Can I retire at age 70 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$59,622$59,091$58,573$58,067$57,573$57,307
2 years$29,516$28,966$28,433$27,917$27,416$27,147
3 years$19,482$18,930$18,398$17,887$17,394$17,130
4 years$14,466$13,915$13,389$12,886$12,405$12,150
5 years$11,457$10,910$10,391$9,898$9,430$9,183
6 years$9,452$8,909$8,397$7,915$7,462$7,224
7 years$8,020$7,481$6,978$6,508$6,069$5,840
8 years$6,947$6,413$5,918$5,459$5,034$4,815
9 years$6,112$5,584$5,097$4,650$4,240$4,029
10 years$5,445$4,922$4,444$4,008$3,612$3,411
11 years$4,900$4,382$3,912$3,488$3,107$2,914
12 years$4,445$3,933$3,472$3,060$2,692$2,508
13 years$4,061$3,554$3,102$2,701$2,348$2,172
14 years$3,732$3,230$2,787$2,398$2,058$1,890
15 years$3,448$2,951$2,516$2,139$1,812$1,652
16 years$3,199$2,708$2,282$1,915$1,601$1,450
17 years$2,979$2,494$2,076$1,720$1,420$1,276
18 years$2,784$2,304$1,895$1,551$1,263$1,126
19 years$2,610$2,135$1,735$1,401$1,125$996
20 years$2,454$1,984$1,592$1,269$1,005$882
21 years$2,312$1,848$1,465$1,152$900$783
22 years$2,184$1,725$1,350$1,047$806$697
23 years$2,067$1,614$1,246$954$724$620
24 years$1,960$1,512$1,153$870$651$553
25 years$1,861$1,419$1,068$794$585$493
26 years$1,771$1,334$990$726$527$441
27 years$1,687$1,255$919$665$475$394
28 years$1,609$1,183$855$609$429$352
29 years$1,537$1,116$795$559$387$315
30 years$1,470$1,054$741$513$350$282
31 years$1,407$996$691$471$316$253
32 years$1,348$942$644$433$286$227
33 years$1,293$892$602$398$259$204
34 years$1,241$846$562$366$235$183
35 years$1,193$802$526$337$212$164
36 years$1,147$761$492$310$192$147
37 years$1,103$723$460$286$174$132
38 years$1,062$687$431$264$158$119
39 years$1,024$654$404$243$143$107
40 years$987$622$378$224$130$96
41 years$952$592$355$207$118$86
42 years$919$564$333$191$107$77
43 years$888$537$312$176$97$70
44 years$858$512$293$163$88$63
45 years$829$488$275$150$80$56
46 years$802$466$259$139$73$51
47 years$776$444$243$128$66$46
48 years$751$424$228$118$60$41
49 years$728$405$215$109$54$37
50 years$705$387$202$101$49$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $722,000, adding $6,634 every year, while hoping to spend $53,373 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: 49/36/15 Blend
69$722,000$722,000$722,000$722,000
70$802,487$764,221$753,030$838,169
71$827,552$744,879$721,468$844,129
72$853,385$722,801$687,060$844,536
73$880,008$697,796$649,654$843,804
74$907,443$669,662$609,092$841,844
75$935,713$638,187$565,207$838,563
76$964,842$603,143$517,827$833,860
77$994,853$564,294$466,772$827,631
78$1,025,770$521,387$411,851$819,765
79$1,057,618$474,155$352,867$810,143
80$1,090,422$422,316$289,615$798,641
81$1,124,208$365,571$221,880$785,126
82$1,159,000$303,607$149,436$769,460
83$1,194,825$236,091$72,049$751,494
84$1,231,708$162,671$0$731,071
85$1,269,677$82,976$0$709,713
86$1,308,757$0$0$697,975
87$1,348,974$0$0$685,511
88$1,390,356$0$0$706,504
89$1,432,928$0$0$728,098
90$1,476,716$0$0$750,305
91$1,521,746$0$0$773,136
92$1,568,042$0$0$796,605
93$1,615,630$0$0$820,723
94$1,664,532$0$0$845,502
95$1,714,772$0$0$870,951
96$1,766,371$0$0$897,081
97$1,819,349$0$0$923,901
98$1,873,724$0$0$951,419
99$1,929,512$0$0$979,643
100$1,986,728$0$0$1,008,577