Can I retire at age 70 with 720,000?

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 $720,000?

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$59,457$58,927$58,411$57,906$57,414$57,052
2 years$29,434$28,886$28,355$27,840$27,340$26,975
3 years$19,428$18,877$18,347$17,837$17,346$16,989
4 years$14,426$13,877$13,352$12,851$12,371$12,025
5 years$11,425$10,880$10,362$9,870$9,404$9,070
6 years$9,425$8,884$8,374$7,894$7,441$7,120
7 years$7,998$7,461$6,959$6,490$6,052$5,743
8 years$6,927$6,395$5,902$5,444$5,020$4,724
9 years$6,095$5,568$5,083$4,637$4,228$3,944
10 years$5,430$4,908$4,431$3,997$3,602$3,331
11 years$4,886$4,369$3,901$3,479$3,098$2,838
12 years$4,433$3,922$3,462$3,051$2,685$2,437
13 years$4,050$3,544$3,093$2,694$2,341$2,105
14 years$3,722$3,221$2,779$2,391$2,052$1,827
15 years$3,438$2,943$2,509$2,133$1,807$1,593
16 years$3,190$2,700$2,275$1,910$1,597$1,394
17 years$2,971$2,487$2,070$1,716$1,416$1,223
18 years$2,777$2,298$1,890$1,546$1,259$1,076
19 years$2,603$2,130$1,730$1,397$1,122$949
20 years$2,447$1,979$1,588$1,265$1,002$839
21 years$2,306$1,843$1,461$1,148$897$743
22 years$2,178$1,721$1,346$1,044$804$658
23 years$2,061$1,609$1,243$951$722$584
24 years$1,954$1,508$1,149$867$649$519
25 years$1,856$1,415$1,065$792$584$462
26 years$1,766$1,330$987$724$526$411
27 years$1,682$1,252$917$663$474$367
28 years$1,605$1,179$852$607$428$327
29 years$1,533$1,113$793$557$386$292
30 years$1,466$1,051$739$511$349$260
31 years$1,403$993$689$469$316$233
32 years$1,344$940$643$431$285$208
33 years$1,289$890$600$397$258$186
34 years$1,238$844$561$365$234$166
35 years$1,189$800$524$336$212$149
36 years$1,144$759$490$309$192$133
37 years$1,100$721$459$285$174$119
38 years$1,060$685$430$263$158$107
39 years$1,021$652$403$242$143$95
40 years$984$620$377$224$130$85
41 years$950$590$354$206$118$77
42 years$917$562$332$190$107$69
43 years$885$536$312$176$97$61
44 years$855$511$292$162$88$55
45 years$827$487$275$150$80$49
46 years$800$464$258$138$73$44
47 years$774$443$242$128$66$40
48 years$749$423$228$118$60$35
49 years$726$404$214$109$54$32
50 years$703$386$201$101$49$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $720,000, adding $4,283 every year, while hoping to spend $42,766 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: 60/35/5 Blend
69$720,000$720,000$720,000$720,000
70$797,858$759,698$748,538$844,794
71$833,737$751,420$728,111$868,417
72$871,842$741,304$705,567$888,848
73$912,355$729,213$680,789$910,034
74$955,476$715,005$653,656$932,049
75$1,001,422$698,528$624,041$954,974
76$1,050,431$679,620$591,811$978,902
77$1,102,766$658,113$556,827$1,003,935
78$1,158,713$633,825$518,945$1,030,191
79$1,218,585$606,566$478,014$1,057,797
80$1,282,728$576,134$433,874$1,086,901
81$1,351,518$542,316$386,360$1,117,665
82$1,425,370$504,887$335,300$1,150,272
83$1,504,738$463,608$280,514$1,184,925
84$1,590,123$418,226$221,813$1,221,853
85$1,682,072$368,476$159,000$1,261,310
86$1,781,188$314,075$91,871$1,303,579
87$1,888,130$254,726$20,210$1,348,979
88$2,003,627$190,114$0$1,397,863
89$2,128,475$119,909$0$1,453,627
90$2,263,553$43,758$0$1,515,053
91$2,409,826$0$0$1,581,564
92$2,568,353$0$0$1,668,626
93$2,740,301$0$0$1,781,386
94$2,926,951$0$0$1,903,839
95$3,129,715$0$0$2,036,915
96$3,350,143$0$0$2,181,640
97$3,589,943$0$0$2,339,142
98$3,850,992$0$0$2,510,660
99$4,135,357$0$0$2,697,560
100$4,445,311$0$0$2,901,344