Can I retire at age 70 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$64,081$63,511$62,954$62,410$61,879$61,259
2 years$31,723$31,133$30,560$30,005$29,466$28,841
3 years$20,939$20,346$19,774$19,224$18,695$18,084
4 years$15,548$14,956$14,391$13,850$13,333$12,743
5 years$12,314$11,726$11,168$10,638$10,136$9,566
6 years$10,159$9,575$9,025$8,507$8,020$7,473
7 years$8,620$8,041$7,500$6,994$6,522$5,997
8 years$7,466$6,893$6,361$5,867$5,411$4,908
9 years$6,569$6,001$5,478$4,998$4,557$4,076
10 years$5,852$5,290$4,776$4,308$3,883$3,424
11 years$5,266$4,709$4,205$3,749$3,339$2,902
12 years$4,778$4,227$3,732$3,289$2,894$2,477
13 years$4,365$3,820$3,334$2,903$2,523$2,127
14 years$4,012$3,472$2,996$2,577$2,212$1,836
15 years$3,706$3,172$2,705$2,299$1,948$1,591
16 years$3,438$2,910$2,452$2,058$1,721$1,384
17 years$3,202$2,680$2,231$1,849$1,526$1,207
18 years$2,993$2,476$2,037$1,666$1,357$1,055
19 years$2,806$2,295$1,865$1,506$1,210$925
20 years$2,637$2,133$1,711$1,364$1,080$812
21 years$2,485$1,987$1,574$1,238$967$714
22 years$2,347$1,854$1,451$1,125$867$628
23 years$2,222$1,734$1,340$1,025$778$554
24 years$2,106$1,625$1,239$935$699$489
25 years$2,001$1,525$1,147$854$629$432
26 years$1,903$1,433$1,064$781$567$382
27 years$1,813$1,349$988$714$511$338
28 years$1,730$1,271$919$655$461$299
29 years$1,652$1,199$855$600$416$265
30 years$1,580$1,132$796$551$376$235
31 years$1,512$1,070$742$506$340$208
32 years$1,449$1,013$693$465$308$185
33 years$1,390$959$647$428$278$164
34 years$1,334$909$604$393$252$145
35 years$1,282$862$565$362$228$129
36 years$1,232$818$528$334$207$115
37 years$1,186$777$495$307$187$102
38 years$1,142$739$463$283$170$90
39 years$1,100$702$434$261$154$80
40 years$1,061$668$407$241$140$71
41 years$1,023$636$381$222$127$64
42 years$988$606$358$205$115$56
43 years$954$577$336$189$104$50
44 years$922$550$315$175$95$45
45 years$891$525$296$161$86$40
46 years$862$501$278$149$78$35
47 years$834$478$261$138$71$31
48 years$808$456$245$127$64$28
49 years$782$435$231$118$59$25
50 years$758$416$217$109$53$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $776,000, adding $3,008 every year, while hoping to spend $24,893 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: 24/48/28 Blend
69$776,000$776,000$776,000$776,000
70$858,255$817,127$805,099$871,232
71$919,311$830,680$805,584$896,043
72$985,760$844,063$805,250$920,307
73$1,058,127$857,241$804,045$945,783
74$1,136,987$870,178$801,912$972,588
75$1,222,976$882,832$798,792$1,000,851
76$1,316,791$895,162$794,623$1,030,720
77$1,419,200$907,122$789,340$1,062,354
78$1,531,051$918,663$782,875$1,095,934
79$1,653,273$929,733$775,157$1,131,660
80$1,786,894$940,276$766,111$1,169,752
81$1,933,040$950,233$755,659$1,210,457
82$2,092,956$959,540$743,719$1,254,048
83$2,268,009$968,130$730,206$1,300,828
84$2,459,708$975,930$715,029$1,351,133
85$2,669,711$982,863$698,096$1,405,338
86$2,899,847$988,849$679,307$1,463,854
87$3,152,128$993,799$658,560$1,527,143
88$3,428,771$997,621$635,748$1,595,711
89$3,732,218$1,000,217$610,759$1,670,124
90$4,065,159$1,001,483$583,474$1,751,005
91$4,430,556$1,001,306$553,771$1,839,047
92$4,831,672$999,569$521,521$1,935,017
93$5,272,102$996,147$486,591$2,039,762
94$5,755,805$990,907$448,841$2,154,224
95$6,287,143$983,707$408,123$2,279,441
96$6,870,921$974,399$364,284$2,416,567
97$7,512,433$962,822$317,166$2,566,874
98$8,217,510$948,810$266,600$2,731,772
99$8,992,578$932,183$212,413$2,912,820
100$9,844,715$912,754$154,423$3,111,743