Can I retire at age 70 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$65,485$64,902$64,333$63,777$63,235$62,523
2 years$32,418$31,815$31,230$30,662$30,112$29,395
3 years$21,398$20,791$20,208$19,646$19,104$18,405
4 years$15,888$15,284$14,706$14,154$13,625$12,948
5 years$12,584$11,983$11,412$10,871$10,358$9,706
6 years$10,381$9,785$9,223$8,694$8,196$7,569
7 years$8,809$8,217$7,664$7,148$6,665$6,065
8 years$7,630$7,044$6,500$5,996$5,530$4,955
9 years$6,713$6,133$5,598$5,107$4,657$4,108
10 years$5,981$5,406$4,881$4,403$3,968$3,444
11 years$5,381$4,812$4,297$3,832$3,412$2,914
12 years$4,883$4,319$3,813$3,361$2,957$2,483
13 years$4,461$3,903$3,407$2,967$2,579$2,128
14 years$4,100$3,548$3,061$2,634$2,260$1,833
15 years$3,787$3,241$2,764$2,349$1,990$1,585
16 years$3,513$2,974$2,506$2,103$1,759$1,375
17 years$3,272$2,739$2,280$1,890$1,560$1,197
18 years$3,058$2,531$2,082$1,703$1,387$1,044
19 years$2,867$2,345$1,906$1,539$1,236$913
20 years$2,695$2,180$1,749$1,394$1,104$800
21 years$2,540$2,030$1,609$1,265$988$702
22 years$2,399$1,895$1,483$1,150$886$617
23 years$2,270$1,772$1,369$1,047$795$542
24 years$2,153$1,661$1,266$955$715$478
25 years$2,044$1,558$1,173$872$643$421
26 years$1,945$1,465$1,088$798$579$371
27 years$1,853$1,378$1,010$730$522$328
28 years$1,767$1,299$939$669$471$289
29 years$1,688$1,225$874$613$425$256
30 years$1,614$1,157$814$563$384$226
31 years$1,545$1,094$759$517$348$200
32 years$1,481$1,035$708$475$314$177
33 years$1,420$980$661$437$285$157
34 years$1,363$929$617$402$258$139
35 years$1,310$881$577$370$233$123
36 years$1,259$836$540$341$211$109
37 years$1,212$794$505$314$192$96
38 years$1,167$755$473$289$174$85
39 years$1,124$718$443$267$158$76
40 years$1,084$683$416$246$143$67
41 years$1,046$650$390$227$130$59
42 years$1,010$619$366$210$118$53
43 years$975$590$343$194$107$47
44 years$942$562$322$179$97$41
45 years$911$536$302$165$88$37
46 years$881$512$284$152$80$33
47 years$852$488$267$141$73$29
48 years$825$466$251$130$66$26
49 years$799$445$236$120$60$23
50 years$774$425$222$111$54$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $793,000, adding $6,012 every year, while hoping to spend $21,989 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: 87/5/8 Blend
69$793,000$793,000$793,000$793,000
70$880,087$838,058$825,767$955,423
71$946,460$855,727$830,034$1,023,116
72$1,018,866$873,525$833,707$1,093,840
73$1,097,897$891,434$836,743$1,170,872
74$1,184,205$909,437$839,096$1,254,832
75$1,278,508$927,513$840,720$1,346,402
76$1,381,595$945,641$841,563$1,446,334
77$1,494,336$963,796$841,574$1,555,458
78$1,617,690$981,953$840,698$1,674,685
79$1,752,710$1,000,084$838,877$1,805,020
80$1,900,557$1,018,159$836,050$1,947,570
81$2,062,510$1,036,145$832,155$2,103,554
82$2,239,978$1,054,008$827,124$2,274,315
83$2,434,511$1,071,710$820,887$2,461,332
84$2,647,817$1,089,209$813,373$2,666,234
85$2,881,777$1,106,463$804,504$2,890,816
86$3,138,464$1,123,425$794,200$3,137,056
87$3,420,159$1,140,045$782,377$3,407,132
88$3,729,376$1,156,268$768,948$3,703,446
89$4,068,885$1,172,038$753,820$4,028,640
90$4,441,736$1,187,292$736,898$4,385,629
91$4,851,289$1,201,966$718,080$4,777,622
92$5,301,246$1,215,988$697,261$5,208,157
93$5,795,685$1,229,283$674,332$5,681,130
94$6,339,099$1,241,772$649,176$6,200,835
95$6,936,437$1,253,369$621,673$6,772,002
96$7,593,153$1,263,983$591,698$7,399,845
97$8,315,253$1,273,517$559,119$8,090,108
98$9,109,356$1,281,867$523,797$8,849,119
99$9,982,756$1,288,923$485,589$9,683,853
100$10,943,486$1,294,570$444,345$10,601,995