Can I retire at age 70 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$57,558$57,045$56,545$56,056$55,580$54,458
2 years$28,494$27,963$27,449$26,950$26,467$25,341
3 years$18,807$18,274$17,761$17,267$16,791$15,697
4 years$13,965$13,434$12,926$12,440$11,976$10,922
5 years$11,060$10,532$10,031$9,555$9,104$8,093
6 years$9,124$8,600$8,106$7,641$7,204$6,237
7 years$7,742$7,222$6,736$6,282$5,858$4,936
8 years$6,706$6,191$5,713$5,270$4,860$3,982
9 years$5,901$5,390$4,921$4,489$4,093$3,258
10 years$5,257$4,751$4,290$3,870$3,487$2,695
11 years$4,730$4,230$3,777$3,368$2,999$2,249
12 years$4,291$3,796$3,352$2,954$2,599$1,889
13 years$3,921$3,431$2,995$2,608$2,266$1,596
14 years$3,603$3,119$2,691$2,315$1,987$1,355
15 years$3,328$2,849$2,429$2,065$1,749$1,154
16 years$3,088$2,614$2,203$1,849$1,546$986
17 years$2,876$2,407$2,004$1,661$1,371$845
18 years$2,688$2,224$1,830$1,497$1,219$726
19 years$2,520$2,062$1,675$1,353$1,086$624
20 years$2,369$1,916$1,537$1,225$970$538
21 years$2,232$1,784$1,414$1,112$868$464
22 years$2,108$1,666$1,303$1,011$778$401
23 years$1,995$1,558$1,203$921$699$347
24 years$1,892$1,460$1,113$840$628$300
25 years$1,797$1,370$1,031$767$565$260
26 years$1,709$1,287$956$701$509$225
27 years$1,628$1,212$888$642$459$195
28 years$1,553$1,142$825$588$414$170
29 years$1,484$1,077$768$539$374$147
30 years$1,419$1,017$715$495$338$128
31 years$1,358$962$667$454$305$111
32 years$1,301$910$622$418$276$96
33 years$1,248$862$581$384$250$84
34 years$1,198$817$543$353$226$73
35 years$1,151$775$507$325$205$63
36 years$1,107$735$475$300$186$55
37 years$1,065$698$444$276$168$48
38 years$1,026$664$416$254$153$42
39 years$988$631$390$235$138$36
40 years$953$600$365$216$126$31
41 years$919$571$343$200$114$27
42 years$887$544$321$184$103$24
43 years$857$519$302$170$94$21
44 years$828$494$283$157$85$18
45 years$801$471$266$145$77$16
46 years$774$450$250$134$70$14
47 years$749$429$235$124$64$12
48 years$725$410$220$114$58$10
49 years$702$391$207$106$53$9
50 years$681$374$195$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $697,000, adding $4,441 every year, while hoping to spend $34,571 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: 65/29/6 Blend
69$697,000$697,000$697,000$697,000
70$772,675$735,734$724,930$821,860
71$814,704$735,002$712,432$854,381
72$859,862$733,075$698,357$885,364
73$908,431$729,858$682,615$918,298
74$960,721$725,251$665,112$953,368
75$1,017,073$719,147$645,752$990,781
76$1,077,861$711,432$624,431$1,030,762
77$1,143,497$701,986$601,043$1,073,565
78$1,214,432$690,681$575,476$1,119,466
79$1,291,162$677,383$547,613$1,168,774
80$1,374,234$661,948$517,332$1,221,827
81$1,464,248$644,225$484,504$1,279,003
82$1,561,863$624,054$448,997$1,340,717
83$1,667,805$601,265$410,670$1,407,429
84$1,782,871$575,678$369,378$1,479,645
85$1,907,941$547,103$324,969$1,557,929
86$2,043,979$515,339$277,284$1,642,901
87$2,192,048$480,173$226,156$1,735,247
88$2,353,317$441,382$171,412$1,835,726
89$2,529,073$398,727$112,872$1,945,175
90$2,720,730$351,956$50,345$2,064,521
91$2,929,848$300,805$0$2,194,787
92$3,158,141$244,994$0$2,338,153
93$3,407,498$184,225$0$2,498,326
94$3,679,997$118,186$0$2,673,475
95$3,977,926$46,547$0$2,865,136
96$4,303,805$0$0$3,075,010
97$4,660,408$0$0$3,314,877
98$5,050,789$0$0$3,593,771
99$5,478,312$0$0$3,899,246
100$5,946,681$0$0$4,233,956