Can I retire at age 70 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$57,805$57,290$56,788$56,298$55,819$55,008
2 years$28,617$28,084$27,567$27,066$26,580$25,765
3 years$18,888$18,353$17,838$17,342$16,864$16,069
4 years$14,025$13,491$12,981$12,494$12,027$11,260
5 years$11,108$10,577$10,074$9,596$9,143$8,405
6 years$9,164$8,637$8,141$7,674$7,235$6,526
7 years$7,776$7,254$6,765$6,309$5,884$5,206
8 years$6,735$6,218$5,738$5,293$4,881$4,234
9 years$5,926$5,414$4,942$4,508$4,111$3,493
10 years$5,279$4,772$4,308$3,886$3,502$2,915
11 years$4,750$4,248$3,793$3,382$3,012$2,453
12 years$4,310$3,813$3,366$2,967$2,610$2,080
13 years$3,938$3,446$3,008$2,619$2,276$1,773
14 years$3,619$3,132$2,702$2,325$1,995$1,519
15 years$3,343$2,861$2,440$2,073$1,757$1,307
16 years$3,101$2,625$2,212$1,857$1,553$1,128
17 years$2,889$2,418$2,013$1,668$1,377$976
18 years$2,700$2,234$1,837$1,503$1,224$847
19 years$2,531$2,070$1,682$1,358$1,091$736
20 years$2,379$1,924$1,544$1,230$975$641
21 years$2,242$1,792$1,420$1,117$872$559
22 years$2,117$1,673$1,309$1,015$782$488
23 years$2,004$1,565$1,208$925$702$427
24 years$1,900$1,466$1,118$843$631$373
25 years$1,805$1,376$1,035$770$568$327
26 years$1,717$1,293$960$704$511$287
27 years$1,635$1,217$891$645$461$251
28 years$1,560$1,147$829$591$416$221
29 years$1,490$1,082$771$542$376$194
30 years$1,425$1,021$718$497$339$170
31 years$1,364$966$670$456$307$149
32 years$1,307$914$625$419$278$131
33 years$1,254$865$583$386$251$116
34 years$1,203$820$545$355$227$102
35 years$1,156$778$510$327$206$89
36 years$1,112$738$477$301$187$79
37 years$1,070$701$446$277$169$69
38 years$1,030$666$418$256$153$61
39 years$993$634$391$236$139$54
40 years$957$603$367$217$126$47
41 years$923$574$344$201$114$42
42 years$891$547$323$185$104$37
43 years$861$521$303$171$94$32
44 years$832$496$284$158$86$28
45 years$804$473$267$146$78$25
46 years$778$452$251$135$70$22
47 years$753$431$236$124$64$19
48 years$728$411$221$115$58$17
49 years$705$393$208$106$53$15
50 years$683$375$196$98$48$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $700,000, adding $2,999 every year, while hoping to spend $48,400 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: 66/28/6 Blend
69$700,000$700,000$700,000$700,000
70$774,493$737,393$726,543$824,688
71$801,995$722,029$699,385$843,027
72$830,679$704,289$669,695$856,972
73$860,615$684,006$637,338$870,921
74$891,879$661,004$602,170$884,866
75$924,552$635,094$564,044$898,803
76$958,721$606,078$522,804$912,728
77$994,481$573,746$478,288$926,637
78$1,031,934$537,876$430,327$940,530
79$1,071,193$498,233$378,744$954,408
80$1,112,376$454,569$323,354$968,275
81$1,155,616$406,620$263,964$982,136
82$1,201,055$354,110$200,372$996,001
83$1,248,846$296,745$132,368$1,009,884
84$1,299,159$234,216$59,733$1,023,803
85$1,352,175$166,195$0$1,037,780
86$1,408,096$92,337$0$1,052,983
87$1,467,137$12,277$0$1,072,463
88$1,529,536$0$0$1,092,453
89$1,595,551$0$0$1,135,935
90$1,665,465$0$0$1,186,012
91$1,739,585$0$0$1,239,124
92$1,818,250$0$0$1,295,516
93$1,901,828$0$0$1,355,455
94$1,990,720$0$0$1,419,234
95$2,085,370$0$0$1,487,172
96$2,186,259$0$0$1,559,619
97$2,293,916$0$0$1,636,960
98$2,408,921$0$0$1,719,615
99$2,531,909$0$0$1,808,045
100$2,663,577$0$0$1,902,755