Can I retire at age 70 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$73,991$73,332$72,689$72,061$71,448$70,381
2 years$36,629$35,947$35,286$34,645$34,023$32,950
3 years$24,177$23,492$22,832$22,197$21,586$20,540
4 years$17,952$17,269$16,616$15,992$15,395$14,385
5 years$14,218$13,539$12,895$12,283$11,703$10,732
6 years$11,729$11,056$10,421$9,823$9,260$8,329
7 years$9,953$9,285$8,660$8,076$7,531$6,640
8 years$8,621$7,959$7,344$6,775$6,248$5,397
9 years$7,585$6,929$6,326$5,771$5,261$4,451
10 years$6,757$6,108$5,515$4,974$4,483$3,711
11 years$6,080$5,437$4,855$4,329$3,856$3,122
12 years$5,517$4,880$4,309$3,797$3,341$2,645
13 years$5,040$4,410$3,850$3,352$2,914$2,254
14 years$4,632$4,009$3,459$2,976$2,554$1,930
15 years$4,279$3,662$3,123$2,654$2,249$1,658
16 years$3,970$3,360$2,831$2,376$1,987$1,430
17 years$3,697$3,094$2,576$2,135$1,762$1,237
18 years$3,456$2,859$2,352$1,924$1,567$1,072
19 years$3,239$2,650$2,153$1,739$1,397$931
20 years$3,045$2,463$1,976$1,575$1,247$810
21 years$2,870$2,294$1,818$1,429$1,116$706
22 years$2,710$2,141$1,675$1,299$1,001$616
23 years$2,565$2,003$1,547$1,183$898$538
24 years$2,432$1,876$1,430$1,079$807$471
25 years$2,310$1,761$1,325$986$726$412
26 years$2,197$1,655$1,229$901$654$361
27 years$2,093$1,557$1,141$825$590$316
28 years$1,997$1,468$1,061$756$532$277
29 years$1,907$1,384$987$693$481$243
30 years$1,824$1,308$919$636$434$213
31 years$1,746$1,236$857$584$393$187
32 years$1,673$1,170$800$537$355$165
33 years$1,605$1,108$747$494$321$145
34 years$1,540$1,050$698$454$291$127
35 years$1,480$996$652$418$264$112
36 years$1,423$945$610$385$239$98
37 years$1,369$898$571$355$216$86
38 years$1,319$853$535$327$196$76
39 years$1,271$811$501$302$178$67
40 years$1,225$772$470$278$161$59
41 years$1,182$735$440$257$146$52
42 years$1,141$700$413$237$133$45
43 years$1,102$667$388$219$121$40
44 years$1,065$635$364$202$109$35
45 years$1,029$606$342$186$99$31
46 years$995$578$321$172$90$27
47 years$963$552$301$159$82$24
48 years$932$527$283$147$74$21
49 years$903$503$266$136$68$19
50 years$875$480$250$126$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $896,000, adding $5,131 every year, while hoping to spend $38,194 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: 28/43/29 Blend
69$896,000$896,000$896,000$896,000
70$992,685$945,197$931,309$1,011,466
71$1,053,300$950,873$921,869$1,032,626
72$1,118,819$955,548$910,834$1,051,720
73$1,189,700$959,131$898,108$1,071,471
74$1,266,448$961,528$883,594$1,091,965
75$1,349,620$962,637$867,189$1,113,295
76$1,439,827$962,351$848,785$1,135,571
77$1,537,740$960,557$828,270$1,158,913
78$1,644,098$957,133$805,525$1,183,461
79$1,759,714$951,950$780,428$1,209,370
80$1,885,482$944,873$752,850$1,236,817
81$2,022,386$935,757$722,656$1,265,999
82$2,171,509$924,449$689,704$1,297,139
83$2,334,042$910,786$653,848$1,330,488
84$2,511,296$894,596$614,934$1,366,325
85$2,704,715$875,698$572,800$1,404,968
86$2,915,885$853,897$527,279$1,446,767
87$3,146,557$828,989$478,195$1,492,117
88$3,398,655$800,759$425,363$1,541,461
89$3,674,298$768,976$368,593$1,595,291
90$3,975,819$733,399$307,684$1,654,158
91$4,305,789$693,771$242,426$1,718,677
92$4,667,034$649,821$172,603$1,789,532
93$5,062,671$601,262$97,985$1,867,488
94$5,496,131$547,791$18,335$1,953,395
95$5,971,191$489,087$0$2,048,200
96$6,492,013$424,813$0$2,173,586
97$7,063,179$354,609$0$2,317,490
98$7,689,737$278,099$0$2,475,620
99$8,377,246$194,882$0$2,649,510
100$9,131,831$104,537$0$2,840,860