Can I retire at age 70 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$56,732$56,226$55,733$55,252$54,782$54,008
2 years$28,085$27,562$27,055$26,564$26,087$25,308
3 years$18,537$18,012$17,506$17,020$16,551$15,792
4 years$13,764$13,241$12,740$12,262$11,804$11,071
5 years$10,901$10,381$9,887$9,418$8,973$8,268
6 years$8,993$8,477$7,990$7,532$7,100$6,424
7 years$7,631$7,119$6,640$6,192$5,774$5,127
8 years$6,610$6,102$5,631$5,195$4,790$4,172
9 years$5,816$5,313$4,850$4,425$4,034$3,444
10 years$5,181$4,683$4,228$3,814$3,437$2,876
11 years$4,662$4,169$3,723$3,319$2,956$2,422
12 years$4,230$3,742$3,304$2,912$2,562$2,055
13 years$3,864$3,382$2,952$2,570$2,234$1,753
14 years$3,552$3,074$2,652$2,282$1,958$1,503
15 years$3,281$2,808$2,394$2,035$1,724$1,294
16 years$3,044$2,576$2,171$1,822$1,524$1,117
17 years$2,835$2,373$1,975$1,637$1,351$967
18 years$2,649$2,192$1,803$1,475$1,201$840
19 years$2,484$2,032$1,651$1,333$1,071$731
20 years$2,335$1,888$1,515$1,207$956$637
21 years$2,200$1,759$1,394$1,096$856$556
22 years$2,078$1,642$1,284$996$767$486
23 years$1,967$1,535$1,186$907$689$425
24 years$1,865$1,439$1,097$828$619$372
25 years$1,771$1,350$1,016$756$557$326
26 years$1,685$1,269$942$691$502$286
27 years$1,605$1,194$875$633$452$251
28 years$1,531$1,125$813$580$408$221
29 years$1,462$1,062$757$531$369$194
30 years$1,398$1,003$705$488$333$170
31 years$1,339$948$657$448$301$150
32 years$1,283$897$613$412$272$132
33 years$1,230$849$573$379$246$116
34 years$1,181$805$535$348$223$102
35 years$1,135$763$500$321$202$90
36 years$1,091$725$468$295$183$79
37 years$1,050$688$438$272$166$70
38 years$1,011$654$410$251$150$61
39 years$974$622$384$231$136$54
40 years$939$592$360$213$124$48
41 years$906$563$338$197$112$42
42 years$875$536$317$182$102$37
43 years$845$511$297$168$92$33
44 years$816$487$279$155$84$29
45 years$789$465$262$143$76$25
46 years$763$443$246$132$69$22
47 years$739$423$231$122$63$20
48 years$715$404$217$113$57$17
49 years$692$386$204$104$52$15
50 years$671$368$192$96$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $687,000, adding $4,180 every year, while hoping to spend $26,575 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: 79/5/16 Blend
69$687,000$687,000$687,000$687,000
70$761,386$724,975$714,326$818,612
71$810,771$732,223$709,981$864,148
72$864,304$738,935$704,599$910,293
73$922,378$745,058$698,118$960,182
74$985,428$750,533$690,472$1,014,178
75$1,053,931$755,299$681,592$1,072,684
76$1,128,413$759,291$671,407$1,136,141
77$1,209,453$762,437$659,841$1,205,037
78$1,297,686$764,665$646,814$1,279,908
79$1,393,812$765,896$632,244$1,361,347
80$1,498,601$766,045$616,045$1,450,004
81$1,612,901$765,024$598,125$1,546,599
82$1,737,645$762,738$578,391$1,651,923
83$1,873,861$759,088$556,742$1,766,849
84$2,022,678$753,967$533,077$1,892,338
85$2,185,341$747,262$507,285$2,029,451
86$2,363,221$738,853$479,254$2,179,355
87$2,557,827$728,614$448,866$2,343,338
88$2,770,819$716,410$415,998$2,522,819
89$3,004,028$702,099$380,519$2,719,362
90$3,259,468$685,530$342,294$2,934,691
91$3,539,356$666,544$301,184$3,170,704
92$3,846,137$644,972$257,041$3,429,497
93$4,182,502$620,634$209,710$3,713,377
94$4,551,413$593,341$159,032$4,024,888
95$4,956,136$562,893$104,838$4,366,833
96$5,400,265$529,079$46,953$4,742,304
97$5,887,762$491,673$0$5,154,706
98$6,422,988$450,440$0$5,610,323
99$7,010,750$405,129$0$6,119,482
100$7,656,341$355,474$0$6,678,752