Can I retire at age 70 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$56,402$55,899$55,409$54,931$54,463$53,298
2 years$27,922$27,402$26,898$26,409$25,935$24,767
3 years$18,429$17,907$17,404$16,920$16,454$15,320
4 years$13,684$13,164$12,666$12,190$11,735$10,643
5 years$10,838$10,320$9,829$9,363$8,921$7,874
6 years$8,941$8,427$7,944$7,488$7,059$6,058
7 years$7,587$7,077$6,601$6,156$5,741$4,786
8 years$6,571$6,067$5,598$5,164$4,762$3,854
9 years$5,782$5,282$4,822$4,399$4,011$3,148
10 years$5,151$4,656$4,204$3,792$3,417$2,600
11 years$4,635$4,145$3,701$3,300$2,939$2,165
12 years$4,205$3,720$3,284$2,895$2,547$1,815
13 years$3,842$3,362$2,934$2,555$2,221$1,530
14 years$3,531$3,056$2,637$2,268$1,947$1,296
15 years$3,261$2,792$2,381$2,023$1,714$1,102
16 years$3,026$2,561$2,158$1,811$1,515$940
17 years$2,818$2,359$1,964$1,628$1,343$803
18 years$2,634$2,180$1,793$1,467$1,194$688
19 years$2,469$2,020$1,641$1,325$1,065$591
20 years$2,321$1,877$1,506$1,200$951$508
21 years$2,188$1,749$1,385$1,089$851$437
22 years$2,066$1,632$1,277$991$763$377
23 years$1,955$1,527$1,179$902$685$325
24 years$1,854$1,430$1,090$823$615$281
25 years$1,761$1,342$1,010$751$554$243
26 years$1,675$1,261$937$687$499$210
27 years$1,596$1,187$870$629$450$182
28 years$1,522$1,119$809$576$406$157
29 years$1,454$1,055$752$528$366$136
30 years$1,390$997$701$485$331$118
31 years$1,331$942$653$445$299$102
32 years$1,275$892$610$409$271$88
33 years$1,223$844$569$376$245$77
34 years$1,174$800$532$346$222$66
35 years$1,128$759$497$319$201$58
36 years$1,085$720$465$294$182$50
37 years$1,044$684$435$271$165$43
38 years$1,005$650$408$249$150$38
39 years$968$618$382$230$136$33
40 years$934$588$358$212$123$28
41 years$901$560$336$196$112$25
42 years$870$533$315$181$101$21
43 years$840$508$296$167$92$18
44 years$812$484$277$154$83$16
45 years$785$462$260$142$76$14
46 years$759$441$245$131$69$12
47 years$734$420$230$121$62$10
48 years$711$401$216$112$57$9
49 years$688$383$203$104$52$8
50 years$667$366$191$96$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $683,000, adding $4,442 every year, while hoping to spend $34,774 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: 51/22/27 Blend
69$683,000$683,000$683,000$683,000
70$757,248$721,049$710,462$789,914
71$797,488$719,381$697,264$811,449
72$840,667$716,466$682,457$830,996
73$887,048$712,206$665,953$851,561
74$936,920$706,497$647,655$873,255
75$990,600$699,229$627,465$896,205
76$1,048,435$690,286$605,280$920,550
77$1,110,809$679,543$580,990$946,446
78$1,178,141$666,871$554,483$974,068
79$1,250,893$652,129$525,640$1,003,609
80$1,329,573$635,171$494,337$1,035,287
81$1,414,736$615,842$460,444$1,069,343
82$1,506,997$593,976$423,827$1,106,046
83$1,607,029$569,399$384,344$1,145,695
84$1,715,574$541,928$341,847$1,188,622
85$1,833,446$511,365$296,182$1,235,198
86$1,961,542$477,507$247,189$1,285,834
87$2,100,847$440,133$194,698$1,340,988
88$2,252,448$399,013$138,534$1,401,166
89$2,417,537$353,904$78,515$1,466,933
90$2,597,428$304,548$14,447$1,538,914
91$2,793,568$250,673$0$1,617,803
92$3,007,546$191,990$0$1,719,905
93$3,241,115$128,197$0$1,835,990
94$3,496,202$58,972$0$1,962,900
95$3,774,930$0$0$2,101,750
96$4,079,634$0$0$2,257,649
97$4,412,887$0$0$2,443,836
98$4,777,522$0$0$2,647,625
99$5,176,657$0$0$2,870,767
100$5,613,727$0$0$3,115,193