Can I retire at age 70 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$69,944$69,321$68,714$68,120$67,541$66,422
2 years$34,626$33,981$33,356$32,750$32,162$31,038
3 years$22,855$22,207$21,584$20,983$20,405$19,311
4 years$16,970$16,325$15,707$15,117$14,553$13,497
5 years$13,440$12,799$12,190$11,612$11,063$10,049
6 years$11,088$10,451$9,851$9,286$8,754$7,782
7 years$9,408$8,777$8,186$7,634$7,119$6,190
8 years$8,149$7,523$6,943$6,404$5,906$5,020
9 years$7,170$6,550$5,980$5,455$4,974$4,129
10 years$6,388$5,774$5,213$4,702$4,238$3,435
11 years$5,748$5,140$4,590$4,092$3,645$2,882
12 years$5,215$4,613$4,073$3,590$3,158$2,436
13 years$4,765$4,169$3,639$3,169$2,754$2,070
14 years$4,379$3,790$3,270$2,813$2,414$1,767
15 years$4,045$3,462$2,952$2,509$2,126$1,515
16 years$3,753$3,176$2,677$2,246$1,879$1,303
17 years$3,495$2,925$2,436$2,018$1,666$1,124
18 years$3,267$2,703$2,223$1,819$1,481$971
19 years$3,062$2,505$2,035$1,644$1,320$841
20 years$2,879$2,328$1,868$1,489$1,179$730
21 years$2,713$2,168$1,718$1,351$1,055$634
22 years$2,562$2,024$1,584$1,228$946$552
23 years$2,425$1,893$1,462$1,119$849$480
24 years$2,299$1,774$1,352$1,020$763$419
25 years$2,184$1,665$1,252$932$687$365
26 years$2,077$1,564$1,162$852$619$319
27 years$1,979$1,472$1,079$780$558$278
28 years$1,888$1,387$1,003$715$503$243
29 years$1,803$1,309$933$655$454$213
30 years$1,724$1,236$869$601$411$186
31 years$1,650$1,168$810$552$371$163
32 years$1,581$1,106$756$508$336$143
33 years$1,517$1,047$706$467$304$125
34 years$1,456$992$660$429$275$109
35 years$1,399$941$617$395$249$96
36 years$1,345$893$577$364$226$84
37 years$1,294$848$540$335$205$74
38 years$1,246$806$506$309$186$64
39 years$1,201$767$474$285$168$56
40 years$1,158$730$444$263$153$49
41 years$1,117$694$416$243$138$43
42 years$1,078$661$391$224$126$38
43 years$1,041$630$366$207$114$33
44 years$1,006$601$344$191$103$29
45 years$973$573$323$176$94$26
46 years$941$546$303$163$85$22
47 years$911$521$285$150$77$20
48 years$881$498$268$139$70$17
49 years$854$475$252$128$64$15
50 years$827$454$237$119$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $847,000, adding $6,198 every year, while hoping to spend $45,392 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: 67/18/15 Blend
69$847,000$847,000$847,000$847,000
70$939,787$894,896$881,768$999,027
71$987,349$890,449$863,010$1,034,891
72$1,038,240$884,263$842,103$1,068,182
73$1,092,753$876,205$818,926$1,103,446
74$1,151,208$866,133$793,354$1,140,872
75$1,213,956$853,898$765,256$1,180,672
76$1,281,381$839,341$734,494$1,223,079
77$1,353,908$822,294$700,925$1,268,351
78$1,431,999$802,579$664,399$1,316,775
79$1,516,166$780,008$624,759$1,368,667
80$1,606,967$754,381$581,841$1,424,378
81$1,705,020$725,488$535,474$1,484,296
82$1,810,999$693,104$485,480$1,548,850
83$1,925,648$656,994$431,671$1,618,515
84$2,049,785$616,906$373,852$1,693,819
85$2,184,306$572,578$311,819$1,775,342
86$2,330,200$523,729$245,360$1,863,728
87$2,488,552$470,064$174,252$1,959,688
88$2,660,558$411,270$98,262$2,064,011
89$2,847,531$347,018$17,150$2,177,565
90$3,050,916$276,959$0$2,301,315
91$3,272,304$200,725$0$2,447,432
92$3,513,445$117,926$0$2,609,636
93$3,776,264$28,152$0$2,786,522
94$4,062,881$0$0$2,979,574
95$4,375,628$0$0$3,204,099
96$4,717,072$0$0$3,455,363
97$5,090,041$0$0$3,729,876
98$5,497,645$0$0$4,029,935
99$5,943,310$0$0$4,358,068
100$6,430,807$0$0$4,717,058