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%16.1%
1 years$61,769$61,219$60,682$60,158$59,647$58,157
2 years$30,579$30,009$29,457$28,922$28,403$26,912
3 years$20,183$19,611$19,061$18,531$18,020$16,574
4 years$14,987$14,416$13,871$13,350$12,852$11,462
5 years$11,869$11,303$10,765$10,254$9,770$8,440
6 years$9,792$9,229$8,700$8,200$7,731$6,462
7 years$8,309$7,751$7,229$6,742$6,287$5,080
8 years$7,197$6,644$6,131$5,656$5,216$4,069
9 years$6,332$5,785$5,281$4,817$4,392$3,306
10 years$5,641$5,099$4,604$4,153$3,743$2,714
11 years$5,076$4,539$4,053$3,614$3,219$2,248
12 years$4,605$4,074$3,597$3,170$2,789$1,874
13 years$4,208$3,682$3,214$2,799$2,432$1,570
14 years$3,867$3,347$2,888$2,484$2,132$1,322
15 years$3,572$3,057$2,607$2,216$1,877$1,117
16 years$3,314$2,805$2,364$1,984$1,659$946
17 years$3,087$2,583$2,151$1,782$1,471$804
18 years$2,885$2,387$1,963$1,606$1,308$684
19 years$2,704$2,212$1,797$1,451$1,166$583
20 years$2,542$2,056$1,650$1,315$1,041$498
21 years$2,396$1,915$1,517$1,193$932$426
22 years$2,263$1,788$1,398$1,085$835$365
23 years$2,141$1,672$1,291$988$750$312
24 years$2,030$1,566$1,194$901$674$268
25 years$1,928$1,470$1,106$823$606$230
26 years$1,834$1,382$1,026$752$546$197
27 years$1,748$1,300$953$689$493$169
28 years$1,667$1,225$886$631$444$145
29 years$1,592$1,156$824$579$401$125
30 years$1,523$1,092$768$531$363$108
31 years$1,458$1,032$716$488$328$92
32 years$1,397$976$668$448$297$80
33 years$1,340$925$623$412$268$68
34 years$1,286$876$582$379$243$59
35 years$1,236$831$545$349$220$51
36 years$1,188$789$509$322$199$44
37 years$1,143$749$477$296$181$38
38 years$1,101$712$447$273$164$32
39 years$1,061$677$418$252$149$28
40 years$1,023$644$392$232$135$24
41 years$987$613$368$214$122$21
42 years$952$584$345$198$111$18
43 years$920$556$324$183$101$15
44 years$889$530$304$169$91$13
45 years$859$506$285$156$83$11
46 years$831$483$268$144$75$10
47 years$804$460$252$133$68$8
48 years$778$440$237$123$62$7
49 years$754$420$222$113$56$6
50 years$730$401$209$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $748,000, adding $3,437 every year, while hoping to spend $59,760 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: 71/11/18 Blend
69$748,000$748,000$748,000$748,000
70$827,841$788,197$776,603$882,844
71$848,697$763,235$739,035$894,921
72$869,677$735,046$698,206$900,656
73$890,731$703,410$653,943$905,417
74$911,801$668,093$606,066$909,100
75$932,823$628,848$554,387$911,589
76$953,721$585,411$498,709$912,761
77$974,412$537,508$438,827$912,478
78$994,800$484,844$374,526$910,595
79$1,014,780$427,112$305,583$906,949
80$1,034,231$363,984$231,764$901,366
81$1,053,018$295,115$152,823$893,655
82$1,070,991$220,140$68,507$883,609
83$1,087,979$138,674$0$871,002
84$1,103,794$50,310$0$859,711
85$1,118,225$0$0$859,654
86$1,131,035$0$0$862,915
87$1,141,963$0$0$870,771
88$1,150,716$0$0$876,904
89$1,156,968$0$0$881,058
90$1,160,358$0$0$882,948
91$1,160,483$0$0$882,260
92$1,156,896$0$0$878,644
93$1,149,102$0$0$871,709
94$1,136,550$0$0$861,027
95$1,118,631$0$0$846,117
96$1,094,667$0$0$826,450
97$1,063,911$0$0$801,439
98$1,025,531$0$0$770,434
99$978,609$0$0$732,714
100$922,128$0$0$687,484