Can I retire at age 70 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$63,173$62,610$62,061$61,525$61,002$60,415
2 years$31,274$30,691$30,127$29,580$29,049$28,458
3 years$20,642$20,057$19,494$18,952$18,430$17,853
4 years$15,327$14,744$14,187$13,654$13,144$12,586
5 years$12,139$11,560$11,009$10,487$9,992$9,453
6 years$10,015$9,439$8,897$8,387$7,906$7,389
7 years$8,498$7,927$7,394$6,895$6,430$5,933
8 years$7,360$6,795$6,270$5,784$5,334$4,858
9 years$6,476$5,916$5,401$4,927$4,492$4,037
10 years$5,769$5,215$4,708$4,247$3,828$3,393
11 years$5,191$4,642$4,145$3,696$3,292$2,878
12 years$4,710$4,167$3,679$3,242$2,853$2,458
13 years$4,303$3,766$3,287$2,862$2,488$2,112
14 years$3,955$3,423$2,953$2,541$2,181$1,824
15 years$3,653$3,127$2,666$2,266$1,920$1,582
16 years$3,389$2,869$2,417$2,029$1,697$1,377
17 years$3,157$2,642$2,200$1,823$1,505$1,201
18 years$2,950$2,441$2,008$1,643$1,338$1,051
19 years$2,766$2,263$1,838$1,484$1,192$922
20 years$2,600$2,103$1,687$1,344$1,065$810
21 years$2,450$1,958$1,552$1,220$953$713
22 years$2,314$1,828$1,430$1,109$854$628
23 years$2,190$1,710$1,321$1,010$767$554
24 years$2,077$1,602$1,221$922$689$489
25 years$1,972$1,503$1,131$842$620$433
26 years$1,876$1,413$1,049$770$559$383
27 years$1,787$1,330$974$704$504$339
28 years$1,705$1,253$906$645$455$300
29 years$1,628$1,182$843$592$410$266
30 years$1,557$1,116$785$543$371$236
31 years$1,491$1,055$732$499$335$210
32 years$1,428$999$683$458$303$186
33 years$1,370$946$638$422$274$165
34 years$1,315$896$596$388$249$147
35 years$1,264$850$557$357$225$130
36 years$1,215$807$521$329$204$116
37 years$1,169$766$488$303$185$103
38 years$1,126$728$457$279$168$92
39 years$1,085$693$428$257$152$81
40 years$1,046$659$401$237$138$72
41 years$1,009$627$376$219$125$64
42 years$974$597$353$202$113$57
43 years$941$569$331$187$103$51
44 years$909$542$311$172$93$45
45 years$879$517$292$159$85$40
46 years$850$493$274$147$77$36
47 years$822$471$257$136$70$32
48 years$796$450$242$126$64$28
49 years$771$429$227$116$58$25
50 years$747$410$214$107$52$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $765,000, adding $5,062 every year, while hoping to spend $56,751 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: 87/8/5 Blend
69$765,000$765,000$765,000$765,000
70$848,251$807,706$795,849$921,668
71$874,390$786,901$762,127$949,429
72$901,294$763,175$725,374$971,511
73$928,979$736,324$685,427$993,922
74$957,464$706,133$642,119$1,016,651
75$986,768$672,376$595,272$1,039,689
76$1,016,907$634,811$544,702$1,063,022
77$1,047,899$593,185$490,217$1,086,636
78$1,079,761$547,227$431,616$1,110,515
79$1,112,511$496,655$368,689$1,134,640
80$1,146,162$441,167$301,215$1,158,990
81$1,180,732$380,445$228,967$1,183,541
82$1,216,234$314,154$151,705$1,208,268
83$1,252,682$241,940$69,180$1,233,140
84$1,290,089$163,428$0$1,258,124
85$1,328,464$78,222$0$1,284,192
86$1,367,817$0$0$1,314,299
87$1,408,155$0$0$1,345,962
88$1,449,484$0$0$1,385,457
89$1,491,805$0$0$1,425,899
90$1,535,120$0$0$1,467,289
91$1,579,423$0$0$1,509,624
92$1,624,709$0$0$1,552,895
93$1,670,966$0$0$1,597,093
94$1,718,178$0$0$1,642,202
95$1,766,324$0$0$1,688,201
96$1,815,377$0$0$1,735,065
97$1,865,303$0$0$1,782,761
98$1,916,062$0$0$1,831,249
99$1,967,604$0$0$1,880,483
100$2,019,870$0$0$1,930,406