Can I retire at age 70 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$63,834$63,265$62,710$62,169$61,640$59,835
2 years$31,601$31,012$30,442$29,889$29,352$27,548
3 years$20,858$20,267$19,698$19,150$18,622$16,876
4 years$15,488$14,898$14,335$13,797$13,282$11,606
5 years$12,266$11,680$11,125$10,597$10,096$8,497
6 years$10,119$9,538$8,990$8,475$7,989$6,466
7 years$8,586$8,010$7,471$6,967$6,497$5,051
8 years$7,437$6,866$6,336$5,845$5,390$4,021
9 years$6,544$5,978$5,457$4,978$4,539$3,244
10 years$5,830$5,269$4,758$4,291$3,868$2,646
11 years$5,246$4,691$4,189$3,735$3,326$2,176
12 years$4,759$4,210$3,717$3,276$2,882$1,800
13 years$4,348$3,805$3,321$2,892$2,514$1,498
14 years$3,996$3,459$2,984$2,567$2,203$1,251
15 years$3,691$3,160$2,694$2,290$1,940$1,049
16 years$3,425$2,899$2,443$2,050$1,715$882
17 years$3,190$2,670$2,223$1,842$1,520$743
18 years$2,981$2,467$2,029$1,660$1,352$627
19 years$2,795$2,286$1,858$1,500$1,205$531
20 years$2,627$2,125$1,705$1,359$1,076$449
21 years$2,476$1,979$1,568$1,233$963$381
22 years$2,338$1,847$1,445$1,121$863$323
23 years$2,213$1,728$1,334$1,021$775$275
24 years$2,098$1,619$1,234$931$697$233
25 years$1,993$1,519$1,143$850$627$198
26 years$1,896$1,428$1,060$778$565$169
27 years$1,806$1,344$984$712$509$144
28 years$1,723$1,266$915$652$459$122
29 years$1,646$1,194$852$598$415$104
30 years$1,573$1,128$793$549$375$89
31 years$1,506$1,066$739$504$339$76
32 years$1,443$1,009$690$463$306$64
33 years$1,384$956$644$426$277$55
34 years$1,329$906$602$392$251$47
35 years$1,277$859$563$361$227$40
36 years$1,228$815$526$332$206$34
37 years$1,181$774$493$306$187$29
38 years$1,138$736$461$282$169$25
39 years$1,096$700$432$260$154$21
40 years$1,057$666$405$240$139$18
41 years$1,020$634$380$221$126$15
42 years$984$604$356$204$115$13
43 years$950$575$334$189$104$11
44 years$918$548$314$174$94$10
45 years$888$523$295$161$86$8
46 years$859$499$277$149$78$7
47 years$831$476$260$137$71$6
48 years$804$454$244$127$64$5
49 years$779$434$230$117$58$4
50 years$755$414$216$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $773,000, adding $6,440 every year, while hoping to spend $26,148 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: 61/28/11 Blend
69$773,000$773,000$773,000$773,000
70$858,489$817,520$805,538$908,264
71$918,233$829,757$804,703$954,669
72$983,196$841,718$802,963$1,001,723
73$1,053,880$853,360$800,260$1,052,423
74$1,130,842$864,641$796,535$1,107,122
75$1,214,692$875,512$791,723$1,166,210
76$1,306,102$885,924$785,758$1,230,117
77$1,405,813$895,823$778,569$1,299,317
78$1,514,639$905,151$770,084$1,374,331
79$1,633,476$913,848$760,226$1,455,736
80$1,763,312$921,848$748,915$1,544,168
81$1,905,232$929,081$736,066$1,640,325
82$2,060,433$935,473$721,591$1,744,982
83$2,230,232$940,946$705,399$1,858,989
84$2,416,079$945,415$687,394$1,983,286
85$2,619,571$948,792$667,473$2,118,909
86$2,842,466$950,982$645,532$2,267,000
87$3,086,701$951,884$621,461$2,428,819
88$3,354,408$951,390$595,143$2,605,755
89$3,647,937$949,387$566,460$2,799,340
90$3,969,874$945,754$535,284$3,011,263
91$4,323,069$940,364$501,484$3,243,388
92$4,710,660$933,080$464,921$3,497,768
93$5,136,105$923,758$425,454$3,776,669
94$5,603,211$912,246$382,930$4,082,590
95$6,116,174$898,381$337,193$4,418,284
96$6,679,614$881,992$288,079$4,786,789
97$7,298,621$862,896$235,417$5,191,454
98$7,978,805$840,903$179,028$5,635,973
99$8,726,343$815,807$118,725$6,124,417
100$9,548,041$787,393$54,313$6,661,277