Can I retire at age 70 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$60,200$59,664$59,141$58,630$58,131$57,310
2 years$29,802$29,247$28,709$28,188$27,682$26,856
3 years$19,671$19,113$18,577$18,060$17,562$16,758
4 years$14,606$14,050$13,519$13,011$12,526$11,748
5 years$11,568$11,016$10,491$9,994$9,522$8,774
6 years$9,543$8,995$8,479$7,992$7,534$6,817
7 years$8,098$7,554$7,046$6,571$6,127$5,441
8 years$7,014$6,475$5,975$5,512$5,083$4,427
9 years$6,171$5,638$5,147$4,695$4,281$3,655
10 years$5,498$4,969$4,487$4,047$3,647$3,051
11 years$4,947$4,424$3,950$3,522$3,137$2,570
12 years$4,488$3,971$3,506$3,090$2,718$2,180
13 years$4,101$3,588$3,132$2,728$2,371$1,860
14 years$3,769$3,262$2,814$2,421$2,078$1,595
15 years$3,481$2,980$2,541$2,159$1,830$1,373
16 years$3,230$2,734$2,304$1,933$1,617$1,185
17 years$3,008$2,518$2,096$1,737$1,434$1,027
18 years$2,811$2,326$1,914$1,566$1,275$891
19 years$2,636$2,156$1,752$1,415$1,136$775
20 years$2,478$2,004$1,608$1,281$1,015$676
21 years$2,335$1,866$1,479$1,163$908$590
22 years$2,205$1,742$1,363$1,057$814$515
23 years$2,087$1,629$1,258$963$731$451
24 years$1,979$1,527$1,164$878$657$395
25 years$1,879$1,433$1,078$802$591$346
26 years$1,788$1,346$1,000$733$532$304
27 years$1,703$1,267$928$671$480$266
28 years$1,625$1,194$863$615$433$234
29 years$1,552$1,126$803$564$391$206
30 years$1,484$1,064$748$518$353$181
31 years$1,421$1,006$697$475$320$159
32 years$1,361$952$651$437$289$140
33 years$1,306$901$608$402$262$123
34 years$1,253$854$568$370$237$108
35 years$1,204$810$531$340$214$95
36 years$1,158$769$496$313$194$84
37 years$1,114$730$465$289$176$74
38 years$1,073$694$435$266$160$65
39 years$1,034$660$408$245$145$57
40 years$997$628$382$226$131$51
41 years$962$598$358$209$119$45
42 years$928$569$336$193$108$39
43 years$896$542$315$178$98$35
44 years$866$517$296$164$89$30
45 years$837$493$278$152$81$27
46 years$810$470$261$140$73$24
47 years$784$449$245$129$67$21
48 years$759$428$231$120$61$18
49 years$735$409$217$111$55$16
50 years$712$391$204$102$50$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $729,000, adding $3,049 every year, while hoping to spend $33,405 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: 56/18/26 Blend
69$729,000$729,000$729,000$729,000
70$806,503$767,866$756,567$845,760
71$853,224$769,949$746,369$875,133
72$903,590$771,014$734,710$903,367
73$957,939$770,977$721,506$933,438
74$1,016,641$769,746$706,668$965,533
75$1,080,101$767,227$690,104$999,861
76$1,148,767$763,316$671,718$1,036,652
77$1,223,129$757,907$651,408$1,076,161
78$1,303,728$750,883$629,070$1,118,672
79$1,391,156$742,125$604,592$1,164,499
80$1,486,068$731,503$577,860$1,213,989
81$1,589,180$718,880$548,751$1,267,527
82$1,701,283$704,112$517,141$1,325,539
83$1,823,246$687,045$482,897$1,388,498
84$1,956,024$667,518$445,882$1,456,926
85$2,100,671$645,358$405,951$1,531,402
86$2,258,343$620,384$362,954$1,612,564
87$2,430,315$592,404$316,734$1,701,121
88$2,617,989$561,214$267,126$1,797,857
89$2,822,909$526,598$213,960$1,903,636
90$3,046,774$488,330$157,056$2,019,417
91$3,291,455$446,168$96,228$2,146,259
92$3,559,012$399,859$31,280$2,285,333
93$3,851,712$349,133$0$2,437,933
94$4,172,053$293,707$0$2,616,039
95$4,522,783$233,279$0$2,820,628
96$4,906,931$167,534$0$3,044,822
97$5,327,831$96,137$0$3,290,615
98$5,789,156$18,733$0$3,560,206
99$6,294,949$0$0$3,856,019
100$6,849,665$0$0$4,193,613