Can I retire at age 70 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$53,594$53,116$52,651$52,196$51,752$51,233
2 years$26,532$26,037$25,559$25,094$24,644$24,121
3 years$17,512$17,016$16,538$16,078$15,635$15,125
4 years$13,003$12,508$12,035$11,583$11,151$10,657
5 years$10,299$9,807$9,340$8,897$8,477$8,001
6 years$8,496$8,008$7,548$7,115$6,707$6,250
7 years$7,209$6,725$6,273$5,850$5,455$5,016
8 years$6,244$5,765$5,320$4,907$4,525$4,105
9 years$5,494$5,019$4,582$4,180$3,811$3,409
10 years$4,895$4,424$3,994$3,603$3,247$2,864
11 years$4,404$3,939$3,517$3,136$2,793$2,427
12 years$3,996$3,535$3,121$2,750$2,420$2,072
13 years$3,651$3,195$2,788$2,428$2,110$1,779
14 years$3,355$2,904$2,505$2,156$1,850$1,536
15 years$3,099$2,653$2,262$1,922$1,629$1,331
16 years$2,875$2,434$2,051$1,721$1,440$1,157
17 years$2,678$2,241$1,866$1,547$1,276$1,009
18 years$2,503$2,071$1,704$1,394$1,135$882
19 years$2,346$1,920$1,560$1,259$1,012$773
20 years$2,206$1,784$1,431$1,141$904$679
21 years$2,079$1,661$1,317$1,035$809$597
22 years$1,963$1,551$1,213$941$725$526
23 years$1,858$1,451$1,120$857$651$463
24 years$1,762$1,359$1,036$782$585$409
25 years$1,673$1,275$960$714$526$361
26 years$1,592$1,199$890$653$474$319
27 years$1,516$1,128$826$598$427$283
28 years$1,446$1,063$768$547$386$250
29 years$1,382$1,003$715$502$348$222
30 years$1,321$947$666$461$315$196
31 years$1,265$895$621$423$284$174
32 years$1,212$847$579$389$257$154
33 years$1,162$802$541$358$233$137
34 years$1,116$760$505$329$211$122
35 years$1,072$721$472$303$191$108
36 years$1,031$685$442$279$173$96
37 years$992$650$414$257$157$85
38 years$955$618$387$237$142$76
39 years$920$588$363$218$129$67
40 years$887$559$340$201$117$60
41 years$856$532$319$186$106$53
42 years$826$507$299$172$96$47
43 years$798$483$281$158$87$42
44 years$771$460$264$146$79$37
45 years$745$439$247$135$72$33
46 years$721$419$232$125$65$29
47 years$698$400$218$115$59$26
48 years$675$381$205$106$54$23
49 years$654$364$193$98$49$21
50 years$634$348$181$91$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $649,000, adding $2,844 every year, while hoping to spend $25,634 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: 53/20/27 Blend
69$649,000$649,000$649,000$649,000
70$718,132$683,735$673,675$750,651
71$764,107$689,963$668,969$779,699
72$813,912$695,638$663,246$808,445
73$867,911$700,704$656,445$839,213
74$926,504$705,105$648,502$872,209
75$990,131$708,778$639,350$907,656
76$1,059,275$711,659$628,919$945,805
77$1,134,468$713,678$617,135$986,931
78$1,216,297$714,761$603,921$1,031,339
79$1,305,404$714,829$589,198$1,079,367
80$1,402,499$713,800$572,880$1,131,387
81$1,508,362$711,584$554,880$1,187,812
82$1,623,852$708,088$535,105$1,249,099
83$1,749,913$703,213$513,459$1,315,751
84$1,887,586$696,852$489,841$1,388,327
85$2,038,016$688,893$464,147$1,467,441
86$2,202,463$679,219$436,266$1,553,775
87$2,382,316$667,702$406,082$1,648,080
88$2,579,102$654,210$373,476$1,751,189
89$2,794,506$638,601$338,323$1,864,020
90$3,030,379$620,726$300,490$1,987,586
91$3,288,762$600,426$259,841$2,123,008
92$3,571,903$577,534$216,233$2,271,525
93$3,882,276$551,873$169,516$2,434,502
94$4,222,608$523,254$119,534$2,613,448
95$4,595,900$491,480$66,125$2,810,031
96$5,005,459$456,340$9,117$3,026,090
97$5,454,928$417,613$0$3,263,657
98$5,948,319$375,063$0$3,539,874
99$6,490,050$328,445$0$3,846,088
100$7,084,991$277,494$0$4,182,458