Can I retire at age 70 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$66,228$65,638$65,063$64,501$63,953$63,523
2 years$32,786$32,176$31,584$31,010$30,454$30,020
3 years$21,640$21,027$20,437$19,869$19,321$18,897
4 years$16,069$15,457$14,873$14,314$13,780$13,369
5 years$12,726$12,119$11,542$10,995$10,475$10,079
6 years$10,499$9,896$9,328$8,792$8,289$7,907
7 years$8,909$8,310$7,751$7,229$6,741$6,374
8 years$7,716$7,124$6,574$6,064$5,592$5,240
9 years$6,789$6,202$5,662$5,165$4,710$4,373
10 years$6,048$5,467$4,936$4,452$4,013$3,690
11 years$5,443$4,867$4,346$3,875$3,451$3,143
12 years$4,938$4,368$3,857$3,399$2,991$2,697
13 years$4,511$3,948$3,446$3,001$2,608$2,328
14 years$4,146$3,588$3,096$2,664$2,286$2,020
15 years$3,830$3,278$2,795$2,376$2,013$1,760
16 years$3,553$3,008$2,534$2,127$1,779$1,539
17 years$3,309$2,770$2,306$1,911$1,577$1,349
18 years$3,093$2,559$2,105$1,722$1,402$1,187
19 years$2,900$2,372$1,927$1,556$1,250$1,046
20 years$2,726$2,204$1,769$1,409$1,117$923
21 years$2,569$2,053$1,627$1,279$999$817
22 years$2,426$1,917$1,499$1,163$896$724
23 years$2,296$1,793$1,384$1,059$804$642
24 years$2,177$1,679$1,280$966$723$570
25 years$2,068$1,576$1,186$882$650$507
26 years$1,967$1,481$1,100$807$586$451
27 years$1,874$1,394$1,021$738$528$401
28 years$1,787$1,314$949$677$477$358
29 years$1,707$1,239$884$620$430$319
30 years$1,633$1,170$823$569$389$284
31 years$1,563$1,106$767$523$351$254
32 years$1,497$1,047$716$481$318$227
33 years$1,436$991$668$442$288$202
34 years$1,379$940$625$407$261$181
35 years$1,325$891$584$374$236$162
36 years$1,274$846$546$345$214$145
37 years$1,226$803$511$318$194$129
38 years$1,180$764$479$293$176$116
39 years$1,137$726$449$270$159$103
40 years$1,096$691$420$249$144$93
41 years$1,058$658$394$230$131$83
42 years$1,021$626$370$212$119$74
43 years$986$597$347$196$108$66
44 years$953$569$326$181$98$59
45 years$921$542$306$167$89$53
46 years$891$517$287$154$81$48
47 years$862$494$270$142$73$43
48 years$835$471$254$132$67$38
49 years$808$450$238$122$60$34
50 years$783$430$224$112$55$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $802,000, adding $6,837 every year, while hoping to spend $39,353 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: 29/46/25 Blend
69$802,000$802,000$802,000$802,000
70$890,856$848,350$835,919$909,617
71$939,852$848,048$822,051$924,506
72$992,527$846,412$806,400$936,586
73$1,049,214$843,336$788,864$948,769
74$1,110,280$838,705$769,336$961,089
75$1,176,127$832,400$747,708$973,590
76$1,247,197$824,293$723,861$986,319
77$1,323,976$814,248$697,675$999,337
78$1,406,998$802,123$669,024$1,012,711
79$1,496,849$787,765$637,774$1,026,522
80$1,594,175$771,012$603,786$1,040,863
81$1,699,685$751,695$566,917$1,055,840
82$1,814,158$729,634$527,014$1,071,576
83$1,938,452$704,636$483,918$1,088,213
84$2,073,510$676,499$437,466$1,105,911
85$2,220,371$645,010$387,483$1,124,855
86$2,380,175$609,941$333,790$1,145,254
87$2,554,178$571,055$276,198$1,167,344
88$2,743,764$528,096$214,511$1,191,395
89$2,950,453$480,798$148,522$1,217,711
90$3,175,920$428,877$78,017$1,246,634
91$3,422,006$372,034$2,773$1,278,553
92$3,690,740$309,954$0$1,313,901
93$3,984,356$242,302$0$1,373,848
94$4,305,311$168,725$0$1,440,399
95$4,656,312$88,852$0$1,513,497
96$5,040,338$2,288$0$1,593,904
97$5,460,671$0$0$1,682,469
98$5,920,924$0$0$1,826,388
99$6,425,076$0$0$1,985,432
100$6,977,508$0$0$2,159,839