Can I retire at age 70 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$58,631$58,109$57,599$57,102$56,616$56,002
2 years$29,025$28,485$27,961$27,453$26,960$26,341
3 years$19,158$18,615$18,093$17,589$17,105$16,501
4 years$14,225$13,684$13,167$12,672$12,199$11,615
5 years$11,266$10,728$10,218$9,733$9,274$8,711
6 years$9,295$8,761$8,258$7,784$7,338$6,797
7 years$7,887$7,357$6,862$6,400$5,968$5,449
8 years$6,831$6,306$5,820$5,368$4,951$4,454
9 years$6,011$5,491$5,012$4,573$4,169$3,695
10 years$5,355$4,840$4,370$3,942$3,552$3,100
11 years$4,818$4,309$3,847$3,430$3,055$2,624
12 years$4,372$3,867$3,414$3,009$2,648$2,237
13 years$3,994$3,495$3,050$2,656$2,309$1,919
14 years$3,670$3,177$2,741$2,358$2,024$1,654
15 years$3,390$2,902$2,475$2,103$1,782$1,431
16 years$3,146$2,663$2,244$1,883$1,575$1,243
17 years$2,930$2,452$2,042$1,692$1,396$1,082
18 years$2,738$2,266$1,864$1,525$1,242$945
19 years$2,567$2,100$1,706$1,378$1,107$827
20 years$2,413$1,951$1,566$1,248$989$725
21 years$2,274$1,818$1,440$1,132$885$636
22 years$2,148$1,697$1,327$1,030$793$560
23 years$2,033$1,587$1,226$938$712$493
24 years$1,927$1,487$1,133$855$640$434
25 years$1,830$1,395$1,050$781$576$383
26 years$1,741$1,311$974$714$519$338
27 years$1,659$1,234$904$654$468$299
28 years$1,582$1,163$841$599$422$264
29 years$1,511$1,097$782$549$381$233
30 years$1,445$1,036$729$504$344$207
31 years$1,383$979$679$463$311$183
32 years$1,326$927$634$425$281$162
33 years$1,272$878$592$391$255$143
34 years$1,221$832$553$360$231$127
35 years$1,173$789$517$331$209$113
36 years$1,128$749$484$305$189$100
37 years$1,085$711$453$281$172$89
38 years$1,045$676$424$259$156$79
39 years$1,007$643$397$239$141$70
40 years$971$612$372$220$128$62
41 years$936$582$349$203$116$55
42 years$904$554$327$188$105$49
43 years$873$528$307$173$96$43
44 years$844$503$288$160$87$38
45 years$816$480$271$148$79$34
46 years$789$458$254$136$72$30
47 years$763$437$239$126$65$27
48 years$739$417$225$117$59$24
49 years$716$398$211$108$54$21
50 years$693$381$198$100$49$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $710,000, adding $5,469 every year, while hoping to spend $55,116 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: 76/6/18 Blend
69$710,000$710,000$710,000$710,000
70$788,061$750,431$739,426$844,317
71$809,801$728,559$705,554$860,406
72$831,910$703,769$668,700$870,666
73$854,369$675,858$628,706$880,444
74$877,154$644,613$585,406$889,675
75$900,235$609,811$538,629$898,289
76$923,579$571,212$488,193$906,209
77$947,147$528,564$433,911$913,352
78$970,894$481,602$375,585$919,627
79$994,768$430,043$313,010$924,935
80$1,018,710$373,591$245,971$929,167
81$1,042,652$311,930$174,244$932,206
82$1,066,517$244,730$97,596$933,922
83$1,090,218$171,637$15,782$934,177
84$1,113,656$92,284$0$932,816
85$1,136,720$6,277$0$943,410
86$1,159,285$0$0$956,167
87$1,181,211$0$0$973,637
88$1,202,339$0$0$990,839
89$1,222,492$0$0$1,007,209
90$1,241,472$0$0$1,022,581
91$1,259,059$0$0$1,036,769
92$1,275,004$0$0$1,049,566
93$1,289,033$0$0$1,060,739
94$1,300,838$0$0$1,070,032
95$1,310,077$0$0$1,077,158
96$1,316,370$0$0$1,081,797
97$1,319,294$0$0$1,083,594
98$1,318,379$0$0$1,082,155
99$1,313,102$0$0$1,077,043
100$1,302,886$0$0$1,067,771