Can I retire at age 70 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$65,981$65,393$64,820$64,260$63,713$63,338
2 years$32,664$32,055$31,466$30,894$30,340$29,961
3 years$21,559$20,949$20,360$19,794$19,249$18,879
4 years$16,008$15,399$14,817$14,261$13,728$13,370
5 years$12,679$12,073$11,499$10,954$10,436$10,090
6 years$10,460$9,859$9,293$8,760$8,258$7,924
7 years$8,875$8,279$7,722$7,202$6,716$6,395
8 years$7,687$7,097$6,549$6,041$5,571$5,264
9 years$6,764$6,179$5,641$5,146$4,692$4,397
10 years$6,026$5,447$4,918$4,436$3,998$3,715
11 years$5,422$4,849$4,329$3,860$3,438$3,168
12 years$4,919$4,352$3,842$3,386$2,979$2,722
13 years$4,494$3,933$3,433$2,989$2,598$2,353
14 years$4,131$3,575$3,084$2,654$2,278$2,044
15 years$3,815$3,266$2,785$2,367$2,005$1,783
16 years$3,540$2,996$2,525$2,119$1,772$1,561
17 years$3,297$2,759$2,298$1,904$1,571$1,371
18 years$3,081$2,550$2,097$1,716$1,397$1,207
19 years$2,889$2,363$1,920$1,550$1,245$1,065
20 years$2,716$2,196$1,762$1,404$1,112$942
21 years$2,559$2,045$1,621$1,274$995$835
22 years$2,417$1,909$1,494$1,159$892$740
23 years$2,287$1,786$1,379$1,055$801$658
24 years$2,169$1,673$1,276$962$720$585
25 years$2,060$1,570$1,181$879$648$521
26 years$1,960$1,476$1,096$804$584$464
27 years$1,867$1,389$1,017$736$526$414
28 years$1,781$1,309$946$674$475$369
29 years$1,701$1,235$880$618$429$330
30 years$1,626$1,166$820$567$387$295
31 years$1,557$1,102$764$521$350$263
32 years$1,492$1,043$713$479$317$236
33 years$1,431$988$666$440$287$211
34 years$1,374$936$622$405$260$189
35 years$1,320$888$582$373$235$169
36 years$1,269$843$544$343$213$151
37 years$1,221$800$509$316$193$135
38 years$1,176$761$477$292$175$121
39 years$1,133$723$447$269$159$109
40 years$1,092$688$419$248$144$97
41 years$1,054$655$393$229$131$87
42 years$1,017$624$368$211$119$78
43 years$982$594$346$195$108$70
44 years$949$567$324$180$98$63
45 years$918$540$305$166$89$57
46 years$888$515$286$154$80$51
47 years$859$492$269$142$73$45
48 years$831$470$253$131$66$41
49 years$805$448$237$121$60$37
50 years$780$428$223$112$55$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $799,000, adding $3,016 every year, while hoping to spend $47,354 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: 59/23/18 Blend
69$799,000$799,000$799,000$799,000
70$883,609$841,262$828,878$931,431
71$923,353$832,100$806,261$954,999
72$965,563$820,901$781,299$975,221
73$1,010,442$807,517$753,864$996,194
74$1,058,210$791,788$723,821$1,017,999
75$1,109,109$773,546$691,030$1,040,726
76$1,163,402$752,614$655,344$1,064,476
77$1,221,380$728,803$616,609$1,089,365
78$1,283,360$701,914$574,665$1,115,521
79$1,349,690$671,735$529,343$1,143,088
80$1,420,752$638,043$480,469$1,172,228
81$1,496,964$600,603$427,860$1,203,121
82$1,578,785$559,163$371,324$1,235,972
83$1,666,719$513,461$310,662$1,271,007
84$1,761,321$463,216$245,665$1,308,479
85$1,863,196$408,134$176,116$1,348,673
86$1,973,013$347,904$101,786$1,391,904
87$2,091,503$282,194$22,440$1,438,525
88$2,219,473$210,658$0$1,488,931
89$2,357,807$132,928$0$1,555,512
90$2,507,477$48,615$0$1,632,182
91$2,669,553$0$0$1,715,220
92$2,845,209$0$0$1,816,092
93$3,035,738$0$0$1,938,905
94$3,242,561$0$0$2,072,279
95$3,467,241$0$0$2,217,228
96$3,711,497$0$0$2,374,870
97$3,977,221$0$0$2,546,433
98$4,266,495$0$0$2,733,270
99$4,581,608$0$0$2,936,867
100$4,925,080$0$0$3,158,862