Can I retire at age 70 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$69,779$69,158$68,551$67,959$67,381$65,566
2 years$34,544$33,901$33,277$32,673$32,086$30,271
3 years$22,801$22,155$21,533$20,934$20,357$18,597
4 years$16,930$16,286$15,670$15,082$14,519$12,829
5 years$13,409$12,768$12,161$11,584$11,037$9,422
6 years$11,062$10,426$9,828$9,264$8,733$7,194
7 years$9,386$8,756$8,167$7,616$7,102$5,639
8 years$8,130$7,506$6,926$6,389$5,892$4,504
9 years$7,153$6,535$5,965$5,442$4,962$3,648
10 years$6,373$5,760$5,201$4,691$4,228$2,986
11 years$5,734$5,128$4,579$4,083$3,636$2,465
12 years$5,203$4,603$4,064$3,581$3,151$2,048
13 years$4,753$4,159$3,630$3,162$2,748$1,710
14 years$4,368$3,781$3,262$2,807$2,409$1,435
15 years$4,035$3,454$2,945$2,503$2,121$1,208
16 years$3,744$3,169$2,670$2,241$1,874$1,020
17 years$3,487$2,918$2,430$2,014$1,662$863
18 years$3,259$2,697$2,218$1,815$1,478$732
19 years$3,055$2,499$2,031$1,640$1,317$622
20 years$2,872$2,322$1,864$1,485$1,176$529
21 years$2,706$2,163$1,714$1,348$1,053$451
22 years$2,556$2,019$1,580$1,225$944$384
23 years$2,419$1,889$1,459$1,116$847$328
24 years$2,294$1,770$1,349$1,018$761$280
25 years$2,179$1,661$1,249$930$685$239
26 years$2,072$1,561$1,159$850$617$205
27 years$1,974$1,469$1,076$778$556$175
28 years$1,883$1,384$1,000$713$502$150
29 years$1,799$1,306$931$654$453$128
30 years$1,720$1,233$867$600$410$110
31 years$1,647$1,166$808$551$370$94
32 years$1,578$1,103$754$506$335$80
33 years$1,513$1,045$704$466$303$69
34 years$1,453$990$658$428$274$59
35 years$1,396$939$615$394$249$51
36 years$1,342$891$575$363$225$43
37 years$1,291$846$539$335$204$37
38 years$1,244$804$504$308$185$32
39 years$1,198$765$473$284$168$27
40 years$1,155$728$443$262$152$23
41 years$1,115$693$415$242$138$20
42 years$1,076$660$390$223$125$17
43 years$1,039$629$366$206$114$15
44 years$1,004$599$343$190$103$13
45 years$971$571$322$176$94$11
46 years$939$545$303$162$85$9
47 years$908$520$284$150$77$8
48 years$879$497$267$139$70$7
49 years$852$474$251$128$64$6
50 years$825$453$236$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $845,000, adding $3,451 every year, while hoping to spend $30,326 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: 57/38/5 Blend
69$845,000$845,000$845,000$845,000
70$934,750$889,965$876,867$986,944
71$997,828$901,306$873,976$1,033,748
72$1,066,323$912,187$869,971$1,080,982
73$1,140,756$922,553$864,783$1,131,683
74$1,221,701$932,345$858,341$1,186,183
75$1,309,786$941,502$850,567$1,244,848
76$1,405,705$949,956$841,382$1,308,085
77$1,510,221$957,638$830,702$1,376,339
78$1,624,173$964,472$818,440$1,450,104
79$1,748,486$970,378$804,505$1,529,922
80$1,884,176$975,271$788,800$1,616,396
81$2,032,362$979,060$771,226$1,710,185
82$2,194,278$981,649$751,677$1,812,021
83$2,371,279$982,935$730,043$1,922,710
84$2,564,860$982,809$706,210$2,043,140
85$2,776,665$981,156$680,057$2,174,292
86$3,008,505$977,853$651,459$2,317,248
87$3,262,375$972,769$620,285$2,473,204
88$3,540,469$965,768$586,397$2,643,475
89$3,845,208$956,700$549,651$2,829,515
90$4,179,253$945,413$509,899$3,032,927
91$4,545,538$931,740$466,982$3,255,482
92$4,947,295$915,507$420,738$3,499,129
93$5,388,081$896,529$370,995$3,766,022
94$5,871,817$874,611$317,575$4,058,536
95$6,402,820$849,544$260,291$4,379,290
96$6,985,845$821,109$198,948$4,731,175
97$7,626,132$789,074$133,344$5,117,378
98$8,329,452$753,193$63,265$5,541,416
99$9,102,162$713,206$0$6,007,167
100$9,951,267$668,837$0$6,519,523