Can I retire at age 70 with 858,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$70,853$70,222$69,606$69,005$68,418$67,119
2 years$35,076$34,422$33,789$33,175$32,580$31,276
3 years$23,151$22,495$21,864$21,256$20,670$19,402
4 years$17,191$16,537$15,911$15,314$14,742$13,520
5 years$13,615$12,965$12,348$11,762$11,207$10,034
6 years$11,232$10,587$9,979$9,406$8,867$7,745
7 years$9,531$8,891$8,293$7,734$7,212$6,140
8 years$8,255$7,621$7,033$6,487$5,983$4,962
9 years$7,264$6,635$6,057$5,526$5,038$4,067
10 years$6,471$5,849$5,281$4,763$4,293$3,371
11 years$5,823$5,207$4,649$4,146$3,692$2,818
12 years$5,283$4,673$4,126$3,636$3,199$2,372
13 years$4,826$4,223$3,686$3,210$2,790$2,008
14 years$4,436$3,839$3,312$2,850$2,446$1,708
15 years$4,097$3,507$2,990$2,541$2,153$1,458
16 years$3,801$3,218$2,711$2,276$1,903$1,248
17 years$3,541$2,963$2,467$2,045$1,687$1,072
18 years$3,309$2,738$2,252$1,843$1,500$922
19 years$3,102$2,538$2,062$1,665$1,337$795
20 years$2,916$2,358$1,892$1,508$1,195$687
21 years$2,748$2,197$1,740$1,369$1,069$594
22 years$2,595$2,050$1,604$1,244$958$514
23 years$2,456$1,918$1,481$1,133$860$446
24 years$2,329$1,797$1,370$1,034$773$387
25 years$2,212$1,686$1,269$944$696$336
26 years$2,104$1,585$1,177$863$627$292
27 years$2,005$1,491$1,093$790$565$254
28 years$1,912$1,405$1,016$724$510$221
29 years$1,826$1,326$945$664$460$192
30 years$1,747$1,252$880$609$416$167
31 years$1,672$1,184$821$559$376$146
32 years$1,602$1,120$766$514$340$127
33 years$1,537$1,061$715$473$308$110
34 years$1,475$1,005$668$435$279$96
35 years$1,417$953$625$400$252$84
36 years$1,363$905$584$369$229$73
37 years$1,311$859$547$340$207$64
38 years$1,263$817$512$313$188$56
39 years$1,217$777$480$289$170$48
40 years$1,173$739$450$266$155$42
41 years$1,132$703$422$246$140$37
42 years$1,092$670$396$227$127$32
43 years$1,055$638$371$209$115$28
44 years$1,019$608$348$193$105$24
45 years$986$580$327$179$95$21
46 years$953$553$307$165$86$19
47 years$922$528$289$152$78$16
48 years$893$504$271$141$71$14
49 years$865$482$255$130$65$12
50 years$838$460$240$120$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $858,000, adding $5,142 every year, while hoping to spend $36,622 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: 28/48/24 Blend
69$858,000$858,000$858,000$858,000
70$950,820$905,346$892,047$970,189
71$1,008,838$910,742$882,965$991,217
72$1,071,547$915,176$872,351$1,010,240
73$1,139,385$918,560$860,116$1,029,918
74$1,212,838$920,805$846,165$1,050,331
75$1,292,435$921,812$830,400$1,071,569
76$1,378,762$921,479$812,716$1,093,736
77$1,472,461$919,697$793,007$1,116,948
78$1,574,238$916,349$771,160$1,141,336
79$1,684,872$911,312$747,055$1,167,050
80$1,805,218$904,454$720,570$1,194,256
81$1,936,216$895,639$691,575$1,223,144
82$2,078,902$884,717$659,935$1,253,924
83$2,234,416$871,534$625,509$1,286,836
84$2,404,011$855,924$588,148$1,322,147
85$2,589,069$837,713$547,699$1,360,156
86$2,791,107$816,714$504,001$1,401,198
87$3,011,799$792,732$456,883$1,445,650
88$3,252,985$765,558$406,172$1,493,931
89$3,516,692$734,974$351,682$1,546,510
90$3,805,153$700,746$293,221$1,603,911
91$4,120,824$662,628$230,590$1,666,719
92$4,466,412$620,360$163,578$1,735,586
93$4,844,895$573,666$91,966$1,811,239
94$5,259,555$522,257$15,528$1,894,487
95$5,714,005$465,823$0$1,986,231
96$6,212,225$404,040$0$2,104,387
97$6,758,599$336,565$0$2,238,500
98$7,357,954$263,034$0$2,385,896
99$8,015,608$183,065$0$2,548,023
100$8,737,417$96,252$0$2,726,483