Can I retire at age 70 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$60,118$59,582$59,060$58,550$58,052$57,184
2 years$29,761$29,207$28,670$28,149$27,644$26,772
3 years$19,644$19,087$18,551$18,035$17,538$16,689
4 years$14,586$14,031$13,501$12,993$12,508$11,688
5 years$11,552$11,000$10,477$9,980$9,509$8,720
6 years$9,530$8,983$8,467$7,981$7,524$6,768
7 years$8,087$7,544$7,036$6,562$6,119$5,395
8 years$7,004$6,466$5,967$5,505$5,076$4,385
9 years$6,163$5,630$5,139$4,689$4,275$3,616
10 years$5,490$4,963$4,481$4,042$3,642$3,015
11 years$4,940$4,418$3,945$3,517$3,133$2,537
12 years$4,482$3,965$3,501$3,085$2,715$2,149
13 years$4,095$3,583$3,128$2,724$2,367$1,831
14 years$3,763$3,257$2,810$2,418$2,075$1,568
15 years$3,476$2,976$2,537$2,156$1,827$1,348
16 years$3,225$2,730$2,300$1,931$1,615$1,162
17 years$3,004$2,514$2,093$1,735$1,432$1,005
18 years$2,808$2,323$1,911$1,563$1,273$871
19 years$2,632$2,153$1,749$1,413$1,135$757
20 years$2,474$2,001$1,606$1,279$1,014$658
21 years$2,332$1,864$1,477$1,161$907$574
22 years$2,202$1,740$1,361$1,056$813$501
23 years$2,084$1,627$1,257$962$730$437
24 years$1,976$1,525$1,162$877$656$382
25 years$1,877$1,431$1,076$801$590$335
26 years$1,785$1,345$998$732$532$293
27 years$1,701$1,265$927$670$479$257
28 years$1,623$1,192$862$614$433$225
29 years$1,550$1,125$802$563$391$198
30 years$1,482$1,062$747$517$353$173
31 years$1,419$1,004$696$475$319$152
32 years$1,359$950$650$436$289$134
33 years$1,304$900$607$401$261$117
34 years$1,252$853$567$369$236$103
35 years$1,202$809$530$340$214$91
36 years$1,156$768$496$313$194$80
37 years$1,113$729$464$288$176$70
38 years$1,071$693$435$266$159$62
39 years$1,032$659$407$245$145$54
40 years$995$627$382$226$131$48
41 years$960$597$358$209$119$42
42 years$927$568$336$192$108$37
43 years$895$542$315$178$98$32
44 years$865$516$296$164$89$29
45 years$836$492$278$151$81$25
46 years$809$470$261$140$73$22
47 years$783$448$245$129$67$19
48 years$758$428$230$119$60$17
49 years$734$409$216$110$55$15
50 years$711$390$203$102$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $728,000, adding $5,976 every year, while hoping to spend $43,597 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: 58/29/13 Blend
69$728,000$728,000$728,000$728,000
70$808,420$769,836$758,552$852,338
71$844,492$761,171$737,577$874,024
72$882,782$750,621$714,438$892,293
73$923,471$738,046$689,016$911,175
74$966,755$723,300$661,188$930,737
75$1,012,850$706,228$630,824$951,051
76$1,061,993$686,666$597,789$972,200
77$1,114,443$664,438$561,941$994,278
78$1,170,482$639,361$523,132$1,017,390
79$1,230,421$611,241$481,207$1,041,655
80$1,294,602$579,869$436,005$1,067,205
81$1,363,397$545,029$387,358$1,094,192
82$1,437,217$506,489$335,088$1,122,783
83$1,516,512$464,005$279,011$1,153,166
84$1,601,774$417,320$218,937$1,185,554
85$1,693,547$366,160$154,663$1,220,182
86$1,792,425$310,238$85,980$1,257,316
87$1,899,061$249,248$12,669$1,297,252
88$2,014,174$182,871$0$1,340,319
89$2,138,554$110,765$0$1,395,983
90$2,273,066$32,572$0$1,458,026
91$2,418,665$0$0$1,525,184
92$2,576,397$0$0$1,614,626
93$2,747,416$0$0$1,722,923
94$2,932,988$0$0$1,840,490
95$3,134,507$0$0$1,968,216
96$3,353,504$0$0$2,107,081
97$3,591,666$0$0$2,258,160
98$3,850,848$0$0$2,422,638
99$4,133,091$0$0$2,601,818
100$4,440,641$0$0$2,797,135