Can I retire at age 70 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$66,972$66,375$65,793$65,225$64,670$64,022
2 years$33,154$32,537$31,938$31,358$30,795$30,142
3 years$21,883$21,263$20,666$20,091$19,538$18,900
4 years$16,249$15,631$15,040$14,475$13,935$13,317
5 years$12,869$12,255$11,671$11,118$10,593$9,998
6 years$10,617$10,007$9,432$8,891$8,382$7,810
7 years$9,008$8,404$7,838$7,310$6,817$6,268
8 years$7,803$7,204$6,647$6,132$5,655$5,130
9 years$6,866$6,272$5,725$5,223$4,762$4,260
10 years$6,116$5,528$4,992$4,502$4,058$3,578
11 years$5,504$4,922$4,395$3,918$3,490$3,033
12 years$4,993$4,417$3,900$3,437$3,024$2,589
13 years$4,562$3,992$3,484$3,034$2,637$2,223
14 years$4,193$3,629$3,131$2,694$2,312$1,919
15 years$3,873$3,315$2,827$2,402$2,035$1,663
16 years$3,593$3,041$2,563$2,151$1,799$1,446
17 years$3,347$2,801$2,332$1,933$1,595$1,261
18 years$3,128$2,588$2,129$1,742$1,418$1,103
19 years$2,932$2,399$1,949$1,574$1,264$966
20 years$2,756$2,229$1,789$1,425$1,129$848
21 years$2,597$2,076$1,645$1,294$1,010$746
22 years$2,453$1,938$1,516$1,176$906$657
23 years$2,322$1,813$1,400$1,071$813$579
24 years$2,201$1,698$1,295$977$731$511
25 years$2,091$1,594$1,199$892$658$451
26 years$1,989$1,498$1,112$816$592$399
27 years$1,895$1,410$1,033$747$534$353
28 years$1,808$1,328$960$684$482$313
29 years$1,726$1,253$893$627$435$277
30 years$1,651$1,183$832$576$393$245
31 years$1,580$1,119$776$529$355$218
32 years$1,514$1,059$724$486$322$193
33 years$1,452$1,003$676$447$291$171
34 years$1,394$950$632$411$263$152
35 years$1,340$901$590$379$239$135
36 years$1,288$855$552$349$216$120
37 years$1,239$812$517$321$196$106
38 years$1,193$772$484$296$178$95
39 years$1,150$734$454$273$161$84
40 years$1,109$698$425$252$146$75
41 years$1,070$665$399$232$133$66
42 years$1,033$633$374$214$120$59
43 years$997$603$351$198$109$52
44 years$964$575$329$183$99$47
45 years$932$548$309$169$90$41
46 years$901$523$290$156$82$37
47 years$872$499$273$144$74$33
48 years$844$477$256$133$67$29
49 years$817$455$241$123$61$26
50 years$792$435$227$114$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $811,000, adding $5,647 every year, while hoping to spend $40,255 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: 81/7/12 Blend
69$811,000$811,000$811,000$811,000
70$899,547$856,564$843,993$969,998
71$948,470$855,705$829,436$1,016,182
72$1,001,033$853,454$813,042$1,061,024
73$1,057,567$849,701$794,707$1,109,063
74$1,118,431$844,329$774,322$1,160,599
75$1,184,023$837,213$751,774$1,215,962
76$1,254,778$828,221$726,943$1,275,517
77$1,331,175$817,213$699,705$1,339,665
78$1,413,738$804,040$669,929$1,408,849
79$1,503,047$788,546$637,479$1,483,557
80$1,599,736$770,563$602,213$1,564,326
81$1,704,505$749,916$563,982$1,651,747
82$1,818,119$726,417$522,631$1,746,473
83$1,941,425$699,869$477,996$1,849,224
84$2,075,350$670,062$429,909$1,960,792
85$2,220,917$636,776$378,192$2,082,052
86$2,379,248$599,776$322,659$2,213,965
87$2,551,581$558,815$263,118$2,357,594
88$2,739,276$513,630$199,366$2,514,110
89$2,943,830$463,946$131,193$2,684,802
90$3,166,891$409,469$58,378$2,871,092
91$3,410,271$349,891$0$3,074,548
92$3,675,968$284,885$0$3,299,373
93$3,966,178$214,106$0$3,553,135
94$4,283,321$137,189$0$3,830,484
95$4,630,058$53,750$0$4,133,768
96$5,009,323$0$0$4,465,575
97$5,424,343$0$0$4,831,576
98$5,878,673$0$0$5,236,795
99$6,376,228$0$0$5,680,588
100$6,921,318$0$0$6,166,802