Can I retire at age 70 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$66,063$65,475$64,901$64,340$63,793$63,312
2 years$32,705$32,095$31,505$30,933$30,378$29,892
3 years$21,586$20,975$20,386$19,819$19,273$18,798
4 years$16,029$15,419$14,836$14,278$13,746$13,286
5 years$12,695$12,088$11,513$10,967$10,449$10,006
6 years$10,473$9,871$9,304$8,771$8,268$7,841
7 years$8,886$8,290$7,732$7,211$6,724$6,314
8 years$7,697$7,106$6,557$6,049$5,578$5,185
9 years$6,773$6,187$5,648$5,152$4,698$4,321
10 years$6,033$5,453$4,924$4,441$4,003$3,643
11 years$5,429$4,855$4,335$3,865$3,442$3,099
12 years$4,926$4,357$3,847$3,390$2,983$2,656
13 years$4,500$3,938$3,437$2,993$2,601$2,289
14 years$4,136$3,579$3,088$2,657$2,280$1,984
15 years$3,820$3,270$2,788$2,370$2,008$1,726
16 years$3,544$3,000$2,528$2,122$1,775$1,507
17 years$3,301$2,763$2,300$1,906$1,573$1,320
18 years$3,085$2,553$2,100$1,718$1,399$1,159
19 years$2,892$2,366$1,922$1,552$1,247$1,020
20 years$2,719$2,199$1,764$1,406$1,114$899
21 years$2,562$2,048$1,623$1,276$997$794
22 years$2,420$1,912$1,496$1,160$893$703
23 years$2,290$1,788$1,381$1,057$802$622
24 years$2,172$1,675$1,277$964$721$552
25 years$2,063$1,572$1,183$880$649$490
26 years$1,962$1,478$1,097$805$584$435
27 years$1,869$1,391$1,019$737$527$387
28 years$1,783$1,310$947$675$475$344
29 years$1,703$1,236$881$619$429$306
30 years$1,628$1,167$821$568$388$273
31 years$1,559$1,104$765$522$351$243
32 years$1,494$1,044$714$479$317$217
33 years$1,433$989$667$441$287$193
34 years$1,375$937$623$406$260$172
35 years$1,321$889$582$373$235$154
36 years$1,271$844$545$344$213$137
37 years$1,223$801$510$317$193$122
38 years$1,177$762$478$292$175$109
39 years$1,134$724$447$269$159$98
40 years$1,094$689$419$248$144$87
41 years$1,055$656$393$229$131$78
42 years$1,019$625$369$211$119$70
43 years$984$595$346$195$108$62
44 years$951$567$325$180$98$56
45 years$919$541$305$166$89$50
46 years$889$516$287$154$81$44
47 years$860$492$269$142$73$40
48 years$833$470$253$131$66$35
49 years$806$449$238$121$60$32
50 years$781$429$224$112$55$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $800,000, adding $2,541 every year, while hoping to spend $31,635 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: 83/7/10 Blend
69$800,000$800,000$800,000$800,000
70$884,221$841,821$829,421$956,058
71$940,752$849,411$823,547$1,011,032
72$1,001,989$856,312$816,416$1,066,910
73$1,068,379$862,458$807,953$1,127,310
74$1,140,412$867,777$798,078$1,192,669
75$1,218,629$872,193$786,709$1,263,467
76$1,303,624$875,625$773,758$1,340,232
77$1,396,050$877,987$759,135$1,423,545
78$1,496,626$879,188$742,746$1,514,050
79$1,606,144$879,130$724,489$1,612,451
80$1,725,474$877,711$704,263$1,719,527
81$1,855,574$874,820$681,957$1,836,134
82$1,997,498$870,342$657,459$1,963,218
83$2,152,407$864,153$630,648$2,101,818
84$2,321,578$856,123$601,400$2,253,081
85$2,506,419$846,112$569,587$2,418,269
86$2,708,476$833,974$535,070$2,598,774
87$2,929,455$819,553$497,709$2,796,128
88$3,171,232$802,683$457,355$3,012,022
89$3,435,873$783,191$413,853$3,248,316
90$3,725,656$760,891$367,040$3,507,062
91$4,043,085$735,587$316,748$3,790,521
92$4,390,920$707,071$262,800$4,101,183
93$4,772,201$675,124$205,010$4,441,792
94$5,190,274$639,515$143,187$4,815,375
95$5,648,828$599,996$77,130$5,225,265
96$6,151,922$556,309$6,627$5,675,134
97$6,704,029$508,180$0$6,169,033
98$7,310,076$455,317$0$6,718,742
99$7,975,491$397,415$0$7,323,089
100$8,706,251$334,148$0$7,986,811