Can I retire at age 70 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$69,862$69,240$68,632$68,040$67,461$65,328
2 years$34,585$33,941$33,317$32,711$32,124$29,994
3 years$22,828$22,181$21,558$20,959$20,381$18,321
4 years$16,950$16,305$15,689$15,099$14,536$12,562
5 years$13,425$12,784$12,175$11,598$11,050$9,167
6 years$11,075$10,439$9,839$9,275$8,743$6,954
7 years$9,397$8,766$8,177$7,625$7,111$5,414
8 years$8,140$7,514$6,934$6,397$5,899$4,294
9 years$7,162$6,543$5,973$5,449$4,968$3,452
10 years$6,380$5,767$5,207$4,697$4,233$2,805
11 years$5,741$5,134$4,584$4,088$3,640$2,297
12 years$5,209$4,608$4,068$3,585$3,155$1,894
13 years$4,759$4,164$3,635$3,165$2,751$1,569
14 years$4,373$3,785$3,266$2,810$2,411$1,305
15 years$4,040$3,458$2,949$2,506$2,123$1,090
16 years$3,748$3,173$2,673$2,244$1,877$912
17 years$3,491$2,922$2,433$2,016$1,664$765
18 years$3,263$2,700$2,221$1,817$1,479$643
19 years$3,059$2,502$2,033$1,642$1,319$541
20 years$2,875$2,325$1,866$1,487$1,178$456
21 years$2,710$2,166$1,716$1,349$1,054$385
22 years$2,559$2,022$1,582$1,227$945$325
23 years$2,422$1,891$1,460$1,117$848$275
24 years$2,296$1,772$1,351$1,019$762$233
25 years$2,181$1,663$1,251$931$686$197
26 years$2,075$1,563$1,160$851$618$167
27 years$1,977$1,471$1,077$779$557$141
28 years$1,886$1,386$1,002$714$503$120
29 years$1,801$1,307$932$654$454$101
30 years$1,722$1,235$868$601$410$86
31 years$1,648$1,167$809$552$371$73
32 years$1,580$1,104$755$507$335$62
33 years$1,515$1,046$705$466$304$52
34 years$1,454$991$659$429$275$44
35 years$1,397$940$616$395$249$38
36 years$1,344$892$576$364$226$32
37 years$1,293$847$539$335$204$27
38 years$1,245$805$505$309$185$23
39 years$1,200$766$473$285$168$20
40 years$1,157$729$443$263$152$17
41 years$1,116$694$416$242$138$14
42 years$1,077$661$390$224$125$12
43 years$1,040$629$366$206$114$10
44 years$1,005$600$344$191$103$9
45 years$972$572$323$176$94$7
46 years$940$546$303$163$85$6
47 years$909$521$285$150$77$5
48 years$880$497$268$139$70$4
49 years$853$475$251$128$64$4
50 years$826$454$236$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $846,000, adding $5,294 every year, while hoping to spend $56,640 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: 35/47/18 Blend
69$846,000$846,000$846,000$846,000
70$937,753$892,915$879,802$965,241
71$973,139$876,403$849,011$969,277
72$1,010,236$857,184$815,290$967,960
73$1,049,159$835,065$778,481$965,346
74$1,090,033$809,842$738,419$961,354
75$1,132,992$781,300$694,932$955,896
76$1,178,184$749,211$647,839$948,884
77$1,225,769$713,332$596,951$940,225
78$1,275,920$673,409$542,073$929,824
79$1,328,829$629,171$482,997$917,583
80$1,384,701$580,332$419,509$903,401
81$1,443,763$526,590$351,385$887,174
82$1,506,261$467,627$278,390$868,797
83$1,572,463$403,104$200,280$848,162
84$1,642,664$332,666$116,798$825,158
85$1,717,184$255,935$27,679$799,675
86$1,796,374$172,513$0$771,600
87$1,880,619$81,981$0$753,770
88$1,970,339$0$0$739,638
89$2,065,995$0$0$732,157
90$2,168,089$0$0$769,496
91$2,277,176$0$0$809,469
92$2,393,859$0$0$852,305
93$2,518,802$0$0$898,259
94$2,652,735$0$0$947,610
95$2,796,454$0$0$1,000,663
96$2,950,837$0$0$1,057,753
97$3,116,845$0$0$1,119,250
98$3,295,533$0$0$1,185,559
99$3,488,063$0$0$1,257,123
100$3,695,706$0$0$1,334,432