Can I retire at age 70 with 761,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$62,843$62,283$61,737$61,204$60,683$60,175
2 years$31,110$30,531$29,969$29,425$28,897$28,384
3 years$20,534$19,952$19,392$18,853$18,333$17,833
4 years$15,247$14,667$14,112$13,582$13,075$12,591
5 years$12,076$11,499$10,952$10,433$9,940$9,472
6 years$9,962$9,390$8,851$8,343$7,865$7,415
7 years$8,453$7,886$7,355$6,859$6,396$5,964
8 years$7,322$6,759$6,238$5,754$5,306$4,892
9 years$6,442$5,885$5,372$4,901$4,469$4,073
10 years$5,739$5,188$4,684$4,225$3,808$3,429
11 years$5,164$4,618$4,124$3,677$3,275$2,913
12 years$4,686$4,145$3,660$3,225$2,838$2,493
13 years$4,281$3,746$3,270$2,847$2,475$2,147
14 years$3,934$3,405$2,938$2,528$2,169$1,858
15 years$3,634$3,110$2,652$2,254$1,910$1,614
16 years$3,372$2,854$2,405$2,018$1,688$1,407
17 years$3,140$2,628$2,188$1,813$1,497$1,231
18 years$2,935$2,429$1,998$1,634$1,331$1,079
19 years$2,751$2,251$1,829$1,477$1,186$949
20 years$2,586$2,092$1,678$1,337$1,060$835
21 years$2,437$1,948$1,544$1,214$948$737
22 years$2,302$1,819$1,423$1,104$850$651
23 years$2,179$1,701$1,314$1,005$763$575
24 years$2,066$1,594$1,215$917$686$509
25 years$1,962$1,496$1,125$837$617$451
26 years$1,866$1,406$1,044$765$556$400
27 years$1,778$1,323$969$701$501$355
28 years$1,696$1,246$901$642$452$316
29 years$1,620$1,176$838$589$408$280
30 years$1,549$1,111$781$540$369$249
31 years$1,483$1,050$728$496$334$222
32 years$1,421$993$679$456$302$197
33 years$1,363$941$634$419$273$176
34 years$1,308$892$593$386$247$156
35 years$1,257$846$554$355$224$139
36 years$1,209$803$518$327$203$124
37 years$1,163$762$485$301$184$111
38 years$1,120$724$454$278$167$99
39 years$1,079$689$426$256$151$88
40 years$1,040$655$399$236$137$78
41 years$1,004$624$374$218$124$70
42 years$969$594$351$201$113$62
43 years$936$566$329$186$102$56
44 years$904$540$309$171$93$50
45 years$874$515$290$158$84$44
46 years$845$491$273$146$77$40
47 years$818$468$256$135$70$35
48 years$792$447$241$125$63$31
49 years$767$427$226$115$57$28
50 years$743$408$213$107$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $761,000, adding $6,838 every year, while hoping to spend $58,380 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: 43/42/15 Blend
69$761,000$761,000$761,000$761,000
70$845,675$805,342$793,547$878,079
71$869,818$782,688$758,015$878,835
72$894,467$756,968$719,336$873,323
73$919,612$727,968$677,343$866,092
74$945,240$695,466$631,861$857,010
75$971,334$659,224$582,708$845,936
76$997,875$618,990$529,694$832,722
77$1,024,839$574,501$472,619$817,209
78$1,052,195$525,475$411,274$799,226
79$1,079,911$471,615$345,444$778,593
80$1,107,947$412,608$274,901$755,119
81$1,136,255$348,124$199,408$728,599
82$1,164,783$277,812$118,718$698,816
83$1,193,468$201,302$32,572$665,536
84$1,222,240$118,204$0$628,514
85$1,251,019$28,107$0$596,987
86$1,279,713$0$0$567,354
87$1,308,218$0$0$566,232
88$1,336,416$0$0$577,903
89$1,364,176$0$0$589,313
90$1,391,348$0$0$600,390
91$1,417,764$0$0$611,052
92$1,443,236$0$0$621,208
93$1,467,553$0$0$630,756
94$1,490,480$0$0$639,583
95$1,511,752$0$0$647,563
96$1,531,075$0$0$654,552
97$1,548,121$0$0$660,394
98$1,562,523$0$0$664,912
99$1,573,873$0$0$667,912
100$1,581,718$0$0$669,177