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%12.7%
1 years$56,402$55,899$55,409$54,931$54,463$53,850
2 years$27,922$27,402$26,898$26,409$25,935$25,317
3 years$18,429$17,907$17,404$16,920$16,454$15,852
4 years$13,684$13,164$12,666$12,190$11,735$11,152
5 years$10,838$10,320$9,829$9,363$8,921$8,359
6 years$8,941$8,427$7,944$7,488$7,059$6,519
7 years$7,587$7,077$6,601$6,156$5,741$5,224
8 years$6,571$6,067$5,598$5,164$4,762$4,268
9 years$5,782$5,282$4,822$4,399$4,011$3,538
10 years$5,151$4,656$4,204$3,792$3,417$2,966
11 years$4,635$4,145$3,701$3,300$2,939$2,509
12 years$4,205$3,720$3,284$2,895$2,547$2,138
13 years$3,842$3,362$2,934$2,555$2,221$1,833
14 years$3,531$3,056$2,637$2,268$1,947$1,578
15 years$3,261$2,792$2,381$2,023$1,714$1,365
16 years$3,026$2,561$2,158$1,811$1,515$1,185
17 years$2,818$2,359$1,964$1,628$1,343$1,031
18 years$2,634$2,180$1,793$1,467$1,194$900
19 years$2,469$2,020$1,641$1,325$1,065$787
20 years$2,321$1,877$1,506$1,200$951$689
21 years$2,188$1,749$1,385$1,089$851$604
22 years$2,066$1,632$1,277$991$763$531
23 years$1,955$1,527$1,179$902$685$467
24 years$1,854$1,430$1,090$823$615$411
25 years$1,761$1,342$1,010$751$554$363
26 years$1,675$1,261$937$687$499$320
27 years$1,596$1,187$870$629$450$282
28 years$1,522$1,119$809$576$406$249
29 years$1,454$1,055$752$528$366$220
30 years$1,390$997$701$485$331$195
31 years$1,331$942$653$445$299$172
32 years$1,275$892$610$409$271$152
33 years$1,223$844$569$376$245$135
34 years$1,174$800$532$346$222$119
35 years$1,128$759$497$319$201$106
36 years$1,085$720$465$294$182$94
37 years$1,044$684$435$271$165$83
38 years$1,005$650$408$249$150$74
39 years$968$618$382$230$136$65
40 years$934$588$358$212$123$58
41 years$901$560$336$196$112$51
42 years$870$533$315$181$101$45
43 years$840$508$296$167$92$40
44 years$812$484$277$154$83$36
45 years$785$462$260$142$76$32
46 years$759$441$245$131$69$28
47 years$734$420$230$121$62$25
48 years$711$401$216$112$57$22
49 years$688$383$203$104$52$20
50 years$667$366$191$96$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $683,000, adding $5,407 every year, while hoping to spend $33,958 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: 38/35/27 Blend
69$683,000$683,000$683,000$683,000
70$758,243$722,044$711,458$780,787
71$799,453$721,293$699,161$797,046
72$843,728$719,368$685,313$811,089
73$891,345$716,174$669,828$825,612
74$942,608$711,612$652,613$840,679
75$997,851$705,578$633,573$856,365
76$1,057,440$697,959$612,606$872,755
77$1,121,779$688,639$589,607$889,943
78$1,191,308$677,490$564,467$908,041
79$1,266,516$664,382$537,071$927,169
80$1,347,936$649,172$507,299$947,467
81$1,436,157$631,712$475,025$969,092
82$1,531,824$611,846$440,117$992,219
83$1,635,648$589,404$402,439$1,017,048
84$1,748,412$564,212$361,848$1,043,799
85$1,870,973$536,082$318,193$1,072,725
86$2,004,279$504,817$271,320$1,104,103
87$2,149,370$470,207$221,063$1,138,248
88$2,307,391$432,032$167,254$1,175,511
89$2,479,602$390,059$109,714$1,216,285
90$2,667,389$344,040$48,257$1,261,006
91$2,872,279$293,714$0$1,310,166
92$3,095,951$238,805$0$1,369,301
93$3,340,255$179,024$0$1,449,190
94$3,607,226$114,061$0$1,536,653
95$3,899,105$43,592$0$1,632,511
96$4,218,361$0$0$1,737,670
97$4,567,709$0$0$1,865,737
98$4,950,141$0$0$2,024,403
99$5,368,953$0$0$2,198,256
100$5,827,770$0$0$2,388,814