Can I retire at age 70 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$61,934$61,383$60,844$60,319$59,806$57,707
2 years$30,661$30,090$29,536$29,000$28,479$26,386
3 years$20,237$19,664$19,112$18,580$18,068$16,048
4 years$15,027$14,455$13,909$13,386$12,886$10,953
5 years$11,901$11,333$10,794$10,282$9,796$7,956
6 years$9,818$9,254$8,723$8,222$7,751$6,005
7 years$8,331$7,772$7,249$6,760$6,304$4,651
8 years$7,216$6,662$6,147$5,671$5,230$3,669
9 years$6,349$5,800$5,295$4,830$4,404$2,934
10 years$5,656$5,113$4,616$4,164$3,753$2,370
11 years$5,090$4,551$4,064$3,624$3,227$1,930
12 years$4,618$4,085$3,607$3,179$2,797$1,581
13 years$4,219$3,692$3,222$2,806$2,439$1,302
14 years$3,877$3,356$2,895$2,491$2,138$1,077
15 years$3,581$3,066$2,614$2,222$1,882$893
16 years$3,323$2,813$2,370$1,989$1,664$743
17 years$3,095$2,590$2,157$1,787$1,475$619
18 years$2,892$2,394$1,969$1,611$1,312$517
19 years$2,712$2,218$1,802$1,455$1,169$432
20 years$2,549$2,061$1,654$1,318$1,044$362
21 years$2,402$1,920$1,521$1,196$934$303
22 years$2,269$1,792$1,402$1,088$838$254
23 years$2,147$1,676$1,295$991$752$213
24 years$2,036$1,571$1,197$903$676$179
25 years$1,934$1,474$1,109$825$608$151
26 years$1,839$1,385$1,029$754$548$127
27 years$1,752$1,304$955$691$494$106
28 years$1,672$1,228$888$633$446$90
29 years$1,597$1,159$826$580$402$75
30 years$1,527$1,094$770$532$364$63
31 years$1,461$1,035$717$489$329$53
32 years$1,400$979$669$449$297$45
33 years$1,343$927$625$413$269$38
34 years$1,289$879$584$380$244$32
35 years$1,239$833$546$350$221$27
36 years$1,191$791$511$322$200$23
37 years$1,146$751$478$297$181$19
38 years$1,104$714$448$274$164$16
39 years$1,063$679$419$252$149$13
40 years$1,025$646$393$233$135$11
41 years$989$615$369$215$123$10
42 years$955$586$346$198$111$8
43 years$922$558$324$183$101$7
44 years$891$532$305$169$92$6
45 years$861$507$286$156$83$5
46 years$833$484$269$144$76$4
47 years$806$462$252$133$69$3
48 years$780$441$237$123$62$3
49 years$756$421$223$114$57$2
50 years$732$402$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $750,000, adding $3,787 every year, while hoping to spend $25,699 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: 40/50/10 Blend
69$750,000$750,000$750,000$750,000
70$830,406$790,656$779,031$860,987
71$887,764$802,055$777,785$894,266
72$950,111$813,151$775,636$927,405
73$1,017,929$823,902$772,527$962,678
74$1,091,748$834,263$768,397$1,000,288
75$1,172,152$844,187$763,183$1,040,461
76$1,259,781$853,622$756,819$1,083,446
77$1,355,343$862,514$749,237$1,129,518
78$1,459,614$870,803$740,363$1,178,983
79$1,573,451$878,429$730,121$1,232,177
80$1,697,796$885,325$718,433$1,289,473
81$1,833,685$891,420$705,214$1,351,281
82$1,982,260$896,639$690,379$1,418,058
83$2,144,779$900,902$673,834$1,490,306
84$2,322,624$904,124$655,486$1,568,580
85$2,517,321$906,215$635,234$1,653,494
86$2,730,547$907,079$612,974$1,745,728
87$2,964,151$906,614$588,596$1,846,032
88$3,220,168$904,712$561,987$1,955,233
89$3,500,839$901,256$533,028$2,074,248
90$3,808,633$896,127$501,593$2,204,087
91$4,146,270$889,193$467,552$2,345,869
92$4,516,744$880,318$430,770$2,500,828
93$4,923,354$869,356$391,103$2,670,326
94$5,369,735$856,153$348,403$2,855,869
95$5,859,888$840,545$302,516$3,059,121
96$6,398,224$822,359$253,277$3,281,917
97$6,989,600$801,412$200,519$3,526,284
98$7,639,368$777,509$144,065$3,794,463
99$8,353,421$750,445$83,729$4,088,923
100$9,138,256$720,003$19,320$4,412,396