Can I retire at age 70 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$71,761$71,122$70,498$69,890$69,295$66,784
2 years$35,525$34,864$34,223$33,601$32,998$30,495
3 years$23,448$22,784$22,144$21,528$20,935$18,520
4 years$17,411$16,749$16,115$15,510$14,931$12,621
5 years$13,790$13,131$12,506$11,913$11,350$9,153
6 years$11,376$10,722$10,107$9,527$8,981$6,897
7 years$9,653$9,005$8,399$7,833$7,304$5,333
8 years$8,361$7,719$7,123$6,571$6,059$4,200
9 years$7,357$6,721$6,135$5,597$5,103$3,352
10 years$6,554$5,924$5,349$4,824$4,348$2,703
11 years$5,897$5,274$4,709$4,199$3,739$2,197
12 years$5,350$4,733$4,179$3,683$3,240$1,796
13 years$4,888$4,278$3,734$3,251$2,826$1,476
14 years$4,492$3,888$3,355$2,886$2,477$1,218
15 years$4,150$3,552$3,029$2,574$2,181$1,008
16 years$3,850$3,259$2,746$2,305$1,928$836
17 years$3,586$3,001$2,499$2,071$1,709$696
18 years$3,351$2,773$2,281$1,866$1,520$579
19 years$3,142$2,570$2,088$1,686$1,355$483
20 years$2,953$2,388$1,916$1,527$1,210$404
21 years$2,783$2,225$1,763$1,386$1,083$338
22 years$2,629$2,077$1,625$1,260$970$282
23 years$2,488$1,942$1,500$1,148$871$237
24 years$2,359$1,820$1,387$1,047$783$198
25 years$2,240$1,708$1,285$956$705$166
26 years$2,131$1,605$1,192$874$635$139
27 years$2,030$1,511$1,107$800$572$117
28 years$1,937$1,423$1,029$733$516$98
29 years$1,850$1,343$957$672$466$82
30 years$1,769$1,268$892$617$421$69
31 years$1,693$1,199$831$567$381$58
32 years$1,623$1,134$776$521$345$49
33 years$1,556$1,074$724$479$312$41
34 years$1,494$1,018$677$441$282$34
35 years$1,435$966$633$406$256$29
36 years$1,380$917$592$374$232$24
37 years$1,328$871$554$344$210$20
38 years$1,279$827$519$317$190$17
39 years$1,232$787$486$292$173$14
40 years$1,188$748$456$270$157$12
41 years$1,146$712$427$249$142$10
42 years$1,106$679$401$230$129$9
43 years$1,069$646$376$212$117$7
44 years$1,032$616$353$196$106$6
45 years$998$588$331$181$96$5
46 years$965$561$311$167$88$4
47 years$934$535$292$154$79$4
48 years$904$511$275$143$72$3
49 years$876$488$258$132$66$3
50 years$848$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $869,000, adding $2,685 every year, while hoping to spend $45,229 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: 58/32/10 Blend
69$869,000$869,000$869,000$869,000
70$960,408$914,351$900,881$1,013,673
71$1,010,246$911,030$882,937$1,046,538
72$1,063,652$906,032$862,876$1,077,040
73$1,120,941$899,224$840,580$1,109,190
74$1,182,462$890,471$815,924$1,143,151
75$1,248,593$879,624$788,778$1,179,103
76$1,319,754$866,531$759,006$1,217,248
77$1,396,404$851,025$726,467$1,257,810
78$1,479,045$832,933$691,012$1,301,037
79$1,568,233$812,072$652,486$1,347,205
80$1,664,575$788,246$610,727$1,396,621
81$1,768,740$761,248$565,564$1,449,626
82$1,881,462$730,861$516,822$1,506,597
83$2,003,550$696,852$464,315$1,567,955
84$2,135,892$658,977$407,849$1,634,165
85$2,279,464$616,978$347,223$1,705,744
86$2,435,340$570,581$282,225$1,783,264
87$2,604,702$519,496$212,637$1,867,362
88$2,788,849$463,419$138,228$1,958,742
89$2,989,210$402,025$58,757$2,058,184
90$3,207,360$334,974$0$2,166,553
91$3,445,027$261,905$0$2,287,589
92$3,704,119$182,437$0$2,426,442
93$3,986,730$96,167$0$2,578,044
94$4,295,168$2,671$0$2,743,725
95$4,631,973$0$0$2,924,959
96$4,999,942$0$0$3,158,058
97$5,402,151$0$0$3,413,946
98$5,841,991$0$0$3,693,849
99$6,323,193$0$0$4,000,150
100$6,849,864$0$0$4,335,474