Can I retire at age 70 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$55,493$54,999$54,517$54,046$53,586$53,093
2 years$27,472$26,960$26,464$25,984$25,517$25,020
3 years$18,133$17,619$17,124$16,648$16,189$15,704
4 years$13,464$12,952$12,462$11,994$11,546$11,076
5 years$10,663$10,154$9,671$9,212$8,777$8,324
6 years$8,797$8,292$7,816$7,367$6,945$6,509
7 years$7,464$6,963$6,495$6,057$5,648$5,230
8 years$6,465$5,969$5,508$5,081$4,686$4,285
9 years$5,689$5,197$4,744$4,328$3,946$3,563
10 years$5,068$4,581$4,136$3,731$3,362$2,996
11 years$4,560$4,078$3,641$3,247$2,892$2,543
12 years$4,138$3,660$3,232$2,848$2,506$2,173
13 years$3,780$3,308$2,887$2,514$2,185$1,869
14 years$3,474$3,007$2,594$2,232$1,916$1,615
15 years$3,209$2,747$2,342$1,990$1,687$1,401
16 years$2,977$2,520$2,124$1,782$1,491$1,220
17 years$2,773$2,321$1,932$1,601$1,322$1,066
18 years$2,592$2,145$1,764$1,443$1,175$933
19 years$2,430$1,988$1,615$1,304$1,047$819
20 years$2,284$1,847$1,482$1,181$936$720
21 years$2,152$1,720$1,363$1,072$837$634
22 years$2,033$1,606$1,256$975$750$559
23 years$1,924$1,502$1,160$888$674$494
24 years$1,824$1,407$1,073$809$606$436
25 years$1,733$1,321$994$739$545$386
26 years$1,648$1,241$922$676$491$342
27 years$1,570$1,168$856$619$442$303
28 years$1,498$1,101$796$567$399$269
29 years$1,431$1,038$740$520$361$238
30 years$1,368$981$690$477$326$212
31 years$1,309$927$643$438$295$188
32 years$1,255$877$600$403$266$167
33 years$1,203$831$560$370$241$148
34 years$1,155$787$523$341$218$132
35 years$1,110$747$489$314$198$117
36 years$1,067$709$458$289$179$104
37 years$1,027$673$428$266$162$93
38 years$989$640$401$245$147$83
39 years$953$608$376$226$133$74
40 years$919$579$352$209$121$65
41 years$886$551$330$192$110$58
42 years$856$525$310$178$100$52
43 years$826$500$291$164$90$46
44 years$798$477$273$151$82$41
45 years$772$454$256$140$75$37
46 years$747$434$241$129$68$33
47 years$722$414$226$119$61$29
48 years$699$395$212$110$56$26
49 years$677$377$200$102$51$23
50 years$656$360$188$94$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $672,000, adding $5,647 every year, while hoping to spend $54,147 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: 29/45/26 Blend
69$672,000$672,000$672,000$672,000
70$746,369$710,753$700,337$761,872
71$764,887$687,968$666,186$751,685
72$783,478$662,251$629,077$735,625
73$802,094$633,403$588,852$717,260
74$820,678$601,210$545,349$696,430
75$839,166$565,448$498,397$672,960
76$857,485$525,879$447,817$646,669
77$875,554$482,252$393,424$617,361
78$893,279$434,302$335,023$584,829
79$910,558$381,747$272,410$548,854
80$927,273$324,291$205,375$509,201
81$943,294$261,620$133,694$465,621
82$958,475$193,404$57,137$417,849
83$972,652$119,293$0$365,603
84$985,641$38,918$0$315,396
85$997,240$0$0$277,455
86$1,007,220$0$0$259,467
87$1,015,328$0$0$260,092
88$1,021,282$0$0$259,966
89$1,024,769$0$0$258,989
90$1,025,441$0$0$257,045
91$1,022,909$0$0$254,010
92$1,016,744$0$0$249,744
93$1,006,471$0$0$244,092
94$991,558$0$0$236,884
95$971,421$0$0$227,928
96$945,410$0$0$217,016
97$912,805$0$0$203,915
98$872,810$0$0$188,368
99$824,543$0$0$170,090
100$767,028$0$0$148,766