Can I retire at age 70 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$58,796$58,273$57,762$57,263$56,776$55,858
2 years$29,107$28,565$28,040$27,530$27,036$26,114
3 years$19,212$18,668$18,143$17,639$17,153$16,255
4 years$14,265$13,723$13,204$12,708$12,234$11,367
5 years$11,298$10,759$10,247$9,761$9,300$8,467
6 years$9,321$8,785$8,281$7,806$7,359$6,561
7 years$7,909$7,378$6,881$6,418$5,984$5,222
8 years$6,850$6,324$5,836$5,384$4,965$4,237
9 years$6,028$5,506$5,027$4,586$4,181$3,487
10 years$5,370$4,854$4,382$3,953$3,562$2,903
11 years$4,832$4,321$3,858$3,440$3,064$2,437
12 years$4,384$3,878$3,424$3,017$2,655$2,061
13 years$4,005$3,505$3,059$2,664$2,315$1,753
14 years$3,681$3,186$2,749$2,365$2,030$1,497
15 years$3,400$2,910$2,482$2,109$1,787$1,285
16 years$3,154$2,670$2,250$1,888$1,579$1,105
17 years$2,938$2,459$2,047$1,697$1,400$954
18 years$2,746$2,272$1,869$1,529$1,245$825
19 years$2,574$2,106$1,711$1,382$1,110$715
20 years$2,420$1,957$1,570$1,251$991$621
21 years$2,280$1,823$1,444$1,136$887$540
22 years$2,154$1,701$1,331$1,033$795$470
23 years$2,038$1,591$1,229$940$714$410
24 years$1,933$1,491$1,137$858$642$357
25 years$1,836$1,399$1,053$783$577$312
26 years$1,746$1,315$976$716$520$273
27 years$1,664$1,238$907$656$469$238
28 years$1,587$1,166$843$601$423$208
29 years$1,516$1,100$784$551$382$182
30 years$1,449$1,039$731$505$345$160
31 years$1,387$982$681$464$312$140
32 years$1,329$929$636$427$282$123
33 years$1,275$880$593$392$255$107
34 years$1,224$834$554$361$231$94
35 years$1,176$791$518$332$209$82
36 years$1,131$751$485$306$190$72
37 years$1,088$713$454$282$172$63
38 years$1,048$678$425$260$156$56
39 years$1,010$645$398$240$141$49
40 years$973$613$373$221$128$43
41 years$939$584$350$204$116$38
42 years$906$556$328$188$106$33
43 years$875$530$308$174$96$29
44 years$846$505$289$160$87$25
45 years$818$481$272$148$79$22
46 years$791$459$255$137$72$20
47 years$765$438$240$126$65$17
48 years$741$418$225$117$59$15
49 years$718$400$212$108$54$13
50 years$695$382$199$100$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $712,000, adding $2,076 every year, while hoping to spend $55,309 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: 40/30/30 Blend
69$712,000$712,000$712,000$712,000
70$786,765$749,029$737,993$811,200
71$808,167$726,883$703,868$807,082
72$829,898$701,799$666,745$797,379
73$851,934$673,573$626,467$785,846
74$874,244$641,991$582,867$772,353
75$896,796$606,828$535,772$756,760
76$919,550$567,843$485,001$738,917
77$942,460$524,783$430,364$718,666
78$965,473$477,380$371,664$695,840
79$988,531$425,351$308,695$670,257
80$1,011,566$368,398$241,240$641,729
81$1,034,499$306,202$169,075$610,051
82$1,057,243$238,432$91,965$575,007
83$1,079,700$164,733$9,664$536,367
84$1,101,758$84,734$0$493,884
85$1,123,292$0$0$472,319
86$1,144,161$0$0$451,945
87$1,164,206$0$0$459,130
88$1,183,252$0$0$465,823
89$1,201,099$0$0$471,934
90$1,217,527$0$0$477,364
91$1,232,289$0$0$482,002
92$1,245,110$0$0$485,726
93$1,255,683$0$0$488,399
94$1,263,668$0$0$489,867
95$1,268,683$0$0$489,963
96$1,270,308$0$0$488,497
97$1,268,074$0$0$485,261
98$1,261,460$0$0$480,024
99$1,249,889$0$0$472,529
100$1,232,720$0$0$462,490