Can I retire at age 70 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$73,495$72,841$72,202$71,579$70,970$70,671
2 years$36,384$35,706$35,050$34,413$33,795$33,493
3 years$24,015$23,334$22,679$22,049$21,441$21,146
4 years$17,832$17,153$16,505$15,885$15,292$15,005
5 years$14,123$13,448$12,808$12,201$11,625$11,348
6 years$11,651$10,982$10,351$9,757$9,198$8,931
7 years$9,886$9,222$8,602$8,022$7,481$7,224
8 years$8,563$7,905$7,295$6,729$6,206$5,959
9 years$7,534$6,883$6,283$5,732$5,226$4,989
10 years$6,712$6,067$5,478$4,941$4,453$4,226
11 years$6,040$5,401$4,823$4,300$3,830$3,613
12 years$5,480$4,848$4,280$3,772$3,319$3,111
13 years$5,006$4,381$3,824$3,330$2,894$2,696
14 years$4,601$3,982$3,436$2,956$2,537$2,348
15 years$4,250$3,638$3,102$2,636$2,234$2,054
16 years$3,943$3,338$2,812$2,360$1,974$1,803
17 years$3,673$3,074$2,559$2,121$1,750$1,588
18 years$3,432$2,840$2,336$1,911$1,556$1,402
19 years$3,218$2,632$2,139$1,727$1,387$1,241
20 years$3,025$2,446$1,963$1,564$1,239$1,101
21 years$2,851$2,278$1,805$1,420$1,109$978
22 years$2,692$2,127$1,664$1,291$994$870
23 years$2,548$1,989$1,536$1,175$892$775
24 years$2,416$1,864$1,421$1,072$802$692
25 years$2,295$1,749$1,316$979$722$618
26 years$2,183$1,644$1,221$895$650$552
27 years$2,079$1,547$1,133$819$586$494
28 years$1,984$1,458$1,054$751$529$442
29 years$1,895$1,375$980$688$477$396
30 years$1,812$1,299$913$632$431$355
31 years$1,734$1,228$851$580$390$318
32 years$1,662$1,162$794$533$353$286
33 years$1,594$1,100$742$490$319$256
34 years$1,530$1,043$693$451$289$230
35 years$1,470$989$648$415$262$207
36 years$1,414$939$606$383$237$186
37 years$1,360$892$567$352$215$167
38 years$1,310$847$531$325$195$150
39 years$1,262$806$498$300$177$135
40 years$1,217$767$467$276$160$121
41 years$1,174$730$437$255$145$109
42 years$1,133$695$410$235$132$98
43 years$1,094$662$385$217$120$88
44 years$1,057$631$361$201$109$80
45 years$1,022$602$339$185$99$72
46 years$989$574$319$171$90$64
47 years$957$548$299$158$81$58
48 years$926$523$281$146$74$52
49 years$897$499$265$135$67$47
50 years$869$477$249$125$61$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $890,000, adding $2,147 every year, while hoping to spend $57,762 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: 50/42/8 Blend
69$890,000$890,000$890,000$890,000
70$982,995$935,825$922,030$1,030,005
71$1,021,802$920,222$891,459$1,046,714
72$1,062,631$901,918$857,929$1,058,518
73$1,105,628$880,721$821,278$1,069,989
74$1,150,952$856,425$781,340$1,081,108
75$1,198,773$828,815$737,939$1,091,863
76$1,249,280$797,659$690,893$1,102,239
77$1,302,679$762,716$640,010$1,112,227
78$1,359,192$723,730$585,090$1,121,822
79$1,419,065$680,427$525,926$1,131,020
80$1,482,563$632,522$462,298$1,139,825
81$1,549,979$579,710$393,979$1,148,245
82$1,621,631$521,670$320,732$1,156,294
83$1,697,869$458,063$242,308$1,163,995
84$1,779,075$388,531$158,448$1,171,380
85$1,865,666$312,695$68,882$1,178,489
86$1,958,100$230,154$0$1,185,376
87$2,056,881$140,485$0$1,194,386
88$2,162,557$43,243$0$1,209,744
89$2,275,732$0$0$1,225,689
90$2,397,068$0$0$1,271,040
91$2,527,290$0$0$1,341,226
92$2,667,195$0$0$1,416,697
93$2,817,658$0$0$1,497,935
94$2,979,637$0$0$1,585,466
95$3,154,187$0$0$1,679,869
96$3,342,467$0$0$1,781,781
97$3,545,747$0$0$1,891,901
98$3,765,425$0$0$2,010,997
99$4,003,039$0$0$2,139,914
100$4,260,275$0$0$2,279,580