Can I retire at age 70 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$60,530$59,991$59,465$58,952$58,450$57,744
2 years$29,966$29,407$28,867$28,342$27,834$27,123
3 years$19,779$19,218$18,679$18,159$17,659$16,965
4 years$14,686$14,127$13,593$13,083$12,594$11,924
5 years$11,631$11,076$10,549$10,049$9,574$8,928
6 years$9,596$9,044$8,525$8,036$7,576$6,956
7 years$8,142$7,595$7,084$6,607$6,161$5,567
8 years$7,052$6,511$6,008$5,542$5,111$4,543
9 years$6,205$5,669$5,175$4,721$4,304$3,762
10 years$5,528$4,997$4,512$4,069$3,667$3,150
11 years$4,974$4,448$3,972$3,542$3,154$2,662
12 years$4,513$3,993$3,525$3,106$2,733$2,265
13 years$4,123$3,608$3,149$2,743$2,384$1,939
14 years$3,789$3,280$2,830$2,435$2,089$1,668
15 years$3,500$2,996$2,555$2,171$1,840$1,440
16 years$3,247$2,749$2,316$1,944$1,626$1,248
17 years$3,025$2,532$2,108$1,747$1,442$1,085
18 years$2,827$2,339$1,924$1,574$1,282$945
19 years$2,650$2,168$1,761$1,422$1,143$825
20 years$2,491$2,015$1,617$1,288$1,021$722
21 years$2,348$1,877$1,487$1,169$913$632
22 years$2,217$1,752$1,370$1,063$819$555
23 years$2,098$1,638$1,265$968$735$487
24 years$1,990$1,535$1,170$883$660$428
25 years$1,890$1,441$1,084$806$594$377
26 years$1,798$1,354$1,005$737$535$332
27 years$1,713$1,274$933$675$483$292
28 years$1,634$1,201$868$618$436$258
29 years$1,560$1,133$808$567$393$228
30 years$1,492$1,070$752$520$355$201
31 years$1,428$1,011$701$478$321$177
32 years$1,369$957$654$439$291$157
33 years$1,313$906$611$404$263$138
34 years$1,260$859$571$372$238$122
35 years$1,211$815$534$342$216$108
36 years$1,164$773$499$315$195$96
37 years$1,120$734$467$290$177$85
38 years$1,079$698$438$268$161$75
39 years$1,039$664$410$247$146$66
40 years$1,002$631$384$228$132$59
41 years$967$601$360$210$120$52
42 years$933$572$338$194$109$46
43 years$901$545$317$179$99$41
44 years$871$520$298$165$90$36
45 years$842$496$280$153$81$32
46 years$814$473$263$141$74$28
47 years$788$451$247$130$67$25
48 years$763$431$232$120$61$22
49 years$739$411$218$111$55$20
50 years$716$393$205$103$50$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $733,000, adding $5,396 every year, while hoping to spend $54,056 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: 64/13/23 Blend
69$733,000$733,000$733,000$733,000
70$813,332$774,483$763,121$860,199
71$838,777$754,917$731,171$872,888
72$865,005$732,582$696,338$880,204
73$892,040$707,282$658,470$886,968
74$919,905$678,816$617,405$893,130
75$948,623$646,966$572,977$898,638
76$978,220$611,505$525,009$903,437
77$1,008,720$572,190$473,318$907,467
78$1,040,149$528,767$417,713$910,667
79$1,072,532$480,965$357,995$912,971
80$1,105,897$428,498$293,954$914,309
81$1,140,270$371,066$225,373$914,608
82$1,175,678$308,349$152,024$913,788
83$1,212,150$240,011$73,669$911,769
84$1,249,713$165,695$0$908,461
85$1,288,396$85,027$0$906,216
86$1,328,228$0$0$921,944
87$1,369,238$0$0$937,855
88$1,411,456$0$0$966,753
89$1,454,910$0$0$996,495
90$1,499,630$0$0$1,027,102
91$1,545,646$0$0$1,058,594
92$1,592,986$0$0$1,090,989
93$1,641,680$0$0$1,124,308
94$1,691,757$0$0$1,158,570
95$1,743,244$0$0$1,193,793
96$1,796,169$0$0$1,229,996
97$1,850,559$0$0$1,267,196
98$1,906,438$0$0$1,305,411
99$1,963,832$0$0$1,344,656
100$2,022,762$0$0$1,384,946