Can I retire at age 70 with 768,000?

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 $768,000?

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$63,421$62,856$62,305$61,767$61,241$60,227
2 years$31,396$30,812$30,245$29,696$29,163$28,143
3 years$20,723$20,136$19,571$19,026$18,502$17,510
4 years$15,387$14,802$14,242$13,707$13,196$12,238
5 years$12,187$11,605$11,053$10,529$10,031$9,111
6 years$10,054$9,476$8,932$8,420$7,937$7,056
7 years$8,531$7,958$7,423$6,922$6,455$5,613
8 years$7,389$6,822$6,295$5,807$5,355$4,551
9 years$6,502$5,939$5,422$4,946$4,510$3,744
10 years$5,792$5,235$4,727$4,264$3,843$3,115
11 years$5,212$4,661$4,162$3,711$3,305$2,614
12 years$4,729$4,183$3,693$3,255$2,864$2,208
13 years$4,320$3,780$3,300$2,873$2,497$1,877
14 years$3,970$3,436$2,965$2,551$2,189$1,603
15 years$3,667$3,139$2,677$2,275$1,927$1,374
16 years$3,403$2,880$2,427$2,037$1,704$1,181
17 years$3,169$2,652$2,208$1,830$1,510$1,019
18 years$2,962$2,451$2,016$1,649$1,343$881
19 years$2,777$2,272$1,846$1,490$1,197$763
20 years$2,610$2,111$1,694$1,350$1,069$662
21 years$2,460$1,966$1,558$1,225$957$575
22 years$2,323$1,835$1,436$1,114$858$500
23 years$2,199$1,717$1,326$1,014$770$435
24 years$2,085$1,608$1,226$925$692$380
25 years$1,980$1,509$1,136$845$623$331
26 years$1,884$1,418$1,053$773$561$289
27 years$1,794$1,335$978$707$506$253
28 years$1,712$1,258$909$648$456$221
29 years$1,635$1,187$846$594$412$193
30 years$1,563$1,121$788$545$372$169
31 years$1,496$1,059$735$501$337$148
32 years$1,434$1,002$685$460$304$129
33 years$1,375$949$640$423$276$113
34 years$1,320$900$598$389$249$99
35 years$1,269$853$559$358$226$87
36 years$1,220$810$523$330$205$76
37 years$1,174$769$490$304$186$67
38 years$1,130$731$458$280$168$58
39 years$1,089$695$430$259$153$51
40 years$1,050$661$403$238$138$45
41 years$1,013$630$377$220$126$39
42 years$978$600$354$203$114$34
43 years$944$571$332$187$103$30
44 years$912$545$312$173$94$27
45 years$882$519$293$160$85$23
46 years$853$495$275$148$77$20
47 years$826$473$258$136$70$18
48 years$799$451$243$126$64$16
49 years$774$431$228$116$58$14
50 years$750$412$215$108$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $768,000, adding $3,348 every year, while hoping to spend $43,554 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: 53/23/24 Blend
69$768,000$768,000$768,000$768,000
70$849,789$809,085$797,181$889,016
71$890,127$802,390$777,546$909,743
72$933,119$793,906$755,793$927,517
73$978,990$783,501$731,805$945,959
74$1,027,988$771,032$705,461$965,148
75$1,080,381$756,351$676,632$985,173
76$1,136,465$739,298$645,185$1,006,136
77$1,196,566$719,705$610,980$1,028,152
78$1,261,038$697,393$573,870$1,051,349
79$1,330,273$672,174$533,704$1,075,872
80$1,404,699$643,849$490,321$1,101,884
81$1,484,787$612,206$443,555$1,129,567
82$1,571,053$577,022$393,232$1,159,127
83$1,664,065$538,061$339,170$1,190,793
84$1,764,446$495,072$281,179$1,224,821
85$1,872,882$447,793$219,061$1,261,499
86$1,990,125$395,944$152,608$1,301,149
87$2,117,002$339,229$81,605$1,344,128
88$2,254,423$277,338$5,826$1,390,837
89$2,403,387$209,941$0$1,441,722
90$2,564,995$136,691$0$1,516,499
91$2,740,456$57,220$0$1,599,345
92$2,931,099$0$0$1,689,449
93$3,138,388$0$0$1,794,872
94$3,363,932$0$0$1,925,402
95$3,609,503$0$0$2,067,591
96$3,877,050$0$0$2,222,576
97$4,168,716$0$0$2,391,609
98$4,486,863$0$0$2,576,066
99$4,834,088$0$0$2,777,464
100$5,213,252$0$0$2,997,471