Can I retire at age 70 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$57,805$57,290$56,788$56,298$55,819$54,580
2 years$28,617$28,084$27,567$27,066$26,580$25,339
3 years$18,888$18,353$17,838$17,342$16,864$15,658
4 years$14,025$13,491$12,981$12,494$12,027$10,867
5 years$11,108$10,577$10,074$9,596$9,143$8,031
6 years$9,164$8,637$8,141$7,674$7,235$6,172
7 years$7,776$7,254$6,765$6,309$5,884$4,871
8 years$6,735$6,218$5,738$5,293$4,881$3,918
9 years$5,926$5,414$4,942$4,508$4,111$3,197
10 years$5,279$4,772$4,308$3,886$3,502$2,636
11 years$4,750$4,248$3,793$3,382$3,012$2,193
12 years$4,310$3,813$3,366$2,967$2,610$1,836
13 years$3,938$3,446$3,008$2,619$2,276$1,546
14 years$3,619$3,132$2,702$2,325$1,995$1,308
15 years$3,343$2,861$2,440$2,073$1,757$1,110
16 years$3,101$2,625$2,212$1,857$1,553$945
17 years$2,889$2,418$2,013$1,668$1,377$807
18 years$2,700$2,234$1,837$1,503$1,224$690
19 years$2,531$2,070$1,682$1,358$1,091$592
20 years$2,379$1,924$1,544$1,230$975$508
21 years$2,242$1,792$1,420$1,117$872$437
22 years$2,117$1,673$1,309$1,015$782$376
23 years$2,004$1,565$1,208$925$702$324
24 years$1,900$1,466$1,118$843$631$279
25 years$1,805$1,376$1,035$770$568$241
26 years$1,717$1,293$960$704$511$208
27 years$1,635$1,217$891$645$461$180
28 years$1,560$1,147$829$591$416$155
29 years$1,490$1,082$771$542$376$134
30 years$1,425$1,021$718$497$339$116
31 years$1,364$966$670$456$307$100
32 years$1,307$914$625$419$278$87
33 years$1,254$865$583$386$251$75
34 years$1,203$820$545$355$227$65
35 years$1,156$778$510$327$206$56
36 years$1,112$738$477$301$187$49
37 years$1,070$701$446$277$169$42
38 years$1,030$666$418$256$153$37
39 years$993$634$391$236$139$32
40 years$957$603$367$217$126$27
41 years$923$574$344$201$114$24
42 years$891$547$323$185$104$21
43 years$861$521$303$171$94$18
44 years$832$496$284$158$86$15
45 years$804$473$267$146$78$13
46 years$778$452$251$135$70$12
47 years$753$431$236$124$64$10
48 years$728$411$221$115$58$9
49 years$705$393$208$106$53$8
50 years$683$375$196$98$48$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $700,000, adding $4,636 every year, while hoping to spend $50,375 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: 68/26/6 Blend
69$700,000$700,000$700,000$700,000
70$776,182$739,082$728,232$827,972
71$801,754$721,698$699,029$845,493
72$828,246$701,775$667,160$858,077
73$855,699$679,133$632,481$870,470
74$884,155$653,586$594,844$882,643
75$913,661$624,934$554,094$894,568
76$944,265$592,966$510,067$906,214
77$976,019$557,461$462,593$917,547
78$1,008,979$518,182$411,495$928,535
79$1,043,202$474,880$356,588$939,143
80$1,078,753$427,294$297,678$949,333
81$1,115,698$375,143$234,562$959,068
82$1,154,109$318,135$167,030$968,310
83$1,194,063$255,958$94,860$977,016
84$1,235,642$188,286$17,824$985,146
85$1,278,937$114,770$0$992,657
86$1,324,040$35,046$0$1,003,628
87$1,371,056$0$0$1,015,376
88$1,420,095$0$0$1,041,402
89$1,471,275$0$0$1,079,037
90$1,524,724$0$0$1,118,350
91$1,580,582$0$0$1,159,445
92$1,638,998$0$0$1,202,433
93$1,700,134$0$0$1,247,434
94$1,764,166$0$0$1,294,580
95$1,831,283$0$0$1,344,011
96$1,901,693$0$0$1,395,883
97$1,975,618$0$0$1,450,360
98$2,053,302$0$0$1,507,626
99$2,135,009$0$0$1,567,876
100$2,221,026$0$0$1,631,326