Can I retire at age 70 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$73,330$72,677$72,040$71,418$70,810$70,071
2 years$36,302$35,626$34,971$34,335$33,719$32,975
3 years$23,961$23,282$22,628$21,999$21,393$20,666
4 years$17,792$17,115$16,468$15,849$15,258$14,554
5 years$14,091$13,418$12,780$12,174$11,599$10,921
6 years$11,625$10,957$10,328$9,735$9,178$8,526
7 years$9,864$9,202$8,582$8,004$7,464$6,839
8 years$8,544$7,887$7,279$6,714$6,192$5,594
9 years$7,517$6,867$6,269$5,719$5,215$4,643
10 years$6,697$6,053$5,466$4,930$4,443$3,897
11 years$6,026$5,389$4,812$4,291$3,821$3,301
12 years$5,467$4,837$4,270$3,763$3,311$2,816
13 years$4,995$4,371$3,815$3,322$2,888$2,417
14 years$4,591$3,973$3,428$2,949$2,531$2,085
15 years$4,240$3,630$3,095$2,630$2,229$1,805
16 years$3,934$3,330$2,806$2,355$1,970$1,569
17 years$3,664$3,067$2,553$2,116$1,746$1,367
18 years$3,425$2,834$2,331$1,907$1,553$1,195
19 years$3,211$2,626$2,134$1,723$1,384$1,046
20 years$3,018$2,441$1,958$1,561$1,236$918
21 years$2,844$2,273$1,801$1,416$1,106$806
22 years$2,686$2,122$1,660$1,288$992$709
23 years$2,542$1,985$1,533$1,173$890$625
24 years$2,410$1,860$1,418$1,070$800$551
25 years$2,289$1,745$1,313$977$720$487
26 years$2,178$1,640$1,218$893$649$430
27 years$2,075$1,544$1,131$818$585$380
28 years$1,979$1,454$1,051$749$528$336
29 years$1,890$1,372$978$687$476$298
30 years$1,808$1,296$911$630$430$263
31 years$1,730$1,225$850$579$389$233
32 years$1,658$1,159$793$532$352$207
33 years$1,590$1,098$740$489$319$183
34 years$1,527$1,040$691$450$288$163
35 years$1,467$987$646$414$261$144
36 years$1,410$937$605$382$237$128
37 years$1,357$890$566$352$215$114
38 years$1,307$845$530$324$195$101
39 years$1,259$804$497$299$176$90
40 years$1,214$765$465$276$160$79
41 years$1,171$728$436$254$145$71
42 years$1,131$693$409$235$132$63
43 years$1,092$661$384$217$120$56
44 years$1,055$630$361$200$108$49
45 years$1,020$600$339$185$98$44
46 years$987$573$318$171$89$39
47 years$955$547$299$158$81$35
48 years$924$522$281$146$74$31
49 years$895$498$264$135$67$27
50 years$867$476$248$124$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $888,000, adding $6,435 every year, while hoping to spend $44,381 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: 57/30/13 Blend
69$888,000$888,000$888,000$888,000
70$985,214$938,150$924,386$1,037,771
71$1,038,484$936,898$908,132$1,072,813
72$1,095,701$934,097$889,845$1,105,530
73$1,157,220$929,625$869,412$1,140,138
74$1,223,431$923,352$846,712$1,176,825
75$1,294,763$915,138$821,619$1,215,802
76$1,371,687$904,838$794,002$1,257,299
77$1,454,720$892,296$763,722$1,301,574
78$1,544,431$877,348$730,636$1,348,914
79$1,641,444$859,819$694,594$1,399,636
80$1,746,447$839,525$655,437$1,454,092
81$1,860,193$816,271$613,003$1,512,673
82$1,983,513$789,848$567,119$1,575,812
83$2,117,319$760,039$517,606$1,643,989
84$2,262,616$726,611$464,275$1,717,737
85$2,420,506$689,318$406,932$1,797,646
86$2,592,206$647,903$345,372$1,884,370
87$2,779,050$602,089$279,381$1,978,633
88$2,982,508$551,587$208,736$2,081,238
89$3,204,200$496,091$133,205$2,193,073
90$3,445,905$435,275$52,543$2,315,122
91$3,709,582$368,799$0$2,448,475
92$3,997,388$296,299$0$2,598,987
93$4,311,698$217,393$0$2,771,423
94$4,655,124$131,679$0$2,960,000
95$5,030,544$38,728$0$3,166,392
96$5,441,126$0$0$3,392,446
97$5,890,357$0$0$3,660,640
98$6,382,079$0$0$3,968,271
99$6,920,519$0$0$4,305,209
100$7,510,336$0$0$4,674,378