Can I retire at age 70 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$67,137$66,539$65,955$65,386$64,830$62,679
2 years$33,236$32,617$32,017$31,435$30,871$28,726
3 years$21,937$21,316$20,717$20,141$19,586$17,512
4 years$16,289$15,669$15,077$14,510$13,969$11,983
5 years$12,901$12,285$11,700$11,145$10,619$8,727
6 years$10,643$10,032$9,456$8,913$8,402$6,605
7 years$9,031$8,424$7,858$7,328$6,833$5,131
8 years$7,822$7,221$6,664$6,147$5,669$4,059
9 years$6,883$6,287$5,740$5,236$4,774$3,256
10 years$6,131$5,542$5,004$4,514$4,068$2,639
11 years$5,517$4,934$4,405$3,928$3,498$2,156
12 years$5,006$4,428$3,910$3,446$3,032$1,772
13 years$4,573$4,002$3,493$3,042$2,644$1,464
14 years$4,203$3,638$3,138$2,700$2,317$1,215
15 years$3,882$3,323$2,834$2,408$2,040$1,011
16 years$3,602$3,049$2,569$2,156$1,803$844
17 years$3,355$2,808$2,338$1,937$1,599$706
18 years$3,135$2,595$2,134$1,746$1,422$592
19 years$2,939$2,405$1,954$1,578$1,267$497
20 years$2,763$2,234$1,793$1,429$1,132$417
21 years$2,604$2,081$1,649$1,297$1,013$351
22 years$2,459$1,943$1,520$1,179$908$296
23 years$2,328$1,817$1,403$1,074$815$249
24 years$2,207$1,703$1,298$979$733$210
25 years$2,096$1,598$1,202$894$659$177
26 years$1,994$1,502$1,115$818$594$150
27 years$1,900$1,413$1,035$749$535$126
28 years$1,812$1,332$962$686$483$107
29 years$1,731$1,256$896$629$436$90
30 years$1,655$1,186$834$577$394$76
31 years$1,584$1,122$778$530$356$64
32 years$1,518$1,061$726$487$322$54
33 years$1,456$1,005$678$448$292$46
34 years$1,398$952$633$412$264$39
35 years$1,343$903$592$379$239$33
36 years$1,291$857$554$349$217$28
37 years$1,242$814$518$322$196$24
38 years$1,196$774$485$297$178$20
39 years$1,153$736$455$274$161$17
40 years$1,111$700$426$252$146$14
41 years$1,072$667$400$233$133$12
42 years$1,035$635$375$215$121$10
43 years$1,000$605$352$198$109$9
44 years$966$577$330$183$99$7
45 years$934$550$310$169$90$6
46 years$903$524$291$156$82$5
47 years$874$500$274$144$74$4
48 years$846$478$257$133$68$4
49 years$819$456$242$123$61$3
50 years$794$436$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $813,000, adding $4,443 every year, while hoping to spend $45,227 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: 48/42/10 Blend
69$813,000$813,000$813,000$813,000
70$900,509$857,420$844,818$941,073
71$944,240$851,312$824,999$963,307
72$990,915$843,390$802,999$982,343
73$1,040,788$833,515$778,699$1,001,976
74$1,094,135$821,544$751,972$1,022,275
75$1,151,260$807,323$722,686$1,043,321
76$1,212,495$790,689$690,703$1,065,203
77$1,278,207$771,469$655,879$1,088,024
78$1,348,795$749,482$618,062$1,111,900
79$1,424,699$724,535$577,094$1,136,962
80$1,506,404$696,422$532,812$1,163,360
81$1,594,438$664,928$485,042$1,191,260
82$1,689,385$629,823$433,605$1,220,851
83$1,791,884$590,867$378,313$1,252,347
84$1,902,639$547,802$318,970$1,285,985
85$2,022,423$500,358$255,369$1,322,036
86$2,152,084$448,250$187,298$1,360,799
87$2,292,557$391,175$114,534$1,402,613
88$2,444,869$328,813$36,841$1,447,857
89$2,610,148$260,828$0$1,496,953
90$2,789,637$186,862$0$1,555,292
91$2,984,701$106,539$0$1,623,001
92$3,196,843$19,462$0$1,696,765
93$3,427,716$0$0$1,777,274
94$3,679,139$0$0$1,899,859
95$3,953,114$0$0$2,043,324
96$4,251,843$0$0$2,199,837
97$4,577,752$0$0$2,370,679
98$4,933,508$0$0$2,557,261
99$5,322,049$0$0$2,761,134
100$5,746,609$0$0$2,984,008