Can I retire at age 70 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$62,430$61,874$61,331$60,802$60,285$59,804
2 years$30,906$30,330$29,772$29,232$28,707$28,223
3 years$20,399$19,821$19,265$18,729$18,213$17,740
4 years$15,147$14,571$14,020$13,493$12,990$12,531
5 years$11,996$11,424$10,880$10,364$9,874$9,433
6 years$9,897$9,328$8,793$8,288$7,813$7,388
7 years$8,398$7,834$7,307$6,814$6,354$5,946
8 years$7,274$6,715$6,197$5,716$5,272$4,880
9 years$6,400$5,847$5,337$4,869$4,439$4,065
10 years$5,701$5,154$4,653$4,197$3,783$3,424
11 years$5,130$4,588$4,096$3,653$3,253$2,911
12 years$4,655$4,118$3,636$3,204$2,819$2,493
13 years$4,253$3,721$3,248$2,829$2,458$2,148
14 years$3,908$3,383$2,918$2,511$2,155$1,860
15 years$3,610$3,090$2,635$2,239$1,897$1,617
16 years$3,349$2,835$2,389$2,005$1,677$1,411
17 years$3,120$2,611$2,174$1,802$1,487$1,235
18 years$2,916$2,413$1,984$1,624$1,322$1,084
19 years$2,733$2,236$1,817$1,467$1,178$953
20 years$2,569$2,078$1,667$1,329$1,053$840
21 years$2,421$1,935$1,534$1,206$942$741
22 years$2,287$1,807$1,413$1,096$844$655
23 years$2,164$1,690$1,305$998$758$580
24 years$2,052$1,583$1,207$911$681$514
25 years$1,949$1,486$1,118$832$613$455
26 years$1,854$1,396$1,037$760$552$404
27 years$1,766$1,314$963$696$498$359
28 years$1,685$1,238$895$638$449$319
29 years$1,609$1,168$833$585$406$284
30 years$1,539$1,103$776$537$366$253
31 years$1,473$1,043$723$493$331$225
32 years$1,412$987$675$453$300$200
33 years$1,354$935$630$417$271$179
34 years$1,300$886$589$383$246$159
35 years$1,249$840$550$353$222$142
36 years$1,201$797$515$325$202$126
37 years$1,155$757$482$299$183$113
38 years$1,113$720$451$276$166$101
39 years$1,072$684$423$254$150$90
40 years$1,034$651$396$235$136$80
41 years$997$620$372$217$124$72
42 years$962$590$349$200$112$64
43 years$930$562$327$184$102$57
44 years$898$536$307$170$92$51
45 years$868$511$288$157$84$45
46 years$840$488$271$145$76$41
47 years$813$465$254$134$69$36
48 years$787$444$239$124$63$32
49 years$762$424$225$115$57$29
50 years$738$405$211$106$52$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $756,000, adding $6,913 every year, while hoping to spend $37,841 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: 75/7/18 Blend
69$756,000$756,000$756,000$756,000
70$840,243$800,175$788,457$899,281
71$885,685$799,121$774,608$938,259
72$934,494$796,747$759,026$975,636
73$986,973$792,948$741,614$1,015,605
74$1,043,456$787,615$722,270$1,058,413
75$1,104,308$780,627$700,886$1,104,336
76$1,169,932$771,862$677,349$1,153,675
77$1,240,768$761,186$651,543$1,206,764
78$1,317,301$748,459$623,345$1,263,970
79$1,400,065$733,533$592,627$1,325,699
80$1,489,646$716,250$559,254$1,392,400
81$1,586,687$696,444$523,086$1,464,566
82$1,691,897$673,937$483,977$1,542,742
83$1,806,054$648,544$441,774$1,627,531
84$1,930,016$620,067$396,318$1,719,596
85$2,064,723$588,296$347,440$1,819,669
86$2,211,213$553,010$294,967$1,928,559
87$2,370,625$513,976$238,717$2,047,156
88$2,544,214$470,946$178,500$2,176,445
89$2,733,361$423,659$114,116$2,317,509
90$2,939,583$371,839$45,359$2,471,547
91$3,164,555$315,193$0$2,639,878
92$3,410,115$253,413$0$2,829,340
93$3,678,290$186,173$0$3,045,806
94$3,971,309$113,129$0$3,282,371
95$4,291,628$33,918$0$3,541,040
96$4,641,950$0$0$3,824,016
97$5,025,250$0$0$4,137,724
98$5,444,807$0$0$4,483,994
99$5,904,229$0$0$4,863,198
100$6,407,489$0$0$5,278,618