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%14.5%
1 years$69,944$69,321$68,714$68,120$67,541$66,286
2 years$34,626$33,981$33,356$32,750$32,162$30,902
3 years$22,855$22,207$21,584$20,983$20,405$19,180
4 years$16,970$16,325$15,707$15,117$14,553$13,372
5 years$13,440$12,799$12,190$11,612$11,063$9,929
6 years$11,088$10,451$9,851$9,286$8,754$7,668
7 years$9,408$8,777$8,186$7,634$7,119$6,083
8 years$8,149$7,523$6,943$6,404$5,906$4,918
9 years$7,170$6,550$5,980$5,455$4,974$4,034
10 years$6,388$5,774$5,213$4,702$4,238$3,345
11 years$5,748$5,140$4,590$4,092$3,645$2,798
12 years$5,215$4,613$4,073$3,590$3,158$2,357
13 years$4,765$4,169$3,639$3,169$2,754$1,997
14 years$4,379$3,790$3,270$2,813$2,414$1,699
15 years$4,045$3,462$2,952$2,509$2,126$1,451
16 years$3,753$3,176$2,677$2,246$1,879$1,244
17 years$3,495$2,925$2,436$2,018$1,666$1,069
18 years$3,267$2,703$2,223$1,819$1,481$920
19 years$3,062$2,505$2,035$1,644$1,320$794
20 years$2,879$2,328$1,868$1,489$1,179$686
21 years$2,713$2,168$1,718$1,351$1,055$594
22 years$2,562$2,024$1,584$1,228$946$515
23 years$2,425$1,893$1,462$1,119$849$447
24 years$2,299$1,774$1,352$1,020$763$388
25 years$2,184$1,665$1,252$932$687$337
26 years$2,077$1,564$1,162$852$619$293
27 years$1,979$1,472$1,079$780$558$255
28 years$1,888$1,387$1,003$715$503$222
29 years$1,803$1,309$933$655$454$193
30 years$1,724$1,236$869$601$411$168
31 years$1,650$1,168$810$552$371$147
32 years$1,581$1,106$756$508$336$128
33 years$1,517$1,047$706$467$304$111
34 years$1,456$992$660$429$275$97
35 years$1,399$941$617$395$249$85
36 years$1,345$893$577$364$226$74
37 years$1,294$848$540$335$205$65
38 years$1,246$806$506$309$186$56
39 years$1,201$767$474$285$168$49
40 years$1,158$730$444$263$153$43
41 years$1,117$694$416$243$138$37
42 years$1,078$661$391$224$126$33
43 years$1,041$630$366$207$114$29
44 years$1,006$601$344$191$103$25
45 years$973$573$323$176$94$22
46 years$941$546$303$163$85$19
47 years$911$521$285$150$77$17
48 years$881$498$268$139$70$14
49 years$854$475$252$128$64$13
50 years$827$454$237$119$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $847,000, adding $4,383 every year, while hoping to spend $54,954 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: 48/29/23 Blend
69$847,000$847,000$847,000$847,000
70$937,915$893,024$879,896$976,622
71$975,112$878,312$850,901$989,394
72$1,014,261$861,036$819,094$997,417
73$1,055,503$841,015$784,322$1,005,010
74$1,098,992$818,053$746,424$1,012,160
75$1,144,896$791,944$705,236$1,018,851
76$1,193,397$762,471$660,583$1,025,074
77$1,244,694$729,402$612,283$1,030,819
78$1,299,005$692,495$560,147$1,036,085
79$1,356,568$651,491$503,976$1,040,869
80$1,417,641$606,118$443,562$1,045,178
81$1,482,509$556,086$378,690$1,049,022
82$1,551,482$501,091$309,133$1,052,420
83$1,624,899$440,811$234,655$1,055,397
84$1,703,133$374,905$155,010$1,057,987
85$1,786,590$303,013$69,941$1,060,237
86$1,875,716$224,754$0$1,062,201
87$1,971,001$139,729$0$1,069,065
88$2,072,979$47,512$0$1,094,450
89$2,182,239$0$0$1,121,346
90$2,299,424$0$0$1,166,654
91$2,425,242$0$0$1,231,643
92$2,560,469$0$0$1,301,559
93$2,705,956$0$0$1,376,852
94$2,862,639$0$0$1,458,015
95$3,031,544$0$0$1,545,589
96$3,213,801$0$0$1,640,169
97$3,410,649$0$0$1,742,410
98$3,623,451$0$0$1,853,030
99$3,853,702$0$0$1,972,820
100$4,103,051$0$0$2,102,647