Can I retire at age 70 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$65,403$64,820$64,252$63,697$63,155$62,237
2 years$32,378$31,775$31,190$30,624$30,074$29,151
3 years$21,371$20,765$20,182$19,621$19,080$18,181
4 years$15,868$15,264$14,687$14,136$13,608$12,740
5 years$12,568$11,968$11,398$10,858$10,345$9,509
6 years$10,368$9,772$9,211$8,683$8,185$7,384
7 years$8,797$8,207$7,655$7,139$6,657$5,890
8 years$7,620$7,035$6,492$5,988$5,523$4,790
9 years$6,705$6,125$5,591$5,101$4,651$3,952
10 years$5,973$5,399$4,875$4,397$3,963$3,298
11 years$5,375$4,806$4,292$3,827$3,408$2,776
12 years$4,876$4,314$3,809$3,357$2,953$2,353
13 years$4,455$3,899$3,403$2,963$2,575$2,007
14 years$4,094$3,544$3,057$2,630$2,258$1,719
15 years$3,782$3,237$2,760$2,346$1,988$1,479
16 years$3,509$2,970$2,503$2,101$1,757$1,276
17 years$3,268$2,735$2,277$1,887$1,558$1,104
18 years$3,054$2,528$2,079$1,701$1,385$958
19 years$2,863$2,343$1,903$1,537$1,234$833
20 years$2,692$2,177$1,747$1,392$1,103$725
21 years$2,537$2,028$1,607$1,263$987$632
22 years$2,396$1,893$1,481$1,149$884$552
23 years$2,267$1,770$1,367$1,046$794$483
24 years$2,150$1,659$1,264$954$714$422
25 years$2,042$1,556$1,171$871$642$370
26 years$1,942$1,463$1,086$797$578$324
27 years$1,850$1,377$1,009$729$522$284
28 years$1,765$1,297$938$668$471$250
29 years$1,686$1,224$873$613$425$219
30 years$1,612$1,156$813$562$384$192
31 years$1,543$1,093$758$516$347$169
32 years$1,479$1,034$707$475$314$149
33 years$1,418$979$660$436$284$131
34 years$1,362$928$617$402$257$115
35 years$1,308$880$577$370$233$101
36 years$1,258$835$539$340$211$89
37 years$1,210$793$505$314$191$78
38 years$1,166$754$473$289$173$69
39 years$1,123$717$443$267$157$61
40 years$1,083$682$415$246$143$53
41 years$1,045$649$389$227$129$47
42 years$1,008$618$365$209$117$41
43 years$974$589$343$193$107$36
44 years$941$562$322$178$97$32
45 years$910$536$302$165$88$28
46 years$880$511$284$152$80$25
47 years$851$488$266$141$72$22
48 years$824$465$250$130$66$19
49 years$798$444$235$120$60$17
50 years$773$425$221$111$54$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $792,000, adding $2,643 every year, while hoping to spend $39,402 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: 75/6/19 Blend
69$792,000$792,000$792,000$792,000
70$875,510$833,534$821,258$937,104
71$922,889$832,454$806,847$977,196
72$973,780$830,000$790,632$1,016,032
73$1,028,499$826,064$772,512$1,057,569
74$1,087,394$820,530$752,380$1,102,065
75$1,150,848$813,275$730,124$1,149,807
76$1,219,279$804,170$705,628$1,201,110
77$1,293,148$793,077$678,769$1,256,322
78$1,372,960$779,849$649,419$1,315,828
79$1,459,273$764,332$617,445$1,380,051
80$1,552,697$746,363$582,708$1,449,459
81$1,653,905$725,767$545,061$1,524,568
82$1,763,635$702,362$504,352$1,605,948
83$1,882,700$675,951$460,422$1,694,226
84$2,011,993$646,331$413,105$1,790,095
85$2,152,498$613,283$362,226$1,894,322
86$2,305,296$576,578$307,604$2,007,748
87$2,471,577$535,970$249,049$2,131,305
88$2,652,649$491,204$186,363$2,266,021
89$2,849,953$442,007$119,340$2,413,027
90$3,065,075$388,091$47,764$2,573,575
91$3,299,758$329,153$0$2,749,042
92$3,555,923$264,872$0$2,946,751
93$3,835,684$194,908$0$3,173,290
94$4,141,368$118,902$0$3,420,865
95$4,475,537$36,478$0$3,691,570
96$4,841,011$0$0$3,987,710
97$5,240,896$0$0$4,315,309
98$5,678,612$0$0$4,676,568
99$6,157,923$0$0$5,072,190
100$6,682,978$0$0$5,505,601