Can I retire at age 70 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$56,897$56,390$55,896$55,413$54,942$54,323
2 years$28,167$27,642$27,134$26,641$26,163$25,540
3 years$18,591$18,065$17,557$17,069$16,599$15,991
4 years$13,805$13,279$12,777$12,297$11,838$11,250
5 years$10,933$10,411$9,916$9,446$8,999$8,433
6 years$9,020$8,501$8,013$7,554$7,121$6,577
7 years$7,653$7,140$6,659$6,210$5,791$5,270
8 years$6,629$6,120$5,647$5,210$4,804$4,305
9 years$5,833$5,328$4,864$4,437$4,046$3,569
10 years$5,196$4,697$4,241$3,825$3,447$2,992
11 years$4,676$4,181$3,733$3,329$2,965$2,531
12 years$4,242$3,753$3,313$2,920$2,569$2,157
13 years$3,876$3,392$2,960$2,578$2,240$1,849
14 years$3,562$3,083$2,660$2,288$1,964$1,592
15 years$3,290$2,816$2,401$2,041$1,729$1,377
16 years$3,053$2,584$2,177$1,827$1,528$1,195
17 years$2,843$2,380$1,981$1,642$1,355$1,040
18 years$2,657$2,199$1,809$1,480$1,205$907
19 years$2,491$2,038$1,656$1,337$1,074$793
20 years$2,342$1,894$1,519$1,211$959$695
21 years$2,207$1,764$1,398$1,099$858$610
22 years$2,084$1,647$1,288$999$769$536
23 years$1,973$1,540$1,189$910$691$471
24 years$1,870$1,443$1,100$830$621$415
25 years$1,776$1,354$1,019$758$559$366
26 years$1,690$1,273$945$693$503$323
27 years$1,610$1,198$877$634$454$285
28 years$1,536$1,129$816$581$409$251
29 years$1,467$1,065$759$533$370$222
30 years$1,403$1,005$707$489$334$196
31 years$1,343$950$659$449$302$174
32 years$1,286$899$615$413$273$154
33 years$1,234$852$574$380$247$136
34 years$1,185$807$537$349$224$120
35 years$1,138$766$502$322$203$107
36 years$1,094$727$469$296$184$95
37 years$1,053$690$439$273$166$84
38 years$1,014$656$411$252$151$74
39 years$977$624$385$232$137$66
40 years$942$593$361$214$124$58
41 years$909$565$339$197$113$52
42 years$877$538$318$182$102$46
43 years$847$513$298$168$93$41
44 years$819$489$280$155$84$36
45 years$791$466$263$143$76$32
46 years$765$444$247$132$69$28
47 years$741$424$232$122$63$25
48 years$717$405$218$113$57$22
49 years$694$387$205$104$52$20
50 years$673$369$193$97$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $689,000, adding $3,303 every year, while hoping to spend $46,257 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: 81/11/8 Blend
69$689,000$689,000$689,000$689,000
70$762,685$726,168$715,489$823,428
71$791,262$712,533$690,240$850,048
72$821,203$696,680$662,596$872,800
73$852,599$678,451$632,426$896,372
74$885,548$657,679$599,596$920,821
75$920,156$634,187$563,965$946,211
76$956,540$607,790$525,385$972,610
77$994,824$578,288$483,703$1,000,097
78$1,035,145$545,474$438,756$1,028,755
79$1,077,653$509,125$390,378$1,058,679
80$1,122,510$469,008$338,391$1,089,972
81$1,169,893$424,877$282,614$1,122,749
82$1,219,994$376,468$222,855$1,157,136
83$1,273,026$323,507$158,912$1,193,273
84$1,329,217$265,702$90,578$1,231,314
85$1,388,820$202,743$17,635$1,271,431
86$1,452,108$134,307$0$1,313,813
87$1,519,384$60,049$0$1,363,809
88$1,590,975$0$0$1,418,451
89$1,667,242$0$0$1,478,978
90$1,748,579$0$0$1,551,289
91$1,835,417$0$0$1,628,503
92$1,928,230$0$0$1,711,040
93$2,027,536$0$0$1,799,364
94$2,133,905$0$0$1,893,981
95$2,247,959$0$0$1,995,448
96$2,370,383$0$0$2,104,376
97$2,501,928$0$0$2,221,434
98$2,643,418$0$0$2,347,358
99$2,795,758$0$0$2,482,955
100$2,959,943$0$0$2,629,113