Can I retire at age 70 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$70,027$69,403$68,795$68,201$67,621$67,110
2 years$34,667$34,021$33,395$32,789$32,200$31,686
3 years$22,882$22,233$21,609$21,008$20,429$19,926
4 years$16,990$16,344$15,726$15,135$14,570$14,083
5 years$13,456$12,814$12,204$11,625$11,076$10,606
6 years$11,101$10,463$9,863$9,297$8,764$8,312
7 years$9,419$8,787$8,196$7,643$7,128$6,693
8 years$8,159$7,532$6,951$6,412$5,913$5,496
9 years$7,179$6,558$5,987$5,461$4,980$4,581
10 years$6,395$5,781$5,219$4,708$4,243$3,861
11 years$5,755$5,146$4,595$4,097$3,649$3,285
12 years$5,221$4,619$4,078$3,594$3,162$2,815
13 years$4,770$4,174$3,643$3,173$2,757$2,427
14 years$4,384$3,794$3,274$2,816$2,417$2,103
15 years$4,049$3,466$2,956$2,512$2,128$1,829
16 years$3,757$3,180$2,680$2,249$1,881$1,597
17 years$3,499$2,929$2,438$2,021$1,668$1,399
18 years$3,270$2,706$2,226$1,821$1,483$1,228
19 years$3,066$2,508$2,038$1,646$1,322$1,081
20 years$2,882$2,331$1,870$1,490$1,181$953
21 years$2,716$2,171$1,720$1,353$1,057$842
22 years$2,565$2,026$1,585$1,230$947$745
23 years$2,428$1,895$1,464$1,120$850$660
24 years$2,302$1,776$1,354$1,022$764$585
25 years$2,186$1,667$1,254$933$688$519
26 years$2,080$1,566$1,163$853$619$461
27 years$1,981$1,474$1,080$781$558$410
28 years$1,890$1,389$1,004$715$504$365
29 years$1,805$1,310$934$656$455$325
30 years$1,726$1,237$870$602$411$289
31 years$1,652$1,170$811$553$372$258
32 years$1,583$1,107$757$508$336$230
33 years$1,519$1,048$707$467$304$205
34 years$1,458$993$660$430$275$183
35 years$1,401$942$617$396$250$163
36 years$1,347$894$578$365$226$145
37 years$1,296$849$541$336$205$130
38 years$1,248$807$506$310$186$116
39 years$1,202$768$474$285$168$104
40 years$1,159$730$445$263$153$92
41 years$1,118$695$417$243$139$83
42 years$1,080$662$391$224$126$74
43 years$1,043$631$367$207$114$66
44 years$1,008$601$344$191$104$59
45 years$974$573$323$176$94$53
46 years$942$547$304$163$85$47
47 years$912$522$285$151$78$42
48 years$882$498$268$139$70$38
49 years$855$476$252$129$64$34
50 years$828$455$237$119$58$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $848,000, adding $6,027 every year, while hoping to spend $27,052 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: 63/18/19 Blend
69$848,000$848,000$848,000$848,000
70$940,713$895,769$882,625$995,061
71$1,007,882$910,878$883,410$1,047,482
72$1,080,997$925,822$883,314$1,101,117
73$1,160,633$940,562$882,280$1,159,060
74$1,247,428$955,060$880,247$1,221,733
75$1,342,081$969,273$877,150$1,289,602
76$1,445,362$983,156$872,924$1,363,179
77$1,558,119$996,661$867,497$1,443,030
78$1,681,285$1,009,735$860,796$1,529,779
79$1,815,888$1,022,324$852,744$1,624,113
80$1,963,058$1,034,367$843,260$1,726,791
81$2,124,041$1,045,802$832,260$1,838,650
82$2,300,207$1,056,560$819,655$1,960,610
83$2,493,068$1,066,571$805,353$2,093,688
84$2,704,284$1,075,757$789,256$2,239,005
85$2,935,688$1,084,036$771,263$2,397,798
86$3,189,295$1,091,321$751,268$2,571,427
87$3,467,327$1,097,519$729,159$2,761,397
88$3,772,229$1,102,532$704,820$2,969,364
89$4,106,694$1,106,254$678,129$3,197,153
90$4,473,691$1,108,574$648,960$3,446,781
91$4,876,486$1,109,373$617,180$3,720,466
92$5,318,681$1,108,526$582,648$4,020,657
93$5,804,241$1,105,898$545,221$4,350,054
94$6,337,534$1,101,347$504,747$4,711,634
95$6,923,373$1,094,724$461,066$5,108,677
96$7,567,058$1,085,867$414,013$5,544,802
97$8,274,431$1,074,607$363,416$6,023,998
98$9,051,925$1,060,765$309,093$6,550,661
99$9,906,629$1,044,150$250,855$7,129,641
100$10,846,352$1,024,560$188,505$7,766,283