Can I retire at age 70 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$62,347$61,792$61,250$60,721$60,205$59,725
2 years$30,865$30,290$29,733$29,193$28,669$28,186
3 years$20,372$19,795$19,239$18,704$18,189$17,717
4 years$15,127$14,551$14,001$13,475$12,972$12,515
5 years$11,981$11,408$10,866$10,350$9,861$9,420
6 years$9,884$9,316$8,781$8,277$7,803$7,378
7 years$8,386$7,823$7,297$6,805$6,346$5,938
8 years$7,264$6,706$6,188$5,709$5,265$4,874
9 years$6,392$5,839$5,330$4,863$4,434$4,059
10 years$5,694$5,147$4,647$4,192$3,778$3,420
11 years$5,124$4,582$4,091$3,648$3,249$2,907
12 years$4,649$4,112$3,631$3,200$2,815$2,490
13 years$4,247$3,716$3,244$2,825$2,455$2,145
14 years$3,903$3,378$2,915$2,508$2,152$1,857
15 years$3,605$3,086$2,631$2,236$1,895$1,615
16 years$3,345$2,831$2,386$2,002$1,675$1,409
17 years$3,115$2,608$2,171$1,799$1,485$1,233
18 years$2,912$2,409$1,982$1,621$1,320$1,082
19 years$2,730$2,233$1,814$1,465$1,177$952
20 years$2,566$2,075$1,665$1,327$1,051$839
21 years$2,418$1,933$1,532$1,204$941$740
22 years$2,284$1,804$1,412$1,095$843$654
23 years$2,161$1,687$1,303$997$757$579
24 years$2,049$1,581$1,205$909$680$513
25 years$1,947$1,484$1,116$831$612$455
26 years$1,852$1,394$1,035$759$551$404
27 years$1,764$1,312$961$695$497$359
28 years$1,683$1,237$894$637$449$319
29 years$1,607$1,167$832$584$405$284
30 years$1,537$1,102$775$536$366$252
31 years$1,471$1,042$722$492$331$225
32 years$1,410$985$674$452$299$200
33 years$1,352$933$629$416$271$178
34 years$1,298$885$588$383$245$159
35 years$1,247$839$550$352$222$142
36 years$1,199$796$514$325$201$126
37 years$1,154$756$481$299$182$113
38 years$1,111$719$451$276$165$101
39 years$1,071$683$422$254$150$90
40 years$1,032$650$396$234$136$80
41 years$996$619$371$216$123$71
42 years$961$590$348$200$112$64
43 years$928$562$327$184$102$57
44 years$897$535$307$170$92$51
45 years$867$511$288$157$84$45
46 years$839$487$270$145$76$41
47 years$812$465$254$134$69$36
48 years$786$444$239$124$63$32
49 years$761$424$224$114$57$29
50 years$737$405$211$106$52$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $755,000, adding $5,744 every year, while hoping to spend $23,164 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: 49/34/17 Blend
69$755,000$755,000$755,000$755,000
70$837,935$797,920$786,217$874,760
71$898,758$812,372$787,909$915,266
72$965,009$826,755$788,882$956,397
73$1,037,216$841,043$789,086$1,000,578
74$1,115,963$855,204$788,471$1,048,102
75$1,201,889$869,208$786,983$1,099,295
76$1,295,701$883,018$784,566$1,154,516
77$1,398,176$896,599$781,162$1,214,162
78$1,510,167$909,910$776,709$1,278,668
79$1,632,618$922,909$771,142$1,348,516
80$1,766,563$935,550$764,393$1,424,239
81$1,913,144$947,784$756,392$1,506,422
82$2,073,618$959,558$747,065$1,595,712
83$2,249,368$970,818$736,332$1,692,822
84$2,441,919$981,503$724,114$1,798,541
85$2,652,947$991,549$710,325$1,913,737
86$2,884,303$1,000,890$694,875$2,039,368
87$3,138,020$1,009,452$677,672$2,176,491
88$3,416,341$1,017,158$658,617$2,326,271
89$3,721,735$1,023,926$637,608$2,489,996
90$4,056,923$1,029,669$614,539$2,669,084
91$4,424,900$1,034,295$589,298$2,865,101
92$4,828,968$1,037,703$561,767$3,079,772
93$5,272,762$1,039,789$531,825$3,315,003
94$5,760,286$1,040,441$499,344$3,572,893
95$6,295,954$1,039,541$464,190$3,855,761
96$6,884,625$1,036,963$426,225$4,166,160
97$7,531,655$1,032,573$385,301$4,506,909
98$8,242,943$1,026,228$341,269$4,881,117
99$9,024,989$1,017,779$293,967$5,292,212
100$9,884,954$1,007,066$243,231$5,743,974