Can I retire at age 70 with 747,000?

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 $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%15%
1 years$61,687$61,137$60,601$60,078$59,567$58,340
2 years$30,538$29,969$29,418$28,884$28,365$27,135
3 years$20,156$19,585$19,035$18,506$17,996$16,801
4 years$14,967$14,397$13,853$13,333$12,835$11,684
5 years$11,854$11,288$10,750$10,241$9,757$8,653
6 years$9,779$9,217$8,688$8,190$7,720$6,665
7 years$8,298$7,741$7,220$6,733$6,279$5,272
8 years$7,187$6,635$6,123$5,648$5,209$4,250
9 years$6,324$5,777$5,274$4,811$4,387$3,476
10 years$5,634$5,092$4,598$4,147$3,738$2,873
11 years$5,069$4,533$4,048$3,609$3,214$2,396
12 years$4,599$4,069$3,592$3,166$2,786$2,012
13 years$4,202$3,677$3,209$2,795$2,429$1,698
14 years$3,862$3,342$2,884$2,481$2,129$1,440
15 years$3,567$3,053$2,604$2,213$1,875$1,226
16 years$3,309$2,801$2,361$1,981$1,657$1,047
17 years$3,082$2,580$2,148$1,780$1,469$897
18 years$2,881$2,384$1,961$1,604$1,306$769
19 years$2,701$2,209$1,795$1,450$1,164$661
20 years$2,539$2,053$1,647$1,313$1,040$569
21 years$2,392$1,912$1,515$1,191$931$491
22 years$2,260$1,785$1,397$1,083$834$424
23 years$2,139$1,670$1,289$987$749$366
24 years$2,028$1,564$1,193$900$673$317
25 years$1,926$1,468$1,105$822$606$274
26 years$1,832$1,380$1,024$751$546$237
27 years$1,745$1,298$951$688$492$206
28 years$1,665$1,224$884$630$444$178
29 years$1,590$1,154$823$578$401$155
30 years$1,521$1,090$767$530$362$134
31 years$1,456$1,030$715$487$327$116
32 years$1,395$975$667$448$296$101
33 years$1,338$923$623$412$268$88
34 years$1,284$875$582$379$243$76
35 years$1,234$830$544$349$220$66
36 years$1,186$788$509$321$199$58
37 years$1,142$748$476$296$180$50
38 years$1,099$711$446$273$164$43
39 years$1,059$676$418$251$148$38
40 years$1,021$643$392$232$135$33
41 years$985$612$367$214$122$29
42 years$951$583$344$197$111$25
43 years$919$556$323$182$101$22
44 years$888$530$303$168$91$19
45 years$858$505$285$155$83$16
46 years$830$482$268$144$75$14
47 years$803$460$251$133$68$12
48 years$777$439$236$123$62$11
49 years$753$419$222$113$56$9
50 years$729$400$209$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $747,000, adding $2,786 every year, while hoping to spend $43,043 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: 69/8/23 Blend
69$747,000$747,000$747,000$747,000
70$826,068$786,477$774,898$878,088
71$864,529$779,217$755,060$906,000
72$905,471$770,158$733,114$931,273
73$949,101$759,168$708,946$957,903
74$995,646$746,104$682,432$986,022
75$1,045,356$730,817$653,447$1,015,777
76$1,098,503$713,147$621,858$1,047,331
77$1,155,386$692,928$587,527$1,080,865
78$1,216,334$669,979$550,307$1,116,577
79$1,281,706$644,114$510,048$1,154,692
80$1,351,897$615,133$466,592$1,195,453
81$1,427,340$582,824$419,772$1,239,135
82$1,508,511$546,965$369,418$1,286,038
83$1,595,933$507,320$315,347$1,336,498
84$1,690,179$463,639$257,371$1,390,886
85$1,791,878$415,659$195,295$1,449,611
86$1,901,724$363,101$128,911$1,513,128
87$2,020,478$305,670$58,007$1,581,940
88$2,148,974$243,056$0$1,656,604
89$2,288,133$174,929$0$1,742,069
90$2,438,965$100,943$0$1,850,157
91$2,602,582$20,731$0$1,967,432
92$2,780,205$0$0$2,094,789
93$2,973,178$0$0$2,239,034
94$3,182,981$0$0$2,397,879
95$3,411,239$0$0$2,570,737
96$3,659,743$0$0$2,758,967
97$3,930,462$0$0$2,964,065
98$4,225,563$0$0$3,187,680
99$4,547,431$0$0$3,431,624
100$4,898,693$0$0$3,697,892