Can I retire at age 70 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$58,466$57,945$57,437$56,941$56,457$55,453
2 years$28,944$28,405$27,882$27,376$26,884$25,876
3 years$19,104$18,563$18,042$17,540$17,056$16,076
4 years$14,185$13,646$13,130$12,636$12,165$11,219
5 years$11,235$10,698$10,189$9,706$9,248$8,339
6 years$9,268$8,736$8,234$7,762$7,317$6,448
7 years$7,864$7,336$6,843$6,382$5,951$5,120
8 years$6,812$6,289$5,803$5,353$4,937$4,145
9 years$5,994$5,475$4,998$4,560$4,158$3,404
10 years$5,339$4,826$4,358$3,931$3,542$2,826
11 years$4,805$4,297$3,836$3,421$3,047$2,367
12 years$4,359$3,856$3,405$3,001$2,640$1,996
13 years$3,983$3,485$3,042$2,649$2,302$1,693
14 years$3,660$3,168$2,733$2,351$2,018$1,443
15 years$3,381$2,894$2,468$2,097$1,777$1,234
16 years$3,137$2,655$2,237$1,878$1,570$1,059
17 years$2,922$2,445$2,036$1,687$1,392$911
18 years$2,730$2,259$1,858$1,520$1,238$786
19 years$2,560$2,094$1,701$1,374$1,104$679
20 years$2,406$1,946$1,561$1,244$986$588
21 years$2,268$1,813$1,436$1,129$882$510
22 years$2,142$1,692$1,324$1,027$791$442
23 years$2,027$1,582$1,222$935$710$384
24 years$1,922$1,483$1,130$853$638$334
25 years$1,825$1,391$1,047$779$574$291
26 years$1,736$1,308$971$712$517$253
27 years$1,654$1,231$902$652$466$221
28 years$1,578$1,160$838$597$421$192
29 years$1,507$1,094$780$548$380$168
30 years$1,441$1,033$727$503$343$146
31 years$1,380$977$677$462$310$128
32 years$1,322$924$632$424$281$112
33 years$1,268$875$590$390$254$98
34 years$1,217$829$551$359$230$85
35 years$1,169$787$515$330$208$74
36 years$1,124$747$482$304$189$65
37 years$1,082$709$451$280$171$57
38 years$1,042$674$423$258$155$50
39 years$1,004$641$396$238$141$43
40 years$968$610$371$220$128$38
41 years$934$580$348$203$116$33
42 years$901$553$326$187$105$29
43 years$871$527$306$173$95$25
44 years$841$502$288$160$87$22
45 years$813$479$270$147$79$19
46 years$787$457$254$136$71$17
47 years$761$436$238$126$65$15
48 years$737$416$224$116$59$13
49 years$714$397$210$107$53$11
50 years$691$380$198$99$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $708,000, adding $2,106 every year, while hoping to spend $34,916 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: 50/34/16 Blend
69$708,000$708,000$708,000$708,000
70$782,388$744,864$733,890$817,957
71$825,042$744,212$721,325$842,020
72$870,875$742,358$707,169$864,357
73$920,177$739,206$691,332$887,868
74$973,262$734,654$673,718$912,673
75$1,030,478$728,595$654,231$938,909
76$1,092,204$720,914$632,766$966,728
77$1,158,861$711,491$609,215$996,300
78$1,230,907$700,196$583,465$1,027,814
79$1,308,847$686,893$555,399$1,061,479
80$1,393,237$671,439$524,893$1,097,532
81$1,484,689$653,681$491,819$1,136,232
82$1,583,873$633,457$456,040$1,177,869
83$1,691,527$610,595$417,417$1,222,766
84$1,808,464$584,916$375,802$1,271,282
85$1,935,578$556,227$331,041$1,323,816
86$2,073,850$524,326$282,975$1,380,810
87$2,224,363$488,998$231,434$1,442,756
88$2,388,306$450,017$176,246$1,510,200
89$2,566,989$407,143$117,225$1,583,748
90$2,761,852$360,124$54,183$1,664,072
91$2,974,482$308,691$0$1,751,918
92$3,206,624$252,561$0$1,850,348
93$3,460,200$191,437$0$1,968,061
94$3,737,325$125,002$0$2,096,849
95$4,040,329$52,924$0$2,237,876
96$4,371,776$0$0$2,392,430
97$4,734,489$0$0$2,571,343
98$5,131,579$0$0$2,788,963
99$5,566,467$0$0$3,027,373
100$6,042,926$0$0$3,288,649