Can I retire at age 70 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$67,880$67,275$66,685$66,110$65,547$64,172
2 years$33,604$32,978$32,372$31,783$31,213$29,833
3 years$22,180$21,552$20,947$20,364$19,803$18,462
4 years$16,469$15,843$15,244$14,671$14,124$12,833
5 years$13,044$12,421$11,830$11,269$10,737$9,499
6 years$10,761$10,143$9,560$9,012$8,495$7,312
7 years$9,131$8,518$7,945$7,409$6,909$5,781
8 years$7,909$7,301$6,738$6,215$5,732$4,658
9 years$6,959$6,357$5,803$5,294$4,827$3,807
10 years$6,199$5,603$5,059$4,564$4,113$3,145
11 years$5,578$4,988$4,454$3,972$3,537$2,621
12 years$5,061$4,477$3,953$3,484$3,065$2,199
13 years$4,624$4,046$3,532$3,076$2,673$1,855
14 years$4,249$3,678$3,173$2,730$2,343$1,572
15 years$3,925$3,360$2,865$2,435$2,063$1,338
16 years$3,642$3,083$2,598$2,180$1,823$1,142
17 years$3,392$2,839$2,364$1,959$1,617$977
18 years$3,170$2,623$2,158$1,765$1,437$837
19 years$2,972$2,431$1,975$1,595$1,281$719
20 years$2,794$2,259$1,813$1,445$1,144$619
21 years$2,633$2,104$1,667$1,311$1,024$533
22 years$2,487$1,964$1,537$1,192$918$460
23 years$2,353$1,837$1,419$1,086$824$397
24 years$2,231$1,721$1,312$990$741$343
25 years$2,119$1,615$1,215$904$666$297
26 years$2,016$1,518$1,127$827$600$257
27 years$1,921$1,429$1,047$757$541$222
28 years$1,832$1,346$973$693$488$193
29 years$1,750$1,270$906$636$441$167
30 years$1,673$1,200$843$584$398$145
31 years$1,602$1,134$786$536$360$125
32 years$1,535$1,073$734$493$326$109
33 years$1,472$1,016$685$453$295$94
34 years$1,413$963$640$417$267$82
35 years$1,358$913$598$384$242$71
36 years$1,306$867$560$353$219$62
37 years$1,256$823$524$326$199$54
38 years$1,210$783$491$300$180$47
39 years$1,166$744$460$277$163$40
40 years$1,124$708$431$255$148$35
41 years$1,084$674$404$235$134$30
42 years$1,047$642$379$217$122$26
43 years$1,011$612$356$201$111$23
44 years$977$583$334$185$100$20
45 years$944$556$313$171$91$17
46 years$913$530$294$158$83$15
47 years$884$506$277$146$75$13
48 years$855$483$260$135$68$11
49 years$828$461$244$125$62$10
50 years$803$441$230$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $822,000, adding $2,271 every year, while hoping to spend $52,114 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: 80/9/11 Blend
69$822,000$822,000$822,000$822,000
70$908,187$864,621$851,880$978,922
71$945,373$851,538$824,969$1,012,594
72$984,605$836,068$795,410$1,042,517
73$1,026,038$818,038$763,059$1,073,826
74$1,069,838$797,266$727,765$1,106,633
75$1,116,189$773,560$689,373$1,141,066
76$1,165,290$746,714$647,717$1,177,261
77$1,217,360$716,514$602,626$1,215,371
78$1,272,638$682,730$553,921$1,255,566
79$1,331,383$645,120$501,414$1,298,030
80$1,393,882$603,429$444,909$1,342,971
81$1,460,447$557,386$384,202$1,390,613
82$1,531,420$506,705$319,080$1,441,208
83$1,607,175$451,084$249,320$1,495,032
84$1,688,123$390,203$174,688$1,552,391
85$1,774,714$323,725$94,943$1,613,622
86$1,867,441$251,294$9,829$1,679,098
87$1,966,845$172,532$0$1,749,229
88$2,073,519$87,042$0$1,833,978
89$2,188,114$0$0$1,926,189
90$2,311,346$0$0$2,025,848
91$2,443,999$0$0$2,142,422
92$2,586,935$0$0$2,268,050
93$2,741,100$0$0$2,403,565
94$2,907,534$0$0$2,549,884
95$3,087,380$0$0$2,708,014
96$3,281,893$0$0$2,879,062
97$3,492,455$0$0$3,064,244
98$3,720,581$0$0$3,264,897
99$3,967,941$0$0$3,482,492
100$4,236,370$0$0$3,718,646