Can I retire at age 70 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$61,191$60,646$60,114$59,595$59,088$57,754
2 years$30,293$29,728$29,182$28,652$28,137$26,800
3 years$19,994$19,428$18,882$18,357$17,851$16,553
4 years$14,846$14,282$13,742$13,225$12,732$11,482
5 years$11,758$11,197$10,664$10,158$9,679$8,481
6 years$9,700$9,143$8,618$8,124$7,658$6,515
7 years$8,231$7,678$7,162$6,679$6,228$5,139
8 years$7,129$6,582$6,074$5,603$5,167$4,131
9 years$6,273$5,731$5,231$4,772$4,351$3,368
10 years$5,588$5,051$4,561$4,114$3,708$2,776
11 years$5,029$4,497$4,015$3,580$3,189$2,307
12 years$4,562$4,036$3,563$3,140$2,763$1,931
13 years$4,168$3,647$3,184$2,772$2,410$1,625
14 years$3,831$3,315$2,861$2,461$2,112$1,373
15 years$3,538$3,029$2,583$2,195$1,860$1,165
16 years$3,283$2,779$2,342$1,965$1,644$991
17 years$3,058$2,559$2,131$1,766$1,457$846
18 years$2,858$2,365$1,945$1,591$1,296$723
19 years$2,679$2,192$1,781$1,438$1,155$619
20 years$2,518$2,037$1,634$1,302$1,032$531
21 years$2,373$1,897$1,503$1,182$923$456
22 years$2,242$1,771$1,385$1,075$828$392
23 years$2,121$1,656$1,279$979$743$338
24 years$2,011$1,552$1,183$893$668$291
25 years$1,910$1,456$1,096$815$601$251
26 years$1,817$1,369$1,016$745$541$216
27 years$1,731$1,288$944$682$488$187
28 years$1,652$1,214$877$625$440$161
29 years$1,577$1,145$816$573$398$139
30 years$1,508$1,081$760$526$359$120
31 years$1,444$1,022$709$483$325$104
32 years$1,384$967$661$444$294$90
33 years$1,327$916$618$408$266$78
34 years$1,274$868$577$376$241$67
35 years$1,224$823$539$346$218$58
36 years$1,177$782$505$319$198$50
37 years$1,132$742$472$293$179$43
38 years$1,090$705$442$270$162$38
39 years$1,051$671$414$249$147$33
40 years$1,013$638$388$230$134$28
41 years$977$608$364$212$121$24
42 years$943$579$342$196$110$21
43 years$911$551$321$181$100$18
44 years$880$525$301$167$91$16
45 years$851$501$283$154$82$14
46 years$823$478$265$142$75$12
47 years$797$456$249$132$68$10
48 years$771$435$234$122$62$9
49 years$747$416$220$112$56$8
50 years$723$397$207$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $741,000, adding $3,142 every year, while hoping to spend $55,165 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: 49/42/9 Blend
69$741,000$741,000$741,000$741,000
70$819,823$780,550$769,064$857,879
71$844,750$760,102$736,133$863,824
72$870,370$736,803$700,249$864,191
73$896,697$710,455$661,257$863,312
74$923,742$680,849$618,990$861,085
75$951,516$647,763$573,279$857,403
76$980,030$610,963$523,943$852,152
77$1,009,293$570,200$470,796$845,209
78$1,039,314$525,213$413,640$836,448
79$1,070,100$475,725$352,274$825,729
80$1,101,657$421,442$286,481$812,907
81$1,133,988$362,055$216,041$797,829
82$1,167,096$297,237$140,719$780,328
83$1,200,981$226,642$60,274$760,231
84$1,235,639$149,905$0$737,352
85$1,271,065$66,641$0$713,949
86$1,307,250$0$0$693,694
87$1,344,182$0$0$681,482
88$1,381,845$0$0$700,422
89$1,420,216$0$0$719,701
90$1,459,271$0$0$739,303
91$1,498,976$0$0$759,210
92$1,539,293$0$0$779,399
93$1,580,175$0$0$799,843
94$1,621,571$0$0$820,513
95$1,663,415$0$0$841,373
96$1,705,635$0$0$862,380
97$1,748,147$0$0$883,489
98$1,790,855$0$0$904,645
99$1,833,647$0$0$925,787
100$1,876,398$0$0$946,845