Can I retire at age 70 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$67,219$66,621$66,036$65,466$64,910$63,703
2 years$33,277$32,657$32,057$31,474$30,909$29,698
3 years$21,964$21,342$20,743$20,166$19,610$18,433
4 years$16,309$15,688$15,095$14,528$13,986$12,851
5 years$12,917$12,300$11,715$11,159$10,632$9,542
6 years$10,656$10,044$9,467$8,924$8,413$7,370
7 years$9,042$8,435$7,867$7,337$6,842$5,846
8 years$7,832$7,230$6,672$6,155$5,676$4,727
9 years$6,891$6,295$5,747$5,243$4,780$3,877
10 years$6,139$5,549$5,010$4,519$4,073$3,215
11 years$5,524$4,940$4,411$3,933$3,503$2,689
12 years$5,012$4,434$3,914$3,450$3,035$2,265
13 years$4,579$4,007$3,497$3,046$2,647$1,919
14 years$4,208$3,642$3,142$2,704$2,320$1,633
15 years$3,887$3,327$2,837$2,411$2,043$1,395
16 years$3,606$3,053$2,572$2,159$1,806$1,195
17 years$3,359$2,811$2,341$1,940$1,601$1,027
18 years$3,139$2,598$2,137$1,748$1,423$885
19 years$2,943$2,408$1,956$1,580$1,269$763
20 years$2,767$2,237$1,795$1,431$1,133$660
21 years$2,607$2,084$1,651$1,298$1,014$571
22 years$2,462$1,945$1,522$1,180$909$495
23 years$2,330$1,819$1,405$1,075$816$429
24 years$2,210$1,705$1,300$981$733$373
25 years$2,099$1,600$1,204$895$660$324
26 years$1,996$1,503$1,116$819$595$282
27 years$1,902$1,415$1,037$749$536$245
28 years$1,814$1,333$964$687$484$213
29 years$1,733$1,258$897$630$437$186
30 years$1,657$1,188$835$578$395$162
31 years$1,586$1,123$779$531$357$141
32 years$1,520$1,063$727$488$323$123
33 years$1,458$1,006$678$449$292$107
34 years$1,399$954$634$413$264$93
35 years$1,345$905$593$380$239$81
36 years$1,293$859$554$350$217$71
37 years$1,244$815$519$322$197$62
38 years$1,198$775$486$297$178$54
39 years$1,154$737$455$274$162$47
40 years$1,113$701$427$253$147$41
41 years$1,074$667$400$233$133$36
42 years$1,036$636$375$215$121$31
43 years$1,001$606$352$199$110$27
44 years$967$577$331$183$99$24
45 years$935$550$310$169$90$21
46 years$904$525$292$156$82$18
47 years$875$501$274$145$74$16
48 years$847$478$257$134$68$14
49 years$820$457$242$123$61$12
50 years$795$436$227$114$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $814,000, adding $4,798 every year, while hoping to spend $20,980 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: 59/13/28 Blend
69$814,000$814,000$814,000$814,000
70$901,977$858,835$846,218$948,070
71$971,656$878,596$852,244$999,883
72$1,047,739$898,621$857,768$1,053,734
73$1,130,858$918,902$862,753$1,112,039
74$1,221,706$939,429$867,156$1,175,237
75$1,321,049$960,191$870,934$1,243,811
76$1,429,729$981,173$874,044$1,318,294
77$1,548,674$1,002,362$876,436$1,399,274
78$1,678,903$1,023,743$878,062$1,487,397
79$1,821,543$1,045,298$878,868$1,583,377
80$1,977,830$1,067,008$878,800$1,688,002
81$2,149,130$1,088,851$877,801$1,802,137
82$2,336,943$1,110,807$875,809$1,926,740
83$2,542,924$1,132,849$872,761$2,062,863
84$2,768,894$1,154,951$868,591$2,211,670
85$3,016,862$1,177,084$863,229$2,374,440
86$3,289,036$1,199,216$856,602$2,552,585
87$3,587,853$1,221,312$848,633$2,747,662
88$3,915,994$1,243,337$839,242$2,961,386
89$4,276,414$1,265,249$828,346$3,195,650
90$4,672,368$1,287,006$815,855$3,452,537
91$5,107,442$1,308,562$801,679$3,734,347
92$5,585,586$1,329,866$785,720$4,043,613
93$6,111,152$1,350,866$767,877$4,383,128
94$6,688,934$1,371,503$748,046$4,755,972
95$7,324,216$1,391,717$726,116$5,165,538
96$8,022,815$1,411,441$701,971$5,615,569
97$8,791,145$1,430,604$675,490$6,110,188
98$9,636,270$1,449,132$646,547$6,653,942
99$10,565,974$1,466,943$615,009$7,251,842
100$11,588,831$1,483,951$580,740$7,909,413