Can I retire at age 70 with 672,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$55,493$54,999$54,517$54,046$53,586$52,143
2 years$27,472$26,960$26,464$25,984$25,517$24,073
3 years$18,133$17,619$17,124$16,648$16,189$14,790
4 years$13,464$12,952$12,462$11,994$11,546$10,202
5 years$10,663$10,154$9,671$9,212$8,777$7,493
6 years$8,797$8,292$7,816$7,367$6,945$5,721
7 years$7,464$6,963$6,495$6,057$5,648$4,484
8 years$6,465$5,969$5,508$5,081$4,686$3,582
9 years$5,689$5,197$4,744$4,328$3,946$2,901
10 years$5,068$4,581$4,136$3,731$3,362$2,375
11 years$4,560$4,078$3,641$3,247$2,892$1,960
12 years$4,138$3,660$3,232$2,848$2,506$1,629
13 years$3,780$3,308$2,887$2,514$2,185$1,360
14 years$3,474$3,007$2,594$2,232$1,916$1,141
15 years$3,209$2,747$2,342$1,990$1,687$961
16 years$2,977$2,520$2,124$1,782$1,491$811
17 years$2,773$2,321$1,932$1,601$1,322$686
18 years$2,592$2,145$1,764$1,443$1,175$582
19 years$2,430$1,988$1,615$1,304$1,047$494
20 years$2,284$1,847$1,482$1,181$936$421
21 years$2,152$1,720$1,363$1,072$837$358
22 years$2,033$1,606$1,256$975$750$305
23 years$1,924$1,502$1,160$888$674$261
24 years$1,824$1,407$1,073$809$606$223
25 years$1,733$1,321$994$739$545$190
26 years$1,648$1,241$922$676$491$163
27 years$1,570$1,168$856$619$442$139
28 years$1,498$1,101$796$567$399$119
29 years$1,431$1,038$740$520$361$102
30 years$1,368$981$690$477$326$87
31 years$1,309$927$643$438$295$75
32 years$1,255$877$600$403$266$64
33 years$1,203$831$560$370$241$55
34 years$1,155$787$523$341$218$47
35 years$1,110$747$489$314$198$40
36 years$1,067$709$458$289$179$35
37 years$1,027$673$428$266$162$30
38 years$989$640$401$245$147$25
39 years$953$608$376$226$133$22
40 years$919$579$352$209$121$19
41 years$886$551$330$192$110$16
42 years$856$525$310$178$100$14
43 years$826$500$291$164$90$12
44 years$798$477$273$151$82$10
45 years$772$454$256$140$75$9
46 years$747$434$241$129$68$7
47 years$722$414$226$119$61$6
48 years$699$395$212$110$56$5
49 years$677$377$200$102$51$5
50 years$656$360$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $672,000, adding $4,597 every year, while hoping to spend $35,857 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: 39/35/26 Blend
69$672,000$672,000$672,000$672,000
70$745,286$709,670$699,254$768,449
71$783,153$706,292$684,527$782,342
72$823,682$701,547$668,106$793,685
73$867,104$695,330$649,894$805,252
74$913,677$687,529$629,794$817,087
75$963,682$678,028$607,701$829,239
76$1,017,426$666,700$583,508$841,767
77$1,075,249$653,414$557,101$854,737
78$1,137,522$638,029$528,362$868,224
79$1,204,655$620,397$497,167$882,319
80$1,277,094$600,361$463,387$897,119
81$1,355,333$577,755$426,886$912,741
82$1,439,914$552,402$387,524$929,315
83$1,531,433$524,116$345,153$946,988
84$1,630,542$492,701$299,618$965,928
85$1,737,962$457,948$250,760$986,324
86$1,854,483$419,637$198,410$1,008,392
87$1,980,976$377,535$142,393$1,032,371
88$2,118,397$331,396$82,524$1,058,535
89$2,267,800$280,960$18,615$1,087,188
90$2,430,340$225,952$0$1,118,674
91$2,607,294$166,083$0$1,167,134
92$2,800,063$101,046$0$1,225,650
93$3,010,188$30,516$0$1,289,595
94$3,239,369$0$0$1,359,573
95$3,489,474$0$0$1,453,911
96$3,762,560$0$0$1,569,836
97$4,060,891$0$0$1,696,564
98$4,386,960$0$0$1,835,168
99$4,743,512$0$0$1,986,823
100$5,133,568$0$0$2,152,828