Can I retire at age 70 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$71,348$70,713$70,093$69,488$68,897$67,313
2 years$35,321$34,663$34,026$33,407$32,808$31,221
3 years$23,313$22,653$22,017$21,404$20,815$19,275
4 years$17,311$16,652$16,023$15,421$14,845$13,363
5 years$13,710$13,055$12,434$11,845$11,285$9,866
6 years$11,311$10,661$10,049$9,472$8,930$7,574
7 years$9,597$8,953$8,350$7,788$7,262$5,971
8 years$8,313$7,674$7,082$6,533$6,025$4,797
9 years$7,314$6,682$6,100$5,565$5,074$3,909
10 years$6,516$5,890$5,318$4,797$4,323$3,219
11 years$5,863$5,243$4,682$4,175$3,718$2,674
12 years$5,320$4,706$4,155$3,662$3,222$2,237
13 years$4,860$4,253$3,712$3,233$2,810$1,881
14 years$4,467$3,866$3,335$2,870$2,463$1,589
15 years$4,126$3,531$3,011$2,559$2,168$1,347
16 years$3,828$3,240$2,730$2,291$1,916$1,145
17 years$3,565$2,984$2,484$2,059$1,699$976
18 years$3,332$2,757$2,268$1,855$1,511$834
19 years$3,124$2,555$2,076$1,677$1,347$714
20 years$2,936$2,375$1,905$1,518$1,203$612
21 years$2,767$2,212$1,753$1,378$1,076$525
22 years$2,614$2,065$1,615$1,253$965$451
23 years$2,474$1,931$1,491$1,141$866$388
24 years$2,345$1,809$1,379$1,041$779$334
25 years$2,228$1,698$1,278$951$701$288
26 years$2,119$1,596$1,185$869$631$248
27 years$2,019$1,502$1,100$795$569$214
28 years$1,926$1,415$1,023$729$513$184
29 years$1,839$1,335$952$668$464$159
30 years$1,759$1,261$887$613$419$137
31 years$1,684$1,192$827$563$379$119
32 years$1,613$1,128$771$518$343$103
33 years$1,547$1,068$720$476$310$89
34 years$1,485$1,012$673$438$281$77
35 years$1,427$960$629$403$254$66
36 years$1,372$911$588$371$230$57
37 years$1,320$865$551$342$209$49
38 years$1,271$823$516$315$189$43
39 years$1,225$782$483$291$172$37
40 years$1,181$744$453$268$156$32
41 years$1,140$708$425$247$141$28
42 years$1,100$675$398$228$128$24
43 years$1,062$643$374$211$116$21
44 years$1,027$613$351$195$106$18
45 years$992$584$329$180$96$15
46 years$960$557$309$166$87$13
47 years$929$532$291$153$79$12
48 years$899$508$273$142$72$10
49 years$871$485$257$131$65$9
50 years$844$463$241$121$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $864,000, adding $2,471 every year, while hoping to spend $36,306 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: 67/5/28 Blend
69$864,000$864,000$864,000$864,000
70$954,677$908,885$895,493$1,011,480
71$1,013,425$914,791$886,863$1,055,970
72$1,076,948$919,770$876,726$1,100,297
73$1,145,695$923,737$864,995$1,147,970
74$1,220,160$926,604$851,577$1,199,322
75$1,300,885$928,276$836,373$1,254,719
76$1,388,466$928,653$819,283$1,314,568
77$1,483,560$927,627$800,199$1,379,317
78$1,586,887$925,085$779,010$1,449,461
79$1,699,242$920,907$755,599$1,525,544
80$1,821,498$914,964$729,845$1,608,171
81$1,954,615$907,122$701,619$1,698,007
82$2,099,651$897,236$670,788$1,795,785
83$2,257,769$885,154$637,213$1,902,318
84$2,430,250$870,715$600,748$2,018,499
85$2,618,503$853,747$561,240$2,145,317
86$2,824,079$834,069$518,530$2,283,861
87$3,048,686$811,490$472,452$2,435,334
88$3,294,204$785,805$422,832$2,601,064
89$3,562,704$756,800$369,487$2,782,515
90$3,856,464$724,248$312,230$2,981,304
91$4,177,994$687,906$250,860$3,199,213
92$4,530,057$647,522$185,172$3,438,210
93$4,915,697$602,825$114,949$3,700,465
94$5,338,265$553,530$39,967$3,988,373
95$5,801,451$499,337$0$4,304,575
96$6,309,322$439,926$0$4,663,950
97$6,866,352$374,962$0$5,071,268
98$7,477,475$304,090$0$5,518,197
99$8,148,120$226,934$0$6,008,727
100$8,884,272$143,097$0$6,547,253