Can I retire at age 70 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$70,275$69,649$69,038$68,442$67,860$66,653
2 years$34,789$34,142$33,514$32,905$32,314$31,103
3 years$22,963$22,312$21,686$21,082$20,501$19,323
4 years$17,050$16,402$15,782$15,189$14,622$13,485
5 years$13,504$12,859$12,247$11,666$11,115$10,024
6 years$11,140$10,500$9,897$9,330$8,795$7,750
7 years$9,453$8,818$8,225$7,670$7,153$6,154
8 years$8,188$7,559$6,975$6,435$5,934$4,982
9 years$7,204$6,581$6,008$5,481$4,997$4,091
10 years$6,418$5,801$5,238$4,725$4,258$3,397
11 years$5,775$5,164$4,611$4,112$3,662$2,845
12 years$5,240$4,635$4,092$3,607$3,173$2,399
13 years$4,787$4,189$3,656$3,184$2,767$2,035
14 years$4,399$3,808$3,285$2,826$2,426$1,734
15 years$4,064$3,478$2,966$2,521$2,136$1,484
16 years$3,770$3,191$2,689$2,257$1,888$1,273
17 years$3,512$2,939$2,447$2,028$1,674$1,096
18 years$3,282$2,716$2,234$1,828$1,488$945
19 years$3,077$2,517$2,045$1,651$1,326$817
20 years$2,892$2,339$1,877$1,496$1,185$707
21 years$2,726$2,179$1,726$1,357$1,060$613
22 years$2,574$2,034$1,591$1,234$950$532
23 years$2,436$1,902$1,469$1,124$853$462
24 years$2,310$1,782$1,359$1,025$767$402
25 years$2,194$1,672$1,258$936$690$350
26 years$2,087$1,572$1,167$856$622$305
27 years$1,988$1,479$1,084$784$560$265
28 years$1,897$1,394$1,007$718$506$231
29 years$1,812$1,315$938$658$457$202
30 years$1,732$1,242$873$604$413$176
31 years$1,658$1,174$814$555$373$154
32 years$1,589$1,111$760$510$337$134
33 years$1,524$1,052$709$469$305$117
34 years$1,463$997$663$431$276$102
35 years$1,406$946$620$397$250$89
36 years$1,352$898$580$366$227$78
37 years$1,301$852$542$337$206$68
38 years$1,252$810$508$311$186$60
39 years$1,207$770$476$286$169$52
40 years$1,163$733$446$264$153$46
41 years$1,122$698$418$244$139$40
42 years$1,083$664$392$225$126$35
43 years$1,046$633$368$208$115$31
44 years$1,011$603$346$192$104$27
45 years$977$575$325$177$94$23
46 years$945$549$305$164$86$20
47 years$915$524$286$151$78$18
48 years$886$500$269$140$71$16
49 years$858$478$253$129$64$14
50 years$831$456$238$119$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $851,000, adding $6,457 every year, while hoping to spend $24,006 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: 56/16/28 Blend
69$851,000$851,000$851,000$851,000
70$944,462$899,359$886,169$989,740
71$1,015,255$917,886$890,313$1,040,130
72$1,092,465$936,515$893,792$1,091,971
73$1,176,719$955,228$896,557$1,147,969
74$1,268,712$974,001$898,559$1,208,533
75$1,369,205$992,812$899,745$1,274,115
76$1,479,037$1,011,633$900,060$1,345,212
77$1,599,133$1,030,437$899,446$1,422,374
78$1,730,509$1,049,193$897,842$1,506,205
79$1,874,286$1,067,868$895,185$1,597,372
80$2,031,697$1,086,428$891,407$1,696,612
81$2,204,100$1,104,833$886,440$1,804,736
82$2,392,991$1,123,043$880,208$1,922,640
83$2,600,018$1,141,013$872,637$2,051,309
84$2,826,994$1,158,697$863,644$2,191,833
85$3,075,917$1,176,043$853,146$2,345,412
86$3,348,988$1,192,997$841,055$2,513,368
87$3,648,632$1,209,500$827,277$2,697,162
88$3,977,517$1,225,491$811,716$2,898,403
89$4,338,586$1,240,902$794,270$3,118,866
90$4,735,078$1,255,662$774,834$3,360,506
91$5,170,562$1,269,695$753,297$3,625,482
92$5,648,968$1,282,920$729,541$3,916,173
93$6,174,629$1,295,249$703,447$4,235,202
94$6,752,316$1,306,591$674,887$4,585,461
95$7,387,285$1,316,846$643,728$4,970,140
96$8,085,327$1,325,911$609,832$5,392,754
97$8,852,822$1,333,672$573,053$5,857,180
98$9,696,799$1,340,012$533,240$6,367,692
99$10,625,004$1,344,803$490,235$6,929,003
100$11,645,968$1,347,912$443,871$7,546,308