Can I retire at age 70 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$59,374$58,845$58,329$57,826$57,334$56,973
2 years$29,393$28,846$28,315$27,801$27,302$26,937
3 years$19,401$18,851$18,322$17,812$17,321$16,965
4 years$14,406$13,858$13,334$12,833$12,354$12,008
5 years$11,409$10,864$10,347$9,857$9,391$9,058
6 years$9,412$8,872$8,362$7,883$7,431$7,110
7 years$7,987$7,450$6,949$6,481$6,043$5,735
8 years$6,918$6,386$5,893$5,436$5,014$4,717
9 years$6,087$5,560$5,076$4,631$4,222$3,938
10 years$5,422$4,901$4,425$3,992$3,597$3,326
11 years$4,879$4,363$3,896$3,474$3,094$2,834
12 years$4,427$3,916$3,458$3,047$2,681$2,434
13 years$4,044$3,539$3,089$2,690$2,338$2,102
14 years$3,717$3,217$2,776$2,388$2,049$1,825
15 years$3,433$2,939$2,506$2,130$1,805$1,591
16 years$3,185$2,696$2,272$1,907$1,595$1,392
17 years$2,967$2,483$2,067$1,713$1,414$1,222
18 years$2,773$2,295$1,887$1,544$1,257$1,075
19 years$2,600$2,127$1,728$1,395$1,121$948
20 years$2,444$1,976$1,586$1,264$1,001$838
21 years$2,303$1,841$1,459$1,147$896$742
22 years$2,175$1,718$1,344$1,043$803$657
23 years$2,058$1,607$1,241$950$721$584
24 years$1,952$1,506$1,148$866$648$519
25 years$1,854$1,413$1,063$791$583$461
26 years$1,763$1,328$986$723$525$411
27 years$1,680$1,250$916$662$473$366
28 years$1,602$1,178$851$607$427$326
29 years$1,531$1,111$792$556$386$291
30 years$1,464$1,049$738$510$349$260
31 years$1,401$992$688$469$315$232
32 years$1,342$939$642$431$285$208
33 years$1,288$889$599$396$258$186
34 years$1,236$842$560$365$234$166
35 years$1,188$799$523$336$212$148
36 years$1,142$758$490$309$192$133
37 years$1,099$720$458$285$174$119
38 years$1,058$684$429$262$157$106
39 years$1,020$651$402$242$143$95
40 years$983$619$377$223$130$85
41 years$948$589$353$206$118$76
42 years$915$561$332$190$107$68
43 years$884$535$311$175$97$61
44 years$854$510$292$162$88$55
45 years$826$486$274$150$80$49
46 years$799$464$258$138$72$44
47 years$773$443$242$128$66$40
48 years$748$423$227$118$60$35
49 years$725$404$214$109$54$32
50 years$702$385$201$101$49$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $719,000, adding $6,955 every year, while hoping to spend $27,213 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: 25/47/28 Blend
69$719,000$719,000$719,000$719,000
70$799,512$761,405$750,261$812,356
71$852,108$769,760$746,440$831,952
72$909,156$777,611$741,579$850,186
73$971,083$784,907$735,615$869,172
74$1,038,356$791,590$728,480$888,992
75$1,111,489$797,599$720,106$909,738
76$1,191,050$802,870$710,418$931,512
77$1,277,661$807,334$699,341$954,430
78$1,372,007$810,919$686,794$978,623
79$1,474,844$813,546$672,693$1,004,235
80$1,587,001$815,132$656,951$1,031,429
81$1,709,393$815,591$639,476$1,060,387
82$1,843,024$814,829$620,172$1,091,312
83$1,989,003$812,746$598,939$1,124,432
84$2,148,549$809,238$575,671$1,160,001
85$2,323,004$804,193$550,258$1,198,301
86$2,513,844$797,493$522,586$1,239,648
87$2,722,699$789,012$492,535$1,284,394
88$2,951,358$778,618$459,979$1,332,930
89$3,201,795$766,169$424,787$1,385,694
90$3,476,183$751,516$386,822$1,443,170
91$3,776,914$734,501$345,941$1,505,897
92$4,106,624$714,956$301,995$1,574,477
93$4,468,215$692,704$254,827$1,649,577
94$4,864,884$667,558$204,275$1,731,937
95$5,300,152$639,318$150,168$1,822,380
96$5,777,897$607,774$92,328$1,921,820
97$6,302,392$572,704$30,570$2,031,271
98$6,878,343$533,873$0$2,151,858
99$7,510,933$491,032$0$2,295,384
100$8,205,874$443,919$0$2,463,109