Can I retire at age 70 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$60,035$59,500$58,978$58,469$57,972$57,510
2 years$29,720$29,167$28,630$28,110$27,606$27,140
3 years$19,617$19,061$18,526$18,010$17,514$17,059
4 years$14,566$14,012$13,482$12,976$12,491$12,051
5 years$11,536$10,985$10,463$9,966$9,496$9,071
6 years$9,517$8,970$8,455$7,970$7,514$7,105
7 years$8,075$7,533$7,026$6,553$6,111$5,718
8 years$6,995$6,457$5,959$5,497$5,069$4,693
9 years$6,155$5,622$5,132$4,682$4,269$3,909
10 years$5,483$4,956$4,475$4,036$3,637$3,293
11 years$4,934$4,412$3,939$3,513$3,128$2,800
12 years$4,476$3,960$3,496$3,081$2,711$2,398
13 years$4,089$3,579$3,124$2,720$2,364$2,066
14 years$3,758$3,253$2,806$2,415$2,072$1,789
15 years$3,472$2,972$2,534$2,153$1,825$1,555
16 years$3,221$2,726$2,297$1,928$1,613$1,357
17 years$3,000$2,511$2,090$1,732$1,430$1,188
18 years$2,804$2,320$1,908$1,561$1,271$1,042
19 years$2,628$2,150$1,747$1,411$1,133$916
20 years$2,471$1,998$1,603$1,278$1,012$807
21 years$2,328$1,861$1,475$1,160$906$713
22 years$2,199$1,737$1,359$1,054$812$630
23 years$2,081$1,625$1,255$960$729$557
24 years$1,973$1,522$1,161$876$655$494
25 years$1,874$1,429$1,075$800$589$438
26 years$1,783$1,343$997$731$531$389
27 years$1,699$1,264$926$669$479$345
28 years$1,620$1,191$861$613$432$307
29 years$1,548$1,123$801$562$390$273
30 years$1,480$1,061$746$516$352$243
31 years$1,417$1,003$695$474$319$216
32 years$1,357$949$649$436$288$193
33 years$1,302$899$606$401$261$172
34 years$1,250$852$566$369$236$153
35 years$1,201$808$529$339$214$136
36 years$1,155$767$495$312$194$122
37 years$1,111$728$463$288$176$108
38 years$1,070$692$434$265$159$97
39 years$1,031$658$407$245$144$86
40 years$994$626$381$226$131$77
41 years$959$596$357$208$119$69
42 years$926$568$335$192$108$61
43 years$894$541$315$177$98$55
44 years$864$516$295$164$89$49
45 years$835$492$277$151$81$44
46 years$808$469$260$140$73$39
47 years$782$448$245$129$66$35
48 years$757$427$230$119$60$31
49 years$733$408$216$110$55$28
50 years$710$390$203$102$50$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $727,000, adding $2,589 every year, while hoping to spend $43,712 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: 68/21/11 Blend
69$727,000$727,000$727,000$727,000
70$803,825$765,294$754,025$856,439
71$839,305$756,284$732,776$882,725
72$876,940$745,367$709,349$905,981
73$916,903$732,405$683,627$930,274
74$959,383$717,248$655,484$955,698
75$1,004,587$699,741$624,791$982,361
76$1,052,745$679,718$591,411$1,010,380
77$1,104,103$657,003$555,202$1,039,889
78$1,158,936$631,410$516,015$1,071,032
79$1,217,541$602,743$473,695$1,103,974
80$1,280,246$570,793$428,079$1,138,895
81$1,347,410$535,341$378,999$1,175,997
82$1,419,427$496,154$326,277$1,215,504
83$1,496,730$452,987$269,728$1,257,665
84$1,579,791$405,578$209,160$1,302,756
85$1,669,133$353,654$144,369$1,351,084
86$1,765,325$296,924$75,146$1,402,988
87$1,868,997$235,082$1,272$1,458,848
88$1,980,836$167,802$0$1,519,082
89$2,101,601$94,744$0$1,593,260
90$2,232,124$15,546$0$1,673,544
91$2,373,319$0$0$1,760,387
92$2,526,192$0$0$1,870,668
93$2,691,847$0$0$1,994,100
94$2,871,501$0$0$2,127,999
95$3,066,491$0$0$2,273,367
96$3,278,285$0$0$2,431,304
97$3,508,500$0$0$2,603,021
98$3,758,917$0$0$2,789,851
99$4,031,491$0$0$2,993,259
100$4,328,377$0$0$3,214,858