Can I retire at age 70 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$74,156$73,495$72,851$72,222$71,608$70,654
2 years$36,711$36,027$35,365$34,722$34,099$33,140
3 years$24,231$23,544$22,883$22,247$21,634$20,699
4 years$17,992$17,307$16,653$16,028$15,429$14,526
5 years$14,250$13,569$12,924$12,311$11,729$10,860
6 years$11,756$11,080$10,444$9,845$9,281$8,447
7 years$9,975$9,305$8,679$8,094$7,548$6,749
8 years$8,640$7,976$7,361$6,790$6,262$5,498
9 years$7,602$6,945$6,340$5,784$5,273$4,545
10 years$6,772$6,122$5,527$4,985$4,493$3,799
11 years$6,094$5,450$4,866$4,339$3,864$3,204
12 years$5,529$4,891$4,318$3,806$3,349$2,721
13 years$5,051$4,420$3,858$3,360$2,920$2,325
14 years$4,642$4,018$3,467$2,983$2,560$1,996
15 years$4,288$3,670$3,130$2,660$2,254$1,720
16 years$3,978$3,368$2,838$2,382$1,992$1,487
17 years$3,706$3,101$2,582$2,140$1,766$1,290
18 years$3,463$2,866$2,357$1,928$1,570$1,121
19 years$3,247$2,656$2,158$1,743$1,400$977
20 years$3,052$2,468$1,980$1,578$1,250$853
21 years$2,876$2,299$1,822$1,432$1,119$745
22 years$2,716$2,146$1,679$1,302$1,003$652
23 years$2,571$2,007$1,550$1,186$900$572
24 years$2,438$1,881$1,434$1,082$809$501
25 years$2,315$1,765$1,328$988$728$440
26 years$2,202$1,659$1,231$903$656$387
27 years$2,098$1,561$1,144$827$591$340
28 years$2,001$1,471$1,063$758$534$299
29 years$1,912$1,388$989$695$482$263
30 years$1,828$1,310$921$638$435$232
31 years$1,750$1,239$859$586$394$204
32 years$1,677$1,172$802$538$356$180
33 years$1,608$1,110$748$495$322$159
34 years$1,544$1,052$699$455$292$140
35 years$1,483$998$654$419$264$123
36 years$1,426$947$612$386$239$109
37 years$1,372$900$572$356$217$96
38 years$1,322$855$536$328$197$85
39 years$1,273$813$502$302$178$75
40 years$1,228$773$471$279$162$66
41 years$1,184$736$441$257$147$58
42 years$1,143$701$414$237$133$51
43 years$1,104$668$389$219$121$45
44 years$1,067$637$365$202$110$40
45 years$1,031$607$342$187$100$35
46 years$998$579$322$173$90$31
47 years$965$553$302$159$82$28
48 years$935$528$284$147$75$24
49 years$905$504$267$136$68$21
50 years$877$481$251$126$62$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $898,000, adding $2,819 every year, while hoping to spend $41,910 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: 60/17/23 Blend
69$898,000$898,000$898,000$898,000
70$992,504$944,910$930,991$1,045,826
71$1,049,147$946,618$917,587$1,084,066
72$1,110,164$947,006$902,330$1,120,961
73$1,175,955$945,964$885,112$1,160,295
74$1,246,962$943,376$865,824$1,202,314
75$1,323,671$939,120$844,347$1,247,289
76$1,406,614$933,065$820,561$1,295,520
77$1,496,376$925,073$794,338$1,347,339
78$1,593,603$914,998$765,544$1,403,114
79$1,699,001$902,684$734,041$1,463,254
80$1,813,350$887,966$699,682$1,528,209
81$1,937,505$870,670$662,315$1,598,477
82$2,072,409$850,611$621,780$1,674,611
83$2,219,097$827,594$577,913$1,757,221
84$2,378,710$801,410$530,537$1,846,984
85$2,552,501$771,842$479,473$1,944,646
86$2,741,850$738,656$424,529$2,051,032
87$2,948,276$701,608$365,508$2,167,058
88$3,173,450$660,437$302,203$2,293,731
89$3,419,212$614,869$234,397$2,432,169
90$3,687,588$564,613$161,865$2,583,605
91$3,980,805$509,362$84,371$2,749,403
92$4,301,319$448,793$1,669$2,931,068
93$4,651,831$382,561$0$3,130,266
94$5,035,316$310,305$0$3,370,085
95$5,455,051$231,642$0$3,633,125
96$5,914,641$146,168$0$3,921,289
97$6,418,059$53,455$0$4,237,127
98$6,969,681$0$0$4,583,449
99$7,574,322$0$0$4,972,139
100$8,237,289$0$0$5,409,359