Can I retire at age 70 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$72,339$71,695$71,066$70,453$69,853$69,239
2 years$35,812$35,145$34,498$33,871$33,264$32,645
3 years$23,637$22,967$22,323$21,702$21,104$20,499
4 years$17,551$16,883$16,245$15,635$15,051$14,466
5 years$13,901$13,237$12,607$12,009$11,442$10,877
6 years$11,468$10,809$10,188$9,604$9,054$8,511
7 years$9,730$9,077$8,466$7,896$7,363$6,842
8 years$8,428$7,781$7,180$6,624$6,108$5,609
9 years$7,416$6,775$6,184$5,642$5,144$4,666
10 years$6,606$5,972$5,392$4,863$4,383$3,927
11 years$5,945$5,316$4,747$4,233$3,770$3,334
12 years$5,394$4,771$4,213$3,713$3,267$2,852
13 years$4,928$4,312$3,764$3,278$2,849$2,454
14 years$4,529$3,919$3,382$2,909$2,497$2,122
15 years$4,183$3,581$3,053$2,595$2,199$1,842
16 years$3,881$3,285$2,768$2,323$1,943$1,605
17 years$3,615$3,025$2,519$2,087$1,723$1,403
18 years$3,378$2,796$2,299$1,881$1,532$1,229
19 years$3,167$2,591$2,105$1,700$1,365$1,080
20 years$2,977$2,408$1,932$1,540$1,220$950
21 years$2,806$2,243$1,777$1,397$1,091$837
22 years$2,650$2,093$1,638$1,270$978$739
23 years$2,508$1,958$1,512$1,157$878$653
24 years$2,378$1,834$1,399$1,055$789$578
25 years$2,258$1,722$1,295$964$710$511
26 years$2,148$1,618$1,201$881$640$453
27 years$2,047$1,523$1,116$807$577$402
28 years$1,952$1,435$1,037$739$520$357
29 years$1,865$1,354$965$678$470$317
30 years$1,783$1,278$899$622$425$281
31 years$1,707$1,208$838$571$384$250
32 years$1,636$1,143$782$525$347$222
33 years$1,569$1,083$730$483$314$198
34 years$1,506$1,026$682$444$285$176
35 years$1,447$973$638$409$258$157
36 years$1,391$924$597$377$234$139
37 years$1,339$878$558$347$212$124
38 years$1,289$834$523$320$192$111
39 years$1,242$793$490$295$174$99
40 years$1,198$754$459$272$158$88
41 years$1,155$718$431$251$143$78
42 years$1,115$684$404$232$130$70
43 years$1,077$652$379$214$118$62
44 years$1,041$621$356$197$107$55
45 years$1,006$592$334$182$97$49
46 years$973$565$314$168$88$44
47 years$942$539$295$156$80$39
48 years$912$515$277$144$73$35
49 years$883$492$260$133$66$31
50 years$855$470$245$123$60$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $876,000, adding $3,372 every year, while hoping to spend $51,760 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: 61/30/9 Blend
69$876,000$876,000$876,000$876,000
70$968,830$922,402$908,824$1,025,803
71$1,012,579$912,528$884,198$1,054,494
72$1,059,055$900,435$857,011$1,079,540
73$1,108,482$885,959$827,125$1,105,574
74$1,161,105$868,929$794,391$1,132,692
75$1,217,191$849,161$758,657$1,161,001
76$1,277,035$826,459$719,762$1,190,624
77$1,340,956$800,620$677,538$1,221,697
78$1,409,309$771,425$631,810$1,254,370
79$1,482,477$738,644$582,395$1,288,816
80$1,560,886$702,034$529,101$1,325,223
81$1,644,999$661,336$471,729$1,363,804
82$1,735,326$616,278$410,069$1,404,798
83$1,832,426$566,573$343,903$1,448,469
84$1,936,913$511,915$273,004$1,495,113
85$2,049,462$451,982$197,133$1,545,060
86$2,170,813$386,435$116,043$1,598,679
87$2,301,779$314,914$29,473$1,656,378
88$2,443,255$237,039$0$1,718,614
89$2,596,221$152,408$0$1,791,936
90$2,761,759$60,599$0$1,874,282
91$2,941,055$0$0$1,963,475
92$3,135,412$0$0$2,073,063
93$3,346,267$0$0$2,213,714
94$3,575,197$0$0$2,366,480
95$3,823,938$0$0$2,532,528
96$4,094,398$0$0$2,713,140
97$4,388,678$0$0$2,909,726
98$4,709,090$0$0$3,123,840
99$5,058,175$0$0$3,357,188
100$5,438,734$0$0$3,611,652