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%11.3%
1 years$65,403$64,820$64,252$63,697$63,155$62,810
2 years$32,378$31,775$31,190$30,624$30,074$29,725
3 years$21,371$20,765$20,182$19,621$19,080$18,739
4 years$15,868$15,264$14,687$14,136$13,608$13,278
5 years$12,568$11,968$11,398$10,858$10,345$10,025
6 years$10,368$9,772$9,211$8,683$8,185$7,878
7 years$8,797$8,207$7,655$7,139$6,657$6,361
8 years$7,620$7,035$6,492$5,988$5,523$5,239
9 years$6,705$6,125$5,591$5,101$4,651$4,379
10 years$5,973$5,399$4,875$4,397$3,963$3,702
11 years$5,375$4,806$4,292$3,827$3,408$3,159
12 years$4,876$4,314$3,809$3,357$2,953$2,716
13 years$4,455$3,899$3,403$2,963$2,575$2,349
14 years$4,094$3,544$3,057$2,630$2,258$2,042
15 years$3,782$3,237$2,760$2,346$1,988$1,782
16 years$3,509$2,970$2,503$2,101$1,757$1,562
17 years$3,268$2,735$2,277$1,887$1,558$1,372
18 years$3,054$2,528$2,079$1,701$1,385$1,209
19 years$2,863$2,343$1,903$1,537$1,234$1,068
20 years$2,692$2,177$1,747$1,392$1,103$945
21 years$2,537$2,028$1,607$1,263$987$838
22 years$2,396$1,893$1,481$1,149$884$744
23 years$2,267$1,770$1,367$1,046$794$661
24 years$2,150$1,659$1,264$954$714$589
25 years$2,042$1,556$1,171$871$642$524
26 years$1,942$1,463$1,086$797$578$468
27 years$1,850$1,377$1,009$729$522$417
28 years$1,765$1,297$938$668$471$373
29 years$1,686$1,224$873$613$425$333
30 years$1,612$1,156$813$562$384$298
31 years$1,543$1,093$758$516$347$267
32 years$1,479$1,034$707$475$314$239
33 years$1,418$979$660$436$284$214
34 years$1,362$928$617$402$257$191
35 years$1,308$880$577$370$233$171
36 years$1,258$835$539$340$211$154
37 years$1,210$793$505$314$191$138
38 years$1,166$754$473$289$173$124
39 years$1,123$717$443$267$157$111
40 years$1,083$682$415$246$143$99
41 years$1,045$649$389$227$129$89
42 years$1,008$618$365$209$117$80
43 years$974$589$343$193$107$72
44 years$941$562$322$178$97$64
45 years$910$536$302$165$88$58
46 years$880$511$284$152$80$52
47 years$851$488$266$141$72$47
48 years$824$465$250$130$66$42
49 years$798$444$235$120$60$38
50 years$773$425$221$111$54$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $792,000, adding $2,242 every year, while hoping to spend $48,095 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: 53/34/13 Blend
69$792,000$792,000$792,000$792,000
70$875,097$833,121$820,845$918,361
71$913,184$822,771$797,170$937,749
72$953,544$810,302$771,091$953,492
73$996,358$795,559$742,475$969,520
74$1,041,824$778,379$711,185$985,872
75$1,090,159$758,588$677,079$1,002,594
76$1,141,598$736,003$640,004$1,019,739
77$1,196,403$710,428$599,806$1,037,367
78$1,254,855$681,659$556,319$1,055,549
79$1,317,267$649,477$509,372$1,074,366
80$1,383,980$613,652$458,787$1,093,911
81$1,455,366$573,941$404,377$1,114,291
82$1,531,835$530,086$345,945$1,135,627
83$1,613,837$481,815$283,289$1,158,057
84$1,701,864$428,840$216,195$1,181,737
85$1,796,458$370,857$144,441$1,206,846
86$1,898,211$307,544$67,795$1,233,584
87$2,007,777$238,562$0$1,262,179
88$2,125,871$163,552$0$1,294,829
89$2,253,280$82,136$0$1,340,044
90$2,390,867$0$0$1,388,771
91$2,539,582$0$0$1,443,691
92$2,700,469$0$0$1,536,411
93$2,874,675$0$0$1,636,872
94$3,063,461$0$0$1,745,808
95$3,268,213$0$0$1,864,027
96$3,490,456$0$0$1,992,419
97$3,731,869$0$0$2,131,963
98$3,994,295$0$0$2,283,733
99$4,279,764$0$0$2,448,916
100$4,590,510$0$0$2,628,812