Can I retire at age 70 with 761,000?

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 $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%14%
1 years$62,843$62,283$61,737$61,204$60,683$59,678
2 years$31,110$30,531$29,969$29,425$28,897$27,887
3 years$20,534$19,952$19,392$18,853$18,333$17,350
4 years$15,247$14,667$14,112$13,582$13,075$12,127
5 years$12,076$11,499$10,952$10,433$9,940$9,028
6 years$9,962$9,390$8,851$8,343$7,865$6,992
7 years$8,453$7,886$7,355$6,859$6,396$5,562
8 years$7,322$6,759$6,238$5,754$5,306$4,510
9 years$6,442$5,885$5,372$4,901$4,469$3,710
10 years$5,739$5,188$4,684$4,225$3,808$3,086
11 years$5,164$4,618$4,124$3,677$3,275$2,590
12 years$4,686$4,145$3,660$3,225$2,838$2,188
13 years$4,281$3,746$3,270$2,847$2,475$1,860
14 years$3,934$3,405$2,938$2,528$2,169$1,588
15 years$3,634$3,110$2,652$2,254$1,910$1,361
16 years$3,372$2,854$2,405$2,018$1,688$1,171
17 years$3,140$2,628$2,188$1,813$1,497$1,009
18 years$2,935$2,429$1,998$1,634$1,331$873
19 years$2,751$2,251$1,829$1,477$1,186$756
20 years$2,586$2,092$1,678$1,337$1,060$656
21 years$2,437$1,948$1,544$1,214$948$570
22 years$2,302$1,819$1,423$1,104$850$496
23 years$2,179$1,701$1,314$1,005$763$432
24 years$2,066$1,594$1,215$917$686$376
25 years$1,962$1,496$1,125$837$617$328
26 years$1,866$1,406$1,044$765$556$286
27 years$1,778$1,323$969$701$501$250
28 years$1,696$1,246$901$642$452$219
29 years$1,620$1,176$838$589$408$191
30 years$1,549$1,111$781$540$369$167
31 years$1,483$1,050$728$496$334$146
32 years$1,421$993$679$456$302$128
33 years$1,363$941$634$419$273$112
34 years$1,308$892$593$386$247$98
35 years$1,257$846$554$355$224$86
36 years$1,209$803$518$327$203$75
37 years$1,163$762$485$301$184$66
38 years$1,120$724$454$278$167$58
39 years$1,079$689$426$256$151$51
40 years$1,040$655$399$236$137$44
41 years$1,004$624$374$218$124$39
42 years$969$594$351$201$113$34
43 years$936$566$329$186$102$30
44 years$904$540$309$171$93$26
45 years$874$515$290$158$84$23
46 years$845$491$273$146$77$20
47 years$818$468$256$135$70$18
48 years$792$447$241$125$63$16
49 years$767$427$226$115$57$14
50 years$743$408$213$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $761,000, adding $2,403 every year, while hoping to spend $30,348 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: 78/9/13 Blend
69$761,000$761,000$761,000$761,000
70$841,101$800,768$788,972$904,360
71$894,603$807,715$783,113$953,288
72$952,545$813,986$776,040$1,002,825
73$1,015,349$819,515$767,681$1,056,300
74$1,083,475$824,233$757,960$1,114,094
75$1,157,435$828,065$746,796$1,176,627
76$1,237,787$830,934$734,108$1,244,362
77$1,325,147$832,756$719,806$1,317,809
78$1,420,193$833,442$703,800$1,397,529
79$1,523,670$832,897$685,995$1,484,141
80$1,636,397$831,022$666,289$1,578,328
81$1,759,279$827,711$644,578$1,680,841
82$1,893,307$822,851$620,753$1,792,509
83$2,039,575$816,322$594,700$1,914,245
84$2,199,287$807,997$566,298$2,047,056
85$2,373,768$797,742$535,422$2,192,050
86$2,564,475$785,414$501,941$2,350,451
87$2,773,015$770,863$465,720$2,523,606
88$3,001,155$753,928$426,614$2,713,001
89$3,250,842$734,440$384,475$2,920,273
90$3,524,220$712,219$339,147$3,147,226
91$3,823,649$687,076$290,466$3,395,851
92$4,151,728$658,810$238,264$3,668,340
93$4,511,320$627,208$182,362$3,967,109
94$4,905,579$592,044$122,575$4,294,823
95$5,337,976$553,083$58,709$4,654,418
96$5,812,336$510,070$0$5,049,132
97$6,332,872$462,742$0$5,483,842
98$6,904,226$410,817$0$5,969,948
99$7,531,507$353,997$0$6,503,661
100$8,220,347$291,969$0$7,089,793