Can I retire at age 70 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$59,292$58,764$58,248$57,745$57,254$55,938
2 years$29,352$28,806$28,276$27,762$27,264$25,945
3 years$19,374$18,825$18,296$17,788$17,297$16,017
4 years$14,386$13,838$13,315$12,815$12,337$11,105
5 years$11,393$10,849$10,333$9,843$9,378$8,199
6 years$9,399$8,859$8,351$7,872$7,421$6,294
7 years$7,975$7,440$6,939$6,472$6,035$4,962
8 years$6,908$6,377$5,885$5,429$5,007$3,986
9 years$6,078$5,553$5,069$4,624$4,216$3,248
10 years$5,415$4,894$4,419$3,986$3,592$2,675
11 years$4,872$4,357$3,891$3,469$3,090$2,222
12 years$4,421$3,911$3,453$3,043$2,677$1,859
13 years$4,039$3,534$3,085$2,686$2,335$1,563
14 years$3,712$3,213$2,772$2,385$2,047$1,320
15 years$3,429$2,935$2,503$2,127$1,802$1,119
16 years$3,181$2,693$2,269$1,904$1,593$952
17 years$2,963$2,480$2,065$1,711$1,412$811
18 years$2,769$2,291$1,885$1,542$1,256$693
19 years$2,596$2,124$1,725$1,393$1,119$593
20 years$2,440$1,973$1,583$1,262$1,000$508
21 years$2,300$1,838$1,456$1,145$895$436
22 years$2,172$1,716$1,342$1,041$802$375
23 years$2,056$1,605$1,239$948$720$323
24 years$1,949$1,504$1,146$865$647$278
25 years$1,851$1,411$1,062$790$582$239
26 years$1,761$1,326$985$722$524$206
27 years$1,678$1,248$914$661$473$178
28 years$1,600$1,176$850$606$427$153
29 years$1,528$1,109$791$555$385$132
30 years$1,462$1,048$737$510$348$114
31 years$1,399$990$687$468$315$99
32 years$1,341$937$641$430$285$85
33 years$1,286$888$598$396$258$74
34 years$1,234$841$559$364$233$64
35 years$1,186$798$523$335$211$55
36 years$1,140$757$489$309$191$48
37 years$1,097$719$458$284$173$41
38 years$1,057$684$429$262$157$35
39 years$1,018$650$402$242$143$31
40 years$982$618$376$223$129$27
41 years$947$589$353$206$117$23
42 years$914$561$331$190$106$20
43 years$883$534$311$175$97$17
44 years$853$509$292$162$88$15
45 years$825$486$274$149$80$13
46 years$798$463$257$138$72$11
47 years$772$442$242$128$66$10
48 years$747$422$227$118$60$8
49 years$724$403$213$109$54$7
50 years$701$385$201$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $718,000, adding $6,612 every year, while hoping to spend $47,381 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: 70/24/6 Blend
69$718,000$718,000$718,000$718,000
70$798,056$760,002$748,873$852,816
71$829,045$746,829$723,548$876,708
72$861,607$731,423$695,785$896,361
73$895,851$713,624$665,455$916,555
74$931,900$693,263$632,419$937,332
75$969,882$670,161$596,534$958,738
76$1,009,940$644,129$557,648$980,828
77$1,052,231$614,968$515,606$1,003,660
78$1,096,922$582,465$470,242$1,027,301
79$1,144,198$546,396$421,386$1,051,828
80$1,194,262$506,525$368,857$1,077,325
81$1,247,332$462,601$312,470$1,103,888
82$1,303,651$414,359$252,028$1,131,623
83$1,363,480$361,519$187,328$1,160,650
84$1,427,108$303,786$118,157$1,191,105
85$1,494,849$240,848$44,291$1,223,137
86$1,567,049$172,375$0$1,256,916
87$1,644,084$98,017$0$1,294,841
88$1,726,368$17,408$0$1,338,081
89$1,814,355$0$0$1,384,050
90$1,908,541$0$0$1,451,474
91$2,009,472$0$0$1,528,678
92$2,117,745$0$0$1,611,524
93$2,234,016$0$0$1,700,519
94$2,359,004$0$0$1,796,217
95$2,493,501$0$0$1,899,227
96$2,638,373$0$0$2,010,218
97$2,794,575$0$0$2,129,923
98$2,963,152$0$0$2,259,151
99$3,145,255$0$0$2,398,786
100$3,342,149$0$0$2,549,805