Can I retire at age 70 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$62,017$61,464$60,926$60,399$59,886$59,483
2 years$30,701$30,130$29,575$29,038$28,517$28,111
3 years$20,264$19,690$19,137$18,605$18,092$17,696
4 years$15,047$14,474$13,927$13,404$12,904$12,519
5 years$11,917$11,348$10,808$10,295$9,809$9,438
6 years$9,831$9,266$8,734$8,233$7,762$7,404
7 years$8,342$7,782$7,258$6,769$6,312$5,969
8 years$7,226$6,671$6,156$5,678$5,237$4,907
9 years$6,358$5,808$5,302$4,837$4,410$4,095
10 years$5,664$5,119$4,622$4,169$3,758$3,456
11 years$5,096$4,558$4,069$3,629$3,232$2,943
12 years$4,624$4,091$3,611$3,183$2,800$2,525
13 years$4,224$3,697$3,227$2,810$2,442$2,180
14 years$3,882$3,360$2,899$2,494$2,141$1,891
15 years$3,586$3,070$2,618$2,224$1,885$1,648
16 years$3,327$2,816$2,373$1,992$1,666$1,441
17 years$3,099$2,594$2,159$1,790$1,477$1,264
18 years$2,896$2,397$1,971$1,613$1,313$1,111
19 years$2,715$2,221$1,805$1,457$1,171$979
20 years$2,552$2,064$1,656$1,320$1,046$865
21 years$2,405$1,923$1,523$1,198$936$765
22 years$2,272$1,795$1,404$1,089$839$678
23 years$2,150$1,679$1,296$992$753$601
24 years$2,039$1,573$1,199$905$677$534
25 years$1,936$1,476$1,110$826$609$474
26 years$1,842$1,387$1,030$755$548$422
27 years$1,755$1,305$956$691$495$376
28 years$1,674$1,230$889$634$446$335
29 years$1,599$1,160$827$581$403$299
30 years$1,529$1,096$771$533$364$266
31 years$1,463$1,036$718$490$329$238
32 years$1,402$980$670$450$298$212
33 years$1,345$928$626$414$269$190
34 years$1,291$880$585$381$244$169
35 years$1,240$835$547$351$221$151
36 years$1,193$792$511$323$200$135
37 years$1,148$752$479$297$181$121
38 years$1,105$715$448$274$165$108
39 years$1,065$680$420$253$149$97
40 years$1,027$647$394$233$135$87
41 years$991$616$369$215$123$78
42 years$956$586$346$199$111$69
43 years$923$559$325$183$101$62
44 years$892$533$305$169$92$56
45 years$863$508$286$156$83$50
46 years$834$484$269$144$76$45
47 years$807$462$253$133$69$40
48 years$782$441$237$123$62$36
49 years$757$421$223$114$57$32
50 years$733$403$210$105$51$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $751,000, adding $5,090 every year, while hoping to spend $59,654 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: 74/19/7 Blend
69$751,000$751,000$751,000$751,000
70$832,852$793,049$781,409$893,311
71$854,332$768,437$744,115$909,211
72$876,003$740,620$703,572$918,581
73$897,822$709,377$659,608$927,146
74$919,740$674,476$612,045$934,807
75$941,699$635,671$560,694$941,456
76$963,634$592,701$505,359$946,974
77$985,472$545,291$445,836$951,230
78$1,007,129$493,149$381,910$954,083
79$1,028,510$435,968$313,359$955,380
80$1,049,511$373,423$239,949$954,952
81$1,070,010$305,170$161,436$952,616
82$1,089,874$230,846$77,567$948,172
83$1,108,952$150,068$0$941,400
84$1,127,076$62,432$0$932,956
85$1,144,055$0$0$927,927
86$1,159,680$0$0$927,047
87$1,173,715$0$0$937,904
88$1,185,898$0$0$947,233
89$1,195,936$0$0$954,794
90$1,203,503$0$0$960,320
91$1,208,239$0$0$963,517
92$1,209,739$0$0$964,055
93$1,207,558$0$0$961,569
94$1,201,199$0$0$955,653
95$1,190,111$0$0$945,858
96$1,173,684$0$0$931,685
97$1,151,239$0$0$912,581
98$1,122,028$0$0$887,933
99$1,085,217$0$0$857,063
100$1,039,887$0$0$819,218