Can I retire at age 70 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$55,989$55,490$55,003$54,528$54,065$53,612
2 years$27,717$27,201$26,701$26,216$25,745$25,289
3 years$18,295$17,776$17,277$16,797$16,334$15,888
4 years$13,584$13,067$12,573$12,101$11,649$11,217
5 years$10,759$10,245$9,757$9,295$8,856$8,439
6 years$8,876$8,366$7,885$7,433$7,007$6,606
7 years$7,531$7,026$6,553$6,111$5,699$5,314
8 years$6,523$6,022$5,557$5,126$4,728$4,359
9 years$5,740$5,243$4,787$4,367$3,981$3,628
10 years$5,113$4,622$4,173$3,764$3,392$3,055
11 years$4,601$4,115$3,674$3,276$2,917$2,596
12 years$4,174$3,693$3,260$2,873$2,528$2,221
13 years$3,814$3,337$2,913$2,537$2,205$1,913
14 years$3,505$3,034$2,617$2,252$1,933$1,655
15 years$3,238$2,771$2,363$2,008$1,702$1,438
16 years$3,004$2,543$2,142$1,798$1,504$1,254
17 years$2,798$2,342$1,950$1,616$1,333$1,097
18 years$2,615$2,164$1,780$1,456$1,186$962
19 years$2,451$2,005$1,629$1,316$1,057$845
20 years$2,304$1,863$1,495$1,192$944$744
21 years$2,172$1,736$1,375$1,081$845$656
22 years$2,051$1,620$1,268$983$757$580
23 years$1,941$1,515$1,170$895$680$513
24 years$1,840$1,420$1,082$817$611$454
25 years$1,748$1,332$1,003$746$550$402
26 years$1,663$1,252$930$682$495$357
27 years$1,584$1,179$863$624$446$317
28 years$1,511$1,111$803$572$403$281
29 years$1,443$1,048$747$524$364$250
30 years$1,380$989$696$481$329$222
31 years$1,321$935$649$442$297$198
32 years$1,266$885$605$406$269$176
33 years$1,214$838$565$374$243$157
34 years$1,166$794$528$344$220$139
35 years$1,120$753$494$316$199$124
36 years$1,077$715$462$291$181$111
37 years$1,036$679$432$269$164$99
38 years$998$645$405$248$149$88
39 years$961$614$379$228$135$78
40 years$927$584$355$210$122$70
41 years$894$556$333$194$111$62
42 years$863$529$313$179$101$56
43 years$834$504$293$165$91$50
44 years$806$481$275$153$83$44
45 years$779$458$259$141$75$39
46 years$753$437$243$130$68$35
47 years$729$417$228$120$62$31
48 years$706$398$214$111$56$28
49 years$683$381$202$103$51$25
50 years$662$363$189$95$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $678,000, adding $2,038 every year, while hoping to spend $56,016 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: 34/41/25 Blend
69$678,000$678,000$678,000$678,000
70$749,258$713,324$702,815$768,983
71$766,082$688,676$666,759$759,266
72$782,744$660,944$627,617$743,587
73$799,170$629,915$585,228$725,566
74$815,273$595,369$539,421$705,032
75$830,958$557,070$490,019$681,803
76$846,118$514,768$436,837$655,682
77$860,631$468,201$379,680$626,463
78$874,364$417,091$318,348$593,923
79$887,165$361,144$252,628$557,824
80$898,865$300,050$182,301$517,913
81$909,277$233,480$107,135$473,919
82$918,191$161,088$26,892$425,552
83$925,373$82,508$0$372,504
84$930,564$0$0$330,112
85$933,475$0$0$292,221
86$933,785$0$0$290,524
87$931,136$0$0$287,663
88$925,134$0$0$283,485
89$915,339$0$0$277,826
90$901,263$0$0$270,501
91$882,368$0$0$261,305
92$858,054$0$0$250,012
93$827,659$0$0$236,372
94$790,450$0$0$220,108
95$745,613$0$0$200,913
96$692,252$0$0$178,448
97$629,371$0$0$152,338
98$555,871$0$0$122,170
99$470,537$0$0$87,485
100$372,025$0$0$47,777