Can I retire at age 70 with 715,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$59,044$58,518$58,005$57,504$57,015$55,435
2 years$29,230$28,685$28,158$27,646$27,150$25,569
3 years$19,293$18,746$18,220$17,713$17,225$15,694
4 years$14,325$13,780$13,259$12,761$12,285$10,815
5 years$11,346$10,804$10,290$9,802$9,339$7,934
6 years$9,360$8,822$8,316$7,839$7,390$6,051
7 years$7,942$7,409$6,910$6,445$6,010$4,738
8 years$6,879$6,351$5,861$5,406$4,986$3,780
9 years$6,053$5,530$5,048$4,605$4,199$3,058
10 years$5,392$4,874$4,401$3,969$3,577$2,500
11 years$4,852$4,339$3,874$3,455$3,077$2,061
12 years$4,402$3,895$3,438$3,030$2,666$1,710
13 years$4,022$3,519$3,072$2,675$2,325$1,426
14 years$3,696$3,199$2,760$2,375$2,038$1,195
15 years$3,414$2,922$2,492$2,118$1,794$1,004
16 years$3,168$2,681$2,259$1,896$1,586$847
17 years$2,950$2,469$2,056$1,704$1,406$716
18 years$2,757$2,282$1,877$1,535$1,250$606
19 years$2,585$2,115$1,718$1,387$1,114$514
20 years$2,430$1,965$1,577$1,257$995$437
21 years$2,290$1,830$1,450$1,140$891$371
22 years$2,163$1,709$1,337$1,037$799$316
23 years$2,047$1,598$1,234$944$717$269
24 years$1,941$1,497$1,141$861$644$230
25 years$1,843$1,405$1,057$787$580$196
26 years$1,754$1,321$981$719$522$167
27 years$1,671$1,243$911$658$471$143
28 years$1,594$1,171$846$603$425$122
29 years$1,522$1,105$788$553$384$104
30 years$1,455$1,043$734$508$347$89
31 years$1,393$986$684$466$313$76
32 years$1,335$933$638$428$283$65
33 years$1,280$884$596$394$257$56
34 years$1,229$838$557$363$232$48
35 years$1,181$795$521$334$210$41
36 years$1,136$754$487$307$191$35
37 years$1,093$716$456$283$173$30
38 years$1,052$681$427$261$157$26
39 years$1,014$647$400$241$142$22
40 years$978$616$375$222$129$19
41 years$943$586$351$205$117$16
42 years$910$558$330$189$106$14
43 years$879$532$309$174$96$12
44 years$850$507$290$161$87$10
45 years$821$484$273$149$79$9
46 years$794$461$256$137$72$7
47 years$769$440$241$127$65$6
48 years$744$420$226$117$59$5
49 years$721$401$213$108$54$5
50 years$698$383$200$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $715,000, adding $5,439 every year, while hoping to spend $23,170 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: 63/26/11 Blend
69$715,000$715,000$715,000$715,000
70$793,540$755,645$744,563$841,211
71$849,829$768,019$744,853$886,139
72$911,082$780,223$744,376$932,002
73$977,782$792,224$743,083$981,500
74$1,050,459$803,986$740,919$1,034,986
75$1,129,697$815,472$737,831$1,092,848
76$1,216,139$826,643$733,761$1,155,515
77$1,310,490$837,453$728,647$1,223,460
78$1,413,530$847,858$722,426$1,297,203
79$1,526,115$857,809$715,033$1,377,317
80$1,649,188$867,251$706,396$1,464,436
81$1,783,789$876,129$696,444$1,559,256
82$1,931,059$884,384$685,099$1,662,547
83$2,092,259$891,951$672,281$1,775,157
84$2,268,775$898,762$657,908$1,898,019
85$2,462,133$904,744$641,891$2,032,164
86$2,674,015$909,821$624,139$2,178,729
87$2,906,272$913,910$604,555$2,338,964
88$3,160,944$916,923$583,040$2,514,252
89$3,440,277$918,769$559,488$2,706,113
90$3,746,745$919,348$533,791$2,916,228
91$4,083,072$918,556$505,832$3,146,445
92$4,452,261$916,281$475,493$3,398,805
93$4,857,618$912,404$442,648$3,675,557
94$5,302,784$906,802$407,166$3,979,180
95$5,791,773$899,340$368,911$4,312,410
96$6,329,005$889,878$327,740$4,678,258
97$6,919,347$878,266$283,504$5,080,049
98$7,568,165$864,346$236,046$5,521,446
99$8,281,369$847,950$185,204$6,006,488
100$9,065,468$828,899$130,808$6,539,627