Can I retire at age 70 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$58,961$58,436$57,924$57,424$56,935$56,201
2 years$29,189$28,645$28,118$27,608$27,112$26,373
3 years$19,266$18,720$18,194$17,688$17,201$16,480
4 years$14,305$13,761$13,241$12,744$12,268$11,571
5 years$11,330$10,789$10,275$9,788$9,326$8,655
6 years$9,347$8,810$8,304$7,828$7,379$6,736
7 years$7,931$7,399$6,901$6,436$6,001$5,385
8 years$6,870$6,342$5,852$5,399$4,979$4,389
9 years$6,044$5,522$5,041$4,598$4,193$3,630
10 years$5,385$4,867$4,395$3,964$3,572$3,036
11 years$4,845$4,333$3,869$3,450$3,072$2,562
12 years$4,396$3,889$3,434$3,026$2,662$2,178
13 years$4,016$3,515$3,068$2,671$2,322$1,862
14 years$3,691$3,195$2,756$2,371$2,035$1,599
15 years$3,409$2,918$2,489$2,115$1,792$1,379
16 years$3,163$2,678$2,256$1,894$1,584$1,194
17 years$2,946$2,466$2,053$1,701$1,404$1,036
18 years$2,754$2,279$1,874$1,533$1,249$901
19 years$2,581$2,112$1,716$1,385$1,113$786
20 years$2,427$1,962$1,575$1,255$994$686
21 years$2,287$1,828$1,448$1,139$890$600
22 years$2,160$1,706$1,335$1,035$797$526
23 years$2,044$1,596$1,233$943$716$461
24 years$1,938$1,495$1,140$860$643$405
25 years$1,841$1,403$1,056$785$579$356
26 years$1,751$1,319$979$718$521$313
27 years$1,668$1,241$909$657$470$275
28 years$1,591$1,169$845$602$424$242
29 years$1,520$1,103$787$552$383$213
30 years$1,453$1,042$733$507$346$188
31 years$1,391$985$683$466$313$166
32 years$1,333$932$637$428$283$146
33 years$1,279$883$595$393$256$129
34 years$1,227$837$556$362$232$114
35 years$1,179$793$520$333$210$100
36 years$1,134$753$486$307$190$89
37 years$1,091$715$455$283$173$78
38 years$1,051$680$426$261$156$69
39 years$1,012$646$399$240$142$61
40 years$976$615$374$222$129$54
41 years$942$585$351$205$117$48
42 years$909$557$329$189$106$42
43 years$878$531$309$174$96$37
44 years$848$506$290$161$87$33
45 years$820$483$272$149$79$29
46 years$793$461$256$137$72$26
47 years$768$440$240$127$65$23
48 years$743$420$226$117$59$20
49 years$720$401$212$108$54$18
50 years$697$383$200$100$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $714,000, adding $6,786 every year, while hoping to spend $29,378 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: 78/7/15 Blend
69$714,000$714,000$714,000$714,000
70$793,828$755,986$744,919$852,720
71$843,540$761,771$738,616$898,265
72$897,339$766,855$731,117$943,806
73$955,609$771,173$722,351$992,940
74$1,018,775$774,655$712,244$1,046,016
75$1,087,304$777,226$700,717$1,103,418
76$1,161,708$778,809$687,690$1,165,567
77$1,242,551$779,320$673,077$1,232,930
78$1,330,454$778,669$656,788$1,306,020
79$1,426,100$776,764$638,730$1,385,401
80$1,530,240$773,503$618,805$1,471,699
81$1,643,701$768,781$596,911$1,565,599
82$1,767,392$762,485$572,941$1,667,858
83$1,902,314$754,495$546,783$1,779,312
84$2,049,570$744,685$518,321$1,900,881
85$2,210,373$732,921$487,431$2,033,577
86$2,386,057$719,061$453,986$2,178,520
87$2,578,093$702,953$417,853$2,336,940
88$2,788,100$684,439$378,892$2,510,197
89$3,017,860$663,350$336,958$2,699,786
90$3,269,334$639,506$291,899$2,907,358
91$3,544,683$612,719$243,555$3,134,732
92$3,846,287$582,789$191,760$3,383,913
93$4,176,766$549,503$136,342$3,657,111
94$4,539,006$512,639$77,120$3,956,761
95$4,936,186$471,959$13,904$4,285,550
96$5,371,804$427,213$0$4,646,438
97$5,849,718$378,136$0$5,051,259
98$6,374,174$324,449$0$5,497,970
99$6,949,850$265,857$0$5,988,343
100$7,581,898$202,048$0$6,526,784