Can I retire at age 70 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$65,155$64,575$64,008$63,456$62,916$60,732
2 years$32,255$31,654$31,072$30,508$29,960$27,782
3 years$21,290$20,686$20,106$19,546$19,008$16,905
4 years$15,808$15,207$14,632$14,082$13,557$11,544
5 years$12,520$11,922$11,355$10,816$10,305$8,389
6 years$10,329$9,735$9,176$8,650$8,154$6,336
7 years$8,764$8,176$7,626$7,112$6,632$4,910
8 years$7,591$7,008$6,467$5,966$5,502$3,876
9 years$6,679$6,102$5,570$5,082$4,633$3,101
10 years$5,950$5,378$4,856$4,380$3,948$2,507
11 years$5,354$4,788$4,275$3,812$3,395$2,043
12 years$4,858$4,298$3,794$3,344$2,942$1,675
13 years$4,438$3,884$3,390$2,952$2,566$1,380
14 years$4,079$3,530$3,046$2,621$2,249$1,142
15 years$3,768$3,225$2,750$2,337$1,980$948
16 years$3,496$2,959$2,493$2,093$1,750$789
17 years$3,256$2,725$2,269$1,880$1,552$658
18 years$3,043$2,518$2,071$1,694$1,380$550
19 years$2,853$2,334$1,896$1,531$1,230$460
20 years$2,682$2,169$1,740$1,387$1,098$385
21 years$2,527$2,020$1,600$1,258$983$323
22 years$2,387$1,885$1,475$1,144$881$271
23 years$2,259$1,763$1,362$1,042$791$228
24 years$2,142$1,652$1,260$950$711$192
25 years$2,034$1,551$1,167$868$640$161
26 years$1,935$1,457$1,082$794$576$135
27 years$1,843$1,371$1,005$726$520$114
28 years$1,759$1,292$934$666$469$96
29 years$1,680$1,219$869$610$423$81
30 years$1,606$1,151$810$560$382$68
31 years$1,537$1,088$755$514$346$57
32 years$1,473$1,030$704$473$313$48
33 years$1,413$975$658$435$283$41
34 years$1,356$924$614$400$256$34
35 years$1,303$877$574$368$232$29
36 years$1,253$832$537$339$210$24
37 years$1,206$790$503$312$191$21
38 years$1,161$751$471$288$173$17
39 years$1,119$714$441$266$157$15
40 years$1,079$680$414$245$142$12
41 years$1,041$647$388$226$129$10
42 years$1,005$616$364$209$117$9
43 years$970$587$341$193$106$7
44 years$937$560$320$178$96$6
45 years$906$534$301$164$88$5
46 years$877$509$283$152$79$4
47 years$848$486$265$140$72$4
48 years$821$464$249$129$66$3
49 years$795$443$234$120$60$3
50 years$770$423$220$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $789,000, adding $2,102 every year, while hoping to spend $37,072 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: 68/22/10 Blend
69$789,000$789,000$789,000$789,000
70$871,646$829,829$817,600$929,003
71$921,110$831,047$805,545$968,578
72$974,376$831,081$791,844$1,007,189
73$1,031,794$829,836$776,402$1,048,440
74$1,093,747$827,207$759,121$1,092,582
75$1,160,655$823,086$739,898$1,139,897
76$1,232,981$817,357$718,624$1,190,691
77$1,311,233$809,895$695,186$1,245,308
78$1,395,971$800,572$669,466$1,304,122
79$1,487,808$789,248$641,341$1,367,549
80$1,587,420$775,777$610,682$1,436,050
81$1,695,550$760,003$577,353$1,510,131
82$1,813,014$741,762$541,213$1,590,351
83$1,940,713$720,879$502,115$1,677,329
84$2,079,634$697,171$459,904$1,771,747
85$2,230,866$670,441$414,420$1,874,360
86$2,395,605$640,484$365,494$1,985,999
87$2,575,169$607,080$312,950$2,107,583
88$2,771,008$569,998$256,605$2,240,126
89$2,984,717$528,994$196,268$2,384,748
90$3,218,053$483,810$131,738$2,542,686
91$3,472,950$434,172$62,807$2,715,303
92$3,751,536$379,791$0$2,904,105
93$4,056,154$320,363$0$3,111,903
94$4,389,385$255,564$0$3,346,610
95$4,754,070$185,055$0$3,603,568
96$5,153,338$108,475$0$3,885,038
97$5,590,633$25,445$0$4,193,514
98$6,069,749$0$0$4,531,747
99$6,594,865$0$0$4,918,368
100$7,170,581$0$0$5,349,044