Can I retire at age 70 with 779,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$64,329$63,756$63,197$62,651$62,119$60,765
2 years$31,846$31,253$30,678$30,121$29,580$28,223
3 years$21,020$20,424$19,851$19,299$18,767$17,449
4 years$15,608$15,014$14,446$13,904$13,385$12,116
5 years$12,361$11,771$11,211$10,679$10,175$8,959
6 years$10,198$9,612$9,060$8,540$8,051$6,889
7 years$8,653$8,072$7,529$7,021$6,548$5,440
8 years$7,495$6,919$6,385$5,890$5,432$4,378
9 years$6,595$6,025$5,500$5,017$4,574$3,574
10 years$5,875$5,310$4,795$4,325$3,898$2,949
11 years$5,286$4,727$4,221$3,764$3,352$2,455
12 years$4,796$4,243$3,746$3,301$2,905$2,057
13 years$4,382$3,835$3,347$2,915$2,533$1,733
14 years$4,027$3,485$3,007$2,587$2,221$1,467
15 years$3,720$3,184$2,715$2,307$1,955$1,246
16 years$3,451$2,921$2,462$2,066$1,728$1,062
17 years$3,215$2,690$2,240$1,856$1,532$907
18 years$3,004$2,486$2,045$1,673$1,362$777
19 years$2,816$2,304$1,872$1,512$1,214$666
20 years$2,648$2,141$1,718$1,369$1,085$572
21 years$2,495$1,994$1,580$1,243$971$492
22 years$2,356$1,862$1,456$1,130$870$424
23 years$2,230$1,741$1,345$1,029$781$366
24 years$2,115$1,631$1,244$938$702$315
25 years$2,008$1,531$1,152$857$632$272
26 years$1,911$1,439$1,068$784$569$235
27 years$1,820$1,354$992$717$513$203
28 years$1,736$1,276$922$657$463$176
29 years$1,658$1,204$858$603$418$152
30 years$1,586$1,137$799$553$378$132
31 years$1,518$1,075$745$508$341$114
32 years$1,455$1,017$695$467$309$99
33 years$1,395$963$649$429$279$85
34 years$1,339$913$607$395$253$74
35 years$1,287$866$567$364$229$64
36 years$1,237$822$531$335$208$56
37 years$1,191$780$497$309$188$48
38 years$1,146$742$465$284$171$42
39 years$1,105$705$436$262$155$36
40 years$1,065$671$408$242$140$31
41 years$1,027$639$383$223$127$27
42 years$992$608$359$206$116$24
43 years$958$580$337$190$105$20
44 years$926$552$316$176$95$18
45 years$895$527$297$162$86$15
46 years$865$503$279$150$78$13
47 years$837$480$262$138$71$12
48 years$811$458$246$128$65$10
49 years$785$437$232$118$59$9
50 years$761$418$218$109$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $779,000, adding $4,444 every year, while hoping to spend $36,238 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: 76/12/12 Blend
69$779,000$779,000$779,000$779,000
70$863,042$821,755$809,680$926,273
71$912,515$823,464$798,248$970,277
72$965,820$824,042$785,218$1,013,484
73$1,023,310$823,396$770,498$1,059,835
74$1,085,371$821,426$753,993$1,109,630
75$1,152,429$818,026$735,602$1,163,201
76$1,224,952$813,085$715,221$1,220,911
77$1,303,455$806,483$692,738$1,283,163
78$1,388,501$798,095$668,039$1,350,400
79$1,480,714$787,787$641,003$1,423,111
80$1,580,775$775,418$611,506$1,501,835
81$1,689,437$760,836$579,414$1,587,167
82$1,807,527$743,884$544,592$1,679,761
83$1,935,953$724,393$506,894$1,780,342
84$2,075,717$702,185$466,171$1,889,705
85$2,227,919$677,070$422,267$2,008,729
86$2,393,771$648,851$375,017$2,138,385
87$2,574,605$617,314$324,249$2,279,740
88$2,771,890$582,238$269,787$2,433,975
89$2,987,240$543,385$211,442$2,602,388
90$3,222,433$500,505$149,020$2,786,413
91$3,479,426$453,335$82,317$2,987,631
92$3,760,374$401,595$11,122$3,207,786
93$4,067,650$344,991$0$3,448,799
94$4,403,865$283,210$0$3,721,095
95$4,771,895$215,923$0$4,020,767
96$5,174,907$142,782$0$4,348,998
97$5,616,390$63,421$0$4,708,661
98$6,100,183$0$0$5,102,927
99$6,630,518$0$0$5,538,262
100$7,212,052$0$0$6,024,838