Can I retire at age 70 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$62,182$61,628$61,088$60,560$60,045$59,592
2 years$30,783$30,210$29,654$29,116$28,593$28,136
3 years$20,318$19,742$19,188$18,655$18,141$17,694
4 years$15,087$14,513$13,964$13,440$12,938$12,505
5 years$11,949$11,378$10,837$10,323$9,835$9,418
6 years$9,857$9,291$8,758$8,255$7,782$7,380
7 years$8,364$7,803$7,278$6,787$6,329$5,943
8 years$7,245$6,688$6,172$5,694$5,251$4,880
9 years$6,375$5,823$5,316$4,850$4,422$4,067
10 years$5,679$5,133$4,635$4,180$3,768$3,429
11 years$5,110$4,570$4,080$3,638$3,240$2,917
12 years$4,636$4,101$3,621$3,191$2,808$2,499
13 years$4,236$3,707$3,235$2,817$2,449$2,155
14 years$3,893$3,369$2,907$2,501$2,146$1,867
15 years$3,596$3,078$2,624$2,230$1,890$1,624
16 years$3,336$2,824$2,379$1,997$1,670$1,418
17 years$3,107$2,601$2,165$1,794$1,481$1,242
18 years$2,904$2,403$1,977$1,617$1,317$1,091
19 years$2,722$2,227$1,809$1,461$1,174$960
20 years$2,559$2,070$1,661$1,323$1,048$846
21 years$2,412$1,928$1,527$1,201$938$748
22 years$2,278$1,799$1,408$1,092$841$661
23 years$2,156$1,683$1,300$995$755$586
24 years$2,044$1,577$1,202$907$678$519
25 years$1,941$1,480$1,113$828$611$461
26 years$1,847$1,391$1,033$757$550$409
27 years$1,759$1,309$959$693$496$364
28 years$1,678$1,233$891$635$447$324
29 years$1,603$1,164$830$583$404$288
30 years$1,533$1,099$773$535$365$257
31 years$1,467$1,039$720$491$330$229
32 years$1,406$983$672$451$299$204
33 years$1,349$931$628$415$270$182
34 years$1,295$882$586$382$245$162
35 years$1,244$837$548$351$222$145
36 years$1,196$794$513$324$201$129
37 years$1,151$754$480$298$182$115
38 years$1,108$717$449$275$165$103
39 years$1,068$682$421$253$150$92
40 years$1,029$649$395$234$136$82
41 years$993$617$370$216$123$73
42 years$959$588$347$199$112$66
43 years$926$560$326$184$101$59
44 years$895$534$306$170$92$52
45 years$865$509$287$157$84$47
46 years$837$486$270$145$76$42
47 years$809$464$253$134$69$37
48 years$784$443$238$124$63$33
49 years$759$423$224$114$57$30
50 years$735$404$210$106$52$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $753,000, adding $2,425 every year, while hoping to spend $57,145 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: 64/13/23 Blend
69$753,000$753,000$753,000$753,000
70$832,307$792,398$780,727$880,453
71$856,401$770,424$746,079$891,237
72$881,037$745,458$708,356$896,392
73$906,210$717,293$667,393$900,725
74$931,913$685,709$623,020$904,160
75$958,135$650,477$575,059$906,616
76$984,864$611,349$523,323$908,005
77$1,012,083$568,068$467,617$908,236
78$1,039,771$520,359$407,738$907,207
79$1,067,904$467,933$343,473$904,812
80$1,096,452$410,483$274,601$900,936
81$1,125,380$347,686$200,890$895,454
82$1,154,646$279,201$122,097$888,233
83$1,184,204$204,666$37,972$879,132
84$1,213,998$123,700$0$867,997
85$1,243,965$35,900$0$867,376
86$1,274,032$0$0$875,150
87$1,304,115$0$0$890,333
88$1,334,122$0$0$910,569
89$1,363,944$0$0$930,646
90$1,393,460$0$0$950,477
91$1,422,535$0$0$969,965
92$1,451,015$0$0$989,002
93$1,478,725$0$0$1,007,463
94$1,505,473$0$0$1,025,211
95$1,531,041$0$0$1,042,091
96$1,555,185$0$0$1,057,931
97$1,577,632$0$0$1,072,537
98$1,598,080$0$0$1,085,694
99$1,616,189$0$0$1,097,162
100$1,631,580$0$0$1,106,672