Can I retire at age 70 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$55,741$55,244$54,760$54,287$53,825$52,956
2 years$27,594$27,081$26,582$26,100$25,631$24,757
3 years$18,214$17,697$17,201$16,722$16,261$15,411
4 years$13,524$13,009$12,518$12,047$11,598$10,777
5 years$10,711$10,200$9,714$9,254$8,816$8,027
6 years$8,836$8,329$7,851$7,400$6,976$6,220
7 years$7,498$6,994$6,524$6,084$5,673$4,950
8 years$6,494$5,996$5,533$5,104$4,707$4,017
9 years$5,714$5,220$4,765$4,347$3,964$3,306
10 years$5,091$4,601$4,155$3,747$3,377$2,752
11 years$4,581$4,096$3,658$3,261$2,905$2,311
12 years$4,156$3,677$3,246$2,861$2,517$1,954
13 years$3,797$3,323$2,900$2,526$2,195$1,662
14 years$3,489$3,020$2,606$2,242$1,924$1,420
15 years$3,223$2,759$2,353$1,999$1,694$1,218
16 years$2,991$2,531$2,133$1,790$1,497$1,048
17 years$2,785$2,331$1,941$1,608$1,328$904
18 years$2,603$2,154$1,772$1,450$1,180$782
19 years$2,440$1,996$1,622$1,310$1,052$678
20 years$2,294$1,855$1,489$1,186$940$589
21 years$2,162$1,728$1,369$1,077$841$512
22 years$2,042$1,613$1,262$979$754$446
23 years$1,932$1,509$1,165$892$677$388
24 years$1,832$1,414$1,078$813$608$339
25 years$1,740$1,327$998$743$547$296
26 years$1,655$1,247$926$679$493$258
27 years$1,577$1,173$860$621$444$226
28 years$1,504$1,106$799$569$401$198
29 years$1,437$1,043$744$522$362$173
30 years$1,374$985$693$479$327$151
31 years$1,315$931$646$440$296$133
32 years$1,260$881$602$404$268$116
33 years$1,209$834$563$372$242$102
34 years$1,160$791$526$342$219$89
35 years$1,115$750$491$315$199$78
36 years$1,072$712$460$290$180$69
37 years$1,032$676$430$267$163$60
38 years$993$643$403$246$148$53
39 years$957$611$378$227$134$46
40 years$923$581$354$210$122$41
41 years$890$553$332$193$110$36
42 years$859$527$311$178$100$31
43 years$830$502$292$165$91$27
44 years$802$479$274$152$82$24
45 years$775$456$257$140$75$21
46 years$750$435$242$130$68$19
47 years$726$416$227$120$62$16
48 years$702$397$213$111$56$14
49 years$680$379$201$102$51$13
50 years$659$362$189$95$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $675,000, adding $4,283 every year, while hoping to spend $58,656 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: 75/8/17 Blend
69$675,000$675,000$675,000$675,000
70$748,268$712,493$702,030$801,199
71$762,182$684,996$663,139$809,313
72$775,549$654,185$620,979$810,537
73$788,252$619,837$575,378$810,316
74$800,158$581,714$526,158$808,490
75$811,122$539,565$473,132$804,884
76$820,978$493,126$416,104$799,305
77$829,544$442,115$354,870$791,543
78$836,616$386,237$289,216$781,367
79$841,966$325,178$218,920$768,525
80$845,343$258,608$143,751$752,740
81$846,466$186,177$63,463$733,707
82$845,022$107,517$0$711,093
83$840,665$22,236$0$688,565
84$833,012$0$0$674,237
85$821,636$0$0$662,367
86$806,066$0$0$648,971
87$785,776$0$0$631,659
88$760,188$0$0$609,950
89$728,659$0$0$583,314
90$690,479$0$0$551,161
91$644,860$0$0$512,843
92$590,933$0$0$467,638
93$527,735$0$0$414,750
94$454,201$0$0$353,299
95$369,154$0$0$282,312
96$271,295$0$0$200,714
97$159,185$0$0$107,314
98$31,237$0$0$801
99$0$0$0$0
100$0$0$0$0