Can I retire at age 70 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$68,375$67,766$67,172$66,592$66,026$64,825
2 years$33,849$33,219$32,608$32,015$31,441$30,236
3 years$22,342$21,709$21,099$20,513$19,947$18,775
4 years$16,590$15,958$15,355$14,778$14,227$13,096
5 years$13,139$12,512$11,916$11,351$10,815$9,730
6 years$10,839$10,217$9,630$9,078$8,557$7,518
7 years$9,197$8,580$8,003$7,463$6,959$5,967
8 years$7,966$7,355$6,787$6,261$5,774$4,828
9 years$7,010$6,403$5,845$5,333$4,862$3,962
10 years$6,244$5,644$5,096$4,597$4,143$3,288
11 years$5,619$5,025$4,487$4,001$3,563$2,752
12 years$5,098$4,510$3,982$3,509$3,088$2,319
13 years$4,658$4,076$3,557$3,098$2,692$1,966
14 years$4,280$3,705$3,196$2,750$2,360$1,674
15 years$3,954$3,384$2,886$2,453$2,078$1,431
16 years$3,668$3,105$2,617$2,196$1,837$1,227
17 years$3,417$2,860$2,381$1,973$1,628$1,055
18 years$3,193$2,642$2,173$1,778$1,448$910
19 years$2,994$2,449$1,990$1,607$1,291$785
20 years$2,814$2,276$1,826$1,455$1,153$679
21 years$2,652$2,120$1,680$1,321$1,032$588
22 years$2,505$1,979$1,548$1,201$925$510
23 years$2,370$1,851$1,429$1,094$830$443
24 years$2,248$1,734$1,322$997$746$385
25 years$2,135$1,627$1,224$911$671$335
26 years$2,031$1,529$1,136$833$605$291
27 years$1,935$1,439$1,054$762$545$254
28 years$1,845$1,356$980$698$492$221
29 years$1,763$1,279$912$641$444$193
30 years$1,685$1,208$850$588$401$168
31 years$1,613$1,142$792$540$363$146
32 years$1,546$1,081$739$496$328$128
33 years$1,483$1,024$690$456$297$111
34 years$1,423$970$645$420$269$97
35 years$1,368$920$603$386$244$85
36 years$1,315$873$564$356$221$74
37 years$1,265$829$528$328$200$65
38 years$1,218$788$494$302$181$57
39 years$1,174$750$463$279$164$49
40 years$1,132$713$434$257$149$43
41 years$1,092$679$407$237$135$38
42 years$1,054$647$382$219$123$33
43 years$1,018$616$358$202$111$29
44 years$984$587$336$187$101$25
45 years$951$560$316$172$92$22
46 years$920$534$297$159$83$19
47 years$890$510$279$147$76$17
48 years$862$487$262$136$69$15
49 years$834$465$246$126$62$13
50 years$808$444$231$116$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $828,000, adding $5,171 every year, while hoping to spend $34,628 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: 37/48/15 Blend
69$828,000$828,000$828,000$828,000
70$917,790$873,906$861,072$947,383
71$974,561$879,883$853,074$975,096
72$1,035,961$884,993$843,647$1,001,320
73$1,102,428$889,156$832,708$1,028,901
74$1,174,439$892,288$820,167$1,057,977
75$1,252,521$894,300$805,932$1,088,705
76$1,337,254$895,097$789,907$1,121,258
77$1,429,275$894,577$771,990$1,155,829
78$1,529,283$892,634$752,074$1,192,634
79$1,638,051$889,154$730,049$1,231,911
80$1,756,426$884,016$705,799$1,273,930
81$1,885,340$877,091$679,202$1,318,985
82$2,025,821$868,245$650,132$1,367,409
83$2,178,999$857,333$618,455$1,419,569
84$2,346,117$844,203$584,034$1,475,873
85$2,528,544$828,692$546,722$1,536,777
86$2,727,787$810,629$506,369$1,602,785
87$2,945,505$789,834$462,816$1,674,457
88$3,183,524$766,113$415,897$1,752,415
89$3,443,854$739,263$365,441$1,837,351
90$3,728,710$709,070$311,266$1,930,031
91$4,040,529$675,305$253,184$2,031,306
92$4,381,995$637,727$190,998$2,142,117
93$4,756,065$596,082$124,503$2,263,510
94$5,165,994$550,101$53,484$2,396,644
95$5,615,367$499,498$0$2,542,803
96$6,108,133$443,972$0$2,706,980
97$6,648,642$383,205$0$2,896,546
98$7,241,682$316,861$0$3,104,716
99$7,892,532$244,586$0$3,333,463
100$8,607,002$166,003$0$3,584,968