Can I retire at age 70 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$74,073$73,414$72,770$72,142$71,528$71,018
2 years$36,670$35,987$35,325$34,683$34,061$33,546
3 years$24,204$23,518$22,858$22,222$21,610$21,107
4 years$17,972$17,288$16,635$16,010$15,412$14,925
5 years$14,234$13,554$12,909$12,297$11,716$11,246
6 years$11,743$11,068$10,432$9,834$9,271$8,818
7 years$9,964$9,295$8,669$8,085$7,539$7,104
8 years$8,630$7,967$7,352$6,782$6,255$5,837
9 years$7,594$6,937$6,333$5,777$5,267$4,868
10 years$6,765$6,115$5,521$4,980$4,488$4,106
11 years$6,087$5,444$4,861$4,334$3,860$3,495
12 years$5,523$4,886$4,314$3,802$3,345$2,997
13 years$5,046$4,415$3,854$3,356$2,917$2,585
14 years$4,637$4,013$3,463$2,979$2,557$2,241
15 years$4,283$3,666$3,126$2,657$2,251$1,952
16 years$3,974$3,364$2,835$2,379$1,990$1,705
17 years$3,701$3,098$2,579$2,138$1,764$1,494
18 years$3,459$2,863$2,355$1,926$1,569$1,313
19 years$3,243$2,653$2,156$1,741$1,398$1,156
20 years$3,049$2,465$1,978$1,576$1,249$1,020
21 years$2,873$2,296$1,820$1,431$1,118$902
22 years$2,713$2,144$1,677$1,301$1,002$798
23 years$2,568$2,005$1,548$1,185$899$708
24 years$2,435$1,878$1,432$1,081$808$628
25 years$2,313$1,763$1,326$987$727$558
26 years$2,200$1,657$1,230$902$655$496
27 years$2,096$1,559$1,142$826$591$441
28 years$1,999$1,469$1,062$757$533$393
29 years$1,909$1,386$988$694$481$350
30 years$1,826$1,309$920$637$435$312
31 years$1,748$1,237$858$585$393$278
32 years$1,675$1,171$801$538$356$248
33 years$1,606$1,109$748$494$322$221
34 years$1,542$1,051$698$455$291$198
35 years$1,482$997$653$419$264$177
36 years$1,425$946$611$386$239$158
37 years$1,371$899$572$355$217$141
38 years$1,320$854$535$327$196$126
39 years$1,272$812$502$302$178$113
40 years$1,226$773$470$278$162$101
41 years$1,183$735$441$257$147$90
42 years$1,142$700$414$237$133$80
43 years$1,103$667$388$219$121$72
44 years$1,066$636$364$202$110$64
45 years$1,030$607$342$187$99$58
46 years$997$579$321$172$90$51
47 years$964$552$302$159$82$46
48 years$933$527$284$147$74$41
49 years$904$503$267$136$68$37
50 years$876$481$251$126$61$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $897,000, adding $2,443 every year, while hoping to spend $46,953 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: 27/49/24 Blend
69$897,000$897,000$897,000$897,000
70$991,014$943,473$929,569$1,010,241
71$1,042,140$939,746$910,752$1,021,997
72$1,096,907$934,262$889,731$1,030,353
73$1,155,637$926,886$866,383$1,038,342
74$1,218,683$917,475$840,578$1,045,962
75$1,286,432$905,875$812,181$1,053,217
76$1,359,311$891,925$781,052$1,060,116
77$1,437,785$875,454$747,042$1,066,673
78$1,522,369$856,281$709,997$1,072,909
79$1,613,625$834,213$669,756$1,078,853
80$1,712,172$809,046$626,150$1,084,543
81$1,818,690$780,567$579,003$1,090,028
82$1,933,928$748,546$528,131$1,095,366
83$2,058,706$712,742$473,341$1,100,630
84$2,193,928$672,901$414,432$1,105,910
85$2,340,588$628,752$351,195$1,111,309
86$2,499,778$580,011$283,410$1,116,953
87$2,672,700$526,376$210,848$1,122,986
88$2,860,674$467,527$133,271$1,129,579
89$3,065,156$403,129$50,429$1,136,930
90$3,287,745$332,826$0$1,145,268
91$3,530,202$256,241$0$1,164,581
92$3,794,462$172,976$0$1,199,859
93$4,082,659$82,614$0$1,238,593
94$4,397,139$0$0$1,281,253
95$4,740,484$0$0$1,336,611
96$5,115,538$0$0$1,445,877
97$5,525,430$0$0$1,565,436
98$5,973,606$0$0$1,696,311
99$6,463,861$0$0$1,839,627
100$7,000,372$0$0$1,996,626