Can I retire at age 70 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$70,523$69,894$69,281$68,683$68,099$67,755
2 years$34,912$34,262$33,632$33,021$32,428$32,081
3 years$23,044$22,391$21,762$21,157$20,574$20,234
4 years$17,110$16,459$15,837$15,242$14,673$14,344
5 years$13,551$12,904$12,290$11,708$11,154$10,836
6 years$11,180$10,537$9,932$9,363$8,826$8,520
7 years$9,486$8,849$8,254$7,697$7,178$6,883
8 years$8,217$7,585$7,000$6,457$5,955$5,672
9 years$7,230$6,605$6,029$5,500$5,015$4,743
10 years$6,441$5,822$5,256$4,741$4,273$4,013
11 years$5,795$5,183$4,628$4,126$3,675$3,426
12 years$5,258$4,652$4,107$3,619$3,185$2,947
13 years$4,804$4,204$3,669$3,195$2,777$2,551
14 years$4,415$3,821$3,297$2,836$2,434$2,219
15 years$4,078$3,491$2,977$2,530$2,143$1,938
16 years$3,784$3,203$2,699$2,265$1,894$1,699
17 years$3,524$2,949$2,456$2,035$1,680$1,494
18 years$3,294$2,725$2,242$1,834$1,493$1,318
19 years$3,088$2,526$2,052$1,657$1,331$1,165
20 years$2,902$2,347$1,883$1,501$1,189$1,031
21 years$2,735$2,186$1,732$1,362$1,064$915
22 years$2,583$2,041$1,597$1,239$954$813
23 years$2,445$1,909$1,474$1,128$856$723
24 years$2,318$1,788$1,363$1,029$770$644
25 years$2,202$1,678$1,263$940$692$574
26 years$2,094$1,577$1,171$859$624$513
27 years$1,995$1,484$1,088$786$562$458
28 years$1,903$1,399$1,011$720$507$409
29 years$1,818$1,320$941$661$458$366
30 years$1,738$1,246$876$606$414$328
31 years$1,664$1,178$817$557$374$293
32 years$1,595$1,115$762$512$339$263
33 years$1,529$1,056$712$471$306$235
34 years$1,468$1,001$665$433$277$211
35 years$1,411$949$622$399$251$189
36 years$1,356$901$582$367$228$170
37 years$1,305$855$544$338$206$152
38 years$1,257$813$510$312$187$137
39 years$1,211$773$478$287$170$123
40 years$1,168$736$448$265$154$110
41 years$1,126$700$420$245$140$99
42 years$1,087$667$394$226$127$89
43 years$1,050$635$369$208$115$80
44 years$1,015$606$347$192$104$72
45 years$981$577$326$178$95$64
46 years$949$551$306$164$86$58
47 years$918$526$287$152$78$52
48 years$889$502$270$140$71$47
49 years$861$479$254$130$64$42
50 years$834$458$239$120$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $854,000, adding $6,166 every year, while hoping to spend $48,478 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: 67/25/8 Blend
69$854,000$854,000$854,000$854,000
70$947,468$902,206$888,969$1,009,128
71$992,530$894,834$867,169$1,043,487
72$1,040,563$885,476$843,015$1,074,636
73$1,091,819$873,983$816,375$1,107,404
74$1,146,575$860,199$787,114$1,141,942
75$1,205,133$843,956$755,089$1,178,418
76$1,267,824$825,077$720,152$1,217,020
77$1,335,013$803,376$682,148$1,257,952
78$1,407,097$778,655$640,913$1,301,446
79$1,484,516$750,704$596,278$1,347,754
80$1,567,749$719,301$548,066$1,397,160
81$1,657,323$684,211$496,090$1,449,976
82$1,753,819$645,186$440,158$1,506,548
83$1,857,872$601,963$380,067$1,567,262
84$1,970,181$554,266$315,605$1,632,542
85$2,091,514$501,799$246,552$1,702,861
86$2,222,715$444,253$172,678$1,778,741
87$2,364,711$381,301$93,742$1,860,762
88$2,518,521$312,595$9,492$1,949,565
89$2,685,268$237,770$0$2,045,860
90$2,866,184$156,439$0$2,157,299
91$3,062,623$68,193$0$2,279,198
92$3,276,079$0$0$2,411,734
93$3,508,191$0$0$2,563,535
94$3,760,763$0$0$2,749,179
95$4,035,782$0$0$2,951,369
96$4,335,433$0$0$3,171,718
97$4,662,120$0$0$3,412,001
98$5,018,491$0$0$3,674,171
99$5,407,457$0$0$3,960,379
100$5,832,226$0$0$4,272,989