Can I retire at age 70 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$70,110$69,485$68,876$68,281$67,700$67,415
2 years$34,708$34,061$33,435$32,827$32,238$31,950
3 years$22,909$22,259$21,635$21,033$20,453$20,172
4 years$17,010$16,363$15,744$15,153$14,587$14,314
5 years$13,472$12,829$12,218$11,639$11,089$10,825
6 years$11,114$10,476$9,874$9,308$8,774$8,520
7 years$9,431$8,797$8,206$7,652$7,136$6,891
8 years$8,168$7,541$6,959$6,419$5,920$5,685
9 years$7,187$6,566$5,994$5,468$4,985$4,760
10 years$6,403$5,787$5,225$4,713$4,248$4,032
11 years$5,761$5,152$4,600$4,102$3,653$3,446
12 years$5,227$4,624$4,083$3,598$3,166$2,968
13 years$4,776$4,179$3,648$3,177$2,761$2,572
14 years$4,389$3,799$3,277$2,820$2,420$2,240
15 years$4,054$3,470$2,959$2,515$2,131$1,959
16 years$3,761$3,184$2,683$2,252$1,883$1,720
17 years$3,503$2,932$2,441$2,023$1,670$1,515
18 years$3,274$2,709$2,229$1,823$1,485$1,338
19 years$3,070$2,511$2,040$1,647$1,323$1,184
20 years$2,885$2,333$1,872$1,492$1,182$1,050
21 years$2,719$2,174$1,722$1,354$1,058$933
22 years$2,568$2,029$1,587$1,231$948$830
23 years$2,431$1,898$1,466$1,121$851$740
24 years$2,305$1,778$1,355$1,023$765$660
25 years$2,189$1,668$1,255$934$688$589
26 years$2,082$1,568$1,164$854$620$527
27 years$1,984$1,476$1,081$782$559$471
28 years$1,892$1,391$1,005$716$504$422
29 years$1,807$1,312$935$657$455$378
30 years$1,728$1,239$871$603$412$339
31 years$1,654$1,171$812$554$372$304
32 years$1,585$1,108$758$509$337$273
33 years$1,520$1,049$708$468$305$245
34 years$1,460$995$661$430$276$220
35 years$1,402$943$618$396$250$197
36 years$1,348$895$578$365$226$177
37 years$1,298$850$541$336$205$159
38 years$1,249$808$507$310$186$143
39 years$1,204$769$475$286$169$129
40 years$1,161$731$445$264$153$116
41 years$1,120$696$417$243$139$104
42 years$1,081$663$391$224$126$94
43 years$1,044$632$367$207$114$84
44 years$1,009$602$345$191$104$76
45 years$975$574$324$177$94$68
46 years$943$548$304$163$86$62
47 years$913$523$286$151$78$55
48 years$884$499$268$139$71$50
49 years$856$476$252$129$64$45
50 years$829$455$237$119$58$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $849,000, adding $6,475 every year, while hoping to spend $53,781 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: 63/26/11 Blend
69$849,000$849,000$849,000$849,000
70$942,277$897,280$884,120$998,882
71$981,167$884,024$856,516$1,024,284
72$1,022,221$868,316$826,184$1,045,199
73$1,065,603$849,979$792,977$1,066,691
74$1,111,492$828,826$756,739$1,088,816
75$1,160,084$804,658$717,310$1,111,636
76$1,211,591$777,265$674,519$1,135,225
77$1,266,247$746,425$628,189$1,159,662
78$1,324,308$711,903$578,136$1,185,040
79$1,386,050$673,450$524,167$1,211,463
80$1,451,781$630,802$466,080$1,239,048
81$1,521,833$583,682$403,664$1,267,927
82$1,596,572$531,794$336,699$1,298,249
83$1,676,399$474,829$264,956$1,330,182
84$1,761,754$412,458$188,193$1,363,913
85$1,853,117$344,332$106,162$1,399,655
86$1,951,017$270,086$18,600$1,437,643
87$2,056,032$189,332$0$1,478,143
88$2,168,798$101,660$0$1,530,237
89$2,290,012$6,638$0$1,588,374
90$2,420,440$0$0$1,650,776
91$2,560,922$0$0$1,745,414
92$2,712,382$0$0$1,849,542
93$2,875,834$0$0$1,961,963
94$3,052,391$0$0$2,083,449
95$3,243,279$0$0$2,214,850
96$3,449,843$0$0$2,357,099
97$3,673,562$0$0$2,511,222
98$3,916,064$0$0$2,678,347
99$4,179,137$0$0$2,859,715
100$4,464,747$0$0$3,056,690