Can I retire at age 70 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$64,659$64,083$63,522$62,973$62,438$61,152
2 years$32,010$31,413$30,836$30,276$29,732$28,443
3 years$21,128$20,529$19,953$19,398$18,863$17,610
4 years$15,688$15,091$14,520$13,975$13,453$12,247
5 years$12,425$11,832$11,268$10,734$10,227$9,070
6 years$10,250$9,661$9,107$8,584$8,092$6,986
7 years$8,697$8,114$7,568$7,058$6,581$5,526
8 years$7,533$6,955$6,418$5,920$5,460$4,455
9 years$6,629$6,055$5,528$5,043$4,598$3,643
10 years$5,905$5,338$4,819$4,347$3,918$3,012
11 years$5,314$4,752$4,243$3,783$3,369$2,511
12 years$4,821$4,265$3,765$3,318$2,920$2,109
13 years$4,404$3,854$3,364$2,930$2,546$1,780
14 years$4,048$3,503$3,023$2,601$2,232$1,510
15 years$3,739$3,200$2,729$2,319$1,965$1,285
16 years$3,469$2,936$2,474$2,077$1,737$1,098
17 years$3,231$2,704$2,252$1,866$1,540$940
18 years$3,020$2,499$2,055$1,682$1,369$806
19 years$2,831$2,316$1,882$1,519$1,220$693
20 years$2,661$2,152$1,727$1,376$1,090$597
21 years$2,508$2,005$1,588$1,249$976$515
22 years$2,369$1,871$1,464$1,136$874$444
23 years$2,242$1,750$1,352$1,034$785$384
24 years$2,125$1,640$1,250$943$706$332
25 years$2,019$1,539$1,158$861$635$287
26 years$1,920$1,446$1,074$788$572$249
27 years$1,829$1,361$997$721$516$216
28 years$1,745$1,283$927$661$465$187
29 years$1,667$1,210$863$606$420$162
30 years$1,594$1,143$803$556$380$141
31 years$1,526$1,080$749$511$343$122
32 years$1,462$1,022$699$469$310$106
33 years$1,402$968$653$431$281$92
34 years$1,346$917$610$397$254$80
35 years$1,293$870$570$365$230$69
36 years$1,244$826$533$337$209$60
37 years$1,197$784$499$310$189$52
38 years$1,152$745$467$286$172$46
39 years$1,110$709$438$264$156$40
40 years$1,070$674$410$243$141$34
41 years$1,033$642$385$224$128$30
42 years$997$611$361$207$116$26
43 years$963$583$339$191$105$23
44 years$930$555$318$176$96$20
45 years$899$529$299$163$87$17
46 years$870$505$280$150$79$15
47 years$842$482$263$139$72$13
48 years$815$460$248$128$65$11
49 years$789$439$233$119$59$10
50 years$764$420$219$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $783,000, adding $2,014 every year, while hoping to spend $25,443 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: 70/16/14 Blend
69$783,000$783,000$783,000$783,000
70$864,943$823,444$811,308$922,638
71$926,097$836,722$811,416$974,502
72$992,634$849,798$810,674$1,027,988
73$1,065,080$862,634$809,028$1,085,863
74$1,144,007$875,192$806,420$1,148,554
75$1,230,049$887,430$802,788$1,216,534
76$1,323,902$899,302$798,070$1,290,323
77$1,426,332$910,760$792,197$1,370,494
78$1,538,183$921,752$785,101$1,457,680
79$1,660,383$932,224$776,707$1,552,578
80$1,793,955$942,115$766,939$1,655,953
81$1,940,024$951,364$755,717$1,768,654
82$2,099,828$959,904$742,956$1,891,612
83$2,274,734$967,662$728,568$2,025,855
84$2,466,243$974,563$712,461$2,172,517
85$2,676,009$980,526$694,538$2,332,845
86$2,905,855$985,466$674,698$2,508,217
87$3,157,788$989,289$652,836$2,700,151
88$3,434,017$991,899$628,841$2,910,318
89$3,736,977$993,192$602,597$3,140,562
90$4,069,348$993,058$573,984$3,392,916
91$4,434,084$991,380$542,875$3,669,619
92$4,834,438$988,035$509,138$3,973,142
93$5,273,992$982,890$472,636$4,306,206
94$5,756,693$975,805$433,223$4,671,812
95$6,286,890$966,634$390,750$5,073,267
96$6,869,371$955,218$345,059$5,514,217
97$7,509,415$941,391$295,986$5,998,681
98$8,212,832$924,976$243,359$6,531,088
99$8,986,028$905,788$186,999$7,116,321
100$9,836,058$883,626$126,718$7,759,763