Can I retire at age 70 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$65,733$65,147$64,576$64,019$63,474$62,995
2 years$32,541$31,935$31,348$30,778$30,226$29,743
3 years$21,479$20,870$20,284$19,720$19,176$18,704
4 years$15,948$15,342$14,762$14,207$13,677$13,219
5 years$12,631$12,028$11,456$10,912$10,397$9,956
6 years$10,420$9,822$9,258$8,727$8,227$7,802
7 years$8,842$8,248$7,693$7,175$6,691$6,282
8 years$7,659$7,070$6,525$6,019$5,550$5,159
9 years$6,739$6,156$5,620$5,127$4,674$4,300
10 years$6,003$5,426$4,899$4,419$3,983$3,625
11 years$5,402$4,831$4,313$3,846$3,425$3,083
12 years$4,901$4,336$3,828$3,373$2,968$2,642
13 years$4,478$3,918$3,420$2,978$2,588$2,278
14 years$4,115$3,562$3,073$2,644$2,269$1,974
15 years$3,801$3,254$2,774$2,358$1,998$1,717
16 years$3,527$2,985$2,515$2,111$1,766$1,499
17 years$3,285$2,749$2,289$1,897$1,566$1,313
18 years$3,070$2,540$2,089$1,709$1,392$1,153
19 years$2,878$2,354$1,913$1,545$1,241$1,015
20 years$2,705$2,188$1,755$1,399$1,108$895
21 years$2,549$2,038$1,615$1,270$992$790
22 years$2,408$1,902$1,488$1,154$889$699
23 years$2,279$1,779$1,374$1,051$798$619
24 years$2,161$1,667$1,271$959$717$549
25 years$2,052$1,564$1,177$876$645$487
26 years$1,952$1,470$1,092$801$581$433
27 years$1,860$1,384$1,014$733$524$385
28 years$1,774$1,304$942$671$473$342
29 years$1,694$1,230$877$616$427$305
30 years$1,620$1,162$817$565$386$271
31 years$1,551$1,098$761$519$349$242
32 years$1,486$1,039$710$477$316$216
33 years$1,426$984$663$439$286$192
34 years$1,368$933$620$404$259$171
35 years$1,315$885$579$372$234$153
36 years$1,264$840$542$342$212$137
37 years$1,217$797$507$315$192$122
38 years$1,171$758$475$291$174$109
39 years$1,129$721$445$268$158$97
40 years$1,088$686$417$247$143$87
41 years$1,050$653$391$228$130$78
42 years$1,013$622$367$210$118$69
43 years$979$592$344$194$107$62
44 years$946$564$323$179$97$55
45 years$914$538$304$166$88$49
46 years$884$513$285$153$80$44
47 years$856$490$268$141$73$40
48 years$828$468$252$131$66$35
49 years$802$447$237$121$60$32
50 years$777$427$222$112$55$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $796,000, adding $6,162 every year, while hoping to spend $46,278 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: 32/40/28 Blend
69$796,000$796,000$796,000$796,000
70$883,548$841,360$829,022$904,120
71$924,431$833,347$807,555$912,388
72$967,932$823,391$783,818$916,777
73$1,014,271$811,347$757,685$920,601
74$1,063,686$797,062$729,027$923,841
75$1,116,439$780,375$697,706$926,483
76$1,172,817$761,115$663,581$928,516
77$1,233,134$739,099$626,500$929,930
78$1,297,735$714,137$586,310$930,721
79$1,366,999$686,024$542,846$930,891
80$1,441,339$654,546$495,938$930,447
81$1,521,212$619,475$445,408$929,401
82$1,607,117$580,570$391,070$927,777
83$1,699,602$537,578$332,731$925,603
84$1,799,271$490,228$270,187$922,922
85$1,906,785$438,238$203,226$919,786
86$2,022,870$381,305$131,628$916,262
87$2,148,327$319,113$55,161$912,432
88$2,284,032$251,325$0$908,394
89$2,430,952$177,589$0$912,168
90$2,590,147$97,528$0$934,096
91$2,762,784$10,749$0$957,925
92$2,950,145$0$0$983,932
93$3,153,643$0$0$1,049,036
94$3,374,828$0$0$1,125,049
95$3,615,410$0$0$1,207,838
96$3,877,265$0$0$1,298,065
97$4,162,462$0$0$1,396,457
98$4,473,275$0$0$1,503,813
99$4,812,207$0$0$1,621,015
100$5,182,015$0$0$1,749,031