Can I retire at age 70 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$56,154$55,654$55,166$54,689$54,224$53,260
2 years$27,799$27,281$26,779$26,293$25,821$24,853
3 years$18,349$17,829$17,328$16,846$16,382$15,440
4 years$13,624$13,106$12,610$12,137$11,684$10,775
5 years$10,790$10,275$9,786$9,322$8,882$8,010
6 years$8,902$8,390$7,909$7,455$7,028$6,193
7 years$7,553$7,046$6,572$6,129$5,716$4,918
8 years$6,542$6,040$5,574$5,142$4,742$3,981
9 years$5,757$5,259$4,801$4,379$3,993$3,269
10 years$5,128$4,635$4,185$3,775$3,402$2,714
11 years$4,615$4,127$3,685$3,286$2,926$2,273
12 years$4,187$3,704$3,270$2,882$2,536$1,917
13 years$3,825$3,347$2,922$2,544$2,211$1,626
14 years$3,515$3,043$2,625$2,258$1,938$1,386
15 years$3,247$2,779$2,370$2,014$1,707$1,185
16 years$3,013$2,550$2,149$1,803$1,508$1,017
17 years$2,806$2,348$1,955$1,620$1,337$875
18 years$2,622$2,170$1,785$1,460$1,189$755
19 years$2,459$2,011$1,634$1,320$1,060$652
20 years$2,311$1,869$1,500$1,195$947$565
21 years$2,178$1,741$1,379$1,085$847$490
22 years$2,057$1,625$1,271$986$759$425
23 years$1,947$1,520$1,174$898$682$369
24 years$1,846$1,424$1,086$819$613$321
25 years$1,753$1,336$1,005$748$551$279
26 years$1,668$1,256$933$684$497$243
27 years$1,589$1,182$866$626$448$212
28 years$1,516$1,114$805$574$404$185
29 years$1,448$1,051$749$526$365$161
30 years$1,384$992$698$483$330$141
31 years$1,325$938$651$443$298$123
32 years$1,270$888$607$407$270$107
33 years$1,218$841$567$375$244$94
34 years$1,169$797$530$345$221$82
35 years$1,123$756$495$317$200$71
36 years$1,080$717$463$292$181$62
37 years$1,039$681$433$269$164$55
38 years$1,001$647$406$248$149$48
39 years$964$616$380$229$135$42
40 years$930$586$356$211$123$36
41 years$897$558$334$195$111$32
42 years$866$531$314$180$101$28
43 years$836$506$294$166$92$24
44 years$808$482$276$153$83$21
45 years$781$460$259$141$75$19
46 years$755$439$244$131$68$16
47 years$731$419$229$121$62$14
48 years$708$400$215$112$56$12
49 years$685$382$202$103$51$11
50 years$664$365$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $680,000, adding $2,006 every year, while hoping to spend $42,055 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: 88/6/6 Blend
69$680,000$680,000$680,000$680,000
70$751,429$715,389$704,849$817,244
71$783,329$705,697$683,715$850,693
72$817,073$694,121$660,464$881,379
73$852,804$680,523$634,980$913,732
74$890,681$664,759$607,143$947,887
75$930,874$646,676$576,826$983,993
76$973,572$626,111$543,897$1,022,214
77$1,018,978$602,893$508,220$1,062,730
78$1,067,318$576,839$469,650$1,105,737
79$1,118,838$547,757$428,036$1,151,454
80$1,173,806$515,444$383,222$1,200,118
81$1,232,517$479,684$335,043$1,251,992
82$1,295,296$440,250$283,329$1,307,365
83$1,362,494$396,901$227,899$1,366,554
84$1,434,503$349,383$168,567$1,429,909
85$1,511,746$297,427$105,139$1,497,813
86$1,594,693$240,749$37,409$1,570,690
87$1,683,855$179,050$0$1,649,006
88$1,779,797$112,012$0$1,735,505
89$1,883,138$39,302$0$1,831,222
90$1,994,555$0$0$1,934,395
91$2,114,796$0$0$2,048,329
92$2,244,681$0$0$2,174,207
93$2,385,111$0$0$2,310,308
94$2,537,076$0$0$2,457,594
95$2,701,665$0$0$2,617,118
96$2,880,075$0$0$2,790,044
97$3,073,622$0$0$2,977,645
98$3,283,755$0$0$3,181,328
99$3,512,064$0$0$3,402,634
100$3,760,302$0$0$3,643,264