Can I retire at age 70 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$71,596$70,958$70,336$69,729$69,136$68,442
2 years$35,444$34,783$34,144$33,523$32,922$32,223
3 years$23,394$22,731$22,093$21,479$20,887$20,205
4 years$17,371$16,710$16,078$15,474$14,897$14,237
5 years$13,758$13,101$12,477$11,886$11,324$10,688
6 years$11,350$10,698$10,084$9,505$8,961$8,349
7 years$9,631$8,984$8,379$7,815$7,287$6,701
8 years$8,342$7,701$7,106$6,556$6,046$5,484
9 years$7,340$6,705$6,121$5,584$5,091$4,554
10 years$6,539$5,910$5,336$4,813$4,338$3,825
11 years$5,884$5,261$4,698$4,189$3,731$3,242
12 years$5,338$4,722$4,169$3,674$3,233$2,768
13 years$4,877$4,268$3,725$3,244$2,819$2,377
14 years$4,482$3,879$3,347$2,880$2,471$2,051
15 years$4,140$3,544$3,022$2,568$2,176$1,778
16 years$3,841$3,251$2,740$2,299$1,923$1,546
17 years$3,578$2,994$2,493$2,066$1,705$1,348
18 years$3,344$2,767$2,276$1,862$1,516$1,179
19 years$3,135$2,564$2,083$1,682$1,351$1,033
20 years$2,947$2,383$1,912$1,524$1,207$907
21 years$2,777$2,220$1,759$1,383$1,080$797
22 years$2,623$2,072$1,621$1,257$968$702
23 years$2,482$1,938$1,497$1,145$869$619
24 years$2,353$1,816$1,384$1,044$781$546
25 years$2,235$1,704$1,282$954$703$483
26 years$2,126$1,601$1,189$872$633$427
27 years$2,026$1,507$1,104$798$571$378
28 years$1,932$1,420$1,026$731$515$334
29 years$1,846$1,340$955$671$465$296
30 years$1,765$1,265$890$616$420$262
31 years$1,689$1,196$829$565$380$233
32 years$1,619$1,132$774$520$344$206
33 years$1,553$1,072$723$478$311$183
34 years$1,491$1,016$675$440$282$163
35 years$1,432$963$631$405$255$144
36 years$1,377$914$590$373$231$128
37 years$1,325$868$553$343$209$114
38 years$1,276$825$518$316$190$101
39 years$1,229$785$485$292$172$90
40 years$1,185$747$454$269$156$80
41 years$1,144$711$426$248$142$71
42 years$1,104$677$400$229$129$63
43 years$1,066$645$375$212$117$56
44 years$1,030$615$352$195$106$50
45 years$996$586$331$180$96$44
46 years$963$559$311$167$87$39
47 years$932$534$292$154$79$35
48 years$902$510$274$142$72$31
49 years$874$487$258$131$65$28
50 years$846$465$242$122$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $867,000, adding $3,958 every year, while hoping to spend $27,600 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: 58/19/23 Blend
69$867,000$867,000$867,000$867,000
70$959,517$913,566$900,127$1,009,021
71$1,028,021$928,964$900,915$1,058,611
72$1,102,588$944,192$900,805$1,109,350
73$1,183,807$959,212$899,736$1,164,074
74$1,272,325$973,984$897,648$1,223,175
75$1,368,858$988,464$894,474$1,287,083
76$1,474,189$1,002,607$890,147$1,356,277
77$1,589,184$1,016,363$884,595$1,431,281
78$1,714,794$1,029,678$877,742$1,512,676
79$1,852,068$1,042,496$869,511$1,601,101
80$2,002,157$1,054,757$859,818$1,697,263
81$2,166,333$1,066,396$848,577$1,801,938
82$2,345,993$1,077,344$835,699$1,915,987
83$2,542,678$1,087,527$821,088$2,040,355
84$2,758,082$1,096,867$804,646$2,176,089
85$2,994,073$1,105,280$786,268$2,324,339
86$3,252,708$1,112,678$765,847$2,486,376
87$3,536,250$1,118,965$743,269$2,663,603
88$3,847,193$1,124,040$718,415$2,857,565
89$4,188,286$1,127,797$691,161$3,069,968
90$4,562,554$1,130,122$661,377$3,302,692
91$4,973,330$1,130,893$628,928$3,557,811
92$5,424,284$1,129,982$593,672$3,837,612
93$5,919,462$1,127,252$555,461$4,144,617
94$6,463,318$1,122,558$514,140$4,481,610
95$7,060,759$1,115,746$469,546$4,851,656
96$7,717,192$1,106,653$421,512$5,258,140
97$8,438,573$1,095,106$369,859$5,704,791
98$9,231,462$1,080,921$314,405$6,195,723
99$10,103,089$1,063,904$254,955$6,735,472
100$11,061,418$1,043,849$191,310$7,329,040