Can I retire at age 70 with 871,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $871,000?

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$71,926$71,286$70,661$70,051$69,455$68,758
2 years$35,607$34,944$34,301$33,678$33,074$32,372
3 years$23,502$22,836$22,195$21,578$20,983$20,298
4 years$17,451$16,787$16,152$15,546$14,965$14,303
5 years$13,821$13,161$12,535$11,941$11,377$10,738
6 years$11,402$10,747$10,130$9,549$9,002$8,388
7 years$9,675$9,025$8,418$7,851$7,321$6,732
8 years$8,380$7,736$7,139$6,586$6,073$5,509
9 years$7,374$6,736$6,149$5,610$5,115$4,575
10 years$6,569$5,937$5,361$4,836$4,358$3,843
11 years$5,911$5,286$4,720$4,208$3,748$3,257
12 years$5,363$4,744$4,189$3,691$3,248$2,781
13 years$4,900$4,287$3,742$3,259$2,832$2,388
14 years$4,503$3,897$3,362$2,893$2,483$2,061
15 years$4,159$3,560$3,036$2,580$2,186$1,786
16 years$3,859$3,266$2,752$2,310$1,932$1,553
17 years$3,594$3,008$2,505$2,076$1,713$1,354
18 years$3,359$2,780$2,286$1,870$1,523$1,184
19 years$3,149$2,576$2,093$1,690$1,358$1,038
20 years$2,960$2,394$1,921$1,531$1,213$911
21 years$2,790$2,230$1,767$1,389$1,085$801
22 years$2,635$2,081$1,628$1,263$973$705
23 years$2,494$1,947$1,504$1,150$873$622
24 years$2,364$1,824$1,391$1,049$785$549
25 years$2,246$1,712$1,288$958$706$485
26 years$2,136$1,609$1,194$876$636$429
27 years$2,035$1,514$1,109$802$574$379
28 years$1,941$1,427$1,031$735$518$336
29 years$1,854$1,346$960$674$467$297
30 years$1,773$1,271$894$618$422$264
31 years$1,697$1,202$833$568$382$234
32 years$1,626$1,137$777$522$345$207
33 years$1,560$1,077$726$480$313$184
34 years$1,497$1,020$678$442$283$163
35 years$1,439$968$634$407$256$145
36 years$1,383$919$593$374$232$129
37 years$1,331$873$555$345$210$114
38 years$1,282$829$520$318$191$102
39 years$1,235$788$487$293$173$90
40 years$1,191$750$457$270$157$80
41 years$1,149$714$428$249$142$71
42 years$1,109$680$402$230$129$63
43 years$1,071$648$377$213$117$56
44 years$1,035$618$354$196$106$50
45 years$1,000$589$332$181$97$45
46 years$968$562$312$167$88$40
47 years$936$536$293$155$80$35
48 years$906$512$275$143$72$31
49 years$878$489$259$132$66$28
50 years$850$467$243$122$60$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $871,000, adding $3,919 every year, while hoping to spend $33,194 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: 41/40/19 Blend
69$871,000$871,000$871,000$871,000
70$963,884$917,721$904,221$997,862
71$1,026,883$927,372$899,194$1,032,056
72$1,095,194$936,382$892,887$1,065,538
73$1,169,325$944,687$885,220$1,101,089
74$1,249,835$952,214$876,113$1,138,915
75$1,337,335$958,890$865,480$1,179,245
76$1,432,500$964,633$853,231$1,222,333
77$1,536,074$969,359$839,273$1,268,459
78$1,648,872$972,975$823,507$1,317,936
79$1,771,793$975,387$805,830$1,371,109
80$1,905,826$976,492$786,136$1,428,361
81$2,052,060$976,179$764,311$1,490,115
82$2,211,693$974,335$740,238$1,556,842
83$2,386,043$970,835$713,793$1,629,062
84$2,576,563$965,549$684,849$1,707,350
85$2,784,851$958,340$653,270$1,792,346
86$3,012,667$949,059$618,916$1,884,754
87$3,261,948$937,553$581,639$1,985,356
88$3,534,829$923,655$541,286$2,095,018
89$3,833,659$907,192$497,697$2,214,696
90$4,161,026$887,977$450,703$2,345,448
91$4,519,778$865,816$400,129$2,488,445
92$4,913,054$840,500$345,792$2,644,983
93$5,344,311$811,809$287,501$2,816,493
94$5,817,354$779,512$225,056$3,004,559
95$6,336,378$743,362$158,250$3,210,931
96$6,906,001$703,098$86,863$3,437,544
97$7,531,309$658,446$10,669$3,686,537
98$8,217,907$609,114$0$3,960,272
99$8,971,967$554,795$0$4,275,684
100$9,800,290$495,163$0$4,624,574