Can I retire at age 70 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$61,439$60,892$60,358$59,836$59,328$57,940
2 years$30,415$29,849$29,300$28,768$28,251$26,862
3 years$20,075$19,507$18,959$18,432$17,924$16,575
4 years$14,907$14,339$13,797$13,279$12,783$11,486
5 years$11,806$11,242$10,707$10,200$9,718$8,475
6 years$9,740$9,180$8,653$8,157$7,689$6,503
7 years$8,264$7,709$7,191$6,706$6,253$5,124
8 years$7,158$6,608$6,098$5,626$5,188$4,114
9 years$6,298$5,754$5,252$4,792$4,369$3,350
10 years$5,611$5,072$4,579$4,130$3,723$2,758
11 years$5,049$4,515$4,031$3,595$3,202$2,289
12 years$4,581$4,052$3,578$3,153$2,774$1,913
13 years$4,185$3,662$3,197$2,784$2,419$1,608
14 years$3,846$3,329$2,872$2,471$2,121$1,357
15 years$3,553$3,041$2,593$2,204$1,867$1,150
16 years$3,296$2,790$2,351$1,973$1,650$977
17 years$3,070$2,570$2,139$1,773$1,463$832
18 years$2,869$2,374$1,953$1,598$1,301$710
19 years$2,690$2,201$1,788$1,444$1,160$608
20 years$2,529$2,045$1,641$1,308$1,036$520
21 years$2,383$1,905$1,509$1,187$927$446
22 years$2,251$1,778$1,391$1,079$831$383
23 years$2,130$1,663$1,284$983$746$329
24 years$2,020$1,558$1,188$896$670$283
25 years$1,918$1,462$1,100$818$603$244
26 years$1,825$1,374$1,020$748$543$210
27 years$1,738$1,293$947$685$490$181
28 years$1,658$1,219$881$628$442$156
29 years$1,584$1,150$820$576$399$134
30 years$1,514$1,086$763$528$361$116
31 years$1,450$1,026$712$485$326$100
32 years$1,389$971$664$446$295$86
33 years$1,332$920$620$410$267$75
34 years$1,279$872$579$377$242$64
35 years$1,229$827$542$347$219$56
36 years$1,182$785$507$320$198$48
37 years$1,137$745$474$295$180$41
38 years$1,095$708$444$272$163$36
39 years$1,055$674$416$250$148$31
40 years$1,017$641$390$231$134$27
41 years$981$610$366$213$122$23
42 years$947$581$343$197$110$20
43 years$915$553$322$182$100$17
44 years$884$528$302$168$91$15
45 years$855$503$284$155$83$13
46 years$827$480$266$143$75$11
47 years$800$458$250$132$68$10
48 years$774$437$235$122$62$8
49 years$750$418$221$113$56$7
50 years$726$399$208$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $744,000, adding $2,593 every year, while hoping to spend $53,680 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: 61/13/26 Blend
69$744,000$744,000$744,000$744,000
70$822,563$783,131$771,599$866,868
71$849,349$764,389$740,332$878,539
72$877,068$742,930$706,219$885,218
73$905,759$718,563$669,107$891,353
74$935,462$691,089$628,838$896,901
75$966,221$660,293$585,245$901,817
76$998,080$625,952$538,156$906,054
77$1,031,087$587,827$487,387$909,563
78$1,065,295$545,667$432,751$912,295
79$1,100,756$499,206$374,049$914,196
80$1,137,528$448,162$311,075$915,211
81$1,175,673$392,239$243,613$915,282
82$1,215,255$331,122$171,438$914,351
83$1,256,344$264,480$94,314$912,355
84$1,299,014$191,962$11,996$909,232
85$1,343,343$113,199$0$904,914
86$1,389,417$27,798$0$920,377
87$1,437,326$0$0$939,426
88$1,487,166$0$0$967,984
89$1,539,041$0$0$1,001,857
90$1,593,064$0$0$1,037,141
91$1,649,354$0$0$1,073,918
92$1,708,040$0$0$1,112,271
93$1,769,261$0$0$1,152,294
94$1,833,167$0$0$1,194,086
95$1,899,920$0$0$1,237,756
96$1,969,695$0$0$1,283,418
97$2,042,680$0$0$1,331,200
98$2,119,081$0$0$1,381,237
99$2,199,117$0$0$1,433,676
100$2,283,030$0$0$1,488,679