Can I retire at age 70 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$62,099$61,546$61,007$60,480$59,966$59,538
2 years$30,742$30,170$29,615$29,077$28,555$28,124
3 years$20,291$19,716$19,163$18,630$18,116$17,695
4 years$15,067$14,494$13,946$13,422$12,921$12,512
5 years$11,933$11,363$10,822$10,309$9,822$9,428
6 years$9,844$9,279$8,746$8,244$7,772$7,392
7 years$8,353$7,792$7,268$6,778$6,321$5,956
8 years$7,235$6,679$6,164$5,686$5,244$4,894
9 years$6,366$5,816$5,309$4,843$4,416$4,081
10 years$5,671$5,126$4,628$4,175$3,763$3,442
11 years$5,103$4,564$4,075$3,633$3,236$2,930
12 years$4,630$4,096$3,616$3,187$2,804$2,512
13 years$4,230$3,702$3,231$2,814$2,445$2,167
14 years$3,888$3,365$2,903$2,498$2,144$1,879
15 years$3,591$3,074$2,621$2,227$1,887$1,636
16 years$3,332$2,820$2,376$1,994$1,668$1,430
17 years$3,103$2,597$2,162$1,792$1,479$1,253
18 years$2,900$2,400$1,974$1,615$1,315$1,101
19 years$2,719$2,224$1,807$1,459$1,172$970
20 years$2,556$2,067$1,658$1,322$1,047$856
21 years$2,409$1,925$1,525$1,199$937$756
22 years$2,275$1,797$1,406$1,091$840$669
23 years$2,153$1,681$1,298$993$754$593
24 years$2,041$1,575$1,201$906$678$526
25 years$1,939$1,478$1,112$827$610$468
26 years$1,844$1,389$1,031$756$549$416
27 years$1,757$1,307$958$692$495$370
28 years$1,676$1,232$890$634$447$329
29 years$1,601$1,162$828$582$403$293
30 years$1,531$1,097$772$534$365$261
31 years$1,465$1,037$719$490$330$233
32 years$1,404$982$671$451$298$208
33 years$1,347$930$627$414$270$186
34 years$1,293$881$586$381$244$166
35 years$1,242$836$547$351$221$148
36 years$1,194$793$512$323$200$132
37 years$1,149$753$479$298$182$118
38 years$1,107$716$449$275$165$106
39 years$1,066$681$421$253$149$94
40 years$1,028$648$394$233$135$84
41 years$992$617$370$215$123$75
42 years$957$587$347$199$112$67
43 years$925$559$325$184$101$60
44 years$893$533$305$169$92$54
45 years$864$509$287$156$83$48
46 years$835$485$269$145$76$43
47 years$808$463$253$134$69$39
48 years$783$442$238$123$62$35
49 years$758$422$224$114$57$31
50 years$734$403$210$105$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $752,000, adding $2,916 every year, while hoping to spend $36,321 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: 63/14/23 Blend
69$752,000$752,000$752,000$752,000
70$831,712$791,856$780,200$878,937
71$877,901$792,012$767,691$911,337
72$927,585$790,958$753,546$942,409
73$981,080$788,596$737,672$975,527
74$1,038,737$784,824$719,970$1,010,896
75$1,100,938$779,531$700,340$1,048,742
76$1,168,106$772,600$678,674$1,089,315
77$1,240,704$763,908$654,860$1,132,891
78$1,319,240$753,324$628,782$1,179,779
79$1,404,275$740,709$600,319$1,230,315
80$1,496,423$725,916$569,341$1,284,877
81$1,596,361$708,789$535,717$1,343,879
82$1,704,832$689,162$499,306$1,407,779
83$1,822,656$666,861$459,963$1,477,087
84$1,950,731$641,702$417,537$1,552,364
85$2,090,048$613,488$371,866$1,634,230
86$2,241,696$582,012$322,787$1,723,373
87$2,406,873$547,055$270,125$1,820,550
88$2,586,900$508,386$213,700$1,926,601
89$2,783,227$465,760$153,322$2,042,453
90$2,997,451$418,918$88,793$2,169,131
91$3,231,332$367,586$19,909$2,307,765
92$3,486,806$311,475$0$2,459,607
93$3,766,002$250,280$0$2,639,193
94$4,071,269$183,678$0$2,840,964
95$4,405,188$111,328$0$3,061,771
96$4,770,605$32,871$0$3,303,536
97$5,170,651$0$0$3,568,376
98$5,608,775$0$0$3,866,651
99$6,088,775$0$0$4,199,036
100$6,614,835$0$0$4,563,371