Can I retire at age 70 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$71,844$71,204$70,579$69,970$69,375$68,622
2 years$35,566$34,904$34,262$33,639$33,036$32,278
3 years$23,475$22,810$22,170$21,553$20,959$20,219
4 years$17,431$16,768$16,134$15,528$14,948$14,232
5 years$13,805$13,146$12,521$11,927$11,363$10,674
6 years$11,389$10,735$10,118$9,538$8,992$8,329
7 years$9,664$9,015$8,408$7,842$7,313$6,677
8 years$8,371$7,728$7,131$6,578$6,066$5,458
9 years$7,365$6,728$6,142$5,603$5,109$4,528
10 years$6,561$5,931$5,355$4,830$4,353$3,798
11 years$5,904$5,280$4,714$4,204$3,744$3,215
12 years$5,357$4,739$4,184$3,687$3,244$2,741
13 years$4,894$4,282$3,738$3,255$2,829$2,351
14 years$4,498$3,893$3,359$2,890$2,480$2,026
15 years$4,154$3,556$3,032$2,577$2,183$1,754
16 years$3,854$3,263$2,749$2,307$1,930$1,523
17 years$3,590$3,005$2,502$2,073$1,711$1,326
18 years$3,355$2,776$2,284$1,868$1,521$1,158
19 years$3,145$2,573$2,091$1,688$1,356$1,013
20 years$2,957$2,391$1,919$1,529$1,211$888
21 years$2,786$2,227$1,765$1,388$1,084$780
22 years$2,632$2,079$1,627$1,262$972$686
23 years$2,491$1,945$1,502$1,149$872$604
24 years$2,362$1,822$1,389$1,048$784$532
25 years$2,243$1,710$1,286$957$705$469
26 years$2,134$1,607$1,193$875$635$414
27 years$2,033$1,512$1,108$801$573$366
28 years$1,939$1,425$1,030$734$517$323
29 years$1,852$1,344$958$673$467$286
30 years$1,771$1,270$893$618$422$253
31 years$1,695$1,200$832$567$381$224
32 years$1,624$1,136$777$521$345$198
33 years$1,558$1,075$725$479$312$176
34 years$1,496$1,019$677$441$283$156
35 years$1,437$967$633$406$256$138
36 years$1,382$918$593$374$232$122
37 years$1,330$872$555$345$210$108
38 years$1,280$828$519$318$191$96
39 years$1,234$788$487$293$173$85
40 years$1,189$749$456$270$157$76
41 years$1,147$713$428$249$142$67
42 years$1,108$679$401$230$129$60
43 years$1,070$647$376$212$117$53
44 years$1,034$617$353$196$106$47
45 years$999$588$332$181$97$42
46 years$967$561$312$167$88$37
47 years$935$536$293$154$80$33
48 years$905$511$275$143$72$29
49 years$877$488$259$132$66$26
50 years$849$466$243$122$60$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $870,000, adding $3,518 every year, while hoping to spend $58,821 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: 62/9/29 Blend
69$870,000$870,000$870,000$870,000
70$962,369$916,259$902,774$1,014,327
71$997,945$898,570$870,432$1,032,394
72$1,035,179$878,044$835,035$1,045,439
73$1,074,177$854,478$796,418$1,058,443
74$1,115,056$827,660$754,411$1,071,412
75$1,157,940$797,364$708,832$1,084,359
76$1,202,967$763,351$659,495$1,097,298
77$1,250,285$725,370$606,203$1,110,247
78$1,300,054$683,154$548,751$1,123,230
79$1,352,450$636,419$486,924$1,136,276
80$1,407,664$584,868$420,500$1,149,421
81$1,465,904$528,184$349,245$1,162,706
82$1,527,395$466,035$272,915$1,176,183
83$1,592,386$398,067$191,254$1,189,910
84$1,661,146$323,909$103,997$1,203,958
85$1,733,969$243,166$10,867$1,218,406
86$1,811,177$155,424$0$1,233,349
87$1,893,120$60,243$0$1,276,286
88$1,980,184$0$0$1,325,319
89$2,072,788$0$0$1,381,566
90$2,171,392$0$0$1,447,845
91$2,276,500$0$0$1,518,533
92$2,388,663$0$0$1,594,007
93$2,508,486$0$0$1,674,677
94$2,636,631$0$0$1,760,994
95$2,773,822$0$0$1,853,455
96$2,920,858$0$0$1,952,601
97$3,078,610$0$0$2,059,028
98$3,248,038$0$0$2,173,389
99$3,430,192$0$0$2,296,401
100$3,626,229$0$0$2,428,853