$2,741$2,387$2,075$1,737
14 years$3,298$2,855$2,463$2,119$1,819$1,498
15 years$3,047$2,608$2,224$1,890$1,601$1,297
16 years$2,827$2,393$2,016$1,692$1,415$1,127
17 years$2,633$2,203$1,835$1,520$1,255$982
18 years$2,461$2,036$1,675$1,370$1,116$858
19 years$2,307$1,887$1,533$1,238$994$752
20 years$2,168$1,754$1,407$1,121$888$659
21 years$2,043$1,633$1,294$1,018$795$579
22 years$1,930$1,525$1,193$925$713$510
23 years$1,827$1,426$1,101$843$640$449
24 years$1,732$1,336$1,019$769$575$396
25 years$1,645$1,254$943$702$517$350
26 years$1,565$1,178$875$642$466$309
27 years$1,491$1,109$812$587$420$273
28 years$1,422$1,045$755$538$379$242
29 years$1,358$986$703$494$342$214
30 years$1,299$931$655$453$309$189
31 years$1,243$880$610$416$280$168
32 years$1,191$833$569$382$253$149
33 years$1,143$789$532$352$229$132
34 years$1,097$747$497$323$207$117
35 years$1,054$709$464$298$188$104
36 years$1,013$673$435$274$170$92
37 years$975$639$407$253$154$82
38 years$939$607$381$233$140$72
39 years$905$578$357$215$127$64
40 years$872$549$334$198$115$57
41 years$841$523$314$183$104$51
42 years$812$498$294$169$95$45
43 years$784$475$276$156$86$40
44 years$758$452$259$144$78$36
45 years$733$431$243$133$71$32
46 years$709$412$229$123$64$28
47 years$686$393$215$113$58$25
48 years$664$375$202$105$53$22
49 years$643$358$190$97$48$20
50 years$623$342$178$89$44$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $638,000, adding $5,374 every year, while hoping to spend $36,125 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: 53/27/20 Blend
69$638,000$638,000$638,000$638,000
70$708,619$674,805$664,916$742,029
71$742,462$669,434$648,754$760,187
72$778,545$662,589$630,840$775,710
73$817,061$654,159$611,077$791,825
74$858,216$644,028$589,363$808,601
75$902,241$632,072$565,594$826,112
76$949,385$618,160$539,657$844,447
77$999,925$602,152$511,437$863,703
78$1,054,161$583,901$480,814$883,989
79$1,112,424$563,251$447,661$905,429
80$1,175,079$540,038$411,845$928,160
81$1,242,524$514,087$373,229$952,338
82$1,315,198$485,214$331,668$978,138
83$1,393,581$453,222$287,012$1,005,753
84$1,478,203$417,906$239,103$1,035,402
85$1,569,644$379,048$187,778$1,067,328
86$1,668,543$336,417$132,864$1,101,804
87$1,775,601$289,769$74,182$1,139,133
88$1,891,591$238,846$11,546$1,179,656
89$2,017,361$183,377$0$1,223,750
90$2,153,843$123,074$0$1,283,637
91$2,302,064$57,633$0$1,351,382
92$2,463,152$0$0$1,425,088
93$2,638,349$0$0$1,509,324
94$2,829,020$0$0$1,619,691
95$3,036,669$0$0$1,739,943
96$3,262,950$0$0$1,871,044
97$3,509,682$0$0$2,014,057
98$3,778,869$0$0$2,170,151
99$4,072,716$0$0$2,340,611
100$4,393,650$0$0$2,526,856