Can I retire at age 70 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$56,402$55,899$55,409$54,931$54,463$53,716
2 years$27,922$27,402$26,898$26,409$25,935$25,183
3 years$18,429$17,907$17,404$16,920$16,454$15,722
4 years$13,684$13,164$12,666$12,190$11,735$11,027
5 years$10,838$10,320$9,829$9,363$8,921$8,240
6 years$8,941$8,427$7,944$7,488$7,059$6,405
7 years$7,587$7,077$6,601$6,156$5,741$5,115
8 years$6,571$6,067$5,598$5,164$4,762$4,165
9 years$5,782$5,282$4,822$4,399$4,011$3,440
10 years$5,151$4,656$4,204$3,792$3,417$2,874
11 years$4,635$4,145$3,701$3,300$2,939$2,422
12 years$4,205$3,720$3,284$2,895$2,547$2,056
13 years$3,842$3,362$2,934$2,555$2,221$1,755
14 years$3,531$3,056$2,637$2,268$1,947$1,506
15 years$3,261$2,792$2,381$2,023$1,714$1,297
16 years$3,026$2,561$2,158$1,811$1,515$1,121
17 years$2,818$2,359$1,964$1,628$1,343$971
18 years$2,634$2,180$1,793$1,467$1,194$844
19 years$2,469$2,020$1,641$1,325$1,065$735
20 years$2,321$1,877$1,506$1,200$951$641
21 years$2,188$1,749$1,385$1,089$851$560
22 years$2,066$1,632$1,277$991$763$489
23 years$1,955$1,527$1,179$902$685$429
24 years$1,854$1,430$1,090$823$615$376
25 years$1,761$1,342$1,010$751$554$329
26 years$1,675$1,261$937$687$499$289
27 years$1,596$1,187$870$629$450$254
28 years$1,522$1,119$809$576$406$223
29 years$1,454$1,055$752$528$366$196
30 years$1,390$997$701$485$331$173
31 years$1,331$942$653$445$299$152
32 years$1,275$892$610$409$271$134
33 years$1,223$844$569$376$245$118
34 years$1,174$800$532$346$222$104
35 years$1,128$759$497$319$201$92
36 years$1,085$720$465$294$182$81
37 years$1,044$684$435$271$165$71
38 years$1,005$650$408$249$150$63
39 years$968$618$382$230$136$55
40 years$934$588$358$212$123$49
41 years$901$560$336$196$112$43
42 years$870$533$315$181$101$38
43 years$840$508$296$167$92$33
44 years$812$484$277$154$83$29
45 years$785$462$260$142$76$26
46 years$759$441$245$131$69$23
47 years$734$420$230$121$62$20
48 years$711$401$216$112$57$18
49 years$688$383$203$104$52$16
50 years$667$366$191$96$47$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $683,000, adding $6,014 every year, while hoping to spend $37,154 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: 69/14/17 Blend
69$683,000$683,000$683,000$683,000
70$758,869$722,670$712,084$807,756
71$796,743$718,550$696,407$836,987
72$837,233$712,982$678,960$863,996
73$880,570$705,857$659,644$892,614
74$927,002$697,057$638,356$922,998
75$976,803$686,460$614,988$955,317
76$1,030,275$673,934$589,427$989,762
77$1,087,746$659,340$561,556$1,026,543
78$1,149,579$642,531$531,252$1,065,891
79$1,216,173$623,352$498,385$1,108,064
80$1,287,962$601,636$462,821$1,153,347
81$1,365,429$577,210$424,420$1,202,053
82$1,449,099$549,890$383,034$1,254,531
83$1,539,551$519,479$338,510$1,311,166
84$1,637,423$485,771$290,688$1,372,383
85$1,743,415$448,548$239,400$1,438,654
86$1,858,295$407,579$184,472$1,510,499
87$1,982,910$362,619$125,721$1,588,493
88$2,118,190$313,412$62,956$1,673,273
89$2,265,160$259,683$0$1,765,542
90$2,424,944$201,145$0$1,866,809
91$2,598,781$137,494$0$1,989,435
92$2,788,034$68,409$0$2,122,979
93$2,994,203$0$0$2,268,530
94$3,218,937$0$0$2,428,284
95$3,464,053$0$0$2,614,056
96$3,731,549$0$0$2,816,827
97$4,023,626$0$0$3,038,269
98$4,342,706$0$0$3,280,223
99$4,691,456$0$0$3,544,715
100$5,072,810$0$0$3,833,978