Can I retire at age 70 with 818,000?

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 $818,000?

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$67,550$66,948$66,361$65,788$65,228$64,736
2 years$33,440$32,818$32,214$31,629$31,061$30,565
3 years$22,072$21,447$20,845$20,265$19,706$19,221
4 years$16,389$15,766$15,170$14,600$14,055$13,585
5 years$12,980$12,360$11,772$11,214$10,684$10,231
6 years$10,708$10,093$9,514$8,968$8,454$8,018
7 years$9,086$8,476$7,906$7,373$6,875$6,456
8 years$7,870$7,266$6,705$6,185$5,704$5,302
9 years$6,925$6,326$5,775$5,268$4,803$4,419
10 years$6,169$5,576$5,035$4,541$4,093$3,725
11 years$5,551$4,964$4,432$3,952$3,520$3,169
12 years$5,036$4,456$3,934$3,467$3,050$2,715
13 years$4,601$4,027$3,514$3,061$2,660$2,341
14 years$4,229$3,660$3,158$2,717$2,332$2,028
15 years$3,906$3,343$2,851$2,423$2,053$1,765
16 years$3,624$3,068$2,585$2,169$1,814$1,541
17 years$3,375$2,825$2,352$1,949$1,609$1,349
18 years$3,155$2,611$2,147$1,757$1,430$1,185
19 years$2,957$2,419$1,966$1,587$1,275$1,043
20 years$2,780$2,248$1,804$1,438$1,139$920
21 years$2,620$2,094$1,659$1,305$1,019$812
22 years$2,474$1,955$1,529$1,186$914$718
23 years$2,342$1,828$1,412$1,080$820$636
24 years$2,220$1,713$1,306$985$737$564
25 years$2,109$1,608$1,210$900$663$501
26 years$2,006$1,511$1,122$823$597$445
27 years$1,911$1,422$1,042$753$539$395
28 years$1,823$1,340$968$690$486$352
29 years$1,741$1,264$901$633$439$313
30 years$1,665$1,194$839$581$397$279
31 years$1,594$1,128$783$533$359$248
32 years$1,527$1,068$730$490$324$221
33 years$1,465$1,011$682$451$293$197
34 years$1,406$958$637$415$266$176
35 years$1,351$909$596$382$241$157
36 years$1,299$863$557$352$218$140
37 years$1,250$819$521$324$198$125
38 years$1,204$779$488$299$179$112
39 years$1,160$741$457$275$162$100
40 years$1,118$705$429$254$147$89
41 years$1,079$671$402$234$134$80
42 years$1,041$639$377$216$121$71
43 years$1,006$609$354$200$110$64
44 years$972$580$332$184$100$57
45 years$940$553$312$170$91$51
46 years$909$528$293$157$82$45
47 years$879$504$275$145$75$41
48 years$851$481$259$134$68$36
49 years$824$459$243$124$62$32
50 years$799$439$229$115$56$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $818,000, adding $6,905 every year, while hoping to spend $24,940 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: 64/15/21 Blend
69$818,000$818,000$818,000$818,000
70$908,559$865,205$852,526$961,389
71$974,696$881,064$854,549$1,013,650
72$1,046,743$896,864$855,805$1,067,288
73$1,125,276$912,576$856,240$1,125,312
74$1,210,931$928,169$855,801$1,188,152
75$1,304,405$943,608$854,429$1,256,282
76$1,406,467$958,858$852,065$1,330,226
77$1,517,964$973,879$848,646$1,410,562
78$1,639,826$988,629$844,106$1,497,924
79$1,773,080$1,003,063$838,375$1,593,016
80$1,918,854$1,017,133$831,381$1,696,609
81$2,078,392$1,030,788$823,047$1,809,556
82$2,253,064$1,043,972$813,294$1,932,796
83$2,444,376$1,056,626$802,039$2,067,367
84$2,653,989$1,068,688$789,194$2,214,410
85$2,883,731$1,080,089$774,668$2,375,184
86$3,135,617$1,090,759$758,365$2,551,077
87$3,411,865$1,100,620$740,185$2,743,621
88$3,714,917$1,109,592$720,023$2,954,502
89$4,047,463$1,117,588$697,769$3,185,582
90$4,412,469$1,124,514$673,308$3,438,911
91$4,813,199$1,130,273$646,522$3,716,750
92$5,253,248$1,134,760$617,284$4,021,592
93$5,736,580$1,137,863$585,463$4,356,186
94$6,267,557$1,139,465$550,922$4,723,561
95$6,850,989$1,139,439$513,519$5,127,058
96$7,492,171$1,137,653$473,103$5,570,358
97$8,196,938$1,133,964$429,518$6,057,521
98$8,971,720$1,128,222$382,600$6,593,022
99$9,823,598$1,120,267$332,180$7,181,794
100$10,760,375$1,109,931$278,079$7,829,275