Can I retire at age 70 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$63,090$62,528$61,980$61,445$60,922$60,615
2 years$31,233$30,651$30,087$29,541$29,011$28,700
3 years$20,615$20,031$19,469$18,927$18,406$18,102
4 years$15,307$14,725$14,168$13,636$13,127$12,832
5 years$12,123$11,544$10,995$10,474$9,979$9,694
6 years$10,001$9,427$8,886$8,376$7,896$7,622
7 years$8,486$7,917$7,384$6,886$6,422$6,158
8 years$7,351$6,786$6,262$5,777$5,327$5,074
9 years$6,468$5,908$5,394$4,920$4,486$4,244
10 years$5,762$5,208$4,702$4,242$3,823$3,590
11 years$5,185$4,636$4,140$3,691$3,288$3,065
12 years$4,704$4,161$3,674$3,238$2,849$2,637
13 years$4,298$3,761$3,282$2,859$2,484$2,282
14 years$3,950$3,418$2,949$2,537$2,178$1,985
15 years$3,648$3,123$2,663$2,263$1,917$1,734
16 years$3,385$2,865$2,414$2,026$1,695$1,520
17 years$3,153$2,639$2,197$1,821$1,503$1,337
18 years$2,946$2,438$2,005$1,641$1,336$1,179
19 years$2,762$2,260$1,836$1,483$1,191$1,042
20 years$2,597$2,100$1,685$1,343$1,064$923
21 years$2,447$1,956$1,550$1,219$952$819
22 years$2,311$1,826$1,428$1,108$853$727
23 years$2,187$1,708$1,319$1,009$766$647
24 years$2,074$1,600$1,220$920$688$576
25 years$1,970$1,501$1,130$840$619$514
26 years$1,874$1,411$1,048$769$558$459
27 years$1,785$1,328$973$703$503$410
28 years$1,703$1,251$904$644$454$366
29 years$1,626$1,181$842$591$410$328
30 years$1,555$1,115$784$542$370$293
31 years$1,489$1,054$731$498$335$262
32 years$1,427$997$682$458$303$235
33 years$1,368$944$637$421$274$211
34 years$1,313$895$595$387$248$189
35 years$1,262$849$556$357$225$169
36 years$1,213$806$520$328$204$152
37 years$1,168$765$487$303$185$136
38 years$1,124$727$456$279$167$122
39 years$1,083$692$427$257$152$110
40 years$1,045$658$400$237$138$99
41 years$1,008$626$376$219$125$89
42 years$973$597$352$202$113$80
43 years$939$568$331$186$103$71
44 years$908$542$310$172$93$64
45 years$878$517$291$159$85$58
46 years$849$493$274$147$77$52
47 years$821$470$257$136$70$47
48 years$795$449$242$125$63$42
49 years$770$429$227$116$58$38
50 years$746$410$213$107$52$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $764,000, adding $4,617 every year, while hoping to spend $48,231 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: 76/15/9 Blend
69$764,000$764,000$764,000$764,000
70$846,690$806,198$794,356$909,444
71$881,735$794,385$769,650$939,567
72$918,739$780,376$742,499$965,970
73$957,849$764,013$712,772$993,532
74$999,228$745,128$680,328$1,022,350
75$1,043,054$723,544$645,024$1,052,531
76$1,089,520$699,072$606,707$1,084,193
77$1,138,838$671,514$565,218$1,117,468
78$1,191,239$640,658$520,393$1,152,502
79$1,246,977$606,281$472,058$1,189,455
80$1,306,328$568,149$420,031$1,228,506
81$1,369,596$526,011$364,125$1,269,851
82$1,437,114$479,604$304,142$1,313,711
83$1,509,244$428,649$239,875$1,360,325
84$1,586,386$372,852$171,110$1,409,964
85$1,668,978$311,902$97,623$1,462,923
86$1,757,498$245,470$19,178$1,519,530
87$1,852,474$173,209$0$1,580,149
88$1,954,482$94,752$0$1,651,381
89$2,064,156$9,712$0$1,729,840
90$2,182,191$0$0$1,814,201
91$2,309,353$0$0$1,918,625
92$2,446,479$0$0$2,032,982
93$2,594,491$0$0$2,156,442
94$2,754,402$0$0$2,289,851
95$2,927,326$0$0$2,434,142
96$3,114,485$0$0$2,590,338
97$3,317,224$0$0$2,759,566
98$3,537,022$0$0$2,943,063
99$3,775,505$0$0$3,142,191
100$4,034,461$0$0$3,358,445