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%11.3%
1 years$56,732$56,226$55,733$55,252$54,782$54,483
2 years$28,085$27,562$27,055$26,564$26,087$25,785
3 years$18,537$18,012$17,506$17,020$16,551$16,255
4 years$13,764$13,241$12,740$12,262$11,804$11,517
5 years$10,901$10,381$9,887$9,418$8,973$8,696
6 years$8,993$8,477$7,990$7,532$7,100$6,833
7 years$7,631$7,119$6,640$6,192$5,774$5,518
8 years$6,610$6,102$5,631$5,195$4,790$4,544
9 years$5,816$5,313$4,850$4,425$4,034$3,798
10 years$5,181$4,683$4,228$3,814$3,437$3,211
11 years$4,662$4,169$3,723$3,319$2,956$2,740
12 years$4,230$3,742$3,304$2,912$2,562$2,356
13 years$3,864$3,382$2,952$2,570$2,234$2,037
14 years$3,552$3,074$2,652$2,282$1,958$1,771
15 years$3,281$2,808$2,394$2,035$1,724$1,546
16 years$3,044$2,576$2,171$1,822$1,524$1,354
17 years$2,835$2,373$1,975$1,637$1,351$1,190
18 years$2,649$2,192$1,803$1,475$1,201$1,049
19 years$2,484$2,032$1,651$1,333$1,071$926
20 years$2,335$1,888$1,515$1,207$956$820
21 years$2,200$1,759$1,394$1,096$856$727
22 years$2,078$1,642$1,284$996$767$645
23 years$1,967$1,535$1,186$907$689$574
24 years$1,865$1,439$1,097$828$619$511
25 years$1,771$1,350$1,016$756$557$455
26 years$1,685$1,269$942$691$502$406
27 years$1,605$1,194$875$633$452$362
28 years$1,531$1,125$813$580$408$323
29 years$1,462$1,062$757$531$369$289
30 years$1,398$1,003$705$488$333$258
31 years$1,339$948$657$448$301$231
32 years$1,283$897$613$412$272$207
33 years$1,230$849$573$379$246$185
34 years$1,181$805$535$348$223$166
35 years$1,135$763$500$321$202$149
36 years$1,091$725$468$295$183$133
37 years$1,050$688$438$272$166$119
38 years$1,011$654$410$251$150$107
39 years$974$622$384$231$136$96
40 years$939$592$360$213$124$86
41 years$906$563$338$197$112$77
42 years$875$536$317$182$102$69
43 years$845$511$297$168$92$62
44 years$816$487$279$155$84$56
45 years$789$465$262$143$76$50
46 years$763$443$246$132$69$45
47 years$739$423$231$122$63$40
48 years$715$404$217$113$57$36
49 years$692$386$204$104$52$33
50 years$671$368$192$96$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $687,000, adding $3,303 every year, while hoping to spend $46,135 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: 32/38/30 Blend
69$687,000$687,000$687,000$687,000
70$760,481$724,070$713,422$777,792
71$788,963$710,462$688,234$777,821
72$818,804$694,641$660,656$773,582
73$850,093$676,450$630,560$768,131
74$882,929$655,723$597,810$761,394
75$917,417$632,282$562,266$753,296
76$953,672$605,943$523,780$743,756
77$991,820$576,507$482,200$732,694
78$1,031,996$543,767$437,365$720,024
79$1,074,349$507,501$389,106$705,658
80$1,119,041$467,476$337,249$689,507
81$1,166,247$423,447$281,610$671,477
82$1,216,159$375,151$222,000$651,473
83$1,268,988$322,313$158,217$629,398
84$1,324,962$264,644$90,054$605,152
85$1,384,330$201,834$17,294$578,633
86$1,447,368$133,560$0$549,739
87$1,514,373$59,478$0$537,683
88$1,585,673$0$0$530,204
89$1,661,626$0$0$530,422
90$1,742,624$0$0$557,235
91$1,829,096$0$0$585,925
92$1,921,514$0$0$616,653
93$2,020,392$0$0$649,602
94$2,126,296$0$0$684,968
95$2,239,848$0$0$722,968
96$2,361,726$0$0$763,840
97$2,492,679$0$0$807,845
98$2,633,526$0$0$855,272
99$2,785,166$0$0$906,434
100$2,948,589$0$0$961,678