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%
1 years$70,110$69,485$68,876$68,281$67,700$67,387
2 years$34,708$34,061$33,435$32,827$32,238$31,922
3 years$22,909$22,259$21,635$21,033$20,453$20,144
4 years$17,010$16,363$15,744$15,153$14,587$14,287
5 years$13,472$12,829$12,218$11,639$11,089$10,799
6 years$11,114$10,476$9,874$9,308$8,774$8,495
7 years$9,431$8,797$8,206$7,652$7,136$6,867
8 years$8,168$7,541$6,959$6,419$5,920$5,661
9 years$7,187$6,566$5,994$5,468$4,985$4,738
10 years$6,403$5,787$5,225$4,713$4,248$4,010
11 years$5,761$5,152$4,600$4,102$3,653$3,426
12 years$5,227$4,624$4,083$3,598$3,166$2,949
13 years$4,776$4,179$3,648$3,177$2,761$2,554
14 years$4,389$3,799$3,277$2,820$2,420$2,223
15 years$4,054$3,470$2,959$2,515$2,131$1,943
16 years$3,761$3,184$2,683$2,252$1,883$1,705
17 years$3,503$2,932$2,441$2,023$1,670$1,500
18 years$3,274$2,709$2,229$1,823$1,485$1,324
19 years$3,070$2,511$2,040$1,647$1,323$1,171
20 years$2,885$2,333$1,872$1,492$1,182$1,038
21 years$2,719$2,174$1,722$1,354$1,058$921
22 years$2,568$2,029$1,587$1,231$948$819
23 years$2,431$1,898$1,466$1,121$851$729
24 years$2,305$1,778$1,355$1,023$765$650
25 years$2,189$1,668$1,255$934$688$580
26 years$2,082$1,568$1,164$854$620$518
27 years$1,984$1,476$1,081$782$559$463
28 years$1,892$1,391$1,005$716$504$414
29 years$1,807$1,312$935$657$455$371
30 years$1,728$1,239$871$603$412$332
31 years$1,654$1,171$812$554$372$298
32 years$1,585$1,108$758$509$337$267
33 years$1,520$1,049$708$468$305$239
34 years$1,460$995$661$430$276$215
35 years$1,402$943$618$396$250$193
36 years$1,348$895$578$365$226$173
37 years$1,298$850$541$336$205$155
38 years$1,249$808$507$310$186$140
39 years$1,204$769$475$286$169$125
40 years$1,161$731$445$264$153$113
41 years$1,120$696$417$243$139$101
42 years$1,081$663$391$224$126$91
43 years$1,044$632$367$207$114$82
44 years$1,009$602$345$191$104$74
45 years$975$574$324$177$94$66
46 years$943$548$304$163$86$59
47 years$913$523$286$151$78$54
48 years$884$499$268$139$71$48
49 years$856$476$252$129$64$43
50 years$829$455$237$119$58$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $849,000, adding $2,156 every year, while hoping to spend $24,593 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: 29/49/22 Blend
69$849,000$849,000$849,000$849,000
70$937,822$892,825$879,665$958,504
71$1,007,313$910,407$882,967$992,231
72$1,083,068$928,025$885,556$1,026,135
73$1,165,700$945,657$887,381$1,062,073
74$1,255,883$963,276$888,390$1,100,233
75$1,354,360$980,854$888,528$1,140,826
76$1,461,949$998,360$887,738$1,184,084
77$1,579,549$1,015,761$885,958$1,230,265
78$1,708,152$1,033,022$883,127$1,279,653
79$1,848,848$1,050,105$879,176$1,332,562
80$2,002,838$1,066,968$874,037$1,389,338
81$2,171,446$1,083,568$867,635$1,450,365
82$2,356,128$1,099,858$859,896$1,516,068
83$2,558,489$1,115,786$850,738$1,586,913
84$2,780,294$1,131,299$840,077$1,663,421
85$3,023,490$1,146,338$827,825$1,746,161
86$3,290,219$1,160,842$813,890$1,835,767
87$3,582,842$1,174,744$798,177$1,932,936
88$3,903,959$1,187,974$780,583$2,038,441
89$4,256,434$1,200,455$761,003$2,153,134
90$4,643,420$1,212,107$739,326$2,277,956
91$5,068,393$1,222,845$715,438$2,413,947
92$5,535,181$1,232,576$689,217$2,562,256
93$6,048,000$1,241,203$660,536$2,724,152
94$6,611,495$1,248,621$629,264$2,901,037
95$7,230,786$1,254,722$595,262$3,094,456
96$7,911,509$1,259,386$558,386$3,306,120
97$8,659,875$1,262,488$518,485$3,537,915
98$9,482,729$1,263,897$475,401$3,791,924
99$10,387,610$1,263,471$428,969$4,070,445
100$11,382,825$1,261,059$379,018$4,376,018