Can I retire at age 70 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$59,209$58,682$58,167$57,665$57,175$55,883
2 years$29,311$28,766$28,237$27,724$27,226$25,932
3 years$19,347$18,799$18,271$17,763$17,273$16,017
4 years$14,366$13,819$13,297$12,797$12,319$11,110
5 years$11,378$10,834$10,319$9,829$9,365$8,207
6 years$9,386$8,847$8,339$7,861$7,410$6,304
7 years$7,964$7,430$6,930$6,463$6,027$4,972
8 years$6,898$6,369$5,877$5,421$5,000$3,997
9 years$6,070$5,545$5,062$4,618$4,210$3,259
10 years$5,407$4,888$4,413$3,981$3,587$2,686
11 years$4,866$4,351$3,885$3,464$3,085$2,233
12 years$4,415$3,905$3,448$3,039$2,674$1,868
13 years$4,033$3,529$3,081$2,683$2,331$1,572
14 years$3,707$3,208$2,768$2,381$2,044$1,329
15 years$3,424$2,931$2,499$2,124$1,800$1,127
16 years$3,177$2,689$2,266$1,902$1,590$959
17 years$2,959$2,476$2,062$1,709$1,410$818
18 years$2,765$2,288$1,882$1,540$1,254$700
19 years$2,592$2,121$1,723$1,391$1,118$599
20 years$2,437$1,971$1,581$1,260$998$514
21 years$2,296$1,836$1,454$1,144$893$442
22 years$2,169$1,713$1,340$1,040$801$380
23 years$2,053$1,603$1,238$947$719$327
24 years$1,946$1,501$1,145$864$646$282
25 years$1,849$1,409$1,060$789$581$243
26 years$1,758$1,324$983$721$524$209
27 years$1,675$1,246$913$660$472$181
28 years$1,598$1,174$849$605$426$156
29 years$1,526$1,108$790$555$385$135
30 years$1,460$1,046$736$509$348$116
31 years$1,397$989$686$468$314$101
32 years$1,339$936$640$430$284$87
33 years$1,284$886$598$395$257$75
34 years$1,233$840$558$364$233$65
35 years$1,184$797$522$335$211$56
36 years$1,139$756$488$308$191$49
37 years$1,096$718$457$284$173$42
38 years$1,055$683$428$262$157$36
39 years$1,017$649$401$241$142$32
40 years$980$618$376$223$129$27
41 years$946$588$352$205$117$24
42 years$913$560$331$190$106$20
43 years$882$533$310$175$97$18
44 years$852$508$291$162$88$15
45 years$824$485$273$149$80$13
46 years$797$463$257$138$72$11
47 years$771$441$241$127$66$10
48 years$746$421$227$118$60$9
49 years$723$402$213$109$54$7
50 years$700$384$200$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $717,000, adding $2,475 every year, while hoping to spend $29,862 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: 60/16/24 Blend
69$717,000$717,000$717,000$717,000
70$792,687$754,686$743,572$835,030
71$841,768$759,893$736,709$869,300
72$894,855$764,354$728,615$903,219
73$952,324$768,001$719,218$939,578
74$1,014,590$770,762$708,440$978,621
75$1,082,108$772,560$696,204$1,020,615
76$1,155,381$773,312$682,424$1,065,859
77$1,234,958$772,934$667,014$1,114,680
78$1,321,447$771,330$649,882$1,167,441
79$1,415,515$768,405$630,933$1,224,543
80$1,517,894$764,054$610,066$1,286,429
81$1,629,393$758,167$587,177$1,353,588
82$1,750,900$750,626$562,157$1,426,563
83$1,883,394$741,308$534,890$1,505,948
84$2,027,949$730,081$505,258$1,592,406
85$2,185,751$716,807$473,136$1,686,665
86$2,358,104$701,337$438,392$1,789,529
87$2,546,444$683,515$400,891$1,901,889
88$2,752,350$663,176$360,490$2,024,726
89$2,977,562$640,145$317,039$2,159,124
90$3,223,998$614,236$270,384$2,306,281
91$3,493,765$585,253$220,362$2,467,519
92$3,789,188$552,989$166,803$2,644,296
93$4,112,824$517,225$109,530$2,838,223
94$4,467,491$477,728$48,358$3,051,080
95$4,856,292$434,253$0$3,284,827
96$5,282,644$386,541$0$3,545,966
97$5,750,310$334,318$0$3,846,051
98$6,263,436$277,294$0$4,175,376
99$6,826,589$215,164$0$4,536,909
100$7,444,799$147,605$0$4,933,922