Can I retire at age 70 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$61,687$61,137$60,601$60,078$59,567$57,869
2 years$30,538$29,969$29,418$28,884$28,365$26,668
3 years$20,156$19,585$19,035$18,506$17,996$16,352
4 years$14,967$14,397$13,853$13,333$12,835$11,257
5 years$11,854$11,288$10,750$10,241$9,757$8,250
6 years$9,779$9,217$8,688$8,190$7,720$6,285
7 years$8,298$7,741$7,220$6,733$6,279$4,916
8 years$7,187$6,635$6,123$5,648$5,209$3,917
9 years$6,324$5,777$5,274$4,811$4,387$3,165
10 years$5,634$5,092$4,598$4,147$3,738$2,584
11 years$5,069$4,533$4,048$3,609$3,214$2,128
12 years$4,599$4,069$3,592$3,166$2,786$1,763
13 years$4,202$3,677$3,209$2,795$2,429$1,469
14 years$3,862$3,342$2,884$2,481$2,129$1,229
15 years$3,567$3,053$2,604$2,213$1,875$1,031
16 years$3,309$2,801$2,361$1,981$1,657$868
17 years$3,082$2,580$2,148$1,780$1,469$733
18 years$2,881$2,384$1,961$1,604$1,306$620
19 years$2,701$2,209$1,795$1,450$1,164$525
20 years$2,539$2,053$1,647$1,313$1,040$445
21 years$2,392$1,912$1,515$1,191$931$378
22 years$2,260$1,785$1,397$1,083$834$321
23 years$2,139$1,670$1,289$987$749$273
24 years$2,028$1,564$1,193$900$673$233
25 years$1,926$1,468$1,105$822$606$198
26 years$1,832$1,380$1,024$751$546$169
27 years$1,745$1,298$951$688$492$144
28 years$1,665$1,224$884$630$444$123
29 years$1,590$1,154$823$578$401$105
30 years$1,521$1,090$767$530$362$89
31 years$1,456$1,030$715$487$327$76
32 years$1,395$975$667$448$296$65
33 years$1,338$923$623$412$268$56
34 years$1,284$875$582$379$243$47
35 years$1,234$830$544$349$220$41
36 years$1,186$788$509$321$199$35
37 years$1,142$748$476$296$180$30
38 years$1,099$711$446$273$164$25
39 years$1,059$676$418$251$148$22
40 years$1,021$643$392$232$135$18
41 years$985$612$367$214$122$16
42 years$951$583$344$197$111$13
43 years$919$556$323$182$101$12
44 years$888$530$303$168$91$10
45 years$858$505$285$155$83$8
46 years$830$482$268$144$75$7
47 years$803$460$251$133$68$6
48 years$777$439$236$123$62$5
49 years$753$419$222$113$56$4
50 years$729$400$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $747,000, adding $2,443 every year, while hoping to spend $35,259 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: 62/23/15 Blend
69$747,000$747,000$747,000$747,000
70$825,714$786,123$774,544$873,702
71$872,421$787,128$762,976$907,248
72$922,711$787,000$749,839$939,634
73$976,912$785,647$735,043$974,143
74$1,035,384$782,970$718,493$1,010,982
75$1,098,523$778,865$700,092$1,050,381
76$1,166,764$773,222$679,737$1,092,595
77$1,240,586$765,922$657,321$1,137,907
78$1,320,514$756,840$632,729$1,186,627
79$1,407,126$745,846$605,846$1,239,101
80$1,501,059$732,798$576,548$1,295,709
81$1,603,011$717,548$544,705$1,356,875
82$1,713,750$699,940$510,185$1,423,065
83$1,834,122$679,807$472,846$1,494,795
84$1,965,058$656,973$432,542$1,572,634
85$2,107,580$631,252$389,119$1,657,215
86$2,262,816$602,446$342,417$1,749,233
87$2,432,004$570,346$292,269$1,849,460
88$2,616,508$534,733$238,499$1,958,747
89$2,817,830$495,372$180,927$2,078,035
90$3,037,621$452,018$119,360$2,208,365
91$3,277,700$404,409$53,601$2,350,886
92$3,540,071$352,270$0$2,506,866
93$3,826,936$295,309$0$2,680,362
94$4,140,724$233,220$0$2,879,598
95$4,484,106$165,676$0$3,097,732
96$4,860,026$92,335$0$3,336,692
97$5,271,724$12,835$0$3,598,606
98$5,722,768$0$0$3,885,818
99$6,217,088$0$0$4,219,444
100$6,759,013$0$0$4,588,817