Can I retire at age 70 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$63,008$62,447$61,899$61,365$60,843$59,396
2 years$31,192$30,611$30,048$29,502$28,973$27,524
3 years$20,588$20,005$19,443$18,902$18,381$16,975
4 years$15,287$14,706$14,150$13,618$13,110$11,757
5 years$12,107$11,529$10,981$10,460$9,966$8,671
6 years$9,988$9,415$8,874$8,365$7,886$6,650
7 years$8,475$7,906$7,374$6,877$6,413$5,236
8 years$7,341$6,777$6,254$5,769$5,320$4,202
9 years$6,459$5,901$5,387$4,914$4,480$3,420
10 years$5,754$5,201$4,696$4,236$3,818$2,813
11 years$5,178$4,630$4,134$3,687$3,283$2,334
12 years$4,698$4,156$3,669$3,234$2,845$1,949
13 years$4,292$3,756$3,278$2,855$2,481$1,637
14 years$3,944$3,414$2,945$2,534$2,175$1,381
15 years$3,643$3,119$2,659$2,260$1,915$1,169
16 years$3,380$2,861$2,411$2,024$1,692$993
17 years$3,148$2,635$2,194$1,818$1,501$845
18 years$2,943$2,435$2,003$1,639$1,334$721
19 years$2,759$2,257$1,834$1,481$1,189$616
20 years$2,593$2,097$1,683$1,341$1,062$527
21 years$2,444$1,953$1,548$1,217$951$452
22 years$2,308$1,823$1,426$1,107$852$388
23 years$2,184$1,705$1,317$1,008$765$333
24 years$2,071$1,598$1,218$919$688$286
25 years$1,967$1,499$1,128$839$619$246
26 years$1,871$1,409$1,046$767$557$212
27 years$1,783$1,326$972$703$502$182
28 years$1,701$1,250$903$644$453$157
29 years$1,624$1,179$841$590$409$135
30 years$1,553$1,113$783$542$370$117
31 years$1,487$1,053$730$497$334$100
32 years$1,425$996$681$457$302$87
33 years$1,366$943$636$420$274$75
34 years$1,312$894$594$387$248$64
35 years$1,260$848$555$356$224$56
36 years$1,212$805$520$328$203$48
37 years$1,166$764$486$302$184$41
38 years$1,123$726$455$279$167$36
39 years$1,082$691$427$257$152$31
40 years$1,043$657$400$237$137$27
41 years$1,006$626$375$219$125$23
42 years$971$596$352$202$113$20
43 years$938$568$330$186$103$17
44 years$907$541$310$172$93$15
45 years$876$516$291$159$85$13
46 years$848$492$273$147$77$11
47 years$820$470$257$135$70$10
48 years$794$448$241$125$63$8
49 years$769$428$227$116$58$7
50 years$745$409$213$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $763,000, adding $5,641 every year, while hoping to spend $22,018 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: 67/27/6 Blend
69$763,000$763,000$763,000$763,000
70$846,645$806,206$794,379$902,226
71$909,575$822,283$797,564$955,886
72$978,187$838,410$800,117$1,011,333
73$1,053,036$854,566$801,995$1,071,352
74$1,134,735$870,728$803,151$1,136,389
75$1,223,956$886,873$803,535$1,206,929
76$1,321,443$902,973$803,097$1,283,510
77$1,428,012$919,000$801,782$1,366,724
78$1,544,562$934,924$799,535$1,457,222
79$1,672,083$950,711$796,295$1,555,724
80$1,811,666$966,326$792,001$1,663,018
81$1,964,510$981,730$786,588$1,779,978
82$2,131,939$996,883$779,987$1,907,564
83$2,315,407$1,011,741$772,126$2,046,833
84$2,516,518$1,026,256$762,932$2,198,952
85$2,737,038$1,040,378$752,326$2,365,205
86$2,978,912$1,054,052$740,225$2,547,008
87$3,244,282$1,067,222$726,543$2,745,922
88$3,535,508$1,079,825$711,191$2,963,664
89$3,855,188$1,091,795$694,075$3,202,130
90$4,206,186$1,103,062$675,095$3,463,408
91$4,591,656$1,113,550$654,150$3,749,799
92$5,015,071$1,123,181$631,130$4,063,838
93$5,480,260$1,131,868$605,924$4,408,321
94$5,991,437$1,139,520$578,414$4,786,328
95$6,553,249$1,146,042$548,476$5,201,252
96$7,170,812$1,151,330$515,981$5,656,836
97$7,849,764$1,155,274$480,796$6,157,203
98$8,596,317$1,157,759$442,779$6,706,897
99$9,417,313$1,158,661$401,784$7,310,927
100$10,320,292$1,157,849$357,657$7,974,813