Can I retire at age 70 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$56,814$56,308$55,815$55,333$54,862$53,148
2 years$28,126$27,602$27,094$26,602$26,125$24,414
3 years$18,564$18,038$17,532$17,044$16,575$14,920
4 years$13,785$13,260$12,759$12,279$11,821$10,235
5 years$10,917$10,396$9,901$9,432$8,986$7,473
6 years$9,007$8,489$8,002$7,543$7,111$5,672
7 years$7,642$7,129$6,649$6,201$5,783$4,418
8 years$6,619$6,111$5,639$5,202$4,797$3,506
9 years$5,824$5,321$4,857$4,431$4,040$2,821
10 years$5,189$4,690$4,235$3,820$3,442$2,293
11 years$4,669$4,175$3,728$3,324$2,961$1,879
12 years$4,236$3,747$3,309$2,916$2,566$1,550
13 years$3,870$3,387$2,956$2,574$2,237$1,285
14 years$3,557$3,078$2,656$2,285$1,961$1,070
15 years$3,285$2,812$2,398$2,038$1,727$894
16 years$3,048$2,580$2,174$1,825$1,526$749
17 years$2,839$2,376$1,978$1,639$1,353$629
18 years$2,653$2,196$1,806$1,477$1,203$529
19 years$2,487$2,035$1,653$1,335$1,072$445
20 years$2,338$1,891$1,517$1,209$958$376
21 years$2,204$1,761$1,396$1,097$857$317
22 years$2,081$1,644$1,286$998$768$268
23 years$1,970$1,538$1,188$909$690$227
24 years$1,868$1,441$1,098$829$620$192
25 years$1,774$1,352$1,017$757$558$163
26 years$1,687$1,271$944$692$502$138
27 years$1,607$1,196$876$633$453$117
28 years$1,533$1,127$814$580$409$99
29 years$1,465$1,063$758$532$369$84
30 years$1,400$1,004$706$488$334$71
31 years$1,341$949$658$449$302$61
32 years$1,285$898$614$412$273$51
33 years$1,232$850$573$379$247$44
34 years$1,183$806$536$349$223$37
35 years$1,136$765$501$321$202$31
36 years$1,093$726$469$296$183$27
37 years$1,051$689$439$272$166$23
38 years$1,012$655$411$251$151$19
39 years$976$623$385$232$137$16
40 years$941$593$361$214$124$14
41 years$907$564$338$197$112$12
42 years$876$537$317$182$102$10
43 years$846$512$298$168$93$9
44 years$817$488$279$155$84$7
45 years$790$465$262$143$76$6
46 years$764$444$246$132$69$5
47 years$740$424$232$122$63$4
48 years$716$404$218$113$57$4
49 years$693$386$204$104$52$3
50 years$672$369$192$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $688,000, adding $5,471 every year, while hoping to spend $40,711 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: 44/39/17 Blend
69$688,000$688,000$688,000$688,000
70$763,819$727,355$716,691$793,455
71$798,413$719,680$697,384$807,108
72$835,170$710,263$676,066$817,428
73$874,269$698,978$652,626$827,749
74$915,905$685,688$626,949$838,091
75$960,290$670,249$598,915$848,475
76$1,007,658$652,510$568,396$858,930
77$1,058,263$632,307$535,262$869,493
78$1,112,387$609,471$499,375$880,203
79$1,170,336$583,821$460,589$891,112
80$1,232,448$555,166$418,756$902,277
81$1,299,091$523,302$373,718$913,768
82$1,370,671$488,017$325,310$925,664
83$1,447,633$449,083$273,362$938,060
84$1,530,465$406,262$217,693$951,063
85$1,619,704$359,300$158,118$964,796
86$1,715,940$307,932$94,440$979,402
87$1,819,818$251,873$26,457$995,044
88$1,932,052$190,826$0$1,011,906
89$2,053,421$124,477$0$1,038,562
90$2,184,785$52,492$0$1,072,556
91$2,327,089$0$0$1,109,396
92$2,481,370$0$0$1,160,370
93$2,648,772$0$0$1,240,191
94$2,830,548$0$0$1,326,941
95$3,028,082$0$0$1,421,286
96$3,242,891$0$0$1,523,964
97$3,476,649$0$0$1,635,782
98$3,731,193$0$0$1,757,631
99$4,008,549$0$0$1,890,491
100$4,310,943$0$0$2,035,441