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%14.1%
1 years$59,292$58,764$58,248$57,745$57,254$56,283
2 years$29,352$28,806$28,276$27,762$27,264$26,288
3 years$19,374$18,825$18,296$17,788$17,297$16,348
4 years$14,386$13,838$13,315$12,815$12,337$11,420
5 years$11,393$10,849$10,333$9,843$9,378$8,498
6 years$9,399$8,859$8,351$7,872$7,421$6,577
7 years$7,975$7,440$6,939$6,472$6,035$5,229
8 years$6,908$6,377$5,885$5,429$5,007$4,238
9 years$6,078$5,553$5,069$4,624$4,216$3,484
10 years$5,415$4,894$4,419$3,986$3,592$2,896
11 years$4,872$4,357$3,891$3,469$3,090$2,429
12 years$4,421$3,911$3,453$3,043$2,677$2,051
13 years$4,039$3,534$3,085$2,686$2,335$1,742
14 years$3,712$3,213$2,772$2,385$2,047$1,486
15 years$3,429$2,935$2,503$2,127$1,802$1,273
16 years$3,181$2,693$2,269$1,904$1,593$1,094
17 years$2,963$2,480$2,065$1,711$1,412$943
18 years$2,769$2,291$1,885$1,542$1,256$814
19 years$2,596$2,124$1,725$1,393$1,119$705
20 years$2,440$1,973$1,583$1,262$1,000$611
21 years$2,300$1,838$1,456$1,145$895$531
22 years$2,172$1,716$1,342$1,041$802$461
23 years$2,056$1,605$1,239$948$720$401
24 years$1,949$1,504$1,146$865$647$350
25 years$1,851$1,411$1,062$790$582$305
26 years$1,761$1,326$985$722$524$266
27 years$1,678$1,248$914$661$473$232
28 years$1,600$1,176$850$606$427$203
29 years$1,528$1,109$791$555$385$177
30 years$1,462$1,048$737$510$348$155
31 years$1,399$990$687$468$315$135
32 years$1,341$937$641$430$285$118
33 years$1,286$888$598$396$258$103
34 years$1,234$841$559$364$233$91
35 years$1,186$798$523$335$211$79
36 years$1,140$757$489$309$191$69
37 years$1,097$719$458$284$173$61
38 years$1,057$684$429$262$157$53
39 years$1,018$650$402$242$143$47
40 years$982$618$376$223$129$41
41 years$947$589$353$206$117$36
42 years$914$561$331$190$106$31
43 years$883$534$311$175$97$27
44 years$853$509$292$162$88$24
45 years$825$486$274$149$80$21
46 years$798$463$257$138$72$18
47 years$772$442$242$128$66$16
48 years$747$422$227$118$60$14
49 years$724$403$213$109$54$12
50 years$701$385$201$101$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $718,000, adding $2,570 every year, while hoping to spend $52,626 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: 25/48/27 Blend
69$718,000$718,000$718,000$718,000
70$793,887$755,833$744,704$806,945
71$818,870$736,875$713,658$799,024
72$844,637$715,225$679,808$785,878
73$871,213$690,694$643,005$770,684
74$898,623$663,084$603,092$753,305
75$926,894$632,186$559,906$733,597
76$956,051$597,777$513,277$711,409
77$986,122$559,623$463,026$686,579
78$1,017,137$517,474$408,967$658,939
79$1,049,123$471,068$350,906$628,311
80$1,082,111$420,129$288,639$594,506
81$1,116,133$364,361$221,955$557,326
82$1,151,219$303,456$150,631$516,563
83$1,187,404$237,085$74,437$471,995
84$1,224,720$164,903$0$423,392
85$1,263,203$86,545$0$372,488
86$1,302,888$1,624$0$340,060
87$1,343,812$0$0$304,446
88$1,386,014$0$0$313,116
89$1,429,532$0$0$322,940
90$1,474,406$0$0$333,069
91$1,520,678$0$0$343,514
92$1,568,390$0$0$354,282
93$1,617,586$0$0$365,385
94$1,668,310$0$0$376,831
95$1,720,608$0$0$388,631
96$1,774,528$0$0$400,796
97$1,830,118$0$0$413,337
98$1,887,428$0$0$426,263
99$1,946,508$0$0$439,588
100$2,007,411$0$0$453,321