Can I retire at age 70 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$59,127$58,600$58,086$57,585$57,095$56,569
2 years$29,271$28,725$28,197$27,685$27,188$26,658
3 years$19,320$18,772$18,245$17,738$17,249$16,732
4 years$14,346$13,800$13,278$12,779$12,302$11,802
5 years$11,362$10,819$10,304$9,816$9,352$8,869
6 years$9,373$8,835$8,327$7,850$7,400$6,936
7 years$7,953$7,419$6,920$6,454$6,018$5,573
8 years$6,889$6,360$5,869$5,414$4,993$4,566
9 years$6,061$5,537$5,055$4,611$4,204$3,796
10 years$5,400$4,881$4,407$3,975$3,582$3,193
11 years$4,859$4,345$3,880$3,459$3,081$2,709
12 years$4,408$3,900$3,443$3,034$2,670$2,316
13 years$4,028$3,524$3,076$2,679$2,328$1,991
14 years$3,701$3,204$2,764$2,378$2,041$1,721
15 years$3,419$2,927$2,496$2,121$1,797$1,493
16 years$3,172$2,685$2,263$1,899$1,588$1,300
17 years$2,955$2,473$2,059$1,706$1,408$1,136
18 years$2,761$2,285$1,879$1,538$1,252$994
19 years$2,589$2,118$1,721$1,389$1,116$873
20 years$2,433$1,968$1,579$1,258$997$767
21 years$2,293$1,833$1,452$1,142$892$676
22 years$2,166$1,711$1,339$1,038$800$596
23 years$2,050$1,600$1,236$946$718$526
24 years$1,944$1,499$1,143$862$645$465
25 years$1,846$1,407$1,059$788$581$411
26 years$1,756$1,322$982$720$523$364
27 years$1,673$1,245$912$659$471$323
28 years$1,596$1,173$848$604$425$286
29 years$1,524$1,106$789$554$384$254
30 years$1,457$1,045$735$508$347$225
31 years$1,395$988$685$467$314$200
32 years$1,337$935$639$429$284$178
33 years$1,282$885$597$395$257$158
34 years$1,231$839$558$363$233$141
35 years$1,183$796$521$334$211$125
36 years$1,137$755$488$308$191$111
37 years$1,094$717$456$284$173$99
38 years$1,054$682$427$261$157$88
39 years$1,015$648$400$241$142$78
40 years$979$617$375$222$129$70
41 years$944$587$352$205$117$62
42 years$912$559$330$189$106$55
43 years$880$533$310$175$96$49
44 years$851$508$291$161$87$44
45 years$822$484$273$149$79$39
46 years$795$462$256$138$72$35
47 years$770$441$241$127$65$31
48 years$745$421$226$117$59$28
49 years$722$402$213$109$54$25
50 years$699$384$200$100$49$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $716,000, adding $3,353 every year, while hoping to spend $45,824 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: 51/40/9 Blend
69$716,000$716,000$716,000$716,000
70$792,491$754,543$743,445$830,895
71$824,568$742,759$719,594$845,657
72$858,382$728,862$693,408$856,509
73$894,061$712,700$664,761$867,233
74$931,744$694,111$633,520$877,829
75$971,586$672,927$599,546$888,297
76$1,013,753$648,965$562,696$898,644
77$1,058,428$622,036$522,818$908,877
78$1,105,809$591,938$479,755$919,010
79$1,156,115$558,457$433,340$929,059
80$1,209,584$521,366$383,402$939,049
81$1,266,477$480,428$329,761$949,008
82$1,327,078$435,390$272,229$958,974
83$1,391,701$385,985$210,609$968,992
84$1,460,686$331,930$144,697$979,118
85$1,534,410$272,928$74,278$989,416
86$1,613,283$208,664$0$999,966
87$1,697,755$138,806$0$1,010,943
88$1,788,320$63,002$0$1,029,989
89$1,885,522$0$0$1,050,113
90$1,989,953$0$0$1,079,899
91$2,102,268$0$0$1,141,810
92$2,223,184$0$0$1,208,516
93$2,353,487$0$0$1,280,458
94$2,494,042$0$0$1,358,123
95$2,645,800$0$0$1,442,041
96$2,809,805$0$0$1,532,799
97$2,987,202$0$0$1,631,039
98$3,179,255$0$0$1,737,470
99$3,387,349$0$0$1,852,869
100$3,613,008$0$0$1,978,091