Can I retire at age 70 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$63,338$62,774$62,224$61,686$61,162$59,562
2 years$31,356$30,772$30,206$29,657$29,125$27,524
3 years$20,696$20,110$19,545$19,001$18,478$16,926
4 years$15,367$14,783$14,224$13,689$13,179$11,688
5 years$12,171$11,590$11,038$10,515$10,018$8,593
6 years$10,041$9,464$8,921$8,409$7,927$6,568
7 years$8,520$7,948$7,413$6,913$6,447$5,154
8 years$7,380$6,813$6,287$5,799$5,348$4,122
9 years$6,493$5,932$5,415$4,940$4,504$3,342
10 years$5,784$5,229$4,721$4,258$3,838$2,739
11 years$5,205$4,655$4,156$3,706$3,300$2,264
12 years$4,722$4,178$3,688$3,251$2,860$1,883
13 years$4,314$3,775$3,295$2,870$2,494$1,575
14 years$3,965$3,432$2,961$2,547$2,186$1,323
15 years$3,663$3,135$2,673$2,272$1,925$1,116
16 years$3,398$2,876$2,424$2,034$1,701$943
17 years$3,165$2,649$2,206$1,828$1,508$799
18 years$2,958$2,448$2,013$1,647$1,341$679
19 years$2,773$2,269$1,843$1,488$1,196$578
20 years$2,607$2,108$1,692$1,348$1,068$492
21 years$2,457$1,964$1,556$1,223$956$420
22 years$2,320$1,833$1,434$1,112$857$359
23 years$2,196$1,714$1,324$1,013$769$306
24 years$2,082$1,606$1,224$924$691$262
25 years$1,977$1,507$1,134$844$622$224
26 years$1,881$1,417$1,052$772$560$192
27 years$1,792$1,333$977$706$505$165
28 years$1,709$1,256$908$647$456$141
29 years$1,633$1,185$845$593$412$121
30 years$1,561$1,119$787$545$372$104
31 years$1,495$1,058$734$500$336$89
32 years$1,432$1,001$685$460$304$76
33 years$1,374$948$639$423$275$66
34 years$1,319$899$597$389$249$56
35 years$1,267$852$558$358$226$48
36 years$1,218$809$522$330$204$41
37 years$1,172$768$489$304$185$36
38 years$1,129$730$458$280$168$31
39 years$1,088$694$429$258$152$26
40 years$1,049$661$402$238$138$23
41 years$1,012$629$377$220$125$19
42 years$977$599$354$203$114$17
43 years$943$571$332$187$103$14
44 years$911$544$311$173$94$12
45 years$881$519$292$160$85$11
46 years$852$495$275$147$77$9
47 years$825$472$258$136$70$8
48 years$798$451$243$126$64$7
49 years$773$430$228$116$58$6
50 years$749$411$214$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $767,000, adding $2,424 every year, while hoping to spend $34,706 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: 59/29/12 Blend
69$767,000$767,000$767,000$767,000
70$847,734$807,083$795,195$895,127
71$897,276$809,704$784,907$929,951
72$950,708$811,289$773,111$963,802
73$1,008,391$811,752$759,721$999,880
74$1,070,719$811,000$744,644$1,038,403
75$1,138,128$808,935$727,785$1,079,612
76$1,211,096$805,452$709,045$1,123,774
77$1,290,149$800,440$688,318$1,171,183
78$1,375,863$793,781$665,497$1,222,167
79$1,468,876$785,350$640,465$1,277,086
80$1,569,885$775,016$613,104$1,336,340
81$1,679,659$762,638$583,289$1,400,370
82$1,799,044$748,067$550,889$1,469,665
83$1,928,970$731,146$515,767$1,544,766
84$2,070,460$711,708$477,781$1,626,268
85$2,224,642$689,576$436,782$1,714,833
86$2,392,755$664,565$392,614$1,811,191
87$2,576,164$636,476$345,113$1,916,149
88$2,776,369$605,100$294,111$2,030,598
89$2,995,024$570,216$239,430$2,155,525
90$3,233,950$531,589$180,884$2,292,017
91$3,495,149$488,973$118,280$2,441,280
92$3,780,828$442,106$51,416$2,604,642
93$4,093,414$390,712$0$2,783,573
94$4,435,584$334,498$0$2,982,248
95$4,810,280$273,155$0$3,207,099
96$5,220,747$206,359$0$3,453,545
97$5,670,557$133,763$0$3,723,802
98$6,163,641$55,005$0$4,020,318
99$6,704,333$0$0$4,345,792
100$7,297,403$0$0$4,712,871