Can I retire at age 70 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$73,661$73,004$72,364$71,739$71,129$68,963
2 years$36,466$35,786$35,128$34,490$33,871$31,707
3 years$24,069$23,387$22,730$22,098$21,489$19,395
4 years$17,872$17,192$16,542$15,920$15,326$13,319
5 years$14,154$13,479$12,837$12,228$11,651$9,735
6 years$11,677$11,006$10,374$9,779$9,219$7,397
7 years$9,908$9,243$8,621$8,040$7,497$5,768
8 years$8,582$7,923$7,311$6,745$6,220$4,583
9 years$7,551$6,898$6,297$5,745$5,238$3,692
10 years$6,727$6,081$5,490$4,952$4,463$3,005
11 years$6,053$5,413$4,833$4,310$3,838$2,466
12 years$5,492$4,859$4,290$3,780$3,326$2,037
13 years$5,018$4,391$3,832$3,337$2,901$1,691
14 years$4,611$3,991$3,443$2,963$2,543$1,410
15 years$4,259$3,646$3,109$2,642$2,239$1,179
16 years$3,952$3,345$2,819$2,366$1,979$989
17 years$3,681$3,081$2,565$2,126$1,754$832
18 years$3,440$2,847$2,341$1,916$1,560$701
19 years$3,225$2,638$2,143$1,731$1,390$591
20 years$3,032$2,452$1,967$1,568$1,242$499
21 years$2,857$2,284$1,809$1,423$1,111$422
22 years$2,698$2,132$1,668$1,294$996$358
23 years$2,554$1,994$1,540$1,178$894$303
24 years$2,421$1,868$1,424$1,075$804$257
25 years$2,300$1,753$1,319$981$723$218
26 years$2,188$1,648$1,223$897$651$185
27 years$2,084$1,551$1,136$821$587$157
28 years$1,988$1,461$1,056$752$530$133
29 years$1,899$1,378$983$690$479$113
30 years$1,816$1,302$915$633$432$96
31 years$1,738$1,231$853$582$391$82
32 years$1,666$1,164$796$535$354$70
33 years$1,597$1,103$743$492$320$59
34 years$1,534$1,045$695$452$290$50
35 years$1,473$991$649$416$262$43
36 years$1,417$941$607$383$238$36
37 years$1,363$894$569$353$216$31
38 years$1,313$849$532$326$195$26
39 years$1,265$807$499$300$177$22
40 years$1,220$768$468$277$161$19
41 years$1,176$731$438$255$146$16
42 years$1,136$696$411$236$132$14
43 years$1,097$664$386$218$120$12
44 years$1,060$633$362$201$109$10
45 years$1,025$603$340$186$99$9
46 years$991$575$319$171$90$7
47 years$959$549$300$158$82$6
48 years$928$524$282$146$74$5
49 years$899$501$265$135$67$4
50 years$871$478$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $892,000, adding $6,523 every year, while hoping to spend $59,942 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: 65/25/10 Blend
69$892,000$892,000$892,000$892,000
70$989,712$942,436$928,610$1,051,506
71$1,026,885$924,838$895,941$1,075,916
72$1,065,841$904,368$860,168$1,094,919
73$1,106,697$880,823$821,125$1,114,144
74$1,149,584$853,987$778,636$1,133,610
75$1,194,640$823,631$732,519$1,153,337
76$1,242,017$789,513$682,582$1,173,351
77$1,291,881$751,377$628,627$1,193,683
78$1,344,411$708,953$570,444$1,214,370
79$1,399,803$661,953$507,816$1,235,453
80$1,458,270$610,076$440,515$1,256,984
81$1,520,046$553,002$368,304$1,279,020
82$1,585,382$490,391$290,934$1,301,629
83$1,654,557$421,886$208,146$1,324,889
84$1,727,874$347,110$119,671$1,348,891
85$1,805,661$265,663$25,224$1,373,736
86$1,888,282$177,124$0$1,399,543
87$1,976,131$81,047$0$1,434,511
88$2,069,641$0$0$1,474,125
89$2,169,286$0$0$1,522,238
90$2,275,583$0$0$1,597,383
91$2,389,100$0$0$1,677,668
92$2,510,461$0$0$1,763,539
93$2,640,348$0$0$1,855,484
94$2,779,508$0$0$1,954,036
95$2,928,762$0$0$2,059,784
96$3,089,012$0$0$2,173,371
97$3,261,244$0$0$2,295,504
98$3,446,545$0$0$2,426,958
99$3,646,105$0$0$2,568,586
100$3,861,233$0$0$2,721,324