Can I retire at age 70 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$68,871$68,257$67,659$67,075$66,504$65,188
2 years$34,095$33,460$32,844$32,247$31,669$30,348
3 years$22,504$21,866$21,252$20,661$20,092$18,808
4 years$16,710$16,074$15,466$14,885$14,330$13,093
5 years$13,234$12,602$12,002$11,433$10,893$9,707
6 years$10,918$10,291$9,700$9,143$8,619$7,485
7 years$9,264$8,642$8,061$7,517$7,010$5,927
8 years$8,024$7,408$6,836$6,306$5,815$4,784
9 years$7,060$6,450$5,888$5,371$4,897$3,917
10 years$6,290$5,685$5,133$4,630$4,173$3,242
11 years$5,660$5,061$4,519$4,030$3,589$2,707
12 years$5,135$4,543$4,011$3,535$3,110$2,276
13 years$4,691$4,105$3,583$3,120$2,712$1,924
14 years$4,311$3,732$3,220$2,770$2,377$1,634
15 years$3,982$3,409$2,907$2,470$2,093$1,393
16 years$3,695$3,128$2,635$2,212$1,850$1,191
17 years$3,441$2,880$2,398$1,987$1,640$1,021
18 years$3,216$2,662$2,189$1,791$1,458$878
19 years$3,015$2,467$2,004$1,618$1,300$756
20 years$2,835$2,292$1,839$1,466$1,161$652
21 years$2,671$2,135$1,692$1,330$1,039$563
22 years$2,523$1,993$1,559$1,209$931$486
23 years$2,388$1,864$1,440$1,102$836$421
24 years$2,264$1,746$1,331$1,005$751$365
25 years$2,150$1,639$1,233$918$676$316
26 years$2,045$1,540$1,144$839$609$274
27 years$1,949$1,450$1,062$768$549$238
28 years$1,859$1,366$987$704$496$207
29 years$1,775$1,289$919$645$447$180
30 years$1,698$1,217$856$592$404$156
31 years$1,625$1,151$798$544$366$136
32 years$1,557$1,089$744$500$331$118
33 years$1,494$1,031$695$460$299$103
34 years$1,434$977$649$423$271$89
35 years$1,378$927$607$389$245$78
36 years$1,325$880$568$358$222$68
37 years$1,275$835$532$330$202$59
38 years$1,227$794$498$304$183$51
39 years$1,183$755$466$281$166$45
40 years$1,140$718$437$259$150$39
41 years$1,100$684$410$239$136$34
42 years$1,062$651$385$220$124$29
43 years$1,025$620$361$204$112$26
44 years$991$591$339$188$102$22
45 years$958$564$318$174$93$19
46 years$927$538$299$160$84$17
47 years$897$513$281$148$76$15
48 years$868$490$264$137$69$13
49 years$840$468$248$126$63$11
50 years$814$447$233$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $834,000, adding $6,461 every year, while hoping to spend $58,048 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: 82/13/5 Blend
69$834,000$834,000$834,000$834,000
70$925,733$881,531$868,604$1,001,017
71$958,395$862,963$835,939$1,032,586
72$992,443$841,540$800,235$1,058,765
73$1,027,957$817,060$761,328$1,085,692
74$1,065,024$789,311$719,047$1,113,408
75$1,103,736$758,067$673,215$1,141,956
76$1,144,194$723,090$623,645$1,171,387
77$1,186,507$684,127$570,143$1,201,753
78$1,230,793$640,911$512,505$1,233,114
79$1,277,179$593,161$450,518$1,265,537
80$1,325,802$540,577$383,962$1,299,094
81$1,376,814$482,845$312,604$1,333,865
82$1,430,375$419,631$236,203$1,369,940
83$1,486,664$350,582$154,506$1,407,418
84$1,545,871$275,328$67,249$1,446,407
85$1,608,205$193,475$0$1,487,029
86$1,673,894$104,608$0$1,530,798
87$1,743,186$8,288$0$1,580,401
88$1,816,349$0$0$1,632,428
89$1,893,680$0$0$1,700,804
90$1,975,498$0$0$1,774,410
91$2,062,154$0$0$1,852,378
92$2,154,031$0$0$1,935,054
93$2,251,549$0$0$2,022,815
94$2,355,164$0$0$2,116,075
95$2,465,378$0$0$2,215,286
96$2,582,738$0$0$2,320,942
97$2,707,844$0$0$2,433,586
98$2,841,353$0$0$2,553,811
99$2,983,986$0$0$2,682,267
100$3,136,531$0$0$2,819,666