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%13.9%
1 years$74,073$73,414$72,770$72,142$71,528$70,372
2 years$36,670$35,987$35,325$34,683$34,061$32,900
3 years$24,204$23,518$22,858$22,222$21,610$20,479
4 years$17,972$17,288$16,635$16,010$15,412$14,321
5 years$14,234$13,554$12,909$12,297$11,716$10,667
6 years$11,743$11,068$10,432$9,834$9,271$8,265
7 years$9,964$9,295$8,669$8,085$7,539$6,578
8 years$8,630$7,967$7,352$6,782$6,255$5,338
9 years$7,594$6,937$6,333$5,777$5,267$4,394
10 years$6,765$6,115$5,521$4,980$4,488$3,657
11 years$6,087$5,444$4,861$4,334$3,860$3,071
12 years$5,523$4,886$4,314$3,802$3,345$2,596
13 years$5,046$4,415$3,854$3,356$2,917$2,208
14 years$4,637$4,013$3,463$2,979$2,557$1,887
15 years$4,283$3,666$3,126$2,657$2,251$1,618
16 years$3,974$3,364$2,835$2,379$1,990$1,393
17 years$3,701$3,098$2,579$2,138$1,764$1,202
18 years$3,459$2,863$2,355$1,926$1,569$1,040
19 years$3,243$2,653$2,156$1,741$1,398$901
20 years$3,049$2,465$1,978$1,576$1,249$782
21 years$2,873$2,296$1,820$1,431$1,118$680
22 years$2,713$2,144$1,677$1,301$1,002$592
23 years$2,568$2,005$1,548$1,185$899$516
24 years$2,435$1,878$1,432$1,081$808$450
25 years$2,313$1,763$1,326$987$727$393
26 years$2,200$1,657$1,230$902$655$343
27 years$2,096$1,559$1,142$826$591$300
28 years$1,999$1,469$1,062$757$533$263
29 years$1,909$1,386$988$694$481$230
30 years$1,826$1,309$920$637$435$201
31 years$1,748$1,237$858$585$393$176
32 years$1,675$1,171$801$538$356$154
33 years$1,606$1,109$748$494$322$135
34 years$1,542$1,051$698$455$291$119
35 years$1,482$997$653$419$264$104
36 years$1,425$946$611$386$239$91
37 years$1,371$899$572$355$217$80
38 years$1,320$854$535$327$196$70
39 years$1,272$812$502$302$178$61
40 years$1,226$773$470$278$162$54
41 years$1,183$735$441$257$147$47
42 years$1,142$700$414$237$133$42
43 years$1,103$667$388$219$121$36
44 years$1,066$636$364$202$110$32
45 years$1,030$607$342$187$99$28
46 years$997$579$321$172$90$25
47 years$964$552$302$159$82$22
48 years$933$527$284$147$74$19
49 years$904$503$267$136$68$17
50 years$876$481$251$126$61$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $897,000, adding $4,667 every year, while hoping to spend $24,389 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: 54/37/9 Blend
69$897,000$897,000$897,000$897,000
70$993,308$945,767$931,864$1,044,489
71$1,068,676$966,160$937,131$1,100,088
72$1,150,914$986,735$941,758$1,157,505
73$1,240,696$1,007,474$945,697$1,219,413
74$1,338,767$1,028,361$948,897$1,286,244
75$1,445,945$1,049,373$951,308$1,358,471
76$1,563,128$1,070,490$952,875$1,436,617
77$1,691,310$1,091,687$953,539$1,521,257
78$1,831,583$1,112,938$953,241$1,613,026
79$1,985,147$1,134,215$951,917$1,712,621
80$2,153,327$1,155,486$949,502$1,820,813
81$2,337,581$1,176,720$945,924$1,938,450
82$2,539,514$1,197,879$941,113$2,066,466
83$2,760,894$1,218,925$934,990$2,205,892
84$3,003,670$1,239,816$927,477$2,357,863
85$3,269,985$1,260,508$918,488$2,523,630
86$3,562,202$1,280,952$907,936$2,704,573
87$3,882,924$1,301,096$895,729$2,902,210
88$4,235,017$1,320,885$881,771$3,118,218
89$4,621,639$1,340,258$865,960$3,354,443
90$5,046,268$1,359,152$848,191$3,612,921
91$5,512,735$1,377,498$828,354$3,895,894
92$6,025,261$1,395,223$806,331$4,205,835
93$6,588,498$1,412,249$782,003$4,545,471
94$7,207,568$1,428,492$755,243$4,917,806
95$7,888,114$1,443,863$725,919$5,326,151
96$8,636,356$1,458,266$693,891$5,774,157
97$9,459,143$1,471,601$659,015$6,265,848
98$10,364,024$1,483,757$621,141$6,805,660
99$11,359,315$1,494,621$580,109$7,398,481
100$12,454,177$1,504,069$535,754$8,049,701