Can I retire at age 70 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$68,954$68,339$67,740$67,155$66,584$66,248
2 years$34,135$33,500$32,884$32,286$31,707$31,367
3 years$22,531$21,892$21,278$20,686$20,116$19,784
4 years$16,730$16,093$15,485$14,903$14,347$14,025
5 years$13,250$12,617$12,017$11,447$10,906$10,595
6 years$10,931$10,303$9,711$9,154$8,630$8,330
7 years$9,275$8,652$8,070$7,526$7,018$6,730
8 years$8,034$7,417$6,844$6,314$5,822$5,546
9 years$7,069$6,458$5,895$5,378$4,903$4,638
10 years$6,297$5,692$5,139$4,636$4,178$3,924
11 years$5,666$5,067$4,525$4,034$3,593$3,350
12 years$5,141$4,548$4,015$3,539$3,114$2,882
13 years$4,697$4,110$3,588$3,124$2,715$2,494
14 years$4,317$3,736$3,223$2,773$2,380$2,169
15 years$3,987$3,413$2,910$2,473$2,096$1,895
16 years$3,699$3,131$2,639$2,215$1,852$1,661
17 years$3,446$2,884$2,401$1,990$1,642$1,461
18 years$3,220$2,665$2,192$1,793$1,460$1,288
19 years$3,019$2,470$2,007$1,620$1,302$1,139
20 years$2,838$2,295$1,841$1,467$1,163$1,008
21 years$2,674$2,138$1,694$1,332$1,040$895
22 years$2,526$1,995$1,561$1,211$933$795
23 years$2,390$1,866$1,441$1,103$837$707
24 years$2,267$1,749$1,333$1,006$752$630
25 years$2,153$1,641$1,235$919$677$562
26 years$2,048$1,542$1,145$840$610$501
27 years$1,951$1,451$1,063$769$550$448
28 years$1,861$1,368$989$704$496$400
29 years$1,778$1,290$920$646$448$358
30 years$1,700$1,218$857$593$405$320
31 years$1,627$1,152$799$544$366$287
32 years$1,559$1,090$745$500$331$257
33 years$1,495$1,032$696$460$300$230
34 years$1,436$978$650$423$271$206
35 years$1,379$928$608$390$246$185
36 years$1,326$881$569$359$223$166
37 years$1,276$836$532$331$202$149
38 years$1,229$795$498$305$183$134
39 years$1,184$756$467$281$166$120
40 years$1,142$719$438$259$150$108
41 years$1,101$685$410$239$136$97
42 years$1,063$652$385$221$124$87
43 years$1,027$621$361$204$112$78
44 years$992$592$339$188$102$70
45 years$959$565$318$174$93$63
46 years$928$539$299$160$84$57
47 years$898$514$281$148$76$51
48 years$869$491$264$137$69$46
49 years$842$469$248$127$63$41
50 years$815$448$233$117$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $835,000, adding $6,599 every year, while hoping to spend $21,229 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: 60/35/5 Blend
69$835,000$835,000$835,000$835,000
70$926,977$882,722$869,779$981,410
71$998,941$903,388$876,329$1,039,271
72$1,077,534$924,355$882,388$1,099,304
73$1,163,410$945,615$887,915$1,164,235
74$1,257,287$967,160$892,870$1,234,534
75$1,359,960$988,980$897,210$1,310,719
76$1,472,299$1,011,064$900,890$1,393,361
77$1,595,267$1,033,399$903,863$1,483,087
78$1,729,920$1,055,971$906,078$1,580,590
79$1,877,423$1,078,766$907,484$1,686,632
80$2,039,061$1,101,765$908,024$1,802,052
81$2,216,244$1,124,951$907,642$1,927,774
82$2,410,530$1,148,303$906,277$2,064,816
83$2,623,632$1,171,798$903,866$2,214,301
84$2,857,439$1,195,412$900,342$2,377,464
85$3,114,029$1,219,118$895,634$2,555,667
86$3,395,693$1,242,888$889,671$2,750,410
87$3,704,953$1,266,689$882,375$2,963,346
88$4,044,590$1,290,488$873,665$3,196,295
89$4,417,663$1,314,248$863,459$3,451,263
90$4,827,547$1,337,929$851,667$3,730,463
91$5,277,957$1,361,487$838,197$4,036,330
92$5,772,985$1,384,876$822,954$4,371,548
93$6,317,142$1,408,047$805,835$4,739,076
94$6,915,394$1,430,946$786,734$5,142,174
95$7,573,217$1,453,514$765,542$5,584,433
96$8,296,639$1,475,691$742,143$6,069,813
97$9,092,306$1,497,410$716,414$6,602,676
98$9,967,537$1,518,599$688,230$7,187,830
99$10,930,399$1,539,182$657,458$7,830,572
100$11,989,776$1,559,079$623,959$8,536,742