Can I retire at age 70 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$67,302$66,702$66,118$65,547$64,989$64,151
2 years$33,318$32,697$32,096$31,513$30,947$30,103
3 years$21,991$21,368$20,768$20,191$19,634$18,812
4 years$16,329$15,708$15,114$14,546$14,003$13,208
5 years$12,933$12,315$11,729$11,173$10,645$9,880
6 years$10,669$10,056$9,479$8,935$8,423$7,688
7 years$9,053$8,445$7,877$7,346$6,850$6,147
8 years$7,841$7,239$6,680$6,162$5,683$5,010
9 years$6,899$6,303$5,754$5,249$4,786$4,144
10 years$6,146$5,556$5,016$4,525$4,078$3,466
11 years$5,531$4,946$4,416$3,938$3,507$2,925
12 years$5,018$4,439$3,919$3,454$3,039$2,486
13 years$4,584$4,012$3,502$3,049$2,650$2,125
14 years$4,213$3,647$3,146$2,707$2,323$1,825
15 years$3,892$3,331$2,841$2,414$2,045$1,574
16 years$3,611$3,056$2,575$2,162$1,808$1,362
17 years$3,363$2,815$2,344$1,942$1,603$1,182
18 years$3,143$2,601$2,139$1,750$1,425$1,029
19 years$2,947$2,411$1,958$1,581$1,270$897
20 years$2,770$2,240$1,797$1,432$1,135$783
21 years$2,610$2,086$1,653$1,300$1,015$685
22 years$2,465$1,948$1,524$1,182$910$600
23 years$2,333$1,822$1,407$1,076$817$526
24 years$2,212$1,707$1,301$982$734$462
25 years$2,101$1,602$1,205$897$661$406
26 years$1,999$1,505$1,118$820$595$357
27 years$1,904$1,417$1,038$750$537$314
28 years$1,816$1,335$965$688$484$276
29 years$1,735$1,259$898$630$437$243
30 years$1,659$1,189$836$579$395$215
31 years$1,588$1,124$780$531$357$189
32 years$1,522$1,064$727$488$323$167
33 years$1,460$1,007$679$449$292$147
34 years$1,401$955$635$413$265$130
35 years$1,346$906$593$380$240$115
36 years$1,294$860$555$350$217$101
37 years$1,246$816$520$323$197$89
38 years$1,199$776$487$298$179$79
39 years$1,156$738$456$274$162$70
40 years$1,114$702$427$253$147$62
41 years$1,075$668$401$233$133$54
42 years$1,038$636$376$215$121$48
43 years$1,002$606$353$199$110$42
44 years$968$578$331$184$100$38
45 years$936$551$311$170$90$33
46 years$905$526$292$157$82$29
47 years$876$502$274$145$75$26
48 years$848$479$258$134$68$23
49 years$821$457$242$124$61$20
50 years$796$437$228$114$56$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $815,000, adding $3,091 every year, while hoping to spend $45,800 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: 58/15/27 Blend
69$815,000$815,000$815,000$815,000
70$901,318$858,123$845,491$946,801
71$944,522$851,441$825,084$971,592
72$990,597$842,895$802,458$993,500
73$1,039,789$832,348$777,492$1,016,434
74$1,092,365$819,650$750,055$1,040,508
75$1,148,619$804,646$720,015$1,065,847
76$1,208,873$787,169$687,230$1,092,592
77$1,273,481$767,043$651,555$1,120,900
78$1,342,830$744,081$612,836$1,150,947
79$1,417,344$718,088$570,912$1,182,930
80$1,497,493$688,853$525,617$1,217,066
81$1,583,787$656,157$476,775$1,253,602
82$1,676,790$619,765$424,203$1,292,807
83$1,777,120$579,431$367,711$1,334,987
84$1,885,456$534,893$307,100$1,380,479
85$2,002,546$485,876$242,161$1,429,657
86$2,129,209$432,088$172,677$1,482,942
87$2,266,347$373,219$98,421$1,540,796
88$2,414,953$308,945$19,156$1,603,737
89$2,576,115$238,920$0$1,672,338
90$2,751,033$162,782$0$1,766,089
91$2,941,026$80,145$0$1,873,958
92$3,147,544$0$0$1,991,286
93$3,372,182$0$0$2,120,575
94$3,616,697$0$0$2,275,763
95$3,883,019$0$0$2,444,855
96$4,173,275$0$0$2,629,209
97$4,489,804$0$0$2,830,319
98$4,835,181$0$0$3,049,830
99$5,212,240$0$0$3,289,551
100$5,624,101$0$0$3,551,476