Can I retire at age 70 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$61,687$61,137$60,601$60,078$59,567$58,628
2 years$30,538$29,969$29,418$28,884$28,365$27,422
3 years$20,156$19,585$19,035$18,506$17,996$17,078
4 years$14,967$14,397$13,853$13,333$12,835$11,948
5 years$11,854$11,288$10,750$10,241$9,757$8,905
6 years$9,779$9,217$8,688$8,190$7,720$6,904
7 years$8,298$7,741$7,220$6,733$6,279$5,498
8 years$7,187$6,635$6,123$5,648$5,209$4,463
9 years$6,324$5,777$5,274$4,811$4,387$3,676
10 years$5,634$5,092$4,598$4,147$3,738$3,062
11 years$5,069$4,533$4,048$3,609$3,214$2,572
12 years$4,599$4,069$3,592$3,166$2,786$2,176
13 years$4,202$3,677$3,209$2,795$2,429$1,852
14 years$3,862$3,342$2,884$2,481$2,129$1,584
15 years$3,567$3,053$2,604$2,213$1,875$1,359
16 years$3,309$2,801$2,361$1,981$1,657$1,171
17 years$3,082$2,580$2,148$1,780$1,469$1,011
18 years$2,881$2,384$1,961$1,604$1,306$875
19 years$2,701$2,209$1,795$1,450$1,164$759
20 years$2,539$2,053$1,647$1,313$1,040$659
21 years$2,392$1,912$1,515$1,191$931$574
22 years$2,260$1,785$1,397$1,083$834$500
23 years$2,139$1,670$1,289$987$749$436
24 years$2,028$1,564$1,193$900$673$381
25 years$1,926$1,468$1,105$822$606$333
26 years$1,832$1,380$1,024$751$546$291
27 years$1,745$1,298$951$688$492$254
28 years$1,665$1,224$884$630$444$223
29 years$1,590$1,154$823$578$401$195
30 years$1,521$1,090$767$530$362$171
31 years$1,456$1,030$715$487$327$150
32 years$1,395$975$667$448$296$131
33 years$1,338$923$623$412$268$115
34 years$1,284$875$582$379$243$101
35 years$1,234$830$544$349$220$89
36 years$1,186$788$509$321$199$78
37 years$1,142$748$476$296$180$68
38 years$1,099$711$446$273$164$60
39 years$1,059$676$418$251$148$53
40 years$1,021$643$392$232$135$46
41 years$985$612$367$214$122$41
42 years$951$583$344$197$111$36
43 years$919$556$323$182$101$31
44 years$888$530$303$168$91$27
45 years$858$505$285$155$83$24
46 years$830$482$268$144$75$21
47 years$803$460$251$133$68$19
48 years$777$439$236$123$62$16
49 years$753$419$222$113$56$14
50 years$729$400$209$105$51$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $747,000, adding $5,192 every year, while hoping to spend $44,102 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: 75/7/18 Blend
69$747,000$747,000$747,000$747,000
70$828,550$788,959$777,380$886,885
71$866,137$780,693$756,498$917,954
72$906,081$770,545$733,438$946,059
73$948,574$758,375$708,082$975,700
74$993,829$744,035$680,303$1,007,018
75$1,042,078$727,371$649,971$1,040,169
76$1,093,575$708,217$616,950$1,075,325
77$1,148,598$686,399$581,096$1,112,678
78$1,207,453$661,730$542,261$1,152,440
79$1,270,475$634,017$500,289$1,194,842
80$1,338,031$603,051$455,016$1,240,144
81$1,410,524$568,614$406,272$1,288,630
82$1,488,395$530,474$353,880$1,340,617
83$1,572,130$488,386$297,654$1,396,453
84$1,662,262$442,091$237,400$1,456,522
85$1,759,374$391,316$172,915$1,521,251
86$1,864,111$335,770$103,988$1,591,111
87$1,977,177$275,150$30,398$1,666,621
88$2,099,348$209,131$0$1,748,356
89$2,231,476$137,373$0$1,846,196
90$2,374,497$59,515$0$1,958,428
91$2,529,443$0$0$2,080,031
92$2,697,444$0$0$2,213,823
93$2,879,747$0$0$2,364,004
94$3,077,720$0$0$2,527,121
95$3,292,870$0$0$2,704,419
96$3,526,854$0$0$2,897,267
97$3,781,494$0$0$3,107,170
98$4,058,798$0$0$3,335,787
99$4,360,971$0$0$3,584,941
100$4,690,443$0$0$3,856,639