Can I retire at age 70 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$67,550$66,948$66,361$65,788$65,228$64,201
2 years$33,440$32,818$32,214$31,629$31,061$30,028
3 years$22,072$21,447$20,845$20,265$19,706$18,701
4 years$16,389$15,766$15,170$14,600$14,055$13,084
5 years$12,980$12,360$11,772$11,214$10,684$9,751
6 years$10,708$10,093$9,514$8,968$8,454$7,560
7 years$9,086$8,476$7,906$7,373$6,875$6,020
8 years$7,870$7,266$6,705$6,185$5,704$4,887
9 years$6,925$6,326$5,775$5,268$4,803$4,025
10 years$6,169$5,576$5,035$4,541$4,093$3,353
11 years$5,551$4,964$4,432$3,952$3,520$2,817
12 years$5,036$4,456$3,934$3,467$3,050$2,383
13 years$4,601$4,027$3,514$3,061$2,660$2,028
14 years$4,229$3,660$3,158$2,717$2,332$1,734
15 years$3,906$3,343$2,851$2,423$2,053$1,488
16 years$3,624$3,068$2,585$2,169$1,814$1,282
17 years$3,375$2,825$2,352$1,949$1,609$1,107
18 years$3,155$2,611$2,147$1,757$1,430$958
19 years$2,957$2,419$1,966$1,587$1,275$831
20 years$2,780$2,248$1,804$1,438$1,139$722
21 years$2,620$2,094$1,659$1,305$1,019$628
22 years$2,474$1,955$1,529$1,186$914$547
23 years$2,342$1,828$1,412$1,080$820$477
24 years$2,220$1,713$1,306$985$737$417
25 years$2,109$1,608$1,210$900$663$364
26 years$2,006$1,511$1,122$823$597$318
27 years$1,911$1,422$1,042$753$539$279
28 years$1,823$1,340$968$690$486$244
29 years$1,741$1,264$901$633$439$214
30 years$1,665$1,194$839$581$397$187
31 years$1,594$1,128$783$533$359$164
32 years$1,527$1,068$730$490$324$144
33 years$1,465$1,011$682$451$293$126
34 years$1,406$958$637$415$266$111
35 years$1,351$909$596$382$241$97
36 years$1,299$863$557$352$218$85
37 years$1,250$819$521$324$198$75
38 years$1,204$779$488$299$179$66
39 years$1,160$741$457$275$162$58
40 years$1,118$705$429$254$147$51
41 years$1,079$671$402$234$134$44
42 years$1,041$639$377$216$121$39
43 years$1,006$609$354$200$110$34
44 years$972$580$332$184$100$30
45 years$940$553$312$170$91$26
46 years$909$528$293$157$82$23
47 years$879$504$275$145$75$20
48 years$851$481$259$134$68$18
49 years$824$459$243$124$62$16
50 years$799$439$229$115$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $818,000, adding $4,911 every year, while hoping to spend $50,665 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: 66/14/20 Blend
69$818,000$818,000$818,000$818,000
70$906,502$863,148$850,469$961,461
71$945,058$851,535$825,052$987,314
72$985,848$837,655$797,086$1,009,300
73$1,029,048$821,343$766,432$1,032,130
74$1,074,847$802,425$732,944$1,055,887
75$1,123,455$780,717$696,470$1,080,663
76$1,175,097$756,022$656,852$1,106,564
77$1,230,025$728,135$613,924$1,133,706
78$1,288,510$696,836$567,513$1,162,218
79$1,350,850$661,893$517,437$1,192,248
80$1,417,373$623,062$463,507$1,223,957
81$1,488,436$580,083$405,526$1,257,528
82$1,564,432$532,683$343,287$1,293,163
83$1,645,792$480,572$276,574$1,331,088
84$1,732,986$423,444$205,163$1,371,555
85$1,826,533$360,975$128,819$1,414,844
86$1,927,000$292,823$47,295$1,461,268
87$2,035,011$218,629$0$1,511,175
88$2,151,250$138,009$0$1,573,424
89$2,276,469$50,563$0$1,651,294
90$2,411,492$0$0$1,735,218
91$2,557,226$0$0$1,832,589
92$2,714,668$0$0$1,946,239
93$2,884,912$0$0$2,069,173
94$3,069,162$0$0$2,202,265
95$3,268,739$0$0$2,346,476
96$3,485,099$0$0$2,502,865
97$3,719,840$0$0$2,672,591
98$3,974,722$0$0$2,856,935
99$4,251,679$0$0$3,057,301
100$4,552,838$0$0$3,275,237