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%11.4%
1 years$55,493$54,999$54,517$54,046$53,586$53,271
2 years$27,472$26,960$26,464$25,984$25,517$25,199
3 years$18,133$17,619$17,124$16,648$16,189$15,878
4 years$13,464$12,952$12,462$11,994$11,546$11,245
5 years$10,663$10,154$9,671$9,212$8,777$8,486
6 years$8,797$8,292$7,816$7,367$6,945$6,665
7 years$7,464$6,963$6,495$6,057$5,648$5,379
8 years$6,465$5,969$5,508$5,081$4,686$4,427
9 years$5,689$5,197$4,744$4,328$3,946$3,698
10 years$5,068$4,581$4,136$3,731$3,362$3,125
11 years$4,560$4,078$3,641$3,247$2,892$2,665
12 years$4,138$3,660$3,232$2,848$2,506$2,289
13 years$3,780$3,308$2,887$2,514$2,185$1,979
14 years$3,474$3,007$2,594$2,232$1,916$1,719
15 years$3,209$2,747$2,342$1,990$1,687$1,500
16 years$2,977$2,520$2,124$1,782$1,491$1,313
17 years$2,773$2,321$1,932$1,601$1,322$1,153
18 years$2,592$2,145$1,764$1,443$1,175$1,015
19 years$2,430$1,988$1,615$1,304$1,047$896
20 years$2,284$1,847$1,482$1,181$936$792
21 years$2,152$1,720$1,363$1,072$837$702
22 years$2,033$1,606$1,256$975$750$623
23 years$1,924$1,502$1,160$888$674$553
24 years$1,824$1,407$1,073$809$606$492
25 years$1,733$1,321$994$739$545$438
26 years$1,648$1,241$922$676$491$390
27 years$1,570$1,168$856$619$442$348
28 years$1,498$1,101$796$567$399$311
29 years$1,431$1,038$740$520$361$277
30 years$1,368$981$690$477$326$248
31 years$1,309$927$643$438$295$222
32 years$1,255$877$600$403$266$198
33 years$1,203$831$560$370$241$177
34 years$1,155$787$523$341$218$159
35 years$1,110$747$489$314$198$142
36 years$1,067$709$458$289$179$127
37 years$1,027$673$428$266$162$114
38 years$989$640$401$245$147$102
39 years$953$608$376$226$133$91
40 years$919$579$352$209$121$82
41 years$886$551$330$192$110$74
42 years$856$525$310$178$100$66
43 years$826$500$291$164$90$59
44 years$798$477$273$151$82$53
45 years$772$454$256$140$75$48
46 years$747$434$241$129$68$43
47 years$722$414$226$119$61$38
48 years$699$395$212$110$56$34
49 years$677$377$200$102$51$31
50 years$656$360$188$94$46$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $672,000, adding $2,604 every year, while hoping to spend $27,642 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: 70/23/7 Blend
69$672,000$672,000$672,000$672,000
70$743,230$707,614$697,198$794,264
71$789,629$712,876$691,143$833,616
72$839,833$717,470$683,959$873,012
73$894,203$721,333$675,579$915,360
74$953,134$724,400$665,932$960,944
75$1,017,058$726,600$654,945$1,010,078
76$1,086,453$727,859$642,542$1,063,105
77$1,161,846$728,098$628,641$1,120,407
78$1,243,812$727,233$613,158$1,182,401
79$1,332,987$725,174$596,006$1,249,552
80$1,430,072$721,827$577,092$1,322,368
81$1,535,834$717,091$556,319$1,401,411
82$1,651,120$710,860$533,588$1,487,303
83$1,776,863$703,021$508,791$1,580,726
84$1,914,088$693,453$481,820$1,682,436
85$2,063,922$682,030$452,559$1,793,263
86$2,227,610$668,617$420,887$1,914,126
87$2,406,518$653,072$386,679$2,046,036
88$2,602,154$635,243$349,803$2,190,110
89$2,816,175$614,971$310,123$2,347,577
90$3,050,407$592,087$267,494$2,519,796
91$3,306,860$566,411$221,767$2,708,263
92$3,587,749$537,754$172,786$2,914,630
93$3,895,512$505,917$120,386$3,140,716
94$4,232,833$470,686$64,399$3,388,532
95$4,602,671$431,838$4,645$3,660,290
96$5,008,282$389,137$0$3,958,432
97$5,453,254$342,332$0$4,290,069
98$5,941,538$291,158$0$4,654,411
99$6,477,486$235,336$0$5,054,400
100$7,065,893$174,571$0$5,493,665