Can I retire at age 70 with 871,000?

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 $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%14%
1 years$71,926$71,286$70,661$70,051$69,455$68,304
2 years$35,607$34,944$34,301$33,678$33,074$31,918
3 years$23,502$22,836$22,195$21,578$20,983$19,858
4 years$17,451$16,787$16,152$15,546$14,965$13,880
5 years$13,821$13,161$12,535$11,941$11,377$10,333
6 years$11,402$10,747$10,130$9,549$9,002$8,002
7 years$9,675$9,025$8,418$7,851$7,321$6,365
8 years$8,380$7,736$7,139$6,586$6,073$5,162
9 years$7,374$6,736$6,149$5,610$5,115$4,246
10 years$6,569$5,937$5,361$4,836$4,358$3,532
11 years$5,911$5,286$4,720$4,208$3,748$2,964
12 years$5,363$4,744$4,189$3,691$3,248$2,505
13 years$4,900$4,287$3,742$3,259$2,832$2,129
14 years$4,503$3,897$3,362$2,893$2,483$1,818
15 years$4,159$3,560$3,036$2,580$2,186$1,558
16 years$3,859$3,266$2,752$2,310$1,932$1,340
17 years$3,594$3,008$2,505$2,076$1,713$1,155
18 years$3,359$2,780$2,286$1,870$1,523$999
19 years$3,149$2,576$2,093$1,690$1,358$865
20 years$2,960$2,394$1,921$1,531$1,213$750
21 years$2,790$2,230$1,767$1,389$1,085$652
22 years$2,635$2,081$1,628$1,263$973$567
23 years$2,494$1,947$1,504$1,150$873$494
24 years$2,364$1,824$1,391$1,049$785$431
25 years$2,246$1,712$1,288$958$706$376
26 years$2,136$1,609$1,194$876$636$328
27 years$2,035$1,514$1,109$802$574$286
28 years$1,941$1,427$1,031$735$518$250
29 years$1,854$1,346$960$674$467$219
30 years$1,773$1,271$894$618$422$191
31 years$1,697$1,202$833$568$382$168
32 years$1,626$1,137$777$522$345$147
33 years$1,560$1,077$726$480$313$128
34 years$1,497$1,020$678$442$283$112
35 years$1,439$968$634$407$256$98
36 years$1,383$919$593$374$232$86
37 years$1,331$873$555$345$210$76
38 years$1,282$829$520$318$191$66
39 years$1,235$788$487$293$173$58
40 years$1,191$750$457$270$157$51
41 years$1,149$714$428$249$142$45
42 years$1,109$680$402$230$129$39
43 years$1,071$648$377$213$117$34
44 years$1,035$618$354$196$106$30
45 years$1,000$589$332$181$97$26
46 years$968$562$312$167$88$23
47 years$936$536$293$155$80$20
48 years$906$512$275$143$72$18
49 years$878$489$259$132$66$16
50 years$850$467$243$122$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $871,000, adding $6,981 every year, while hoping to spend $59,249 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: 49/26/25 Blend
69$871,000$871,000$871,000$871,000
70$967,043$920,880$907,379$1,007,277
71$1,002,641$902,963$874,736$1,018,172
72$1,039,884$882,181$839,014$1,023,526
73$1,078,877$858,334$800,046$1,028,155
74$1,119,736$831,205$757,660$1,032,017
75$1,162,582$800,567$711,675$1,035,070
76$1,207,550$766,180$661,901$1,037,273
77$1,254,787$727,789$608,141$1,038,584
78$1,304,449$685,125$550,188$1,038,961
79$1,356,710$637,903$487,826$1,038,364
80$1,411,757$585,822$420,831$1,036,755
81$1,469,793$528,565$348,965$1,034,095
82$1,531,041$465,793$271,985$1,030,350
83$1,595,743$397,153$189,632$1,025,488
84$1,664,163$322,269$101,640$1,019,479
85$1,736,591$240,743$7,728$1,012,300
86$1,813,341$152,157$0$1,003,931
87$1,894,757$56,068$0$1,019,031
88$1,981,216$0$0$1,036,725
89$2,073,130$0$0$1,068,768
90$2,170,948$0$0$1,119,991
91$2,275,164$0$0$1,174,619
92$2,386,317$0$0$1,232,941
93$2,505,000$0$0$1,295,275
94$2,631,859$0$0$1,361,970
95$2,767,606$0$0$1,433,406
96$2,913,018$0$0$1,510,003
97$3,068,951$0$0$1,592,220
98$3,236,342$0$0$1,680,561
99$3,416,218$0$0$1,775,580
100$3,609,709$0$0$1,877,885