Can I retire at age 70 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$60,035$59,500$58,978$58,469$57,972$56,802
2 years$29,720$29,167$28,630$28,110$27,606$26,432
3 years$19,617$19,061$18,526$18,010$17,514$16,373
4 years$14,566$14,012$13,482$12,976$12,491$11,392
5 years$11,536$10,985$10,463$9,966$9,496$8,441
6 years$9,517$8,970$8,455$7,970$7,514$6,505
7 years$8,075$7,533$7,026$6,553$6,111$5,148
8 years$6,995$6,457$5,959$5,497$5,069$4,153
9 years$6,155$5,622$5,132$4,682$4,269$3,398
10 years$5,483$4,956$4,475$4,036$3,637$2,811
11 years$4,934$4,412$3,939$3,513$3,128$2,346
12 years$4,476$3,960$3,496$3,081$2,711$1,971
13 years$4,089$3,579$3,124$2,720$2,364$1,665
14 years$3,758$3,253$2,806$2,415$2,072$1,413
15 years$3,472$2,972$2,534$2,153$1,825$1,204
16 years$3,221$2,726$2,297$1,928$1,613$1,029
17 years$3,000$2,511$2,090$1,732$1,430$881
18 years$2,804$2,320$1,908$1,561$1,271$757
19 years$2,628$2,150$1,747$1,411$1,133$651
20 years$2,471$1,998$1,603$1,278$1,012$561
21 years$2,328$1,861$1,475$1,160$906$484
22 years$2,199$1,737$1,359$1,054$812$418
23 years$2,081$1,625$1,255$960$729$362
24 years$1,973$1,522$1,161$876$655$313
25 years$1,874$1,429$1,075$800$589$271
26 years$1,783$1,343$997$731$531$235
27 years$1,699$1,264$926$669$479$204
28 years$1,620$1,191$861$613$432$177
29 years$1,548$1,123$801$562$390$153
30 years$1,480$1,061$746$516$352$133
31 years$1,417$1,003$695$474$319$116
32 years$1,357$949$649$436$288$101
33 years$1,302$899$606$401$261$87
34 years$1,250$852$566$369$236$76
35 years$1,201$808$529$339$214$66
36 years$1,155$767$495$312$194$57
37 years$1,111$728$463$288$176$50
38 years$1,070$692$434$265$159$43
39 years$1,031$658$407$245$144$38
40 years$994$626$381$226$131$33
41 years$959$596$357$208$119$29
42 years$926$568$335$192$108$25
43 years$894$541$315$177$98$22
44 years$864$516$295$164$89$19
45 years$835$492$277$151$81$16
46 years$808$469$260$140$73$14
47 years$782$448$245$129$66$12
48 years$757$427$230$119$60$11
49 years$733$408$216$110$55$9
50 years$710$390$203$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $727,000, adding $6,027 every year, while hoping to spend $52,359 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: 37/35/28 Blend
69$727,000$727,000$727,000$727,000
70$807,371$768,840$757,571$830,303
71$834,013$750,803$727,240$829,747
72$861,618$730,128$694,139$823,946
73$890,229$706,630$658,118$816,677
74$919,890$680,113$619,023$807,842
75$950,651$650,371$576,692$797,339
76$982,563$617,185$530,957$785,059
77$1,015,681$580,324$481,641$770,890
78$1,050,064$539,542$428,559$754,711
79$1,085,772$494,582$371,518$736,397
80$1,122,875$445,170$310,317$715,818
81$1,161,441$391,017$244,746$692,835
82$1,201,549$331,817$174,586$667,304
83$1,243,279$267,249$99,607$639,074
84$1,286,720$196,970$19,569$607,986
85$1,331,965$120,621$0$573,875
86$1,379,116$37,823$0$556,238
87$1,428,283$0$0$542,741
88$1,479,582$0$0$547,384
89$1,533,140$0$0$567,461
90$1,589,095$0$0$588,459
91$1,647,593$0$0$610,438
92$1,708,795$0$0$633,460
93$1,772,874$0$0$657,594
94$1,840,018$0$0$682,915
95$1,910,428$0$0$709,503
96$1,984,327$0$0$737,446
97$2,061,952$0$0$766,841
98$2,143,565$0$0$797,790
99$2,229,449$0$0$830,407
100$2,319,910$0$0$864,815