Can I retire at age 70 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$61,356$60,810$60,277$59,756$59,248$58,702
2 years$30,374$29,809$29,260$28,729$28,213$27,664
3 years$20,048$19,480$18,933$18,407$17,900$17,363
4 years$14,886$14,320$13,779$13,261$12,766$12,247
5 years$11,790$11,227$10,693$10,186$9,705$9,204
6 years$9,727$9,168$8,641$8,146$7,679$7,197
7 years$8,253$7,699$7,181$6,697$6,245$5,783
8 years$7,149$6,600$6,090$5,618$5,181$4,738
9 years$6,290$5,746$5,245$4,785$4,363$3,939
10 years$5,603$5,065$4,573$4,125$3,718$3,313
11 years$5,042$4,509$4,026$3,590$3,197$2,811
12 years$4,575$4,047$3,573$3,149$2,771$2,403
13 years$4,179$3,657$3,192$2,780$2,416$2,066
14 years$3,841$3,324$2,868$2,468$2,118$1,786
15 years$3,548$3,037$2,590$2,201$1,865$1,549
16 years$3,292$2,786$2,348$1,971$1,648$1,349
17 years$3,066$2,566$2,136$1,771$1,461$1,178
18 years$2,865$2,371$1,950$1,596$1,299$1,032
19 years$2,686$2,198$1,785$1,442$1,158$905
20 years$2,525$2,042$1,639$1,306$1,034$796
21 years$2,380$1,902$1,507$1,185$926$701
22 years$2,248$1,776$1,389$1,078$830$618
23 years$2,127$1,661$1,283$981$745$546
24 years$2,017$1,556$1,186$895$669$483
25 years$1,916$1,460$1,099$817$602$427
26 years$1,822$1,372$1,019$747$543$378
27 years$1,736$1,292$946$684$489$335
28 years$1,656$1,217$880$627$441$297
29 years$1,582$1,148$819$575$399$264
30 years$1,512$1,084$762$527$360$234
31 years$1,448$1,025$711$484$326$208
32 years$1,387$970$663$445$295$185
33 years$1,331$918$619$409$267$164
34 years$1,277$870$579$377$241$146
35 years$1,227$826$541$347$219$130
36 years$1,180$784$506$319$198$115
37 years$1,136$744$474$294$180$103
38 years$1,093$707$444$271$163$91
39 years$1,054$673$416$250$148$81
40 years$1,016$640$389$231$134$72
41 years$980$609$365$213$121$64
42 years$946$580$343$196$110$57
43 years$914$553$321$181$100$51
44 years$883$527$302$167$91$46
45 years$853$502$283$155$82$41
46 years$825$479$266$143$75$36
47 years$799$457$250$132$68$32
48 years$773$437$235$122$62$29
49 years$749$417$221$113$56$26
50 years$725$398$208$104$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $743,000, adding $3,320 every year, while hoping to spend $40,660 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: 39/49/12 Blend
69$743,000$743,000$743,000$743,000
70$822,211$782,832$771,315$851,179
71$862,814$777,928$753,892$867,115
72$906,197$771,422$734,523$880,105
73$952,598$763,192$713,099$893,256
74$1,002,283$753,108$689,508$906,598
75$1,055,540$741,034$663,630$920,173
76$1,112,686$726,826$635,343$934,027
77$1,174,070$710,330$604,517$948,215
78$1,240,074$691,385$571,017$962,800
79$1,311,117$669,818$534,701$977,858
80$1,387,659$645,448$495,423$993,476
81$1,470,208$618,083$453,027$1,009,751
82$1,559,318$587,518$407,352$1,026,800
83$1,655,601$553,538$358,231$1,044,752
84$1,759,727$515,917$305,486$1,063,759
85$1,872,435$474,412$248,936$1,083,989
86$1,994,535$428,770$188,387$1,105,639
87$2,126,920$378,722$123,640$1,128,927
88$2,270,569$323,983$54,485$1,154,103
89$2,426,562$264,253$0$1,181,450
90$2,596,085$199,214$0$1,213,760
91$2,780,442$128,532$0$1,256,524
92$2,981,070$51,853$0$1,303,193
93$3,199,548$0$0$1,354,255
94$3,437,614$0$0$1,427,075
95$3,697,182$0$0$1,537,046
96$3,980,358$0$0$1,657,114
97$4,289,458$0$0$1,788,271
98$4,627,035$0$0$1,931,615
99$4,995,896$0$0$2,088,348
100$5,399,133$0$0$2,259,800