Can I retire at age 70 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$59,952$59,418$58,897$58,389$57,892$56,677
2 years$29,679$29,127$28,591$28,072$27,568$26,349
3 years$19,590$19,035$18,500$17,986$17,490$16,306
4 years$14,546$13,992$13,463$12,958$12,474$11,334
5 years$11,520$10,970$10,448$9,953$9,483$8,389
6 years$9,504$8,958$8,444$7,959$7,503$6,458
7 years$8,064$7,523$7,017$6,544$6,102$5,106
8 years$6,985$6,449$5,951$5,489$5,062$4,114
9 years$6,146$5,615$5,125$4,676$4,263$3,362
10 years$5,475$4,949$4,468$4,031$3,632$2,778
11 years$4,927$4,406$3,934$3,508$3,124$2,315
12 years$4,470$3,954$3,491$3,077$2,707$1,942
13 years$4,084$3,574$3,119$2,716$2,361$1,639
14 years$3,753$3,248$2,803$2,411$2,069$1,389
15 years$3,467$2,967$2,530$2,150$1,822$1,181
16 years$3,216$2,723$2,294$1,925$1,610$1,008
17 years$2,996$2,507$2,088$1,730$1,428$863
18 years$2,800$2,317$1,906$1,559$1,270$740
19 years$2,625$2,147$1,745$1,409$1,132$635
20 years$2,467$1,995$1,601$1,276$1,011$547
21 years$2,325$1,859$1,473$1,158$905$471
22 years$2,196$1,735$1,357$1,053$811$406
23 years$2,078$1,623$1,253$959$728$351
24 years$1,971$1,520$1,159$875$654$303
25 years$1,872$1,427$1,074$799$589$262
26 years$1,781$1,341$996$730$530$227
27 years$1,696$1,262$925$668$478$196
28 years$1,618$1,189$859$612$431$170
29 years$1,545$1,122$800$562$390$147
30 years$1,478$1,059$745$515$352$128
31 years$1,415$1,002$695$473$318$111
32 years$1,356$948$648$435$288$96
33 years$1,300$897$605$400$260$83
34 years$1,248$851$565$368$236$72
35 years$1,199$807$529$339$214$63
36 years$1,153$766$494$312$194$55
37 years$1,110$727$463$288$175$47
38 years$1,068$691$433$265$159$41
39 years$1,029$657$406$244$144$36
40 years$993$625$381$225$131$31
41 years$958$595$357$208$119$27
42 years$924$567$335$192$108$23
43 years$893$540$314$177$98$20
44 years$863$515$295$164$89$18
45 years$834$491$277$151$81$15
46 years$807$468$260$140$73$13
47 years$780$447$244$129$66$12
48 years$756$427$230$119$60$10
49 years$732$407$216$110$55$9
50 years$709$389$203$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $726,000, adding $6,466 every year, while hoping to spend $28,310 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: 63/20/17 Blend
69$726,000$726,000$726,000$726,000
70$806,722$768,244$756,991$853,720
71$858,886$775,766$752,228$893,611
72$915,422$782,708$746,357$933,362
73$976,745$789,012$739,311$976,099
74$1,043,315$794,614$731,019$1,022,115
75$1,115,633$799,450$721,409$1,071,731
76$1,194,253$803,449$710,401$1,125,305
77$1,279,785$806,536$697,918$1,183,229
78$1,372,898$808,631$683,873$1,245,937
79$1,474,329$809,650$668,179$1,313,907
80$1,584,891$809,503$650,743$1,387,668
81$1,705,475$808,094$631,468$1,467,803
82$1,837,065$805,323$610,254$1,554,955
83$1,980,743$801,081$586,995$1,649,835
84$2,137,700$795,254$561,580$1,753,226
85$2,309,246$787,722$533,893$1,865,992
86$2,496,825$778,357$503,815$1,989,088
87$2,702,026$767,021$471,217$2,123,566
88$2,926,599$753,572$435,970$2,270,588
89$3,172,471$737,856$397,934$2,431,435
90$3,441,764$719,711$356,965$2,607,522
91$3,736,814$698,968$312,914$2,800,408
92$4,060,195$675,443$265,622$3,011,815
93$4,414,741$648,946$214,927$3,243,641
94$4,803,574$619,273$160,656$3,497,982
95$5,230,131$586,210$102,630$3,777,146
96$5,698,199$549,530$40,664$4,083,684
97$6,211,951$508,992$0$4,420,406
98$6,775,979$464,342$0$4,795,034
99$7,395,347$415,313$0$5,214,539
100$8,075,629$361,620$0$5,675,350