Can I retire at age 70 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$72,917$72,268$71,634$71,016$70,412$69,503
2 years$36,098$35,425$34,774$34,142$33,529$32,615
3 years$23,826$23,151$22,501$21,875$21,272$20,381
4 years$17,691$17,018$16,375$15,760$15,172$14,310
5 years$14,012$13,343$12,708$12,105$11,533$10,704
6 years$11,559$10,895$10,270$9,681$9,126$8,330
7 years$9,808$9,150$8,534$7,959$7,422$6,659
8 years$8,496$7,843$7,238$6,677$6,157$5,428
9 years$7,475$6,829$6,234$5,687$5,185$4,489
10 years$6,659$6,019$5,435$4,902$4,418$3,755
11 years$5,992$5,359$4,785$4,266$3,800$3,169
12 years$5,437$4,810$4,246$3,742$3,293$2,693
13 years$4,967$4,346$3,794$3,304$2,871$2,302
14 years$4,565$3,951$3,409$2,933$2,517$1,978
15 years$4,216$3,609$3,078$2,615$2,216$1,706
16 years$3,912$3,311$2,790$2,342$1,959$1,476
17 years$3,644$3,050$2,539$2,104$1,737$1,281
18 years$3,405$2,818$2,318$1,896$1,544$1,115
19 years$3,192$2,612$2,122$1,713$1,376$972
20 years$3,001$2,427$1,947$1,552$1,229$849
21 years$2,828$2,261$1,791$1,408$1,100$742
22 years$2,671$2,110$1,651$1,281$986$650
23 years$2,528$1,974$1,524$1,166$885$570
24 years$2,397$1,849$1,410$1,064$796$501
25 years$2,277$1,735$1,306$971$716$440
26 years$2,166$1,631$1,211$888$645$387
27 years$2,063$1,535$1,124$813$581$340
28 years$1,968$1,446$1,045$745$525$299
29 years$1,880$1,364$973$683$474$264
30 years$1,797$1,289$906$627$428$232
31 years$1,721$1,218$845$576$387$205
32 years$1,649$1,153$788$529$350$181
33 years$1,581$1,092$736$487$317$159
34 years$1,518$1,034$688$448$287$141
35 years$1,459$981$643$412$260$124
36 years$1,402$931$601$380$235$110
37 years$1,349$885$563$350$213$97
38 years$1,299$841$527$322$193$85
39 years$1,252$799$494$297$175$75
40 years$1,207$761$463$274$159$67
41 years$1,165$724$434$253$144$59
42 years$1,124$689$407$233$131$52
43 years$1,086$657$382$215$119$46
44 years$1,049$626$359$199$108$41
45 years$1,014$597$337$184$98$36
46 years$981$570$316$170$89$32
47 years$949$544$297$157$81$28
48 years$919$519$279$145$73$25
49 years$890$496$262$134$67$22
50 years$862$473$247$124$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $883,000, adding $3,678 every year, while hoping to spend $43,732 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: 41/29/30 Blend
69$883,000$883,000$883,000$883,000
70$976,860$930,061$916,374$1,008,170
71$1,029,969$929,103$900,542$1,030,291
72$1,087,030$926,633$882,714$1,049,890
73$1,148,399$922,530$862,777$1,070,288
74$1,214,468$916,666$840,613$1,091,586
75$1,285,667$908,907$816,097$1,113,900
76$1,362,470$899,108$789,101$1,137,360
77$1,445,394$887,117$759,488$1,162,111
78$1,535,012$872,773$727,119$1,188,319
79$1,631,950$855,905$691,843$1,216,169
80$1,736,896$836,333$653,508$1,245,870
81$1,850,610$813,863$611,951$1,277,656
82$1,973,924$788,294$567,003$1,311,789
83$2,107,754$759,410$518,487$1,348,564
84$2,253,108$726,985$466,220$1,388,308
85$2,411,095$690,777$410,008$1,431,392
86$2,582,934$650,532$349,650$1,478,225
87$2,769,966$605,981$284,937$1,529,267
88$2,973,669$556,840$215,648$1,585,030
89$3,195,665$502,808$141,555$1,646,087
90$3,437,744$443,566$62,418$1,713,074
91$3,701,873$378,780$0$1,786,701
92$3,990,217$308,093$0$1,874,812
93$4,305,162$231,132$0$1,993,012
94$4,649,330$147,500$0$2,122,365
95$5,025,613$56,779$0$2,264,049
96$5,437,192$0$0$2,419,366
97$5,887,568$0$0$2,602,992
98$6,380,601$0$0$2,823,954
99$6,920,536$0$0$3,066,051
100$7,512,052$0$0$3,331,395