Can I retire at age 70 with 736,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$60,778$60,237$59,709$59,193$58,690$57,155
2 years$30,088$29,528$28,985$28,458$27,947$26,412
3 years$19,860$19,297$18,755$18,233$17,731$16,242
4 years$14,746$14,185$13,649$13,136$12,646$11,216
5 years$11,679$11,121$10,592$10,090$9,613$8,245
6 years$9,635$9,081$8,560$8,069$7,607$6,303
7 years$8,175$7,627$7,113$6,634$6,186$4,946
8 years$7,081$6,537$6,033$5,565$5,132$3,955
9 years$6,231$5,692$5,196$4,740$4,322$3,207
10 years$5,551$5,017$4,530$4,086$3,683$2,629
11 years$4,995$4,467$3,988$3,556$3,167$2,172
12 years$4,532$4,009$3,539$3,119$2,745$1,807
13 years$4,140$3,623$3,162$2,754$2,393$1,512
14 years$3,805$3,293$2,841$2,444$2,098$1,270
15 years$3,515$3,008$2,565$2,180$1,847$1,070
16 years$3,261$2,760$2,326$1,952$1,633$905
17 years$3,037$2,542$2,116$1,754$1,448$767
18 years$2,838$2,349$1,932$1,581$1,287$652
19 years$2,661$2,177$1,769$1,428$1,147$554
20 years$2,501$2,023$1,623$1,293$1,025$472
21 years$2,357$1,884$1,493$1,174$917$403
22 years$2,226$1,759$1,376$1,067$822$344
23 years$2,107$1,645$1,271$972$738$294
24 years$1,998$1,541$1,175$887$663$251
25 years$1,898$1,446$1,088$810$597$215
26 years$1,805$1,359$1,009$740$538$184
27 years$1,720$1,279$937$678$485$158
28 years$1,640$1,206$871$621$437$135
29 years$1,567$1,137$811$569$395$116
30 years$1,498$1,074$755$523$357$100
31 years$1,434$1,015$704$480$323$85
32 years$1,374$961$657$441$292$73
33 years$1,318$910$613$406$264$63
34 years$1,265$862$573$373$239$54
35 years$1,216$818$536$344$217$46
36 years$1,169$776$501$316$196$40
37 years$1,125$737$469$291$178$34
38 years$1,083$701$439$269$161$29
39 years$1,044$666$412$248$146$25
40 years$1,006$634$386$228$133$22
41 years$971$603$362$211$120$19
42 years$937$575$339$195$109$16
43 years$905$548$318$180$99$14
44 years$874$522$299$166$90$12
45 years$845$498$281$153$82$10
46 years$818$475$264$141$74$9
47 years$791$453$248$131$67$7
48 years$766$433$233$121$61$6
49 years$742$413$219$112$56$6
50 years$719$395$206$103$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $736,000, adding $2,850 every year, while hoping to spend $57,955 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: 71/15/14 Blend
69$736,000$736,000$736,000$736,000
70$814,012$775,004$763,596$869,082
71$835,377$751,315$727,513$882,307
72$856,980$724,524$688,278$889,481
73$878,782$694,416$645,726$895,814
74$900,741$660,766$599,681$901,213
75$922,809$623,335$549,962$905,576
76$944,928$581,871$496,379$908,791
77$967,035$536,108$438,732$910,738
78$989,058$485,762$376,815$911,286
79$1,010,914$430,536$310,410$910,292
80$1,032,509$370,114$239,291$907,601
81$1,053,739$304,164$163,221$903,045
82$1,074,486$232,334$81,955$896,441
83$1,094,618$154,252$0$887,589
84$1,113,984$69,526$0$876,985
85$1,132,419$0$0$876,791
86$1,149,735$0$0$878,212
87$1,165,725$0$0$890,049
88$1,180,155$0$0$900,646
89$1,192,767$0$0$909,797
90$1,203,270$0$0$917,277
91$1,211,343$0$0$922,831
92$1,216,628$0$0$926,180
93$1,218,726$0$0$927,011
94$1,217,195$0$0$924,977
95$1,211,544$0$0$919,693
96$1,201,228$0$0$910,732
97$1,185,642$0$0$897,619
98$1,164,115$0$0$879,830
99$1,135,906$0$0$856,782
100$1,100,190$0$0$827,830