Can I retire at age 70 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$69,449$68,830$68,227$67,638$67,063$65,521
2 years$34,381$33,740$33,120$32,518$31,935$30,390
3 years$22,693$22,050$21,431$20,835$20,261$18,761
4 years$16,850$16,209$15,596$15,010$14,450$13,008
5 years$13,345$12,708$12,103$11,529$10,985$9,603
6 years$11,009$10,377$9,781$9,220$8,692$7,372
7 years$9,342$8,715$8,128$7,580$7,069$5,812
8 years$8,091$7,470$6,893$6,359$5,864$4,669
9 years$7,120$6,504$5,937$5,416$4,939$3,805
10 years$6,343$5,733$5,176$4,669$4,208$3,134
11 years$5,707$5,104$4,557$4,063$3,619$2,603
12 years$5,178$4,581$4,044$3,564$3,136$2,177
13 years$4,731$4,140$3,613$3,147$2,735$1,831
14 years$4,348$3,763$3,247$2,793$2,397$1,546
15 years$4,016$3,437$2,931$2,491$2,111$1,311
16 years$3,726$3,154$2,658$2,230$1,865$1,115
17 years$3,470$2,905$2,418$2,004$1,654$950
18 years$3,243$2,684$2,208$1,806$1,471$812
19 years$3,041$2,487$2,021$1,632$1,311$695
20 years$2,858$2,311$1,855$1,478$1,171$596
21 years$2,694$2,153$1,706$1,341$1,048$511
22 years$2,544$2,010$1,572$1,220$939$439
23 years$2,408$1,880$1,452$1,111$843$378
24 years$2,283$1,761$1,343$1,013$758$325
25 years$2,168$1,653$1,244$925$682$280
26 years$2,063$1,553$1,153$846$614$241
27 years$1,965$1,462$1,071$774$554$208
28 years$1,874$1,378$996$709$500$180
29 years$1,790$1,300$926$651$451$155
30 years$1,712$1,227$863$597$408$134
31 years$1,639$1,160$805$548$369$116
32 years$1,570$1,098$751$504$333$100
33 years$1,506$1,040$701$463$302$86
34 years$1,446$985$655$426$273$74
35 years$1,389$935$612$393$247$64
36 years$1,336$887$573$362$224$56
37 years$1,285$842$536$333$203$48
38 years$1,238$801$502$307$184$42
39 years$1,193$761$470$283$167$36
40 years$1,150$724$441$261$152$31
41 years$1,109$689$413$241$137$27
42 years$1,071$657$388$222$125$23
43 years$1,034$626$364$205$113$20
44 years$999$596$342$189$103$17
45 years$966$569$321$175$93$15
46 years$934$543$301$162$85$13
47 years$904$518$283$149$77$11
48 years$875$494$266$138$70$10
49 years$848$472$250$128$63$8
50 years$821$451$235$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $841,000, adding $4,890 every year, while hoping to spend $29,154 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: 54/23/23 Blend
69$841,000$841,000$841,000$841,000
70$931,826$887,253$874,218$976,011
71$995,853$899,709$872,484$1,019,376
72$1,065,433$911,798$869,716$1,063,113
73$1,141,102$923,471$865,846$1,110,113
74$1,223,451$934,677$860,808$1,160,700
75$1,313,126$945,360$854,528$1,215,228
76$1,410,842$955,459$846,932$1,274,090
77$1,517,384$964,913$837,941$1,337,719
78$1,633,616$973,653$827,471$1,406,594
79$1,760,490$981,607$815,436$1,481,242
80$1,899,053$988,698$801,746$1,562,247
81$2,050,457$994,846$786,306$1,650,254
82$2,215,973$999,962$769,016$1,745,972
83$2,396,996$1,003,954$749,772$1,850,186
84$2,595,066$1,006,725$728,466$1,963,763
85$2,811,878$1,008,169$704,984$2,087,657
86$3,049,295$1,008,175$679,207$2,222,925
87$3,309,373$1,006,625$651,010$2,370,732
88$3,594,374$1,003,395$620,264$2,532,361
89$3,906,790$998,351$586,833$2,709,232
90$4,249,364$991,352$550,573$2,902,910
91$4,625,120$982,249$511,338$3,115,123
92$5,037,386$970,883$468,972$3,347,775
93$5,489,829$957,085$423,312$3,602,971
94$5,986,488$940,679$374,189$3,883,031
95$6,531,812$921,474$321,426$4,190,515
96$7,130,702$899,272$264,840$4,528,247
97$7,788,557$873,860$204,235$4,899,344
98$8,511,325$845,014$139,413$5,307,242
99$9,305,558$812,498$70,161$5,755,735
100$10,178,474$776,060$0$6,249,004