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%13.9%
1 years$70,688$70,058$69,444$68,844$68,259$67,155
2 years$34,994$34,342$33,711$33,098$32,504$31,396
3 years$23,098$22,443$21,813$21,206$20,622$19,543
4 years$17,151$16,498$15,874$15,278$14,708$13,666
5 years$13,583$12,935$12,319$11,735$11,181$10,180
6 years$11,206$10,562$9,956$9,385$8,847$7,888
7 years$9,508$8,870$8,273$7,716$7,195$6,278
8 years$8,236$7,603$7,016$6,472$5,969$5,094
9 years$7,247$6,620$6,043$5,513$5,027$4,193
10 years$6,456$5,835$5,269$4,752$4,283$3,490
11 years$5,809$5,195$4,638$4,136$3,683$2,930
12 years$5,270$4,663$4,116$3,628$3,192$2,478
13 years$4,815$4,214$3,678$3,203$2,783$2,107
14 years$4,425$3,830$3,304$2,843$2,440$1,800
15 years$4,088$3,499$2,983$2,535$2,148$1,544
16 years$3,792$3,210$2,705$2,270$1,899$1,329
17 years$3,532$2,956$2,461$2,040$1,684$1,147
18 years$3,301$2,732$2,247$1,838$1,497$992
19 years$3,095$2,532$2,057$1,661$1,334$860
20 years$2,909$2,353$1,888$1,504$1,192$747
21 years$2,742$2,191$1,736$1,365$1,066$649
22 years$2,589$2,046$1,600$1,241$956$565
23 years$2,451$1,913$1,478$1,131$858$492
24 years$2,324$1,793$1,367$1,031$771$430
25 years$2,207$1,682$1,266$942$694$375
26 years$2,099$1,581$1,174$861$625$328
27 years$2,000$1,488$1,090$788$564$286
28 years$1,908$1,402$1,013$722$509$251
29 years$1,822$1,323$943$662$459$219
30 years$1,742$1,249$878$608$415$192
31 years$1,668$1,181$819$558$375$168
32 years$1,598$1,117$764$513$339$147
33 years$1,533$1,058$713$472$307$129
34 years$1,472$1,003$667$434$278$113
35 years$1,414$951$623$400$252$99
36 years$1,360$903$583$368$228$87
37 years$1,308$857$546$339$207$76
38 years$1,260$815$511$312$188$67
39 years$1,214$775$479$288$170$59
40 years$1,170$737$449$266$154$51
41 years$1,129$702$421$245$140$45
42 years$1,090$668$395$226$127$40
43 years$1,053$637$370$209$115$35
44 years$1,017$607$348$193$105$31
45 years$983$579$326$178$95$27
46 years$951$552$307$165$86$24
47 years$920$527$288$152$78$21
48 years$891$503$271$140$71$18
49 years$863$480$254$130$65$16
50 years$836$459$239$120$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $856,000, adding $5,855 every year, while hoping to spend $21,847 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: 78/8/14 Blend
69$856,000$856,000$856,000$856,000
70$949,351$903,983$890,715$1,020,232
71$1,022,940$925,034$897,309$1,088,789
72$1,103,303$946,383$903,392$1,160,601
73$1,191,107$968,023$908,923$1,238,757
74$1,287,089$989,945$913,860$1,323,882
75$1,392,056$1,012,137$918,159$1,416,663
76$1,506,902$1,034,587$921,774$1,517,860
77$1,632,607$1,057,283$924,654$1,628,307
78$1,770,251$1,080,209$926,749$1,748,926
79$1,921,026$1,103,348$928,004$1,880,730
80$2,086,241$1,126,683$928,362$2,024,835
81$2,267,341$1,150,193$927,765$2,182,473
82$2,465,914$1,173,856$926,150$2,354,998
83$2,683,711$1,197,650$923,450$2,543,905
84$2,922,662$1,221,546$919,597$2,750,839
85$3,184,889$1,245,518$914,520$2,977,613
86$3,472,734$1,269,534$908,142$3,226,225
87$3,788,773$1,293,561$900,385$3,498,876
88$4,135,844$1,317,563$891,165$3,797,991
89$4,517,077$1,341,500$880,396$4,126,244
90$4,935,916$1,365,331$867,986$4,486,578
91$5,396,156$1,389,009$853,840$4,882,239
92$5,901,980$1,412,486$837,859$5,316,802
93$6,457,993$1,435,709$819,939$5,794,209
94$7,069,271$1,458,621$799,969$6,318,800
95$7,741,404$1,481,161$777,836$6,895,360
96$8,480,554$1,503,265$753,420$7,529,162
97$9,293,508$1,524,862$726,597$8,226,016
98$10,187,742$1,545,877$697,235$8,992,324
99$11,171,497$1,566,230$665,197$9,835,142
100$12,253,850$1,585,836$630,342$10,762,245