Can I retire at age 70 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$70,688$70,058$69,444$68,844$68,259$66,581
2 years$34,994$34,342$33,711$33,098$32,504$30,825
3 years$23,098$22,443$21,813$21,206$20,622$18,993
4 years$17,151$16,498$15,874$15,278$14,708$13,142
5 years$13,583$12,935$12,319$11,735$11,181$9,682
6 years$11,206$10,562$9,956$9,385$8,847$7,417
7 years$9,508$8,870$8,273$7,716$7,195$5,833
8 years$8,236$7,603$7,016$6,472$5,969$4,676
9 years$7,247$6,620$6,043$5,513$5,027$3,801
10 years$6,456$5,835$5,269$4,752$4,283$3,123
11 years$5,809$5,195$4,638$4,136$3,683$2,587
12 years$5,270$4,663$4,116$3,628$3,192$2,158
13 years$4,815$4,214$3,678$3,203$2,783$1,810
14 years$4,425$3,830$3,304$2,843$2,440$1,525
15 years$4,088$3,499$2,983$2,535$2,148$1,289
16 years$3,792$3,210$2,705$2,270$1,899$1,093
17 years$3,532$2,956$2,461$2,040$1,684$929
18 years$3,301$2,732$2,247$1,838$1,497$791
19 years$3,095$2,532$2,057$1,661$1,334$675
20 years$2,909$2,353$1,888$1,504$1,192$577
21 years$2,742$2,191$1,736$1,365$1,066$494
22 years$2,589$2,046$1,600$1,241$956$423
23 years$2,451$1,913$1,478$1,131$858$363
24 years$2,324$1,793$1,367$1,031$771$311
25 years$2,207$1,682$1,266$942$694$267
26 years$2,099$1,581$1,174$861$625$230
27 years$2,000$1,488$1,090$788$564$197
28 years$1,908$1,402$1,013$722$509$170
29 years$1,822$1,323$943$662$459$146
30 years$1,742$1,249$878$608$415$126
31 years$1,668$1,181$819$558$375$108
32 years$1,598$1,117$764$513$339$93
33 years$1,533$1,058$713$472$307$80
34 years$1,472$1,003$667$434$278$69
35 years$1,414$951$623$400$252$59
36 years$1,360$903$583$368$228$51
37 years$1,308$857$546$339$207$44
38 years$1,260$815$511$312$188$38
39 years$1,214$775$479$288$170$33
40 years$1,170$737$449$266$154$28
41 years$1,129$702$421$245$140$24
42 years$1,090$668$395$226$127$21
43 years$1,053$637$370$209$115$18
44 years$1,017$607$348$193$105$16
45 years$983$579$326$178$95$13
46 years$951$552$307$165$86$12
47 years$920$527$288$152$78$10
48 years$891$503$271$140$71$9
49 years$863$480$254$130$65$7
50 years$836$459$239$120$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $856,000, adding $2,991 every year, while hoping to spend $34,239 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: 61/23/16 Blend
69$856,000$856,000$856,000$856,000
70$946,397$901,029$887,761$1,000,135
71$1,006,500$908,750$881,071$1,044,410
72$1,071,585$915,701$873,009$1,088,596
73$1,142,126$921,809$863,494$1,136,008
74$1,218,640$926,995$852,439$1,186,962
75$1,301,700$931,176$839,754$1,241,807
76$1,391,932$934,263$825,345$1,300,928
77$1,490,028$936,161$809,113$1,364,749
78$1,596,748$936,770$790,955$1,433,742
79$1,712,928$935,983$770,763$1,508,424
80$1,839,487$933,686$748,424$1,589,367
81$1,977,438$929,760$723,820$1,677,204
82$2,127,895$924,077$696,827$1,772,633
83$2,292,085$916,502$667,315$1,876,424
84$2,471,357$906,890$635,149$1,989,428
85$2,667,198$895,089$600,189$2,112,583
86$2,881,242$880,939$562,286$2,246,927
87$3,115,292$864,269$521,286$2,393,602
88$3,371,331$844,897$477,027$2,553,872
89$3,651,541$822,631$429,342$2,729,131
90$3,958,327$797,268$378,054$2,920,917
91$4,294,336$768,595$322,979$3,130,927
92$4,662,485$736,382$263,925$3,361,035
93$5,065,984$700,390$200,692$3,613,308
94$5,508,369$660,364$133,070$3,890,029
95$5,993,536$616,035$60,841$4,193,713
96$6,525,774$567,119$0$4,527,139
97$7,109,809$513,313$0$4,896,144
98$7,750,845$454,301$0$5,312,601
99$8,454,615$389,746$0$5,769,885
100$9,227,436$319,293$0$6,272,156