Can I retire at age 70 with 798,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$65,898$65,311$64,738$64,179$63,634$62,121
2 years$32,623$32,015$31,426$30,856$30,302$28,786
3 years$21,533$20,922$20,335$19,769$19,225$17,754
4 years$15,988$15,380$14,799$14,243$13,711$12,297
5 years$12,663$12,058$11,484$10,940$10,423$9,069
6 years$10,447$9,846$9,281$8,749$8,247$6,955
7 years$8,864$8,269$7,713$7,193$6,707$5,476
8 years$7,678$7,088$6,541$6,034$5,564$4,395
9 years$6,756$6,171$5,634$5,139$4,686$3,576
10 years$6,018$5,440$4,912$4,430$3,993$2,942
11 years$5,415$4,843$4,324$3,856$3,434$2,441
12 years$4,913$4,347$3,838$3,382$2,976$2,039
13 years$4,489$3,928$3,429$2,986$2,595$1,712
14 years$4,125$3,570$3,081$2,650$2,275$1,444
15 years$3,811$3,262$2,781$2,364$2,003$1,222
16 years$3,535$2,993$2,522$2,116$1,770$1,038
17 years$3,293$2,756$2,295$1,902$1,569$884
18 years$3,078$2,547$2,095$1,714$1,395$754
19 years$2,885$2,360$1,918$1,548$1,244$644
20 years$2,712$2,193$1,760$1,402$1,111$551
21 years$2,556$2,043$1,619$1,273$994$473
22 years$2,414$1,907$1,492$1,157$891$405
23 years$2,285$1,784$1,378$1,054$800$348
24 years$2,166$1,671$1,274$961$719$299
25 years$2,057$1,568$1,180$878$647$257
26 years$1,957$1,474$1,094$803$583$221
27 years$1,864$1,387$1,016$735$525$191
28 years$1,779$1,307$945$673$474$164
29 years$1,699$1,233$879$617$428$141
30 years$1,624$1,165$819$567$387$122
31 years$1,555$1,101$763$520$350$105
32 years$1,490$1,042$712$478$316$91
33 years$1,429$986$665$440$286$78
34 years$1,372$935$621$405$259$67
35 years$1,318$887$581$372$235$58
36 years$1,267$842$543$343$213$50
37 years$1,220$799$509$316$193$43
38 years$1,174$760$476$291$175$37
39 years$1,132$722$446$269$159$32
40 years$1,091$687$418$248$144$28
41 years$1,053$654$392$229$130$24
42 years$1,016$623$368$211$118$21
43 years$981$594$345$195$107$18
44 years$948$566$324$180$98$15
45 years$917$540$304$166$89$13
46 years$887$515$286$153$80$12
47 years$858$491$269$142$73$10
48 years$830$469$252$131$66$9
49 years$804$448$237$121$60$7
50 years$779$428$223$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $798,000, adding $2,954 every year, while hoping to spend $37,625 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: 44/34/22 Blend
69$798,000$798,000$798,000$798,000
70$882,443$840,149$827,780$915,529
71$932,420$841,284$815,478$940,338
72$986,233$841,213$801,503$963,315
73$1,044,234$839,838$785,759$987,458
74$1,106,809$837,054$768,145$1,012,894
75$1,174,384$832,749$748,558$1,039,766
76$1,247,423$826,806$726,887$1,068,233
77$1,326,440$819,099$703,017$1,098,472
78$1,411,998$809,496$676,829$1,130,682
79$1,504,715$797,855$648,197$1,165,085
80$1,605,274$784,027$616,989$1,201,928
81$1,714,423$767,856$583,069$1,241,487
82$1,832,985$749,172$546,293$1,284,068
83$1,961,867$727,798$506,511$1,330,014
84$2,102,065$703,548$463,567$1,379,707
85$2,254,676$676,223$417,297$1,433,569
86$2,420,907$645,612$367,531$1,492,072
87$2,602,086$611,493$314,089$1,555,740
88$2,799,673$573,630$256,785$1,625,156
89$3,015,278$531,777$195,426$1,700,966
90$3,250,671$485,668$129,807$1,783,891
91$3,507,800$435,027$59,717$1,874,726
92$3,788,812$379,559$0$1,974,358
93$4,096,069$318,956$0$2,087,310
94$4,432,170$252,887$0$2,226,320
95$4,799,981$181,008$0$2,378,620
96$5,202,654$102,952$0$2,545,608
97$5,643,661$18,333$0$2,728,829
98$6,126,827$0$0$2,929,993
99$6,656,362$0$0$3,178,394
100$7,236,905$0$0$3,458,339