Can I retire at age 70 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$57,723$57,209$56,707$56,217$55,739$55,411
2 years$28,576$28,043$27,528$27,028$26,542$26,212
3 years$18,861$18,327$17,812$17,317$16,840$16,516
4 years$14,005$13,472$12,963$12,476$12,010$11,696
5 years$11,092$10,562$10,060$9,583$9,130$8,827
6 years$9,151$8,625$8,130$7,663$7,224$6,932
7 years$7,764$7,243$6,756$6,300$5,875$5,595
8 years$6,725$6,209$5,729$5,285$4,874$4,605
9 years$5,917$5,406$4,935$4,502$4,105$3,847
10 years$5,272$4,765$4,302$3,881$3,497$3,250
11 years$4,744$4,242$3,788$3,377$3,008$2,772
12 years$4,304$3,807$3,361$2,962$2,607$2,381
13 years$3,932$3,441$3,003$2,615$2,273$2,058
14 years$3,614$3,128$2,698$2,322$1,992$1,788
15 years$3,338$2,857$2,436$2,070$1,754$1,560
16 years$3,097$2,621$2,209$1,854$1,550$1,366
17 years$2,884$2,414$2,010$1,666$1,375$1,199
18 years$2,696$2,231$1,835$1,501$1,222$1,056
19 years$2,527$2,067$1,680$1,356$1,090$932
20 years$2,376$1,921$1,542$1,228$973$824
21 years$2,239$1,789$1,418$1,115$871$730
22 years$2,114$1,670$1,307$1,014$781$648
23 years$2,001$1,562$1,207$923$701$575
24 years$1,897$1,464$1,116$842$630$512
25 years$1,802$1,374$1,034$769$567$456
26 years$1,714$1,291$959$703$511$406
27 years$1,633$1,215$890$644$460$362
28 years$1,558$1,145$827$590$415$323
29 years$1,488$1,080$770$541$375$289
30 years$1,423$1,020$717$496$339$258
31 years$1,362$964$669$456$306$230
32 years$1,305$912$624$419$277$206
33 years$1,252$864$583$385$251$184
34 years$1,202$819$544$354$227$165
35 years$1,155$777$509$326$206$148
36 years$1,110$737$476$300$186$132
37 years$1,068$700$446$277$169$119
38 years$1,029$665$417$255$153$106
39 years$991$633$391$235$139$95
40 years$956$602$366$217$126$85
41 years$922$573$344$200$114$76
42 years$890$546$322$185$104$69
43 years$859$520$302$171$94$61
44 years$831$496$284$157$85$55
45 years$803$473$267$145$78$49
46 years$777$451$250$134$70$44
47 years$751$430$235$124$64$40
48 years$727$411$221$115$58$36
49 years$704$392$208$106$53$32
50 years$682$375$195$98$48$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $699,000, adding $3,593 every year, while hoping to spend $47,381 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: 64/21/15 Blend
69$699,000$699,000$699,000$699,000
70$774,004$736,957$726,123$820,502
71$802,540$722,655$700,035$837,795
72$832,398$706,064$671,485$850,900
73$863,663$687,022$640,341$864,060
74$896,428$665,358$606,463$877,281
75$930,792$640,889$569,708$890,569
76$966,864$613,423$529,924$903,937
77$1,004,760$582,757$486,953$917,397
78$1,044,609$548,675$440,629$930,966
79$1,086,550$510,951$390,781$944,667
80$1,130,733$469,343$337,227$958,525
81$1,177,324$423,597$279,781$972,570
82$1,226,501$373,443$218,244$986,841
83$1,278,461$318,599$152,412$1,001,380
84$1,333,417$258,763$82,070$1,016,239
85$1,391,602$193,619$6,996$1,031,478
86$1,453,270$122,831$0$1,047,167
87$1,518,700$46,046$0$1,075,089
88$1,588,196$0$0$1,105,590
89$1,662,089$0$0$1,146,272
90$1,740,744$0$0$1,200,928
91$1,824,559$0$0$1,259,198
92$1,913,971$0$0$1,321,388
93$2,009,457$0$0$1,387,835
94$2,111,541$0$0$1,458,906
95$2,220,796$0$0$1,535,007
96$2,337,853$0$0$1,616,579
97$2,463,401$0$0$1,704,110
98$2,598,198$0$0$1,798,132
99$2,743,076$0$0$1,899,230
100$2,898,948$0$0$2,008,047