Can I retire at age 70 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$53,263$52,789$52,326$51,874$51,433$50,415
2 years$26,368$25,877$25,401$24,940$24,492$23,471
3 years$17,404$16,911$16,436$15,979$15,539$14,546
4 years$12,923$12,431$11,961$11,512$11,082$10,126
5 years$10,235$9,746$9,282$8,842$8,425$7,507
6 years$8,444$7,959$7,502$7,071$6,666$5,788
7 years$7,165$6,684$6,234$5,814$5,421$4,584
8 years$6,206$5,729$5,287$4,877$4,498$3,700
9 years$5,460$4,988$4,554$4,154$3,788$3,029
10 years$4,864$4,397$3,970$3,581$3,227$2,507
11 years$4,377$3,914$3,495$3,116$2,775$2,093
12 years$3,971$3,513$3,102$2,734$2,405$1,760
13 years$3,628$3,175$2,771$2,413$2,097$1,488
14 years$3,334$2,886$2,490$2,142$1,839$1,264
15 years$3,080$2,636$2,248$1,911$1,619$1,077
16 years$2,858$2,419$2,038$1,711$1,431$921
17 years$2,662$2,228$1,855$1,537$1,269$790
18 years$2,488$2,058$1,693$1,385$1,128$679
19 years$2,332$1,908$1,550$1,252$1,005$584
20 years$2,192$1,773$1,422$1,134$898$504
21 years$2,066$1,651$1,308$1,029$804$435
22 years$1,951$1,541$1,206$935$720$376
23 years$1,847$1,442$1,113$852$647$326
24 years$1,751$1,351$1,030$777$581$282
25 years$1,663$1,268$954$710$523$245
26 years$1,582$1,191$885$649$471$212
27 years$1,507$1,121$821$594$425$184
28 years$1,438$1,056$764$544$383$160
29 years$1,373$997$711$499$346$139
30 years$1,313$941$662$458$313$121
31 years$1,257$890$617$421$283$105
32 years$1,204$842$576$387$256$91
33 years$1,155$797$538$355$231$79
34 years$1,109$756$502$327$210$69
35 years$1,065$717$470$301$190$60
36 years$1,024$680$439$277$172$52
37 years$986$646$411$255$156$45
38 years$949$614$385$235$141$40
39 years$915$584$361$217$128$34
40 years$882$556$338$200$116$30
41 years$851$529$317$185$105$26
42 years$821$504$297$171$96$23
43 years$793$480$279$157$87$20
44 years$766$457$262$145$79$17
45 years$741$436$246$134$72$15
46 years$717$416$231$124$65$13
47 years$693$397$217$115$59$11
48 years$671$379$204$106$54$10
49 years$650$362$192$98$49$9
50 years$630$346$180$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $645,000, adding $2,654 every year, while hoping to spend $43,928 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: 75/11/14 Blend
69$645,000$645,000$645,000$645,000
70$713,528$679,343$669,345$764,730
71$739,568$665,891$645,029$785,466
72$766,793$650,309$618,426$802,448
73$795,276$632,444$589,414$819,861
74$825,098$612,137$557,862$837,736
75$856,345$589,219$523,638$856,106
76$889,113$563,512$486,601$875,008
77$923,505$534,826$446,604$894,484
78$959,630$502,961$403,494$914,580
79$997,612$467,705$357,110$935,351
80$1,037,580$428,835$307,285$956,854
81$1,079,679$386,113$253,845$979,156
82$1,124,065$339,291$196,607$1,002,329
83$1,170,907$288,104$135,381$1,026,458
84$1,220,391$232,272$69,967$1,051,634
85$1,272,718$171,501$159$1,077,961
86$1,328,111$105,480$0$1,105,554
87$1,386,809$33,879$0$1,145,646
88$1,449,075$0$0$1,188,023
89$1,515,199$0$0$1,238,140
90$1,585,495$0$0$1,295,793
91$1,660,306$0$0$1,357,164
92$1,740,011$0$0$1,422,565
93$1,825,021$0$0$1,492,337
94$1,915,790$0$0$1,566,852
95$2,012,813$0$0$1,646,520
96$2,116,633$0$0$1,731,789
97$2,227,846$0$0$1,823,152
98$2,347,104$0$0$1,921,147
99$2,475,126$0$0$2,026,367
100$2,612,698$0$0$2,139,461