Can I retire at age 70 with 759,000?

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 $759,000?

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$62,678$62,119$61,575$61,043$60,524$60,092
2 years$31,028$30,451$29,891$29,348$28,821$28,385
3 years$20,480$19,900$19,341$18,803$18,285$17,860
4 years$15,207$14,628$14,075$13,547$13,041$12,629
5 years$12,044$11,469$10,923$10,405$9,914$9,516
6 years$9,936$9,365$8,827$8,321$7,844$7,461
7 years$8,431$7,865$7,336$6,841$6,380$6,011
8 years$7,303$6,742$6,221$5,739$5,292$4,939
9 years$6,425$5,870$5,358$4,888$4,457$4,119
10 years$5,724$5,174$4,672$4,214$3,798$3,474
11 years$5,151$4,606$4,113$3,667$3,266$2,957
12 years$4,673$4,134$3,650$3,217$2,830$2,536
13 years$4,269$3,736$3,261$2,840$2,468$2,188
14 years$3,924$3,396$2,930$2,521$2,163$1,897
15 years$3,624$3,102$2,645$2,248$1,905$1,651
16 years$3,363$2,846$2,398$2,013$1,684$1,443
17 years$3,132$2,621$2,182$1,809$1,493$1,265
18 years$2,927$2,422$1,992$1,630$1,327$1,111
19 years$2,744$2,245$1,824$1,473$1,183$979
20 years$2,580$2,086$1,674$1,334$1,057$863
21 years$2,431$1,943$1,540$1,211$946$763
22 years$2,296$1,814$1,419$1,101$848$676
23 years$2,173$1,696$1,310$1,002$761$599
24 years$2,060$1,589$1,212$914$684$531
25 years$1,957$1,492$1,122$835$615$472
26 years$1,861$1,402$1,041$763$554$420
27 years$1,773$1,319$967$699$500$373
28 years$1,692$1,243$899$640$451$332
29 years$1,616$1,173$836$587$407$296
30 years$1,545$1,108$779$539$368$264
31 years$1,479$1,047$726$495$333$235
32 years$1,417$991$677$455$301$210
33 years$1,359$938$633$418$272$187
34 years$1,305$889$591$385$247$167
35 years$1,254$843$553$354$223$149
36 years$1,205$801$517$326$202$133
37 years$1,160$760$484$301$183$119
38 years$1,117$723$453$277$166$107
39 years$1,076$687$424$255$151$95
40 years$1,038$654$398$236$137$85
41 years$1,001$622$373$217$124$76
42 years$966$593$350$201$113$68
43 years$933$565$328$185$102$61
44 years$902$538$308$171$93$54
45 years$872$513$289$158$84$49
46 years$843$490$272$146$76$44
47 years$816$467$255$135$69$39
48 years$790$446$240$125$63$35
49 years$765$426$226$115$57$31
50 years$741$407$212$106$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $759,000, adding $4,664 every year, while hoping to spend $40,478 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: 47/46/7 Blend
69$759,000$759,000$759,000$759,000
70$841,229$801,002$789,237$878,969
71$883,966$797,183$772,609$901,545
72$929,706$791,820$754,066$921,405
73$978,711$784,795$733,503$942,011
74$1,031,272$775,982$710,808$963,445
75$1,087,705$765,248$685,863$985,798
76$1,148,358$752,453$658,547$1,009,174
77$1,213,614$737,446$628,731$1,033,690
78$1,283,892$720,070$596,283$1,059,477
79$1,359,652$700,157$561,062$1,086,682
80$1,441,402$677,530$522,922$1,115,472
81$1,529,696$652,000$481,712$1,146,033
82$1,625,147$623,369$437,270$1,178,575
83$1,728,425$591,428$389,432$1,213,332
84$1,840,269$555,953$338,023$1,250,566
85$1,961,491$516,709$282,861$1,290,573
86$2,092,983$473,448$223,757$1,333,679
87$2,235,728$425,907$160,513$1,380,254
88$2,390,803$373,808$92,922$1,430,706
89$2,559,398$316,857$20,768$1,485,495
90$2,742,819$254,746$0$1,545,131
91$2,942,504$187,145$0$1,614,384
92$3,160,033$113,709$0$1,691,616
93$3,397,148$34,073$0$1,776,001
94$3,655,765$0$0$1,868,345
95$3,937,993$0$0$1,995,940
96$4,246,152$0$0$2,154,171
97$4,582,797$0$0$2,327,113
98$4,950,741$0$0$2,516,221
99$5,353,082$0$0$2,723,099
100$5,793,228$0$0$2,949,510