Can I retire at age 70 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$58,383$57,863$57,356$56,861$56,377$55,352
2 years$28,903$28,364$27,843$27,337$26,846$25,817
3 years$19,077$18,536$18,016$17,515$17,032$16,031
4 years$14,165$13,626$13,111$12,619$12,148$11,182
5 years$11,219$10,683$10,175$9,692$9,234$8,308
6 years$9,255$8,724$8,223$7,751$7,307$6,420
7 years$7,853$7,326$6,833$6,373$5,942$5,095
8 years$6,802$6,280$5,795$5,346$4,930$4,122
9 years$5,985$5,468$4,991$4,553$4,152$3,383
10 years$5,332$4,819$4,351$3,925$3,537$2,807
11 years$4,798$4,291$3,831$3,416$3,042$2,350
12 years$4,353$3,851$3,400$2,996$2,636$1,980
13 years$3,977$3,480$3,038$2,645$2,299$1,679
14 years$3,655$3,163$2,729$2,348$2,015$1,429
15 years$3,376$2,890$2,464$2,094$1,774$1,222
16 years$3,132$2,651$2,234$1,875$1,568$1,048
17 years$2,917$2,442$2,033$1,685$1,390$901
18 years$2,727$2,256$1,856$1,518$1,236$777
19 years$2,556$2,091$1,699$1,372$1,102$671
20 years$2,403$1,943$1,559$1,243$984$580
21 years$2,264$1,810$1,434$1,128$881$502
22 years$2,139$1,690$1,322$1,025$790$436
23 years$2,024$1,580$1,220$934$709$378
24 years$1,919$1,481$1,129$852$637$329
25 years$1,823$1,389$1,045$778$573$286
26 years$1,734$1,306$970$711$516$249
27 years$1,652$1,229$900$651$466$217
28 years$1,576$1,158$837$596$420$189
29 years$1,505$1,092$779$547$379$164
30 years$1,439$1,032$725$502$343$143
31 years$1,378$975$676$461$310$125
32 years$1,320$923$631$424$280$109
33 years$1,266$874$589$390$254$95
34 years$1,215$828$551$358$230$83
35 years$1,168$786$515$330$208$73
36 years$1,123$746$481$304$188$63
37 years$1,080$708$451$280$171$55
38 years$1,040$673$422$258$155$48
39 years$1,003$640$395$238$140$42
40 years$967$609$371$219$127$37
41 years$932$580$348$203$116$32
42 years$900$552$326$187$105$28
43 years$869$526$306$173$95$25
44 years$840$501$287$159$86$21
45 years$812$478$270$147$78$19
46 years$785$456$253$136$71$16
47 years$760$435$238$126$65$14
48 years$736$415$224$116$59$13
49 years$713$397$210$107$53$11
50 years$690$379$198$99$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $707,000, adding $2,877 every year, while hoping to spend $59,271 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: 32/50/18 Blend
69$707,000$707,000$707,000$707,000
70$782,082$744,611$733,652$802,635
71$798,790$718,033$695,166$791,599
72$815,216$688,166$653,403$774,083
73$831,269$654,787$608,193$753,955
74$846,845$617,658$559,354$731,022
75$861,830$576,530$506,699$705,077
76$876,094$531,138$450,031$675,899
77$889,494$481,201$389,145$643,253
78$901,868$426,425$323,827$606,886
79$913,035$366,497$253,852$566,530
80$922,796$301,087$178,988$521,898
81$930,926$229,845$98,989$472,683
82$937,177$152,404$13,601$418,556
83$941,271$68,374$0$359,165
84$942,901$0$0$309,026
85$941,723$0$0$269,067
86$937,359$0$0$265,543
87$929,387$0$0$260,684
88$917,339$0$0$254,323
89$900,696$0$0$246,275
90$878,883$0$0$236,336
91$851,265$0$0$224,278
92$817,136$0$0$209,852
93$775,716$0$0$192,779
94$726,141$0$0$172,752
95$667,455$0$0$149,433
96$598,601$0$0$122,445
97$518,411$0$0$91,374
98$425,592$0$0$55,763
99$318,716$0$0$15,103
100$196,205$0$0$0