Can I retire at age 70 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$59,705$59,173$58,654$58,148$57,653$55,585
2 years$29,557$29,006$28,473$27,956$27,454$25,393
3 years$19,509$18,956$18,424$17,911$17,418$15,429
4 years$14,486$13,935$13,408$12,904$12,423$10,520
5 years$11,473$10,925$10,405$9,912$9,443$7,633
6 years$9,465$8,921$8,409$7,926$7,472$5,755
7 years$8,031$7,492$6,988$6,517$6,077$4,453
8 years$6,956$6,422$5,926$5,467$5,041$3,508
9 years$6,121$5,591$5,104$4,656$4,246$2,802
10 years$5,453$4,929$4,450$4,014$3,617$2,261
11 years$4,906$4,388$3,918$3,493$3,111$1,838
12 years$4,452$3,938$3,477$3,064$2,696$1,504
13 years$4,067$3,559$3,106$2,705$2,351$1,237
14 years$3,738$3,235$2,791$2,401$2,061$1,021
15 years$3,452$2,955$2,520$2,142$1,815$846
16 years$3,203$2,711$2,285$1,918$1,604$702
17 years$2,983$2,497$2,079$1,723$1,422$585
18 years$2,788$2,307$1,898$1,553$1,264$487
19 years$2,614$2,138$1,737$1,403$1,127$407
20 years$2,457$1,987$1,594$1,271$1,007$340
21 years$2,316$1,851$1,467$1,153$901$285
22 years$2,187$1,728$1,352$1,049$807$238
23 years$2,070$1,616$1,248$955$725$200
24 years$1,963$1,514$1,154$871$651$167
25 years$1,864$1,421$1,069$795$586$140
26 years$1,773$1,335$992$727$528$118
27 years$1,689$1,257$921$666$476$99
28 years$1,611$1,184$856$610$430$83
29 years$1,539$1,117$796$559$388$70
30 years$1,472$1,055$742$513$350$59
31 years$1,409$997$692$471$317$49
32 years$1,350$944$645$433$287$41
33 years$1,295$894$603$398$259$35
34 years$1,243$847$563$367$235$29
35 years$1,194$803$526$337$213$25
36 years$1,148$763$492$311$193$21
37 years$1,105$724$461$286$175$17
38 years$1,064$688$432$264$158$15
39 years$1,025$655$404$243$144$12
40 years$988$623$379$224$130$10
41 years$954$593$355$207$118$9
42 years$920$565$333$191$107$7
43 years$889$538$313$176$97$6
44 years$859$513$294$163$88$5
45 years$830$489$276$150$80$4
46 years$803$466$259$139$73$4
47 years$777$445$243$128$66$3
48 years$752$425$229$119$60$3
49 years$729$406$215$110$55$2
50 years$706$388$202$101$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $723,000, adding $2,857 every year, while hoping to spend $38,522 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: 41/43/16 Blend
69$723,000$723,000$723,000$723,000
70$799,693$761,374$750,167$828,597
71$840,275$757,694$734,311$845,649
72$883,704$752,543$716,632$860,113
73$930,232$745,808$697,029$874,946
74$980,132$737,369$675,396$890,202
75$1,033,705$727,099$651,621$905,940
76$1,091,281$714,865$625,588$922,230
77$1,153,221$700,523$597,176$939,152
78$1,219,925$683,923$566,256$956,796
79$1,291,828$664,906$532,696$975,265
80$1,369,411$643,303$496,358$994,677
81$1,453,200$618,934$457,095$1,015,167
82$1,543,775$591,611$414,756$1,036,885
83$1,641,773$561,132$369,183$1,060,002
84$1,747,893$527,287$320,211$1,084,713
85$1,862,905$489,852$267,665$1,111,235
86$1,987,656$448,588$211,366$1,139,813
87$2,123,075$403,248$151,125$1,170,725
88$2,270,186$353,564$86,745$1,204,281
89$2,430,115$299,259$18,021$1,240,830
90$2,604,101$240,037$0$1,280,763
91$2,793,506$175,585$0$1,333,962
92$2,999,829$105,575$0$1,395,370
93$3,224,721$29,657$0$1,462,496
94$3,469,998$0$0$1,535,995
95$3,737,658$0$0$1,641,452
96$4,029,902$0$0$1,772,003
97$4,349,150$0$0$1,914,710
98$4,698,071$0$0$2,070,774
99$5,079,599$0$0$2,241,521
100$5,496,966$0$0$2,428,409