Can I retire at age 70 with 887,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$73,248$72,595$71,959$71,337$70,731$68,330
2 years$36,261$35,586$34,931$34,297$33,681$31,287
3 years$23,934$23,256$22,603$21,974$21,369$19,055
4 years$17,772$17,095$16,449$15,831$15,240$13,026
5 years$14,075$13,403$12,765$12,160$11,585$9,476
6 years$11,612$10,945$10,316$9,724$9,167$7,164
7 years$9,853$9,191$8,573$7,995$7,455$5,559
8 years$8,534$7,879$7,270$6,707$6,185$4,393
9 years$7,509$6,860$6,262$5,713$5,209$3,519
10 years$6,689$6,047$5,459$4,924$4,438$2,848
11 years$6,019$5,383$4,806$4,286$3,817$2,324
12 years$5,461$4,831$4,265$3,759$3,308$1,908
13 years$4,990$4,366$3,811$3,319$2,884$1,574
14 years$4,585$3,969$3,424$2,946$2,528$1,304
15 years$4,236$3,625$3,092$2,627$2,226$1,084
16 years$3,930$3,326$2,803$2,352$1,967$904
17 years$3,660$3,063$2,551$2,114$1,745$755
18 years$3,421$2,831$2,328$1,905$1,551$632
19 years$3,207$2,623$2,131$1,721$1,383$529
20 years$3,015$2,438$1,956$1,559$1,235$444
21 years$2,841$2,271$1,799$1,415$1,105$373
22 years$2,683$2,120$1,658$1,286$991$314
23 years$2,539$1,983$1,531$1,172$889$264
24 years$2,408$1,857$1,416$1,068$799$222
25 years$2,287$1,743$1,312$976$719$187
26 years$2,175$1,638$1,216$892$648$158
27 years$2,072$1,542$1,130$817$584$133
28 years$1,977$1,453$1,050$748$527$112
29 years$1,888$1,371$977$686$476$95
30 years$1,806$1,294$910$630$430$80
31 years$1,728$1,224$849$578$389$67
32 years$1,656$1,158$792$532$352$57
33 years$1,588$1,096$739$489$318$48
34 years$1,525$1,039$691$450$288$40
35 years$1,465$986$646$414$261$34
36 years$1,409$936$604$381$236$29
37 years$1,356$889$565$351$214$24
38 years$1,305$844$529$324$194$21
39 years$1,258$803$496$299$176$17
40 years$1,213$764$465$275$160$15
41 years$1,170$727$436$254$145$12
42 years$1,129$693$409$234$132$10
43 years$1,091$660$384$216$119$9
44 years$1,054$629$360$200$108$7
45 years$1,019$600$338$185$98$6
46 years$985$572$318$170$89$5
47 years$954$546$298$158$81$4
48 years$923$521$280$146$74$4
49 years$894$498$264$135$67$3
50 years$866$476$248$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $887,000, adding $2,487 every year, while hoping to spend $38,748 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: 71/11/18 Blend
69$887,000$887,000$887,000$887,000
70$980,039$933,028$919,280$1,045,263
71$1,038,776$937,519$908,848$1,093,469
72$1,102,205$940,931$896,768$1,141,352
73$1,170,764$943,171$882,944$1,192,793
74$1,244,934$944,139$867,275$1,248,138
75$1,325,244$943,729$849,656$1,307,769
76$1,412,276$941,829$829,977$1,372,108
77$1,506,669$938,319$808,121$1,441,619
78$1,609,125$933,072$783,969$1,516,815
79$1,720,419$925,955$757,395$1,598,264
80$1,841,399$916,825$728,266$1,686,589
81$1,973,004$905,531$696,444$1,782,480
82$2,116,260$891,913$661,785$1,886,696
83$2,272,303$875,800$624,139$2,000,077
84$2,442,377$857,014$583,347$2,123,549
85$2,627,856$835,364$539,246$2,258,131
86$2,830,249$810,648$491,662$2,404,952
87$3,051,217$782,653$440,416$2,565,252
88$3,292,592$751,153$385,320$2,740,402
89$3,556,386$715,910$326,178$2,931,916
90$3,844,818$676,670$262,785$3,141,460
91$4,160,329$633,166$194,928$3,370,875
92$4,505,607$585,116$122,383$3,622,190
93$4,883,612$532,220$44,916$3,897,643
94$5,297,605$474,163$0$4,199,704
95$5,751,175$410,611$0$4,538,346
96$6,248,275$341,212$0$4,919,000
97$6,793,259$265,592$0$5,336,393
98$7,390,924$183,357$0$5,794,231
99$8,046,549$94,093$0$6,296,599
100$8,765,954$0$0$6,847,997