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%
1 years$71,431$70,795$70,174$69,568$68,976$68,114
2 years$35,362$34,703$34,065$33,446$32,846$31,979
3 years$23,340$22,679$22,042$21,429$20,839$19,993
4 years$17,331$16,671$16,041$15,439$14,862$14,045
5 years$13,726$13,071$12,449$11,858$11,298$10,511
6 years$11,324$10,673$10,060$9,483$8,940$8,184
7 years$9,608$8,963$8,360$7,797$7,270$6,547
8 years$8,322$7,683$7,090$6,540$6,032$5,339
9 years$7,323$6,690$6,107$5,571$5,079$4,419
10 years$6,524$5,897$5,324$4,802$4,328$3,698
11 years$5,870$5,249$4,687$4,179$3,722$3,122
12 years$5,326$4,712$4,160$3,666$3,226$2,656
13 years$4,866$4,258$3,716$3,236$2,813$2,272
14 years$4,472$3,870$3,339$2,873$2,466$1,953
15 years$4,131$3,536$3,015$2,562$2,171$1,685
16 years$3,832$3,244$2,733$2,294$1,919$1,459
17 years$3,569$2,987$2,487$2,061$1,701$1,268
18 years$3,336$2,761$2,271$1,858$1,513$1,104
19 years$3,127$2,558$2,079$1,679$1,348$963
20 years$2,940$2,377$1,908$1,520$1,204$841
21 years$2,770$2,214$1,755$1,380$1,078$737
22 years$2,617$2,067$1,617$1,254$966$646
23 years$2,476$1,933$1,493$1,142$867$567
24 years$2,348$1,811$1,381$1,042$779$498
25 years$2,230$1,700$1,279$952$701$438
26 years$2,121$1,598$1,186$870$632$385
27 years$2,021$1,504$1,102$796$570$339
28 years$1,928$1,417$1,024$730$514$299
29 years$1,841$1,337$953$669$464$263
30 years$1,761$1,262$888$614$419$232
31 years$1,686$1,193$828$564$379$205
32 years$1,615$1,129$772$518$343$181
33 years$1,549$1,069$721$477$310$160
34 years$1,487$1,013$674$439$281$141
35 years$1,429$961$630$404$255$125
36 years$1,374$912$589$372$231$110
37 years$1,322$866$551$343$209$97
38 years$1,273$823$516$316$189$86
39 years$1,227$783$484$291$172$76
40 years$1,183$745$453$269$156$67
41 years$1,141$709$425$248$141$59
42 years$1,101$675$399$229$128$53
43 years$1,064$644$374$211$116$46
44 years$1,028$613$351$195$106$41
45 years$994$585$330$180$96$36
46 years$961$558$310$166$87$32
47 years$930$533$291$154$79$28
48 years$900$508$274$142$72$25
49 years$872$485$257$131$65$22
50 years$845$464$242$121$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $865,000, adding $6,597 every year, while hoping to spend $51,482 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: 61/19/20 Blend
69$865,000$865,000$865,000$865,000
70$960,035$914,190$900,782$1,013,221
71$1,003,182$904,209$876,182$1,039,969
72$1,049,005$892,013$849,032$1,062,864
73$1,097,721$877,440$819,193$1,086,679
74$1,149,571$860,317$786,518$1,111,511
75$1,204,816$840,461$750,856$1,137,467
76$1,263,743$817,679$712,045$1,164,668
77$1,326,665$791,766$669,919$1,193,251
78$1,393,927$762,504$624,303$1,223,368
79$1,465,906$729,665$575,015$1,255,188
80$1,543,015$693,006$521,865$1,288,903
81$1,625,709$652,269$464,654$1,324,725
82$1,714,484$607,183$403,173$1,362,891
83$1,809,887$557,461$337,205$1,403,668
84$1,912,519$502,800$266,524$1,447,350
85$2,023,036$442,877$190,893$1,494,268
86$2,142,162$377,355$110,065$1,544,789
87$2,270,692$305,875$23,781$1,599,322
88$2,409,498$228,058$0$1,658,324
89$2,559,538$143,504$0$1,736,876
90$2,721,868$51,792$0$1,827,331
91$2,897,644$0$0$1,925,297
92$3,088,141$0$0$2,041,473
93$3,294,759$0$0$2,179,281
94$3,519,039$0$0$2,328,927
95$3,762,674$0$0$2,491,550
96$4,027,528$0$0$2,668,399
97$4,315,650$0$0$2,860,852
98$4,629,296$0$0$3,070,425
99$4,970,948$0$0$3,298,783
100$5,343,336$0$0$3,547,762