Can I retire at age 70 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$65,898$65,311$64,738$64,179$63,634$63,180
2 years$32,623$32,015$31,426$30,856$30,302$29,844
3 years$21,533$20,922$20,335$19,769$19,225$18,777
4 years$15,988$15,380$14,799$14,243$13,711$13,278
5 years$12,663$12,058$11,484$10,940$10,423$10,005
6 years$10,447$9,846$9,281$8,749$8,247$7,845
7 years$8,864$8,269$7,713$7,193$6,707$6,320
8 years$7,678$7,088$6,541$6,034$5,564$5,193
9 years$6,756$6,171$5,634$5,139$4,686$4,331
10 years$6,018$5,440$4,912$4,430$3,993$3,653
11 years$5,415$4,843$4,324$3,856$3,434$3,109
12 years$4,913$4,347$3,838$3,382$2,976$2,666
13 years$4,489$3,928$3,429$2,986$2,595$2,300
14 years$4,125$3,570$3,081$2,650$2,275$1,994
15 years$3,811$3,262$2,781$2,364$2,003$1,736
16 years$3,535$2,993$2,522$2,116$1,770$1,517
17 years$3,293$2,756$2,295$1,902$1,569$1,329
18 years$3,078$2,547$2,095$1,714$1,395$1,168
19 years$2,885$2,360$1,918$1,548$1,244$1,029
20 years$2,712$2,193$1,760$1,402$1,111$908
21 years$2,556$2,043$1,619$1,273$994$802
22 years$2,414$1,907$1,492$1,157$891$710
23 years$2,285$1,784$1,378$1,054$800$630
24 years$2,166$1,671$1,274$961$719$559
25 years$2,057$1,568$1,180$878$647$496
26 years$1,957$1,474$1,094$803$583$441
27 years$1,864$1,387$1,016$735$525$392
28 years$1,779$1,307$945$673$474$349
29 years$1,699$1,233$879$617$428$311
30 years$1,624$1,165$819$567$387$277
31 years$1,555$1,101$763$520$350$247
32 years$1,490$1,042$712$478$316$221
33 years$1,429$986$665$440$286$197
34 years$1,372$935$621$405$259$176
35 years$1,318$887$581$372$235$157
36 years$1,267$842$543$343$213$140
37 years$1,220$799$509$316$193$125
38 years$1,174$760$476$291$175$112
39 years$1,132$722$446$269$159$100
40 years$1,091$687$418$248$144$90
41 years$1,053$654$392$229$130$80
42 years$1,016$623$368$211$118$72
43 years$981$594$345$195$107$64
44 years$948$566$324$180$98$57
45 years$917$540$304$166$89$51
46 years$887$515$286$153$80$46
47 years$858$491$269$142$73$41
48 years$830$469$252$131$66$37
49 years$804$448$237$121$60$33
50 years$779$428$223$112$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $798,000, adding $3,581 every year, while hoping to spend $27,877 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: 54/39/7 Blend
69$798,000$798,000$798,000$798,000
70$883,090$840,796$828,427$929,137
71$943,504$852,334$826,518$972,223
72$1,009,146$863,503$823,611$1,015,716
73$1,080,520$874,256$819,643$1,062,375
74$1,158,180$884,541$814,548$1,112,504
75$1,242,736$894,305$808,257$1,166,440
76$1,334,859$903,490$800,698$1,224,552
77$1,435,287$912,034$791,794$1,287,249
78$1,544,834$919,871$781,466$1,354,984
79$1,664,393$926,931$769,632$1,428,252
80$1,794,950$933,139$756,203$1,507,604
81$1,937,589$938,417$741,090$1,593,646
82$2,093,503$942,679$724,196$1,687,046
83$2,264,006$945,836$705,423$1,788,543
84$2,450,545$947,792$684,664$1,898,951
85$2,654,712$948,446$661,812$2,019,168
86$2,878,262$947,689$636,752$2,150,186
87$3,123,127$945,408$609,365$2,293,099
88$3,391,433$941,480$579,526$2,449,114
89$3,685,523$935,776$547,104$2,619,564
90$4,007,978$928,160$511,964$2,805,917
91$4,361,638$918,487$473,961$3,009,796
92$4,749,635$906,603$432,949$3,232,989
93$5,175,415$892,344$388,770$3,477,470
94$5,642,777$875,538$341,263$3,745,417
95$6,155,903$856,002$290,258$4,039,231
96$6,719,400$833,542$235,577$4,361,563
97$7,338,346$807,952$177,036$4,715,336
98$8,018,332$779,016$114,441$5,103,776
99$8,765,517$746,503$47,590$5,530,439
100$9,586,689$710,171$0$5,999,249