Can I retire at age 70 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$61,769$61,219$60,682$60,158$59,647$59,073
2 years$30,579$30,009$29,457$28,922$28,403$27,825
3 years$20,183$19,611$19,061$18,531$18,020$17,456
4 years$14,987$14,416$13,871$13,350$12,852$12,306
5 years$11,869$11,303$10,765$10,254$9,770$9,243
6 years$9,792$9,229$8,700$8,200$7,731$7,224
7 years$8,309$7,751$7,229$6,742$6,287$5,801
8 years$7,197$6,644$6,131$5,656$5,216$4,750
9 years$6,332$5,785$5,281$4,817$4,392$3,947
10 years$5,641$5,099$4,604$4,153$3,743$3,318
11 years$5,076$4,539$4,053$3,614$3,219$2,814
12 years$4,605$4,074$3,597$3,170$2,789$2,404
13 years$4,208$3,682$3,214$2,799$2,432$2,065
14 years$3,867$3,347$2,888$2,484$2,132$1,784
15 years$3,572$3,057$2,607$2,216$1,877$1,547
16 years$3,314$2,805$2,364$1,984$1,659$1,346
17 years$3,087$2,583$2,151$1,782$1,471$1,175
18 years$2,885$2,387$1,963$1,606$1,308$1,028
19 years$2,704$2,212$1,797$1,451$1,166$901
20 years$2,542$2,056$1,650$1,315$1,041$792
21 years$2,396$1,915$1,517$1,193$932$697
22 years$2,263$1,788$1,398$1,085$835$614
23 years$2,141$1,672$1,291$988$750$542
24 years$2,030$1,566$1,194$901$674$478
25 years$1,928$1,470$1,106$823$606$423
26 years$1,834$1,382$1,026$752$546$374
27 years$1,748$1,300$953$689$493$331
28 years$1,667$1,225$886$631$444$294
29 years$1,592$1,156$824$579$401$260
30 years$1,523$1,092$768$531$363$231
31 years$1,458$1,032$716$488$328$205
32 years$1,397$976$668$448$297$182
33 years$1,340$925$623$412$268$162
34 years$1,286$876$582$379$243$144
35 years$1,236$831$545$349$220$128
36 years$1,188$789$509$322$199$113
37 years$1,143$749$477$296$181$101
38 years$1,101$712$447$273$164$90
39 years$1,061$677$418$252$149$80
40 years$1,023$644$392$232$135$71
41 years$987$613$368$214$122$63
42 years$952$584$345$198$111$56
43 years$920$556$324$183$101$50
44 years$889$530$304$169$91$44
45 years$859$506$285$156$83$39
46 years$831$483$268$144$75$35
47 years$804$460$252$133$68$31
48 years$778$440$237$123$62$28
49 years$754$420$222$113$56$25
50 years$730$401$209$105$51$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $748,000, adding $5,199 every year, while hoping to spend $58,707 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: 66/7/27 Blend
69$748,000$748,000$748,000$748,000
70$829,659$790,015$778,421$878,225
71$851,820$766,262$742,034$887,858
72$874,274$739,377$702,461$891,329
73$896,989$709,146$659,532$893,813
74$919,928$675,339$613,072$895,217
75$943,046$637,717$562,896$895,440
76$966,296$596,024$508,812$894,374
77$989,619$549,990$450,618$891,902
78$1,012,951$499,330$388,104$887,896
79$1,036,218$443,743$321,052$882,222
80$1,059,337$382,911$249,231$874,730
81$1,082,212$316,497$172,404$865,260
82$1,104,738$244,146$90,320$853,640
83$1,126,794$165,481$2,718$839,681
84$1,148,245$80,108$0$823,182
85$1,168,939$0$0$830,070
86$1,188,707$0$0$837,448
87$1,207,358$0$0$850,159
88$1,224,679$0$0$861,876
89$1,240,433$0$0$872,426
90$1,254,356$0$0$881,614
91$1,266,152$0$0$889,227
92$1,275,493$0$0$895,022
93$1,282,012$0$0$898,735
94$1,285,304$0$0$900,067
95$1,284,915$0$0$898,690
96$1,280,346$0$0$894,237
97$1,271,038$0$0$886,302
98$1,256,373$0$0$874,435
99$1,235,667$0$0$858,135
100$1,208,160$0$0$836,850