Can I retire at age 70 with 698,000?

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 $698,000?

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$57,640$57,127$56,626$56,137$55,660$54,536
2 years$28,535$28,003$27,488$26,989$26,505$25,377
3 years$18,834$18,300$17,787$17,292$16,816$15,720
4 years$13,985$13,453$12,944$12,458$11,993$10,938
5 years$11,076$10,547$10,045$9,569$9,117$8,105
6 years$9,137$8,613$8,118$7,652$7,214$6,246
7 years$7,753$7,233$6,746$6,291$5,867$4,943
8 years$6,716$6,200$5,721$5,278$4,867$3,988
9 years$5,909$5,398$4,928$4,495$4,099$3,263
10 years$5,264$4,758$4,296$3,875$3,492$2,699
11 years$4,737$4,236$3,782$3,373$3,004$2,252
12 years$4,298$3,802$3,357$2,958$2,603$1,892
13 years$3,926$3,436$2,999$2,612$2,270$1,598
14 years$3,608$3,123$2,695$2,318$1,990$1,357
15 years$3,333$2,853$2,433$2,067$1,752$1,156
16 years$3,092$2,618$2,206$1,851$1,548$988
17 years$2,880$2,411$2,007$1,663$1,373$846
18 years$2,692$2,228$1,832$1,499$1,221$727
19 years$2,524$2,064$1,677$1,354$1,088$625
20 years$2,372$1,918$1,539$1,227$972$539
21 years$2,236$1,787$1,416$1,113$870$465
22 years$2,111$1,668$1,305$1,012$780$402
23 years$1,998$1,560$1,205$922$700$347
24 years$1,895$1,462$1,114$841$629$301
25 years$1,800$1,372$1,032$768$566$260
26 years$1,712$1,289$957$702$510$226
27 years$1,631$1,213$889$643$460$196
28 years$1,556$1,143$826$589$415$170
29 years$1,486$1,079$769$540$374$147
30 years$1,421$1,019$716$496$338$128
31 years$1,360$963$668$455$306$111
32 years$1,303$911$623$418$277$97
33 years$1,250$863$582$385$250$84
34 years$1,200$818$544$354$227$73
35 years$1,153$776$508$326$205$63
36 years$1,109$736$475$300$186$55
37 years$1,067$699$445$276$169$48
38 years$1,027$664$417$255$153$42
39 years$990$632$390$235$139$36
40 years$954$601$366$217$126$32
41 years$921$572$343$200$114$27
42 years$889$545$322$185$104$24
43 years$858$519$302$170$94$21
44 years$829$495$283$157$85$18
45 years$802$472$266$145$77$16
46 years$775$450$250$134$70$14
47 years$750$430$235$124$64$12
48 years$726$410$221$115$58$10
49 years$703$392$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 $698,000, adding $2,884 every year, while hoping to spend $29,974 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: 39/37/24 Blend
69$698,000$698,000$698,000$698,000
70$772,171$735,177$724,358$796,681
71$819,040$739,308$716,732$818,836
72$869,686$742,638$707,846$839,757
73$924,461$745,094$697,625$861,785
74$983,754$746,602$685,994$885,039
75$1,047,992$747,081$672,870$909,650
76$1,117,646$746,446$658,170$935,768
77$1,193,231$744,607$641,804$963,558
78$1,275,315$741,468$623,679$993,202
79$1,364,525$736,927$603,700$1,024,906
80$1,461,545$730,876$581,763$1,058,899
81$1,567,134$723,200$557,763$1,095,435
82$1,682,124$713,779$531,590$1,134,796
83$1,807,429$702,482$503,127$1,177,298
84$1,944,057$689,175$472,252$1,223,292
85$2,093,119$673,712$438,840$1,273,165
86$2,255,833$655,940$402,758$1,327,351
87$2,433,545$635,698$363,867$1,386,331
88$2,627,734$612,814$322,024$1,450,637
89$2,840,028$587,107$277,076$1,520,863
90$3,072,220$558,385$228,868$1,597,664
91$3,326,284$526,444$177,233$1,681,771
92$3,604,395$491,070$122,000$1,773,991
93$3,908,947$452,035$62,991$1,875,221
94$4,242,575$409,101$17$1,986,455
95$4,608,184$362,012$0$2,108,793
96$5,008,970$310,502$0$2,260,660
97$5,448,454$254,286$0$2,427,326
98$5,930,516$193,066$0$2,610,335
99$6,459,427$126,524$0$2,811,401
100$7,039,893$54,329$0$3,032,417