Can I retire at age 70 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$72,174$71,531$70,904$70,292$69,694$68,652
2 years$35,730$35,064$34,419$33,794$33,188$32,141
3 years$23,583$22,915$22,272$21,652$21,056$20,036
4 years$17,511$16,845$16,208$15,599$15,017$14,032
5 years$13,869$13,207$12,578$11,982$11,416$10,469
6 years$11,441$10,784$10,165$9,582$9,033$8,125
7 years$9,708$9,057$8,447$7,878$7,346$6,477
8 years$8,409$7,763$7,164$6,608$6,094$5,265
9 years$7,399$6,759$6,170$5,629$5,132$4,341
10 years$6,591$5,958$5,379$4,852$4,373$3,620
11 years$5,931$5,304$4,736$4,223$3,761$3,045
12 years$5,381$4,761$4,203$3,704$3,259$2,580
13 years$4,916$4,302$3,755$3,270$2,842$2,198
14 years$4,518$3,911$3,374$2,903$2,491$1,882
15 years$4,174$3,572$3,046$2,589$2,194$1,618
16 years$3,872$3,278$2,762$2,318$1,939$1,395
17 years$3,607$3,019$2,513$2,083$1,719$1,207
18 years$3,371$2,789$2,294$1,877$1,528$1,046
19 years$3,160$2,585$2,100$1,696$1,362$909
20 years$2,970$2,402$1,927$1,536$1,217$791
21 years$2,799$2,238$1,773$1,394$1,089$689
22 years$2,644$2,089$1,634$1,268$976$601
23 years$2,502$1,953$1,509$1,154$876$525
24 years$2,372$1,830$1,395$1,053$788$459
25 years$2,253$1,718$1,292$962$709$402
26 years$2,144$1,614$1,199$879$638$352
27 years$2,042$1,519$1,113$805$576$308
28 years$1,948$1,432$1,035$737$519$270
29 years$1,861$1,351$963$676$469$237
30 years$1,779$1,275$897$620$424$208
31 years$1,703$1,206$836$570$383$183
32 years$1,632$1,141$780$524$346$161
33 years$1,565$1,080$728$482$314$141
34 years$1,503$1,024$681$443$284$124
35 years$1,444$971$636$408$257$109
36 years$1,388$922$595$376$233$96
37 years$1,336$876$557$346$211$84
38 years$1,286$832$522$319$191$74
39 years$1,239$791$489$294$174$65
40 years$1,195$753$458$271$157$57
41 years$1,153$717$430$250$143$50
42 years$1,113$682$403$231$130$44
43 years$1,075$650$378$213$118$39
44 years$1,038$620$355$197$107$34
45 years$1,004$591$333$182$97$30
46 years$971$564$313$168$88$27
47 years$940$538$294$155$80$23
48 years$910$514$276$143$73$21
49 years$881$490$260$133$66$18
50 years$853$469$244$123$60$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $874,000, adding $4,974 every year, while hoping to spend $30,460 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: 46/30/24 Blend
69$874,000$874,000$874,000$874,000
70$968,279$921,957$908,410$1,005,944
71$1,034,634$934,723$906,432$1,045,723
72$1,106,736$947,095$903,368$1,085,478
73$1,185,140$959,019$899,147$1,128,001
74$1,270,455$970,442$893,699$1,173,568
75$1,363,352$981,304$886,948$1,222,481
76$1,464,568$991,542$878,816$1,275,075
77$1,574,917$1,001,090$869,218$1,331,720
78$1,695,291$1,009,876$858,070$1,392,826
79$1,826,675$1,017,824$845,279$1,458,844
80$1,970,152$1,024,853$830,752$1,530,275
81$2,126,913$1,030,877$814,389$1,607,671
82$2,298,273$1,035,805$796,085$1,691,644
83$2,485,675$1,039,537$775,732$1,782,869
84$2,690,710$1,041,972$753,216$1,882,090
85$2,915,132$1,042,997$728,418$1,990,132
86$3,160,869$1,042,497$701,213$2,107,905
87$3,430,045$1,040,347$671,471$2,236,416
88$3,725,000$1,036,415$639,056$2,376,774
89$4,048,312$1,030,561$603,826$2,530,206
90$4,402,816$1,022,635$565,631$2,698,068
91$4,791,640$1,012,481$524,316$2,881,855
92$5,218,226$999,931$479,719$3,083,221
93$5,686,365$984,808$431,670$3,303,989
94$6,200,235$966,924$379,992$3,546,175
95$6,764,436$946,080$324,499$3,812,001
96$7,384,037$922,066$264,997$4,103,922
97$8,064,620$894,659$201,286$4,424,650
98$8,812,336$863,622$133,154$4,777,175
99$9,633,961$828,706$60,381$5,164,798
100$10,536,958$789,646$0$5,591,164