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%11.6%
1 years$57,558$57,045$56,545$56,056$55,580$55,206
2 years$28,494$27,963$27,449$26,950$26,467$26,090
3 years$18,807$18,274$17,761$17,267$16,791$16,423
4 years$13,965$13,434$12,926$12,440$11,976$11,619
5 years$11,060$10,532$10,031$9,555$9,104$8,759
6 years$9,124$8,600$8,106$7,641$7,204$6,872
7 years$7,742$7,222$6,736$6,282$5,858$5,540
8 years$6,706$6,191$5,713$5,270$4,860$4,554
9 years$5,901$5,390$4,921$4,489$4,093$3,800
10 years$5,257$4,751$4,290$3,870$3,487$3,207
11 years$4,730$4,230$3,777$3,368$2,999$2,732
12 years$4,291$3,796$3,352$2,954$2,599$2,344
13 years$3,921$3,431$2,995$2,608$2,266$2,023
14 years$3,603$3,119$2,691$2,315$1,987$1,755
15 years$3,328$2,849$2,429$2,065$1,749$1,529
16 years$3,088$2,614$2,203$1,849$1,546$1,337
17 years$2,876$2,407$2,004$1,661$1,371$1,173
18 years$2,688$2,224$1,830$1,497$1,219$1,031
19 years$2,520$2,062$1,675$1,353$1,086$909
20 years$2,369$1,916$1,537$1,225$970$802
21 years$2,232$1,784$1,414$1,112$868$710
22 years$2,108$1,666$1,303$1,011$778$629
23 years$1,995$1,558$1,203$921$699$558
24 years$1,892$1,460$1,113$840$628$495
25 years$1,797$1,370$1,031$767$565$440
26 years$1,709$1,287$956$701$509$392
27 years$1,628$1,212$888$642$459$349
28 years$1,553$1,142$825$588$414$311
29 years$1,484$1,077$768$539$374$277
30 years$1,419$1,017$715$495$338$247
31 years$1,358$962$667$454$305$221
32 years$1,301$910$622$418$276$197
33 years$1,248$862$581$384$250$176
34 years$1,198$817$543$353$226$157
35 years$1,151$775$507$325$205$140
36 years$1,107$735$475$300$186$126
37 years$1,065$698$444$276$168$112
38 years$1,026$664$416$254$153$100
39 years$988$631$390$235$138$90
40 years$953$600$365$216$126$80
41 years$919$571$343$200$114$72
42 years$887$544$321$184$103$64
43 years$857$519$302$170$94$58
44 years$828$494$283$157$85$52
45 years$801$471$266$145$77$46
46 years$774$450$250$134$70$41
47 years$749$429$235$124$64$37
48 years$725$410$220$114$58$33
49 years$702$391$207$106$53$30
50 years$681$374$195$98$48$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $697,000, adding $4,432 every year, while hoping to spend $52,607 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: 75/18/7 Blend
69$697,000$697,000$697,000$697,000
70$772,666$735,725$724,921$829,571
71$795,504$715,802$693,233$847,701
72$818,909$693,139$658,719$860,423
73$842,882$667,548$621,231$872,852
74$867,425$638,826$580,611$884,940
75$892,536$606,763$536,695$896,632
76$918,212$571,131$489,312$907,873
77$944,448$531,696$438,282$918,599
78$971,237$488,204$383,420$928,745
79$998,567$440,390$324,529$938,237
80$1,026,426$387,973$261,405$946,996
81$1,054,795$330,658$193,836$954,937
82$1,083,654$268,129$121,598$961,967
83$1,112,976$200,057$44,461$967,985
84$1,142,730$126,091$0$972,883
85$1,172,881$45,862$0$979,370
86$1,203,386$0$0$988,219
87$1,234,194$0$0$1,004,111
88$1,265,249$0$0$1,029,275
89$1,296,485$0$0$1,054,573
90$1,327,825$0$0$1,079,941
91$1,359,183$0$0$1,105,307
92$1,390,461$0$0$1,130,590
93$1,421,548$0$0$1,155,696
94$1,452,318$0$0$1,180,522
95$1,482,627$0$0$1,204,949
96$1,512,317$0$0$1,228,843
97$1,541,207$0$0$1,252,056
98$1,569,094$0$0$1,274,420
99$1,595,753$0$0$1,295,747
100$1,620,929$0$0$1,315,825