Can I retire at age 70 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$58,466$57,945$57,437$56,941$56,457$55,867
2 years$28,944$28,405$27,882$27,376$26,884$26,291
3 years$19,104$18,563$18,042$17,540$17,056$16,477
4 years$14,185$13,646$13,130$12,636$12,165$11,604
5 years$11,235$10,698$10,189$9,706$9,248$8,707
6 years$9,268$8,736$8,234$7,762$7,317$6,798
7 years$7,864$7,336$6,843$6,382$5,951$5,453
8 years$6,812$6,289$5,803$5,353$4,937$4,460
9 years$5,994$5,475$4,998$4,560$4,158$3,702
10 years$5,339$4,826$4,358$3,931$3,542$3,107
11 years$4,805$4,297$3,836$3,421$3,047$2,632
12 years$4,359$3,856$3,405$3,001$2,640$2,246
13 years$3,983$3,485$3,042$2,649$2,302$1,927
14 years$3,660$3,168$2,733$2,351$2,018$1,662
15 years$3,381$2,894$2,468$2,097$1,777$1,439
16 years$3,137$2,655$2,237$1,878$1,570$1,251
17 years$2,922$2,445$2,036$1,687$1,392$1,090
18 years$2,730$2,259$1,858$1,520$1,238$952
19 years$2,560$2,094$1,701$1,374$1,104$834
20 years$2,406$1,946$1,561$1,244$986$732
21 years$2,268$1,813$1,436$1,129$882$643
22 years$2,142$1,692$1,324$1,027$791$566
23 years$2,027$1,582$1,222$935$710$498
24 years$1,922$1,483$1,130$853$638$439
25 years$1,825$1,391$1,047$779$574$388
26 years$1,736$1,308$971$712$517$343
27 years$1,654$1,231$902$652$466$303
28 years$1,578$1,160$838$597$421$268
29 years$1,507$1,094$780$548$380$237
30 years$1,441$1,033$727$503$343$210
31 years$1,380$977$677$462$310$186
32 years$1,322$924$632$424$281$165
33 years$1,268$875$590$390$254$146
34 years$1,217$829$551$359$230$130
35 years$1,169$787$515$330$208$115
36 years$1,124$747$482$304$189$102
37 years$1,082$709$451$280$171$91
38 years$1,042$674$423$258$155$80
39 years$1,004$641$396$238$141$71
40 years$968$610$371$220$128$63
41 years$934$580$348$203$116$56
42 years$901$553$326$187$105$50
43 years$871$527$306$173$95$44
44 years$841$502$288$160$87$39
45 years$813$479$270$147$79$35
46 years$787$457$254$136$71$31
47 years$761$436$238$126$65$28
48 years$737$416$224$116$59$25
49 years$714$397$210$107$53$22
50 years$691$380$198$99$49$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $708,000, adding $5,836 every year, while hoping to spend $20,651 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: 20/50/30 Blend
69$708,000$708,000$708,000$708,000
70$786,236$748,712$737,738$794,391
71$844,459$763,426$740,480$817,329
72$907,930$778,169$742,621$839,753
73$977,160$792,921$744,120$863,252
74$1,052,715$807,659$744,933$887,927
75$1,135,217$822,360$745,014$913,888
76$1,225,351$836,997$744,314$941,257
77$1,323,871$851,544$742,782$970,170
78$1,431,606$865,970$740,365$1,000,777
79$1,549,469$880,242$737,007$1,033,246
80$1,678,468$894,327$732,650$1,067,763
81$1,819,710$908,187$727,231$1,104,532
82$1,974,414$921,782$720,688$1,143,783
83$2,143,925$935,070$712,951$1,185,768
84$2,329,722$948,005$703,952$1,230,766
85$2,533,434$960,537$693,615$1,279,090
86$2,756,857$972,616$681,863$1,331,082
87$3,001,966$984,184$668,615$1,387,125
88$3,270,940$995,182$653,787$1,447,640
89$3,566,176$1,005,547$637,289$1,513,096
90$3,890,317$1,015,209$619,029$1,584,010
91$4,246,272$1,024,098$598,910$1,660,955
92$4,637,248$1,032,135$576,830$1,744,566
93$5,066,776$1,039,238$552,682$1,835,546
94$5,538,747$1,045,320$526,356$1,934,671
95$6,057,446$1,050,288$497,736$2,042,802
96$6,627,595$1,054,042$466,700$2,160,889
97$7,254,397$1,056,477$433,122$2,289,985
98$7,943,582$1,057,481$396,868$2,431,253
99$8,701,466$1,056,935$357,801$2,585,979
100$9,535,003$1,054,713$315,776$2,755,586