Can I retire at age 70 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$66,394$65,802$65,225$64,662$64,112$61,617
2 years$32,868$32,256$31,663$31,088$30,530$28,046
3 years$21,694$21,080$20,488$19,918$19,369$16,975
4 years$16,109$15,496$14,910$14,350$13,814$11,528
5 years$12,758$12,149$11,571$11,022$10,501$8,329
6 years$10,525$9,920$9,351$8,814$8,309$6,252
7 years$8,931$8,331$7,771$7,247$6,758$4,815
8 years$7,736$7,141$6,590$6,079$5,606$3,776
9 years$6,806$6,218$5,676$5,178$4,721$3,001
10 years$6,063$5,481$4,949$4,464$4,023$2,409
11 years$5,456$4,879$4,357$3,885$3,460$1,949
12 years$4,950$4,379$3,866$3,407$2,998$1,586
13 years$4,523$3,958$3,454$3,008$2,614$1,297
14 years$4,156$3,597$3,104$2,670$2,292$1,065
15 years$3,839$3,286$2,802$2,381$2,018$877
16 years$3,562$3,015$2,541$2,132$1,783$724
17 years$3,318$2,777$2,312$1,916$1,581$599
18 years$3,101$2,566$2,110$1,727$1,406$496
19 years$2,907$2,378$1,932$1,560$1,253$412
20 years$2,733$2,210$1,773$1,413$1,119$342
21 years$2,575$2,058$1,631$1,282$1,002$285
22 years$2,432$1,921$1,503$1,166$898$237
23 years$2,302$1,797$1,388$1,062$806$197
24 years$2,182$1,684$1,284$969$724$164
25 years$2,073$1,580$1,189$884$652$137
26 years$1,972$1,485$1,103$809$587$114
27 years$1,878$1,398$1,024$740$529$95
28 years$1,792$1,317$952$678$478$79
29 years$1,712$1,242$886$622$431$66
30 years$1,637$1,173$825$571$390$55
31 years$1,567$1,109$769$524$352$46
32 years$1,501$1,049$718$482$319$39
33 years$1,440$994$670$443$288$32
34 years$1,382$942$626$408$261$27
35 years$1,328$893$585$375$237$22
36 years$1,277$848$548$346$214$19
37 years$1,229$805$513$318$194$16
38 years$1,183$765$480$293$176$13
39 years$1,140$728$450$271$160$11
40 years$1,099$692$421$250$145$9
41 years$1,060$659$395$230$131$8
42 years$1,024$628$371$213$119$6
43 years$989$598$348$196$108$5
44 years$955$570$327$181$98$4
45 years$924$544$307$167$89$4
46 years$893$519$288$155$81$3
47 years$864$495$271$143$74$3
48 years$837$473$254$132$67$2
49 years$810$451$239$122$61$2
50 years$785$431$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $804,000, adding $6,655 every year, while hoping to spend $56,692 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: 82/10/8 Blend
69$804,000$804,000$804,000$804,000
70$892,873$850,261$837,799$964,671
71$923,626$831,604$805,545$993,965
72$955,616$810,132$770,311$1,017,880
73$988,909$785,649$731,936$1,042,403
74$1,023,576$757,944$690,255$1,067,562
75$1,059,694$726,797$645,091$1,093,388
76$1,097,345$691,972$596,264$1,119,917
77$1,136,617$653,222$543,582$1,147,187
78$1,177,607$610,284$486,847$1,175,240
79$1,220,416$562,882$425,850$1,204,124
80$1,265,157$510,722$360,375$1,233,891
81$1,311,950$453,494$290,194$1,264,599
82$1,360,925$390,871$215,072$1,296,310
83$1,412,223$322,507$134,760$1,329,097
84$1,465,996$248,036$49,001$1,363,038
85$1,522,410$167,073$0$1,398,219
86$1,581,646$79,209$0$1,438,368
87$1,643,898$0$0$1,484,661
88$1,709,379$0$0$1,534,815
89$1,778,319$0$0$1,596,803
90$1,850,972$0$0$1,662,134
91$1,927,609$0$0$1,731,057
92$2,008,530$0$0$1,803,840
93$2,094,061$0$0$1,880,778
94$2,184,557$0$0$1,962,191
95$2,280,405$0$0$2,048,430
96$2,382,031$0$0$2,139,878
97$2,489,896$0$0$2,236,952
98$2,604,509$0$0$2,340,110
99$2,726,422$0$0$2,449,852
100$2,856,242$0$0$2,566,726