Can I retire at age 70 with 701,000?

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 $701,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$57,888$57,372$56,869$56,378$55,899$55,546
2 years$28,657$28,124$27,606$27,105$26,618$26,263
3 years$18,915$18,379$17,863$17,366$16,888$16,540
4 years$14,045$13,511$13,000$12,511$12,045$11,708
5 years$11,124$10,592$10,088$9,610$9,156$8,831
6 years$9,177$8,650$8,153$7,685$7,245$6,932
7 years$7,787$7,264$6,775$6,318$5,892$5,591
8 years$6,745$6,226$5,746$5,300$4,888$4,599
9 years$5,934$5,421$4,949$4,515$4,116$3,840
10 years$5,287$4,779$4,315$3,892$3,507$3,243
11 years$4,757$4,254$3,798$3,387$3,016$2,764
12 years$4,316$3,818$3,371$2,971$2,614$2,373
13 years$3,943$3,451$3,012$2,623$2,279$2,049
14 years$3,624$3,136$2,706$2,328$1,998$1,779
15 years$3,347$2,865$2,443$2,076$1,759$1,551
16 years$3,106$2,629$2,215$1,859$1,555$1,357
17 years$2,893$2,421$2,016$1,670$1,379$1,191
18 years$2,703$2,237$1,840$1,505$1,226$1,048
19 years$2,534$2,073$1,685$1,360$1,093$924
20 years$2,382$1,927$1,546$1,232$976$817
21 years$2,245$1,795$1,422$1,118$873$723
22 years$2,121$1,675$1,311$1,017$783$641
23 years$2,007$1,567$1,210$926$703$569
24 years$1,903$1,468$1,119$844$632$506
25 years$1,807$1,378$1,037$771$568$450
26 years$1,719$1,295$961$705$512$401
27 years$1,638$1,219$893$645$462$357
28 years$1,562$1,148$830$591$417$318
29 years$1,492$1,083$772$542$376$284
30 years$1,427$1,023$719$498$340$254
31 years$1,366$967$671$457$307$226
32 years$1,309$915$626$420$278$202
33 years$1,255$867$584$386$252$181
34 years$1,205$821$546$355$228$162
35 years$1,158$779$510$327$206$145
36 years$1,113$739$477$301$187$129
37 years$1,071$702$447$278$169$116
38 years$1,032$667$418$256$154$104
39 years$994$635$392$236$139$93
40 years$958$604$367$218$126$83
41 years$925$575$345$201$115$74
42 years$892$547$323$185$104$67
43 years$862$522$303$171$94$60
44 years$833$497$285$158$86$54
45 years$805$474$267$146$78$48
46 years$779$452$251$135$71$43
47 years$754$432$236$124$64$39
48 years$729$412$222$115$58$35
49 years$706$393$208$106$53$31
50 years$684$376$196$98$48$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $701,000, adding $3,971 every year, while hoping to spend $33,818 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: 46/26/28 Blend
69$701,000$701,000$701,000$701,000
70$776,598$739,445$728,580$805,903
71$819,829$739,696$717,005$827,303
72$866,336$738,825$703,909$846,930
73$916,418$736,743$689,205$867,575
74$970,402$733,353$672,803$889,353
75$1,028,648$728,553$654,607$912,390
76$1,091,552$722,234$634,519$936,830
77$1,159,549$714,282$612,434$962,831
78$1,233,117$704,575$588,244$990,570
79$1,312,780$692,985$561,836$1,020,247
80$1,399,116$679,374$533,090$1,052,082
81$1,492,760$663,597$501,882$1,086,322
82$1,594,410$645,502$468,084$1,123,241
83$1,704,835$624,926$431,559$1,163,146
84$1,824,878$601,697$392,166$1,206,377
85$1,955,469$575,634$349,758$1,253,313
86$2,097,631$546,544$304,178$1,304,374
87$2,252,488$514,224$255,267$1,360,030
88$2,421,279$478,458$202,856$1,420,801
89$2,605,367$439,020$146,769$1,487,264
90$2,806,251$395,668$86,822$1,560,062
91$3,025,581$348,149$22,824$1,639,906
92$3,265,176$296,194$0$1,727,586
93$3,527,036$239,519$0$1,837,566
94$3,813,362$177,825$0$1,965,390
95$4,126,581$110,794$0$2,105,375
96$4,469,363$38,093$0$2,258,784
97$4,844,647$0$0$2,427,009
98$5,255,671$0$0$2,623,215
99$5,706,002$0$0$2,850,206
100$6,199,565$0$0$3,099,071