Can I retire at age 70 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$63,916$63,347$62,791$62,249$61,720$59,696
2 years$31,642$31,052$30,481$29,928$29,390$27,371
3 years$20,885$20,293$19,723$19,175$18,646$16,695
4 years$15,508$14,918$14,354$13,814$13,299$11,430
5 years$12,282$11,696$11,139$10,611$10,110$8,328
6 years$10,132$9,550$9,002$8,486$7,999$6,307
7 years$8,597$8,020$7,481$6,976$6,506$4,902
8 years$7,447$6,875$6,344$5,852$5,397$3,881
9 years$6,552$5,986$5,464$4,985$4,545$3,114
10 years$5,837$5,276$4,764$4,297$3,873$2,526
11 years$5,253$4,697$4,194$3,740$3,331$2,064
12 years$4,766$4,216$3,722$3,280$2,886$1,698
13 years$4,354$3,810$3,325$2,896$2,517$1,404
14 years$4,001$3,463$2,988$2,571$2,206$1,166
15 years$3,696$3,164$2,698$2,293$1,943$971
16 years$3,429$2,903$2,446$2,053$1,717$811
17 years$3,194$2,673$2,226$1,844$1,522$679
18 years$2,985$2,470$2,032$1,662$1,354$569
19 years$2,798$2,289$1,860$1,502$1,206$478
20 years$2,631$2,127$1,707$1,360$1,078$402
21 years$2,479$1,981$1,570$1,235$964$339
22 years$2,341$1,850$1,447$1,122$864$285
23 years$2,216$1,730$1,336$1,022$776$241
24 years$2,101$1,621$1,236$932$697$203
25 years$1,995$1,521$1,144$851$628$171
26 years$1,898$1,430$1,061$779$565$145
27 years$1,808$1,345$986$713$510$122
28 years$1,725$1,268$916$653$460$103
29 years$1,648$1,196$853$599$415$87
30 years$1,576$1,129$794$550$375$74
31 years$1,508$1,068$740$505$339$63
32 years$1,445$1,010$691$464$307$53
33 years$1,386$957$645$427$278$45
34 years$1,331$907$603$392$251$38
35 years$1,278$860$563$361$228$32
36 years$1,229$816$527$333$206$27
37 years$1,183$775$493$307$187$23
38 years$1,139$737$462$283$170$19
39 years$1,098$701$433$261$154$16
40 years$1,058$667$406$240$139$14
41 years$1,021$635$380$222$127$12
42 years$985$604$357$205$115$10
43 years$952$576$335$189$104$8
44 years$920$549$314$174$95$7
45 years$889$523$295$161$86$6
46 years$860$499$277$149$78$5
47 years$832$476$260$137$71$4
48 years$805$455$245$127$64$4
49 years$780$434$230$117$58$3
50 years$756$415$216$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $774,000, adding $4,721 every year, while hoping to spend $34,774 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: 81/6/13 Blend
69$774,000$774,000$774,000$774,000
70$857,818$816,796$804,799$924,805
71$908,316$819,819$794,760$972,487
72$962,799$821,826$783,220$1,019,801
73$1,021,638$822,728$770,091$1,070,722
74$1,085,238$822,435$755,282$1,125,596
75$1,154,046$820,848$738,698$1,184,803
76$1,228,553$817,864$720,239$1,248,760
77$1,309,299$813,373$699,800$1,317,929
78$1,396,877$807,258$677,273$1,392,818
79$1,491,941$799,395$652,543$1,473,986
80$1,595,206$789,654$625,491$1,562,050
81$1,707,465$777,894$595,993$1,657,689
82$1,829,584$763,969$563,916$1,761,652
83$1,962,520$747,722$529,126$1,874,764
84$2,107,325$728,988$491,479$1,997,934
85$2,265,155$707,591$450,827$2,132,165
86$2,437,285$683,348$407,014$2,278,561
87$2,625,117$656,060$359,878$2,438,340
88$2,830,193$625,521$309,248$2,612,842
89$3,054,212$591,511$254,947$2,803,548
90$3,299,044$553,798$196,790$3,012,086
91$3,566,749$512,135$134,584$3,240,253
92$3,859,591$466,265$68,127$3,490,029
93$4,180,069$415,911$0$3,763,597
94$4,530,929$360,784$0$4,063,750
95$4,915,199$300,577$0$4,402,862
96$5,336,211$234,967$0$4,774,427
97$5,797,635$163,611$0$5,181,700
98$6,303,514$86,148$0$5,628,266
99$6,858,300$2,197$0$6,118,076
100$7,466,897$0$0$6,655,481