Can I retire at age 70 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$57,971$57,454$56,950$56,459$55,978$55,417
2 years$28,698$28,164$27,646$27,144$26,656$26,091
3 years$18,942$18,405$17,889$17,391$16,912$16,360
4 years$14,065$13,530$13,018$12,529$12,062$11,527
5 years$11,140$10,608$10,103$9,624$9,169$8,654
6 years$9,190$8,662$8,165$7,696$7,255$6,760
7 years$7,798$7,274$6,785$6,327$5,900$5,426
8 years$6,754$6,235$5,754$5,308$4,895$4,440
9 years$5,943$5,429$4,956$4,521$4,122$3,688
10 years$5,294$4,785$4,321$3,897$3,512$3,097
11 years$4,764$4,260$3,804$3,392$3,021$2,625
12 years$4,322$3,824$3,376$2,975$2,618$2,241
13 years$3,949$3,456$3,016$2,627$2,283$1,925
14 years$3,629$3,141$2,710$2,332$2,001$1,661
15 years$3,352$2,869$2,447$2,079$1,762$1,439
16 years$3,110$2,633$2,218$1,862$1,557$1,252
17 years$2,897$2,424$2,019$1,673$1,381$1,092
18 years$2,707$2,240$1,843$1,508$1,228$954
19 years$2,538$2,076$1,687$1,362$1,094$836
20 years$2,386$1,929$1,548$1,234$977$734
21 years$2,248$1,797$1,424$1,120$875$646
22 years$2,124$1,678$1,312$1,018$784$568
23 years$2,010$1,569$1,212$927$704$501
24 years$1,906$1,470$1,121$846$633$442
25 years$1,810$1,380$1,038$772$569$391
26 years$1,722$1,297$963$706$513$345
27 years$1,640$1,220$894$646$462$306
28 years$1,565$1,150$831$592$417$271
29 years$1,494$1,085$773$543$377$240
30 years$1,429$1,024$720$498$340$212
31 years$1,368$968$672$458$308$188
32 years$1,311$916$627$421$278$167
33 years$1,257$868$585$387$252$148
34 years$1,207$822$547$356$228$132
35 years$1,160$780$511$328$207$117
36 years$1,115$740$478$302$187$104
37 years$1,073$703$447$278$170$92
38 years$1,033$668$419$256$154$82
39 years$995$635$393$236$139$73
40 years$960$605$368$218$126$65
41 years$926$576$345$201$115$57
42 years$894$548$324$186$104$51
43 years$863$522$304$171$94$45
44 years$834$498$285$158$86$40
45 years$806$475$268$146$78$36
46 years$780$453$251$135$71$32
47 years$755$432$236$125$64$28
48 years$731$413$222$115$58$25
49 years$707$394$209$106$53$22
50 years$685$376$196$98$48$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $702,000, adding $5,585 every year, while hoping to spend $26,164 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: 68/6/26 Blend
69$702,000$702,000$702,000$702,000
70$779,365$742,159$731,278$826,771
71$831,022$750,686$727,937$867,842
72$887,071$758,755$723,608$909,258
73$947,932$766,314$718,229$953,969
74$1,014,069$773,311$711,737$1,002,301
75$1,085,989$779,688$704,065$1,054,612
76$1,164,252$785,385$695,144$1,111,301
77$1,249,473$790,337$684,899$1,172,805
78$1,342,331$794,475$673,255$1,239,606
79$1,443,572$797,727$660,131$1,312,238
80$1,554,014$800,014$645,444$1,391,288
81$1,674,563$801,254$629,106$1,477,404
82$1,806,212$801,358$611,024$1,571,301
83$1,950,056$800,235$591,104$1,673,768
84$2,107,299$797,784$569,243$1,785,675
85$2,279,269$793,901$545,338$1,907,980
86$2,467,426$788,474$519,279$2,041,744
87$2,673,379$781,385$490,950$2,188,131
88$2,898,899$772,507$460,232$2,348,430
89$3,145,936$761,710$426,999$2,524,060
90$3,416,638$748,850$391,121$2,716,588
91$3,713,371$733,780$352,459$2,927,739
92$4,038,740$716,341$310,872$3,159,417
93$4,395,615$696,365$266,210$3,413,723
94$4,787,157$673,676$218,317$3,692,971
95$5,216,846$648,085$167,029$3,999,716
96$5,688,518$619,394$112,178$4,336,772
97$6,206,395$587,394$53,585$4,707,245
98$6,775,133$551,861$0$5,114,557
99$7,399,856$512,561$0$5,564,964
100$8,086,210$469,246$0$6,076,172