Can I retire at age 70 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$66,972$66,375$65,793$65,225$64,670$62,301
2 years$33,154$32,537$31,938$31,358$30,795$28,435
3 years$21,883$21,263$20,666$20,091$19,538$17,260
4 years$16,249$15,631$15,040$14,475$13,935$11,757
5 years$12,869$12,255$11,671$11,118$10,593$8,522
6 years$10,617$10,007$9,432$8,891$8,382$6,418
7 years$9,008$8,404$7,838$7,310$6,817$4,960
8 years$7,803$7,204$6,647$6,132$5,655$3,903
9 years$6,866$6,272$5,725$5,223$4,762$3,114
10 years$6,116$5,528$4,992$4,502$4,058$2,509
11 years$5,504$4,922$4,395$3,918$3,490$2,038
12 years$4,993$4,417$3,900$3,437$3,024$1,665
13 years$4,562$3,992$3,484$3,034$2,637$1,367
14 years$4,193$3,629$3,131$2,694$2,312$1,127
15 years$3,873$3,315$2,827$2,402$2,035$932
16 years$3,593$3,041$2,563$2,151$1,799$773
17 years$3,347$2,801$2,332$1,933$1,595$642
18 years$3,128$2,588$2,129$1,742$1,418$535
19 years$2,932$2,399$1,949$1,574$1,264$446
20 years$2,756$2,229$1,789$1,425$1,129$372
21 years$2,597$2,076$1,645$1,294$1,010$311
22 years$2,453$1,938$1,516$1,176$906$260
23 years$2,322$1,813$1,400$1,071$813$217
24 years$2,201$1,698$1,295$977$731$182
25 years$2,091$1,594$1,199$892$658$152
26 years$1,989$1,498$1,112$816$592$128
27 years$1,895$1,410$1,033$747$534$107
28 years$1,808$1,328$960$684$482$90
29 years$1,726$1,253$893$627$435$75
30 years$1,651$1,183$832$576$393$63
31 years$1,580$1,119$776$529$355$53
32 years$1,514$1,059$724$486$322$44
33 years$1,452$1,003$676$447$291$37
34 years$1,394$950$632$411$263$31
35 years$1,340$901$590$379$239$26
36 years$1,288$855$552$349$216$22
37 years$1,239$812$517$321$196$19
38 years$1,193$772$484$296$178$16
39 years$1,150$734$454$273$161$13
40 years$1,109$698$425$252$146$11
41 years$1,070$665$399$232$133$9
42 years$1,033$633$374$214$120$8
43 years$997$603$351$198$109$6
44 years$964$575$329$183$99$5
45 years$932$548$309$169$90$5
46 years$901$523$290$156$82$4
47 years$872$499$273$144$74$3
48 years$844$477$256$133$67$3
49 years$817$455$241$123$61$2
50 years$792$435$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $811,000, adding $3,783 every year, while hoping to spend $29,582 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: 47/28/25 Blend
69$811,000$811,000$811,000$811,000
70$897,624$854,641$842,071$933,237
71$957,707$865,044$838,805$969,046
72$1,022,926$874,964$834,438$1,004,681
73$1,093,776$884,348$828,903$1,042,774
74$1,170,797$893,137$822,127$1,083,571
75$1,254,586$901,269$814,036$1,127,343
76$1,345,799$908,676$804,552$1,174,390
77$1,445,158$915,289$793,592$1,225,043
78$1,553,457$921,032$781,071$1,279,671
79$1,671,572$925,824$766,898$1,338,679
80$1,800,463$929,580$750,980$1,402,516
81$1,941,190$932,209$733,218$1,471,680
82$2,094,920$933,616$713,509$1,546,718
83$2,262,935$933,696$691,745$1,628,238
84$2,446,650$932,343$667,813$1,716,911
85$2,647,619$929,439$641,596$1,813,478
86$2,867,557$924,862$612,971$1,918,759
87$3,108,350$918,482$581,807$2,033,660
88$3,372,075$910,161$547,971$2,159,182
89$3,661,020$899,753$511,322$2,296,430
90$3,977,706$887,102$471,712$2,446,625
91$4,324,905$872,044$428,989$2,611,117
92$4,705,676$854,404$382,990$2,791,396
93$5,123,383$833,998$333,548$2,989,109
94$5,581,735$810,631$280,489$3,206,073
95$6,084,816$784,096$223,629$3,444,295
96$6,637,124$754,173$162,778$3,705,992
97$7,243,614$720,631$97,734$3,993,611
98$7,909,746$683,226$28,292$4,309,853
99$8,641,533$641,696$0$4,657,702
100$9,445,599$595,769$0$5,052,671