Can I retire at age 70 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$70,440$69,813$69,200$68,603$68,019$67,031
2 years$34,871$34,222$33,592$32,982$32,390$31,396
3 years$23,017$22,364$21,737$21,132$20,550$19,581
4 years$17,090$16,440$15,819$15,224$14,656$13,721
5 years$13,536$12,889$12,276$11,694$11,141$10,242
6 years$11,167$10,525$9,921$9,352$8,816$7,953
7 years$9,475$8,839$8,244$7,688$7,170$6,344
8 years$8,207$7,577$6,992$6,450$5,948$5,159
9 years$7,221$6,597$6,022$5,494$5,009$4,257
10 years$6,433$5,815$5,250$4,736$4,268$3,552
11 years$5,789$5,177$4,622$4,121$3,671$2,990
12 years$5,252$4,646$4,102$3,615$3,181$2,535
13 years$4,798$4,199$3,665$3,192$2,774$2,161
14 years$4,410$3,817$3,293$2,833$2,431$1,851
15 years$4,073$3,487$2,973$2,527$2,141$1,592
16 years$3,779$3,199$2,696$2,262$1,892$1,374
17 years$3,520$2,946$2,453$2,033$1,678$1,189
18 years$3,290$2,722$2,239$1,832$1,492$1,032
19 years$3,084$2,523$2,050$1,655$1,330$897
20 years$2,899$2,344$1,881$1,499$1,188$781
21 years$2,732$2,184$1,730$1,361$1,063$681
22 years$2,580$2,038$1,595$1,237$953$595
23 years$2,442$1,907$1,472$1,127$855$520
24 years$2,315$1,786$1,362$1,028$769$455
25 years$2,199$1,676$1,261$938$692$398
26 years$2,092$1,575$1,170$858$623$349
27 years$1,993$1,483$1,086$785$562$306
28 years$1,901$1,397$1,010$720$507$269
29 years$1,816$1,318$940$660$458$236
30 years$1,736$1,245$875$606$414$207
31 years$1,662$1,177$816$556$374$182
32 years$1,593$1,113$761$511$338$160
33 years$1,528$1,054$711$470$306$141
34 years$1,466$999$664$432$277$124
35 years$1,409$948$621$398$251$109
36 years$1,355$900$581$367$227$96
37 years$1,304$854$544$338$206$84
38 years$1,255$812$509$311$187$74
39 years$1,210$772$477$287$169$65
40 years$1,166$735$447$265$154$57
41 years$1,125$699$419$244$139$51
42 years$1,086$666$393$225$127$45
43 years$1,049$635$369$208$115$39
44 years$1,013$605$346$192$104$35
45 years$980$577$325$177$95$30
46 years$948$550$306$164$86$27
47 years$917$525$287$151$78$24
48 years$888$501$270$140$71$21
49 years$860$479$254$129$64$18
50 years$833$457$238$120$58$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $853,000, adding $4,346 every year, while hoping to spend $57,571 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: 38/50/12 Blend
69$853,000$853,000$853,000$853,000
70$944,489$899,280$886,058$976,774
71$979,572$882,090$854,486$982,956
72$1,016,303$862,127$819,927$983,711
73$1,054,791$839,197$782,220$983,259
74$1,095,152$813,089$741,196$981,517
75$1,137,512$783,585$696,680$978,403
76$1,182,008$750,451$648,489$973,827
77$1,228,790$713,439$596,430$967,700
78$1,278,019$672,291$540,303$959,929
79$1,329,872$626,728$479,899$950,415
80$1,384,541$576,460$414,998$939,060
81$1,442,236$521,178$345,372$925,761
82$1,503,185$460,556$270,782$910,414
83$1,567,636$394,250$190,979$892,912
84$1,635,861$321,895$105,704$873,144
85$1,708,158$243,107$14,684$851,001
86$1,784,851$157,480$0$826,370
87$1,866,294$64,584$0$809,695
88$1,952,874$0$0$792,998
89$2,045,017$0$0$794,149
90$2,143,186$0$0$833,299
91$2,247,891$0$0$875,123
92$2,359,687$0$0$919,853
93$2,479,185$0$0$967,743
94$2,607,055$0$0$1,019,071
95$2,744,030$0$0$1,074,142
96$2,890,914$0$0$1,133,291
97$3,048,591$0$0$1,196,884
98$3,218,030$0$0$1,265,326
99$3,400,293$0$0$1,339,060
100$3,596,549$0$0$1,418,571