Can I retire at age 70 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$64,247$63,674$63,116$62,571$62,039$61,289
2 years$31,805$31,213$30,639$30,082$29,542$28,788
3 years$20,993$20,398$19,825$19,274$18,743$18,007
4 years$15,588$14,995$14,428$13,886$13,368$12,656
5 years$12,346$11,756$11,197$10,666$10,162$9,477
6 years$10,185$9,600$9,048$8,529$8,041$7,383
7 years$8,642$8,062$7,519$7,012$6,539$5,909
8 years$7,485$6,910$6,377$5,883$5,425$4,822
9 years$6,586$6,017$5,492$5,011$4,569$3,993
10 years$5,867$5,303$4,788$4,319$3,893$3,344
11 years$5,280$4,721$4,216$3,759$3,348$2,825
12 years$4,790$4,238$3,741$3,297$2,901$2,404
13 years$4,376$3,830$3,343$2,911$2,530$2,058
14 years$4,022$3,481$3,003$2,584$2,218$1,770
15 years$3,715$3,180$2,712$2,304$1,953$1,529
16 years$3,447$2,918$2,458$2,063$1,726$1,325
17 years$3,210$2,687$2,237$1,854$1,530$1,151
18 years$3,000$2,483$2,042$1,671$1,361$1,003
19 years$2,813$2,301$1,870$1,510$1,213$876
20 years$2,644$2,138$1,716$1,367$1,083$766
21 years$2,492$1,992$1,578$1,241$969$671
22 years$2,353$1,859$1,455$1,128$869$589
23 years$2,227$1,739$1,343$1,028$780$517
24 years$2,112$1,629$1,242$937$701$455
25 years$2,006$1,529$1,150$856$631$400
26 years$1,908$1,437$1,067$783$568$352
27 years$1,818$1,352$991$716$512$310
28 years$1,734$1,274$921$656$462$274
29 years$1,656$1,202$857$602$417$241
30 years$1,584$1,135$798$552$377$213
31 years$1,516$1,073$744$507$341$188
32 years$1,453$1,016$694$466$308$166
33 years$1,393$962$648$429$279$147
34 years$1,338$911$606$394$253$130
35 years$1,285$865$566$363$229$115
36 years$1,236$821$530$334$207$102
37 years$1,189$779$496$308$188$90
38 years$1,145$741$464$284$170$79
39 years$1,103$704$435$262$155$70
40 years$1,064$670$408$242$140$62
41 years$1,026$638$382$223$127$55
42 years$991$607$359$206$115$49
43 years$957$579$337$190$105$43
44 years$924$552$316$175$95$38
45 years$894$526$297$162$86$34
46 years$864$502$279$150$78$30
47 years$836$479$262$138$71$26
48 years$810$457$246$128$65$23
49 years$784$437$231$118$59$21
50 years$760$417$217$109$53$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $778,000, adding $3,068 every year, while hoping to spend $42,878 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: 56/17/27 Blend
69$778,000$778,000$778,000$778,000
70$860,521$819,287$807,228$902,165
71$902,672$813,810$788,648$925,650
72$947,685$806,628$768,009$946,496
73$995,808$797,611$745,196$968,330
74$1,047,310$786,624$720,089$991,262
75$1,102,488$773,521$692,565$1,015,414
76$1,161,668$758,149$662,491$1,040,922
77$1,225,205$740,345$629,732$1,067,942
78$1,293,492$719,939$594,144$1,096,642
79$1,366,959$696,746$555,579$1,127,216
80$1,446,078$670,576$513,880$1,159,876
81$1,531,368$641,224$468,884$1,194,861
82$1,623,397$608,473$420,422$1,232,436
83$1,722,791$572,097$368,314$1,272,898
84$1,830,239$531,853$312,376$1,316,576
85$1,946,496$487,486$252,413$1,363,836
86$2,072,393$438,727$188,223$1,415,088
87$2,208,843$385,290$119,594$1,470,784
88$2,356,850$326,874$46,306$1,531,430
89$2,517,519$263,162$0$1,597,586
90$2,692,065$193,816$0$1,679,068
91$2,881,824$118,481$0$1,782,208
92$3,088,266$36,783$0$1,894,491
93$3,313,009$0$0$2,016,846
94$3,557,833$0$0$2,159,962
95$3,824,696$0$0$2,323,526
96$4,115,753$0$0$2,501,985
97$4,433,379$0$0$2,696,803
98$4,780,183$0$0$2,909,591
99$5,159,041$0$0$3,142,120
100$5,573,118$0$0$3,396,344