Can I retire at age 70 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$64,494$63,920$63,359$62,812$62,278$60,625
2 years$31,928$31,333$30,757$30,198$29,656$28,002
3 years$21,074$20,477$19,902$19,348$18,815$17,212
4 years$15,648$15,052$14,483$13,939$13,419$11,879
5 years$12,393$11,801$11,240$10,707$10,201$8,729
6 years$10,224$9,637$9,083$8,562$8,072$6,668
7 years$8,675$8,093$7,548$7,040$6,564$5,230
8 years$7,514$6,937$6,402$5,905$5,446$4,180
9 years$6,612$6,040$5,514$5,030$4,586$3,387
10 years$5,890$5,324$4,807$4,336$3,908$2,775
11 years$5,300$4,740$4,232$3,774$3,361$2,292
12 years$4,809$4,254$3,756$3,310$2,912$1,905
13 years$4,393$3,844$3,356$2,922$2,540$1,592
14 years$4,037$3,494$3,015$2,594$2,226$1,337
15 years$3,729$3,192$2,722$2,313$1,960$1,126
16 years$3,460$2,929$2,468$2,071$1,732$951
17 years$3,223$2,697$2,246$1,861$1,536$806
18 years$3,012$2,492$2,050$1,677$1,366$684
19 years$2,824$2,310$1,877$1,516$1,217$581
20 years$2,654$2,147$1,722$1,373$1,087$495
21 years$2,501$1,999$1,584$1,246$973$422
22 years$2,363$1,866$1,460$1,133$872$360
23 years$2,236$1,746$1,348$1,032$783$307
24 years$2,120$1,636$1,247$941$704$263
25 years$2,014$1,535$1,155$859$633$225
26 years$1,915$1,443$1,071$786$570$192
27 years$1,825$1,358$995$719$514$165
28 years$1,741$1,279$925$659$464$141
29 years$1,663$1,207$860$604$419$121
30 years$1,590$1,140$801$554$379$103
31 years$1,522$1,077$747$509$342$89
32 years$1,458$1,019$697$468$310$76
33 years$1,399$965$651$430$280$65
34 years$1,343$915$608$396$254$56
35 years$1,290$868$569$365$230$48
36 years$1,240$824$532$336$208$41
37 years$1,194$782$498$309$189$35
38 years$1,149$744$466$285$171$30
39 years$1,107$707$437$263$155$26
40 years$1,068$673$409$242$141$22
41 years$1,030$640$384$224$128$19
42 years$994$610$360$206$116$16
43 years$960$581$338$191$105$14
44 years$928$554$317$176$95$12
45 years$897$528$298$163$87$10
46 years$868$504$280$150$79$9
47 years$840$481$263$139$71$8
48 years$813$459$247$128$65$7
49 years$787$438$232$118$59$6
50 years$763$419$218$109$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $781,000, adding $5,285 every year, while hoping to spend $21,065 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: 49/43/8 Blend
69$781,000$781,000$781,000$781,000
70$866,113$824,720$812,615$906,476
71$932,044$842,719$817,425$952,647
72$1,003,994$860,893$821,689$1,000,101
73$1,082,554$879,230$825,369$1,051,151
74$1,168,376$897,713$828,420$1,106,138
75$1,262,177$916,328$830,799$1,165,439
76$1,364,746$935,055$832,458$1,229,468
77$1,476,953$953,876$833,348$1,298,682
78$1,599,755$972,769$833,418$1,373,583
79$1,734,206$991,710$832,613$1,454,725
80$1,881,465$1,010,674$830,876$1,542,720
81$2,042,812$1,029,634$828,148$1,638,239
82$2,219,653$1,048,561$824,365$1,742,026
83$2,413,539$1,067,422$819,463$1,854,896
84$2,626,177$1,086,183$813,372$1,977,751
85$2,859,448$1,104,806$806,021$2,111,583
86$3,115,422$1,123,253$797,333$2,257,486
87$3,396,382$1,141,478$787,230$2,416,667
88$3,704,840$1,159,438$775,629$2,590,456
89$4,043,564$1,177,081$762,443$2,780,316
90$4,415,604$1,194,355$747,582$2,987,865
91$4,824,320$1,211,202$730,950$3,214,881
92$5,273,412$1,227,562$712,449$3,463,329
93$5,766,957$1,243,370$691,973$3,735,370
94$6,309,448$1,258,556$669,414$4,033,392
95$6,905,831$1,273,045$644,659$4,360,022
96$7,561,559$1,286,757$617,589$4,718,159
97$8,282,638$1,299,609$588,078$5,110,997
98$9,075,687$1,311,509$555,998$5,542,059
99$9,947,995$1,322,361$521,212$6,015,227
100$10,907,596$1,332,062$483,578$6,534,781