Can I retire at age 70 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$71,431$70,795$70,174$69,568$68,976$68,030
2 years$35,362$34,703$34,065$33,446$32,846$31,894
3 years$23,340$22,679$22,042$21,429$20,839$19,911
4 years$17,331$16,671$16,041$15,439$14,862$13,966
5 years$13,726$13,071$12,449$11,858$11,298$10,436
6 years$11,324$10,673$10,060$9,483$8,940$8,112
7 years$9,608$8,963$8,360$7,797$7,270$6,478
8 years$8,322$7,683$7,090$6,540$6,032$5,274
9 years$7,323$6,690$6,107$5,571$5,079$4,357
10 years$6,524$5,897$5,324$4,802$4,328$3,640
11 years$5,870$5,249$4,687$4,179$3,722$3,068
12 years$5,326$4,712$4,160$3,666$3,226$2,604
13 years$4,866$4,258$3,716$3,236$2,813$2,223
14 years$4,472$3,870$3,339$2,873$2,466$1,907
15 years$4,131$3,536$3,015$2,562$2,171$1,643
16 years$3,832$3,244$2,733$2,294$1,919$1,420
17 years$3,569$2,987$2,487$2,061$1,701$1,230
18 years$3,336$2,761$2,271$1,858$1,513$1,069
19 years$3,127$2,558$2,079$1,679$1,348$930
20 years$2,940$2,377$1,908$1,520$1,204$811
21 years$2,770$2,214$1,755$1,380$1,078$709
22 years$2,617$2,067$1,617$1,254$966$620
23 years$2,476$1,933$1,493$1,142$867$543
24 years$2,348$1,811$1,381$1,042$779$476
25 years$2,230$1,700$1,279$952$701$417
26 years$2,121$1,598$1,186$870$632$366
27 years$2,021$1,504$1,102$796$570$322
28 years$1,928$1,417$1,024$730$514$283
29 years$1,841$1,337$953$669$464$249
30 years$1,761$1,262$888$614$419$219
31 years$1,686$1,193$828$564$379$193
32 years$1,615$1,129$772$518$343$170
33 years$1,549$1,069$721$477$310$149
34 years$1,487$1,013$674$439$281$132
35 years$1,429$961$630$404$255$116
36 years$1,374$912$589$372$231$102
37 years$1,322$866$551$343$209$90
38 years$1,273$823$516$316$189$79
39 years$1,227$783$484$291$172$70
40 years$1,183$745$453$269$156$62
41 years$1,141$709$425$248$141$54
42 years$1,101$675$399$229$128$48
43 years$1,064$644$374$211$116$42
44 years$1,028$613$351$195$106$37
45 years$994$585$330$180$96$33
46 years$961$558$310$166$87$29
47 years$930$533$291$154$79$26
48 years$900$508$274$142$72$23
49 years$872$485$257$131$65$20
50 years$845$464$242$121$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $865,000, adding $4,229 every year, while hoping to spend $40,375 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: 47/34/19 Blend
69$865,000$865,000$865,000$865,000
70$957,592$911,747$898,340$997,252
71$1,012,308$913,464$885,475$1,027,036
72$1,071,251$913,912$870,827$1,054,944
73$1,134,811$912,986$854,292$1,084,386
74$1,203,415$910,575$835,763$1,115,523
75$1,277,530$906,560$815,129$1,148,532
76$1,357,674$900,817$792,271$1,183,613
77$1,444,412$893,212$767,067$1,220,989
78$1,538,367$883,605$739,389$1,260,906
79$1,640,224$871,846$709,103$1,303,640
80$1,750,737$857,776$676,067$1,349,497
81$1,870,733$841,228$640,136$1,398,817
82$2,001,123$822,023$601,157$1,451,979
83$2,142,910$799,975$558,968$1,509,403
84$2,297,196$774,882$513,402$1,571,556
85$2,465,194$746,535$464,284$1,638,957
86$2,648,238$714,710$411,433$1,712,182
87$2,847,798$679,171$354,656$1,791,871
88$3,065,491$639,668$293,754$1,878,732
89$3,303,096$595,936$228,519$1,973,553
90$3,562,572$547,697$158,735$2,077,205
91$3,846,074$494,655$84,173$2,190,656
92$4,155,978$436,497$4,597$2,314,978
93$4,494,897$372,894$0$2,451,358
94$4,865,708$303,497$0$2,617,396
95$5,271,580$227,939$0$2,800,319
96$5,716,002$145,829$0$3,000,861
97$6,202,818$56,758$0$3,220,865
98$6,736,257$0$0$3,462,369
99$7,320,982$0$0$3,742,479
100$7,962,123$0$0$4,072,997