Can I retire at age 70 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$63,503$62,938$62,386$61,847$61,321$60,231
2 years$31,437$30,852$30,284$29,734$29,201$28,106
3 years$20,750$20,162$19,596$19,051$18,526$17,461
4 years$15,407$14,821$14,261$13,725$13,213$12,186
5 years$12,203$11,620$11,067$10,542$10,044$9,058
6 years$10,067$9,489$8,944$8,431$7,948$7,003
7 years$8,542$7,969$7,432$6,931$6,464$5,561
8 years$7,399$6,830$6,303$5,815$5,362$4,502
9 years$6,510$5,947$5,429$4,953$4,516$3,697
10 years$5,800$5,242$4,733$4,269$3,848$3,070
11 years$5,219$4,667$4,167$3,716$3,309$2,571
12 years$4,735$4,189$3,698$3,259$2,868$2,168
13 years$4,326$3,785$3,304$2,877$2,501$1,839
14 years$3,975$3,441$2,969$2,554$2,192$1,567
15 years$3,672$3,143$2,680$2,278$1,930$1,341
16 years$3,407$2,884$2,430$2,040$1,706$1,150
17 years$3,173$2,656$2,211$1,832$1,512$990
18 years$2,966$2,454$2,019$1,651$1,345$854
19 years$2,780$2,274$1,848$1,492$1,199$738
20 years$2,614$2,114$1,696$1,351$1,071$639
21 years$2,463$1,969$1,560$1,227$958$554
22 years$2,326$1,838$1,438$1,115$859$481
23 years$2,202$1,719$1,327$1,016$771$417
24 years$2,087$1,610$1,228$926$693$363
25 years$1,983$1,511$1,137$846$624$316
26 years$1,886$1,420$1,055$774$562$275
27 years$1,797$1,337$979$708$506$240
28 years$1,714$1,260$910$649$457$209
29 years$1,637$1,188$847$595$413$182
30 years$1,565$1,122$789$546$373$159
31 years$1,498$1,061$736$501$337$139
32 years$1,436$1,004$686$461$305$121
33 years$1,377$951$641$424$276$106
34 years$1,322$901$599$390$250$93
35 years$1,270$855$560$359$226$81
36 years$1,221$811$524$331$205$71
37 years$1,175$770$490$305$186$62
38 years$1,132$732$459$281$168$54
39 years$1,090$696$430$259$153$47
40 years$1,051$662$403$239$139$41
41 years$1,014$630$378$220$126$36
42 years$979$600$355$203$114$32
43 years$946$572$333$188$104$28
44 years$914$545$312$173$94$24
45 years$883$520$293$160$85$21
46 years$854$496$275$148$77$18
47 years$827$473$259$137$70$16
48 years$800$452$243$126$64$14
49 years$775$432$229$117$58$12
50 years$751$412$215$108$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $769,000, adding $3,980 every year, while hoping to spend $55,224 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: 58/20/22 Blend
69$769,000$769,000$769,000$769,000
70$851,543$810,786$798,867$895,700
71$879,643$791,757$766,871$907,192
72$908,758$769,944$731,952$913,426
73$938,933$745,154$693,955$919,018
74$970,217$717,179$652,715$923,918
75$1,002,660$685,802$608,062$928,074
76$1,036,318$650,792$559,819$931,432
77$1,071,247$611,906$507,797$933,936
78$1,107,509$568,885$451,804$935,527
79$1,145,171$521,456$391,635$936,143
80$1,184,302$469,330$327,078$935,721
81$1,224,977$412,204$257,912$934,194
82$1,267,278$349,755$183,905$931,495
83$1,311,290$281,643$104,815$927,552
84$1,357,105$207,507$20,390$922,291
85$1,404,824$126,969$0$915,637
86$1,454,553$39,627$0$923,874
87$1,506,407$0$0$936,732
88$1,560,510$0$0$961,494
89$1,616,996$0$0$996,466
90$1,676,009$0$0$1,033,017
91$1,737,704$0$0$1,071,247
92$1,802,251$0$0$1,111,261
93$1,869,832$0$0$1,153,174
94$1,940,644$0$0$1,197,113
95$2,014,901$0$0$1,243,213
96$2,092,837$0$0$1,291,620
97$2,174,703$0$0$1,342,495
98$2,260,774$0$0$1,396,013
99$2,351,348$0$0$1,452,361
100$2,446,750$0$0$1,511,747