Can I retire at age 70 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$72,835$72,186$71,553$70,935$70,332$68,940
2 years$36,057$35,385$34,734$34,103$33,491$32,095
3 years$23,799$23,125$22,475$21,850$21,248$19,891
4 years$17,671$16,999$16,356$15,742$15,154$13,847
5 years$13,996$13,327$12,693$12,091$11,520$10,265
6 years$11,546$10,883$10,258$9,670$9,116$7,915
7 years$9,797$9,139$8,524$7,950$7,413$6,268
8 years$8,486$7,834$7,229$6,669$6,150$5,059
9 years$7,467$6,821$6,227$5,680$5,179$4,142
10 years$6,652$6,012$5,429$4,897$4,413$3,429
11 years$5,985$5,353$4,779$4,262$3,795$2,863
12 years$5,431$4,804$4,241$3,738$3,289$2,407
13 years$4,961$4,342$3,789$3,300$2,868$2,034
14 years$4,560$3,946$3,405$2,929$2,514$1,728
15 years$4,212$3,605$3,074$2,613$2,214$1,473
16 years$3,908$3,308$2,787$2,339$1,956$1,260
17 years$3,640$3,046$2,536$2,102$1,735$1,080
18 years$3,402$2,815$2,315$1,894$1,542$928
19 years$3,189$2,609$2,119$1,711$1,375$799
20 years$2,998$2,424$1,945$1,550$1,228$689
21 years$2,825$2,258$1,789$1,407$1,099$595
22 years$2,668$2,108$1,649$1,279$985$514
23 years$2,525$1,971$1,523$1,165$884$445
24 years$2,394$1,847$1,408$1,062$795$386
25 years$2,274$1,733$1,304$970$715$334
26 years$2,163$1,629$1,210$887$644$290
27 years$2,061$1,533$1,123$812$581$252
28 years$1,966$1,445$1,044$744$524$219
29 years$1,878$1,363$972$682$473$190
30 years$1,795$1,287$905$626$428$165
31 years$1,719$1,217$844$575$387$143
32 years$1,647$1,151$787$529$350$125
33 years$1,580$1,090$735$486$316$108
34 years$1,516$1,033$687$447$287$94
35 years$1,457$980$642$412$260$82
36 years$1,401$930$601$379$235$71
37 years$1,348$884$562$349$213$62
38 years$1,298$840$526$322$193$54
39 years$1,251$798$493$297$175$47
40 years$1,206$760$462$274$159$41
41 years$1,163$723$434$253$144$36
42 years$1,123$689$407$233$131$31
43 years$1,085$656$382$215$119$27
44 years$1,048$625$358$199$108$24
45 years$1,013$596$336$184$98$21
46 years$980$569$316$170$89$18
47 years$948$543$297$157$81$16
48 years$918$518$279$145$73$14
49 years$889$495$262$134$67$12
50 years$861$473$246$124$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $882,000, adding $3,704 every year, while hoping to spend $33,466 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: 50/26/24 Blend
69$882,000$882,000$882,000$882,000
70$975,785$929,039$915,368$1,017,817
71$1,039,707$938,954$910,425$1,057,347
72$1,109,028$948,234$904,195$1,096,609
73$1,184,263$956,811$896,599$1,138,601
74$1,265,978$964,615$887,556$1,183,597
75$1,354,797$971,571$876,978$1,231,899
76$1,451,406$977,597$864,777$1,283,838
77$1,556,559$982,609$850,857$1,339,786
78$1,671,087$986,516$835,119$1,400,150
79$1,795,903$989,220$817,461$1,465,381
80$1,932,013$990,620$797,773$1,535,979
81$2,080,523$990,605$775,944$1,612,496
82$2,242,652$989,060$751,853$1,695,542
83$2,419,741$985,862$725,378$1,785,792
84$2,613,264$980,880$696,389$1,883,991
85$2,824,849$973,974$664,750$1,990,964
86$3,056,284$965,000$630,319$2,107,621
87$3,309,539$953,799$592,949$2,234,968
88$3,586,784$940,207$552,485$2,374,119
89$3,890,408$924,049$508,765$2,526,301
90$4,223,041$905,138$461,620$2,692,871
91$4,587,581$883,280$410,873$2,875,328
92$4,987,218$858,264$356,341$3,075,329
93$5,425,467$829,872$297,831$3,294,702
94$5,906,198$797,869$235,142$3,535,466
95$6,433,674$762,009$168,064$3,799,852
96$7,012,592$722,031$96,377$4,090,320
97$7,648,125$677,658$19,854$4,409,590
98$8,345,969$628,599$0$4,760,663
99$9,112,402$574,545$0$5,162,678
100$9,954,339$515,169$0$5,609,920