Can I retire at age 70 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$67,632$67,030$66,442$65,868$65,308$63,498
2 years$33,481$32,858$32,253$31,667$31,099$29,289
3 years$22,099$21,473$20,870$20,290$19,731$17,977
4 years$16,409$15,785$15,188$14,618$14,072$12,388
5 years$12,996$12,376$11,787$11,228$10,697$9,088
6 years$10,721$10,106$9,525$8,979$8,464$6,932
7 years$9,097$8,487$7,916$7,382$6,884$5,427
8 years$7,880$7,275$6,713$6,193$5,711$4,330
9 years$6,933$6,334$5,782$5,275$4,809$3,503
10 years$6,177$5,583$5,041$4,547$4,098$2,864
11 years$5,558$4,970$4,438$3,957$3,524$2,361
12 years$5,043$4,461$3,938$3,471$3,054$1,959
13 years$4,607$4,031$3,519$3,064$2,663$1,634
14 years$4,234$3,664$3,162$2,720$2,335$1,369
15 years$3,911$3,348$2,855$2,426$2,055$1,151
16 years$3,628$3,071$2,588$2,172$1,817$970
17 years$3,380$2,829$2,355$1,952$1,611$820
18 years$3,159$2,614$2,150$1,759$1,432$694
19 years$2,961$2,422$1,968$1,589$1,277$589
20 years$2,784$2,251$1,806$1,439$1,140$500
21 years$2,623$2,097$1,661$1,306$1,020$425
22 years$2,477$1,957$1,531$1,188$915$362
23 years$2,345$1,831$1,414$1,082$821$309
24 years$2,223$1,715$1,308$987$738$263
25 years$2,112$1,610$1,211$901$664$224
26 years$2,009$1,513$1,123$824$598$192
27 years$1,914$1,424$1,043$754$539$164
28 years$1,825$1,341$970$691$487$140
29 years$1,743$1,266$902$634$439$119
30 years$1,667$1,195$840$581$397$102
31 years$1,596$1,130$783$534$359$87
32 years$1,529$1,069$731$491$325$75
33 years$1,467$1,012$683$451$294$64
34 years$1,408$960$638$415$266$55
35 years$1,353$910$596$382$241$47
36 years$1,301$864$558$352$218$40
37 years$1,252$820$522$324$198$34
38 years$1,205$780$489$299$179$29
39 years$1,161$741$458$276$163$25
40 years$1,120$705$429$254$148$21
41 years$1,080$671$403$235$134$18
42 years$1,043$639$378$216$121$16
43 years$1,007$609$354$200$110$13
44 years$973$581$333$185$100$12
45 years$941$554$312$170$91$10
46 years$910$528$293$157$82$8
47 years$880$504$276$145$75$7
48 years$852$481$259$134$68$6
49 years$825$460$243$124$62$5
50 years$800$439$229$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $819,000, adding $4,631 every year, while hoping to spend $43,587 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: 36/36/28 Blend
69$819,000$819,000$819,000$819,000
70$907,315$863,908$851,213$932,216
71$953,485$859,863$833,353$947,097
72$1,002,903$854,159$813,433$958,877
73$1,055,855$846,669$791,339$970,758
74$1,112,654$837,258$766,951$982,779
75$1,173,643$825,782$740,142$994,985
76$1,239,200$812,090$710,781$1,007,431
77$1,309,737$796,021$678,731$1,020,180
78$1,385,709$777,405$643,848$1,033,307
79$1,467,615$756,062$605,981$1,046,899
80$1,556,004$731,801$564,973$1,061,055
81$1,651,477$704,419$520,660$1,075,890
82$1,754,696$673,705$472,871$1,091,538
83$1,866,389$639,430$421,426$1,108,149
84$1,987,355$601,356$366,138$1,125,896
85$2,118,473$559,231$306,811$1,144,977
86$2,260,710$512,786$243,242$1,165,614
87$2,415,129$461,739$175,218$1,188,061
88$2,582,899$405,791$102,514$1,212,605
89$2,765,307$344,627$24,901$1,239,569
90$2,963,768$277,913$0$1,269,320
91$3,179,838$205,296$0$1,319,575
92$3,415,230$126,405$0$1,382,555
93$3,671,831$40,846$0$1,451,411
94$3,951,715$0$0$1,526,809
95$4,257,166$0$0$1,630,008
96$4,590,698$0$0$1,760,472
97$4,955,078$0$0$1,903,115
98$5,353,352$0$0$2,059,145
99$5,788,876$0$0$2,229,890
100$6,265,342$0$0$2,416,813