Can I retire at age 70 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$66,311$65,720$65,144$64,582$64,032$63,049
2 years$32,827$32,216$31,623$31,049$30,492$29,504
3 years$21,667$21,053$20,462$19,893$19,345$18,383
4 years$16,089$15,476$14,891$14,332$13,797$12,868
5 years$12,742$12,134$11,556$11,008$10,488$9,595
6 years$10,512$9,908$9,339$8,803$8,299$7,443
7 years$8,920$8,321$7,761$7,238$6,749$5,930
8 years$7,726$7,132$6,582$6,072$5,599$4,817
9 years$6,798$6,210$5,669$5,172$4,715$3,970
10 years$6,056$5,474$4,942$4,458$4,018$3,308
11 years$5,449$4,873$4,351$3,880$3,455$2,781
12 years$4,944$4,374$3,862$3,403$2,994$2,355
13 years$4,517$3,953$3,450$3,004$2,611$2,005
14 years$4,151$3,593$3,100$2,667$2,289$1,716
15 years$3,834$3,282$2,799$2,379$2,015$1,474
16 years$3,558$3,011$2,538$2,130$1,781$1,270
17 years$3,314$2,773$2,309$1,914$1,579$1,098
18 years$3,097$2,563$2,108$1,724$1,404$951
19 years$2,903$2,375$1,930$1,558$1,252$825
20 years$2,729$2,207$1,771$1,411$1,118$718
21 years$2,572$2,056$1,629$1,281$1,000$625
22 years$2,429$1,919$1,501$1,165$897$545
23 years$2,299$1,795$1,386$1,061$805$476
24 years$2,180$1,682$1,282$967$724$415
25 years$2,070$1,578$1,187$883$651$363
26 years$1,969$1,483$1,101$808$586$318
27 years$1,876$1,396$1,023$739$529$278
28 years$1,790$1,315$951$677$477$244
29 years$1,709$1,241$885$621$431$214
30 years$1,635$1,172$824$570$389$187
31 years$1,565$1,108$768$524$352$164
32 years$1,499$1,048$717$481$318$144
33 years$1,438$993$669$442$288$127
34 years$1,381$941$625$407$261$111
35 years$1,326$892$585$375$236$98
36 years$1,275$847$547$345$214$86
37 years$1,227$804$512$318$194$75
38 years$1,182$764$479$293$176$66
39 years$1,139$727$449$270$160$58
40 years$1,098$692$421$249$145$51
41 years$1,059$658$395$230$131$45
42 years$1,022$627$370$212$119$39
43 years$987$597$347$196$108$35
44 years$954$569$326$181$98$31
45 years$922$543$306$167$89$27
46 years$892$518$288$154$81$24
47 years$863$494$270$143$73$21
48 years$836$472$254$132$67$18
49 years$809$451$239$122$61$16
50 years$784$430$224$113$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $803,000, adding $6,147 every year, while hoping to spend $20,557 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: 30/42/28 Blend
69$803,000$803,000$803,000$803,000
70$891,247$848,688$836,241$910,168
71$960,281$868,401$842,383$945,162
72$1,035,669$888,391$848,041$980,572
73$1,118,035$908,650$853,178$1,018,257
74$1,208,069$929,169$857,755$1,058,431
75$1,306,530$949,936$861,728$1,101,328
76$1,414,255$970,942$865,054$1,147,207
77$1,532,163$992,172$867,688$1,196,351
78$1,661,268$1,013,613$869,580$1,249,077
79$1,802,686$1,035,248$870,679$1,305,732
80$1,957,645$1,057,060$870,931$1,366,698
81$2,127,499$1,079,031$870,282$1,432,399
82$2,313,738$1,101,138$868,671$1,503,300
83$2,518,005$1,123,359$866,037$1,579,918
84$2,742,108$1,145,670$862,316$1,662,819
85$2,988,038$1,168,043$857,438$1,752,632
86$3,257,989$1,190,448$851,334$1,850,047
87$3,554,378$1,212,854$843,928$1,955,828
88$3,879,868$1,235,227$835,142$2,070,818
89$4,237,389$1,257,528$824,894$2,195,945
90$4,630,174$1,279,718$813,099$2,332,236
91$5,061,781$1,301,754$799,667$2,480,822
92$5,536,131$1,323,588$784,504$2,642,952
93$6,057,543$1,345,170$767,512$2,820,002
94$6,630,776$1,366,447$748,587$3,013,493
95$7,261,072$1,387,360$727,622$3,225,101
96$7,954,209$1,407,848$704,504$3,456,677
97$8,716,549$1,427,843$679,116$3,710,260
98$9,555,105$1,447,276$651,335$3,988,102
99$10,477,601$1,466,068$621,031$4,292,686
100$11,492,551$1,484,140$588,069$4,626,751