Can I retire at age 70 with 787,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$64,990$64,411$63,846$63,295$62,756$60,314
2 years$32,173$31,574$30,993$30,430$29,884$27,453
3 years$21,236$20,634$20,055$19,497$18,960$16,616
4 years$15,768$15,168$14,595$14,046$13,522$11,284
5 years$12,488$11,892$11,326$10,789$10,279$8,153
6 years$10,303$9,711$9,153$8,628$8,134$6,120
7 years$8,742$8,155$7,606$7,094$6,615$4,713
8 years$7,572$6,990$6,451$5,951$5,488$3,696
9 years$6,662$6,086$5,556$5,069$4,621$2,938
10 years$5,935$5,365$4,844$4,369$3,938$2,358
11 years$5,341$4,776$4,264$3,803$3,387$1,908
12 years$4,846$4,287$3,785$3,335$2,935$1,553
13 years$4,427$3,874$3,381$2,945$2,559$1,270
14 years$4,068$3,521$3,038$2,614$2,243$1,043
15 years$3,758$3,217$2,743$2,331$1,975$859
16 years$3,487$2,951$2,487$2,087$1,746$709
17 years$3,248$2,718$2,263$1,875$1,548$586
18 years$3,035$2,512$2,066$1,690$1,376$486
19 years$2,845$2,328$1,891$1,527$1,227$403
20 years$2,675$2,163$1,736$1,383$1,096$335
21 years$2,521$2,015$1,596$1,255$981$279
22 years$2,381$1,881$1,471$1,141$879$232
23 years$2,253$1,759$1,359$1,039$789$193
24 years$2,136$1,648$1,256$948$709$161
25 years$2,029$1,547$1,164$866$638$134
26 years$1,930$1,454$1,079$792$575$112
27 years$1,839$1,368$1,002$725$518$93
28 years$1,754$1,289$932$664$468$78
29 years$1,675$1,216$867$609$422$65
30 years$1,602$1,148$808$559$382$54
31 years$1,534$1,086$753$513$345$45
32 years$1,469$1,027$702$472$312$38
33 years$1,409$973$656$434$282$32
34 years$1,353$922$613$399$256$26
35 years$1,300$875$573$367$232$22
36 years$1,250$830$536$338$210$18
37 years$1,203$788$502$312$190$15
38 years$1,158$749$470$287$172$13
39 years$1,116$712$440$265$156$11
40 years$1,076$678$413$244$142$9
41 years$1,038$645$387$225$129$7
42 years$1,002$614$363$208$117$6
43 years$968$585$340$192$106$5
44 years$935$558$320$177$96$4
45 years$904$532$300$164$87$4
46 years$874$508$282$151$79$3
47 years$846$484$265$140$72$3
48 years$819$463$249$129$65$2
49 years$793$442$234$119$59$2
50 years$768$422$220$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $787,000, adding $2,897 every year, while hoping to spend $48,408 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: 67/18/15 Blend
69$787,000$787,000$787,000$787,000
70$870,262$828,551$816,353$925,306
71$907,523$817,645$792,195$951,491
72$946,962$804,581$765,605$974,156
73$988,751$789,204$736,451$997,724
74$1,033,076$771,347$704,594$1,022,282
75$1,080,141$750,834$669,890$1,047,925
76$1,130,170$727,480$632,186$1,074,760
77$1,183,407$701,086$591,324$1,102,905
78$1,240,121$671,445$547,139$1,132,493
79$1,300,603$638,336$499,459$1,163,671
80$1,365,175$601,525$448,101$1,196,606
81$1,434,189$560,766$392,878$1,231,481
82$1,508,030$515,797$333,593$1,268,501
83$1,587,120$466,343$270,040$1,307,894
84$1,671,924$412,111$202,004$1,349,914
85$1,762,950$352,794$129,261$1,394,844
86$1,860,755$288,066$51,576$1,442,999
87$1,965,954$217,582$0$1,494,727
88$2,079,218$140,980$0$1,555,433
89$2,201,286$57,876$0$1,629,669
90$2,332,969$0$0$1,709,693
91$2,475,159$0$0$1,802,449
92$2,628,837$0$0$1,915,126
93$2,795,077$0$0$2,037,054
94$2,975,064$0$0$2,169,105
95$3,170,098$0$0$2,312,241
96$3,381,611$0$0$2,467,515
97$3,611,175$0$0$2,636,090
98$3,860,521$0$0$2,819,241
99$4,131,552$0$0$3,018,373
100$4,426,362$0$0$3,235,031