Can I retire at age 70 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$64,164$63,592$63,035$62,491$61,959$60,363
2 years$31,764$31,173$30,599$30,044$29,504$27,907
3 years$20,966$20,372$19,800$19,249$18,719$17,170
4 years$15,568$14,975$14,409$13,868$13,350$11,862
5 years$12,330$11,741$11,182$10,652$10,149$8,725
6 years$10,172$9,587$9,037$8,518$8,030$6,673
7 years$8,631$8,051$7,510$7,003$6,531$5,240
8 years$7,476$6,902$6,369$5,875$5,418$4,192
9 years$6,578$6,009$5,485$5,004$4,563$3,402
10 years$5,860$5,297$4,782$4,314$3,888$2,790
11 years$5,273$4,715$4,210$3,754$3,344$2,307
12 years$4,784$4,232$3,737$3,293$2,897$1,921
13 years$4,371$3,825$3,338$2,907$2,527$1,607
14 years$4,017$3,477$3,000$2,581$2,215$1,351
15 years$3,710$3,176$2,708$2,301$1,950$1,140
16 years$3,442$2,914$2,455$2,061$1,723$964
17 years$3,206$2,684$2,234$1,852$1,528$818
18 years$2,997$2,480$2,040$1,669$1,359$695
19 years$2,809$2,298$1,867$1,508$1,211$592
20 years$2,641$2,136$1,714$1,366$1,082$505
21 years$2,489$1,989$1,576$1,239$968$431
22 years$2,350$1,857$1,453$1,127$868$368
23 years$2,224$1,737$1,341$1,026$779$315
24 years$2,109$1,627$1,240$936$700$270
25 years$2,003$1,527$1,149$855$630$231
26 years$1,906$1,435$1,066$782$567$198
27 years$1,815$1,351$989$715$512$170
28 years$1,732$1,273$920$655$462$146
29 years$1,654$1,201$856$601$417$125
30 years$1,582$1,134$797$552$377$107
31 years$1,514$1,072$743$507$341$92
32 years$1,451$1,014$694$466$308$79
33 years$1,391$960$648$428$279$68
34 years$1,336$910$605$394$252$58
35 years$1,283$863$566$363$229$50
36 years$1,234$820$529$334$207$43
37 years$1,187$778$495$308$188$37
38 years$1,143$740$464$284$170$32
39 years$1,102$703$435$262$154$27
40 years$1,062$669$407$241$140$23
41 years$1,025$637$382$223$127$20
42 years$989$607$358$205$115$17
43 years$955$578$336$190$105$15
44 years$923$551$316$175$95$13
45 years$892$525$296$162$86$11
46 years$863$501$278$149$78$9
47 years$835$478$261$138$71$8
48 years$809$457$246$127$65$7
49 years$783$436$231$118$59$6
50 years$759$417$217$109$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $777,000, adding $2,995 every year, while hoping to spend $27,151 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: 85/5/10 Blend
69$777,000$777,000$777,000$777,000
70$859,343$818,162$806,119$930,886
71$918,108$829,364$804,235$989,282
72$981,956$840,204$801,379$1,049,446
73$1,051,379$850,637$797,488$1,114,706
74$1,126,914$860,613$792,498$1,185,557
75$1,209,156$870,079$786,343$1,262,545
76$1,298,755$878,979$778,951$1,346,271
77$1,396,431$887,252$770,249$1,437,398
78$1,502,974$894,834$760,160$1,536,653
79$1,619,254$901,658$748,602$1,644,840
80$1,746,228$907,649$735,490$1,762,844
81$1,884,951$912,731$720,736$1,891,638
82$2,036,582$916,821$704,247$2,032,296
83$2,202,400$919,832$685,926$2,186,001
84$2,383,811$921,670$665,670$2,354,054
85$2,582,364$922,236$643,375$2,537,889
86$2,799,765$921,425$618,927$2,739,089
87$3,037,891$919,125$592,212$2,959,395
88$3,298,812$915,218$563,107$3,200,724
89$3,584,805$909,578$531,485$3,465,193
90$3,898,378$902,071$497,213$3,755,129
91$4,242,296$892,556$460,153$4,073,099
92$4,619,602$880,882$420,160$4,421,932
93$5,033,647$866,891$377,081$4,804,744
94$5,488,125$850,414$330,759$5,224,968
95$5,987,102$831,273$281,028$5,686,388
96$6,535,059$809,279$227,715$6,193,173
97$7,136,932$784,230$170,640$6,749,918
98$7,798,158$755,916$109,616$7,361,685
99$8,524,727$724,113$44,444$8,034,053
100$9,323,237$688,582$0$8,773,169