Can I retire at age 70 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$59,870$59,337$58,816$58,308$57,813$56,369
2 years$29,639$29,087$28,552$28,033$27,530$26,085
3 years$19,563$19,008$18,475$17,961$17,466$16,065
4 years$14,526$13,973$13,445$12,940$12,457$11,110
5 years$11,504$10,955$10,434$9,939$9,470$8,180
6 years$9,491$8,946$8,432$7,948$7,493$6,263
7 years$8,053$7,513$7,007$6,535$6,094$4,923
8 years$6,975$6,440$5,943$5,482$5,055$3,944
9 years$6,138$5,607$5,118$4,669$4,257$3,204
10 years$5,468$4,942$4,462$4,025$3,627$2,631
11 years$4,920$4,400$3,929$3,503$3,120$2,178
12 years$4,464$3,949$3,486$3,073$2,704$1,816
13 years$4,078$3,569$3,115$2,713$2,358$1,522
14 years$3,748$3,244$2,799$2,408$2,067$1,281
15 years$3,462$2,963$2,527$2,147$1,820$1,082
16 years$3,212$2,719$2,291$1,923$1,608$917
17 years$2,992$2,504$2,085$1,728$1,426$779
18 years$2,796$2,314$1,903$1,557$1,268$663
19 years$2,621$2,144$1,742$1,407$1,130$565
20 years$2,464$1,993$1,599$1,274$1,009$483
21 years$2,322$1,856$1,471$1,156$903$413
22 years$2,193$1,733$1,355$1,051$810$353
23 years$2,076$1,620$1,252$958$727$303
24 years$1,968$1,518$1,157$873$653$260
25 years$1,869$1,425$1,072$798$588$223
26 years$1,778$1,339$994$729$530$191
27 years$1,694$1,260$923$668$477$164
28 years$1,616$1,188$858$612$431$141
29 years$1,543$1,120$799$561$389$121
30 years$1,476$1,058$744$515$351$104
31 years$1,413$1,000$694$473$318$90
32 years$1,354$946$647$434$287$77
33 years$1,298$896$604$400$260$66
34 years$1,246$849$565$368$236$57
35 years$1,198$806$528$338$213$49
36 years$1,151$765$494$312$193$42
37 years$1,108$726$462$287$175$36
38 years$1,067$690$433$265$159$31
39 years$1,028$656$405$244$144$27
40 years$991$624$380$225$131$23
41 years$956$594$356$208$119$20
42 years$923$566$334$192$108$17
43 years$891$539$314$177$98$15
44 years$861$514$294$163$89$13
45 years$833$490$276$151$80$11
46 years$805$468$260$139$73$9
47 years$779$446$244$129$66$8
48 years$754$426$229$119$60$7
49 years$731$407$215$110$55$6
50 years$708$389$203$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $725,000, adding $5,101 every year, while hoping to spend $42,178 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: 66/6/28 Blend
69$725,000$725,000$725,000$725,000
70$804,212$765,787$754,549$851,050
71$841,364$758,433$734,950$875,930
72$880,893$749,306$713,280$897,948
73$922,995$738,273$689,426$921,088
74$967,887$725,195$663,268$945,467
75$1,015,808$709,925$634,684$971,211
76$1,067,015$692,307$603,541$998,461
77$1,121,795$672,175$569,704$1,027,377
78$1,180,460$649,353$533,031$1,058,131
79$1,243,352$623,657$493,373$1,090,921
80$1,310,848$594,889$450,574$1,125,960
81$1,383,359$562,844$404,473$1,163,490
82$1,461,339$527,300$354,900$1,203,778
83$1,545,285$488,027$301,678$1,247,118
84$1,635,742$444,778$244,623$1,293,840
85$1,733,309$397,295$183,540$1,344,306
86$1,838,647$345,302$118,228$1,398,922
87$1,952,478$288,511$48,478$1,458,134
88$2,075,598$226,615$0$1,522,438
89$2,208,881$159,291$0$1,600,140
90$2,353,289$86,198$0$1,700,052
91$2,509,877$6,975$0$1,808,421
92$2,679,810$0$0$1,926,069
93$2,864,363$0$0$2,059,099
94$3,064,945$0$0$2,204,223
95$3,283,101$0$0$2,362,106
96$3,520,534$0$0$2,533,983
97$3,779,114$0$0$2,721,218
98$4,060,904$0$0$2,925,306
99$4,368,171$0$0$3,147,896
100$4,703,410$0$0$3,390,804