Can I retire at age 70 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$67,632$67,030$66,442$65,868$65,308$63,833
2 years$33,481$32,858$32,253$31,667$31,099$29,621
3 years$22,099$21,473$20,870$20,290$19,731$18,295
4 years$16,409$15,785$15,188$14,618$14,072$12,691
5 years$12,996$12,376$11,787$11,228$10,697$9,374
6 years$10,721$10,106$9,525$8,979$8,464$7,201
7 years$9,097$8,487$7,916$7,382$6,884$5,680
8 years$7,880$7,275$6,713$6,193$5,711$4,566
9 years$6,933$6,334$5,782$5,275$4,809$3,722
10 years$6,177$5,583$5,041$4,547$4,098$3,068
11 years$5,558$4,970$4,438$3,957$3,524$2,550
12 years$5,043$4,461$3,938$3,471$3,054$2,134
13 years$4,607$4,031$3,519$3,064$2,663$1,796
14 years$4,234$3,664$3,162$2,720$2,335$1,518
15 years$3,911$3,348$2,855$2,426$2,055$1,288
16 years$3,628$3,071$2,588$2,172$1,817$1,096
17 years$3,380$2,829$2,355$1,952$1,611$935
18 years$3,159$2,614$2,150$1,759$1,432$799
19 years$2,961$2,422$1,968$1,589$1,277$684
20 years$2,784$2,251$1,806$1,439$1,140$587
21 years$2,623$2,097$1,661$1,306$1,020$504
22 years$2,477$1,957$1,531$1,188$915$434
23 years$2,345$1,831$1,414$1,082$821$373
24 years$2,223$1,715$1,308$987$738$322
25 years$2,112$1,610$1,211$901$664$277
26 years$2,009$1,513$1,123$824$598$239
27 years$1,914$1,424$1,043$754$539$206
28 years$1,825$1,341$970$691$487$178
29 years$1,743$1,266$902$634$439$154
30 years$1,667$1,195$840$581$397$133
31 years$1,596$1,130$783$534$359$115
32 years$1,529$1,069$731$491$325$99
33 years$1,467$1,012$683$451$294$86
34 years$1,408$960$638$415$266$74
35 years$1,353$910$596$382$241$64
36 years$1,301$864$558$352$218$56
37 years$1,252$820$522$324$198$48
38 years$1,205$780$489$299$179$42
39 years$1,161$741$458$276$163$36
40 years$1,120$705$429$254$148$31
41 years$1,080$671$403$235$134$27
42 years$1,043$639$378$216$121$23
43 years$1,007$609$354$200$110$20
44 years$973$581$333$185$100$17
45 years$941$554$312$170$91$15
46 years$910$528$293$157$82$13
47 years$880$504$276$145$75$11
48 years$852$481$259$134$68$10
49 years$825$460$243$124$62$8
50 years$800$439$229$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $819,000, adding $6,442 every year, while hoping to spend $41,086 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: 36/37/27 Blend
69$819,000$819,000$819,000$819,000
70$909,183$865,776$853,081$934,348
71$958,204$864,484$837,944$952,288
72$1,010,849$861,751$820,923$967,451
73$1,067,443$857,464$801,912$983,025
74$1,128,344$851,502$780,798$999,074
75$1,193,946$843,737$757,466$1,015,671
76$1,264,681$834,032$731,793$1,032,902
77$1,341,023$822,244$703,652$1,050,863
78$1,423,492$808,219$672,910$1,069,664
79$1,512,663$791,796$639,426$1,089,432
80$1,609,164$772,804$603,057$1,110,308
81$1,713,688$751,060$563,649$1,132,456
82$1,826,996$726,374$521,042$1,156,056
83$1,949,924$698,541$475,072$1,181,317
84$2,083,393$667,346$425,563$1,208,472
85$2,228,415$632,562$372,336$1,237,783
86$2,386,103$593,948$315,199$1,269,546
87$2,557,683$551,248$253,956$1,304,093
88$2,744,503$504,195$188,399$1,341,796
89$2,948,045$452,503$118,313$1,383,074
90$3,169,941$395,872$43,472$1,428,395
91$3,411,989$333,984$0$1,478,282
92$3,676,165$266,502$0$1,543,806
93$3,964,646$193,073$0$1,629,184
94$4,279,828$113,321$0$1,722,683
95$4,624,347$26,851$0$1,825,194
96$5,001,110$0$0$1,937,709
97$5,413,312$0$0$2,088,501
98$5,864,474$0$0$2,265,626
99$6,358,474$0$0$2,459,686
100$6,899,580$0$0$2,672,374