Can I retire at age 70 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$67,963$67,357$66,767$66,190$65,627$63,885
2 years$33,645$33,018$32,411$31,822$31,251$29,508
3 years$22,207$21,578$20,972$20,389$19,827$18,138
4 years$16,489$15,862$15,262$14,689$14,141$12,518
5 years$13,060$12,436$11,844$11,283$10,750$9,198
6 years$10,774$10,155$9,572$9,023$8,506$7,027
7 years$9,142$8,528$7,954$7,418$6,917$5,511
8 years$7,918$7,310$6,746$6,223$5,739$4,405
9 years$6,967$6,365$5,810$5,300$4,833$3,570
10 years$6,207$5,610$5,065$4,569$4,118$2,924
11 years$5,585$4,994$4,460$3,976$3,541$2,415
12 years$5,067$4,483$3,958$3,488$3,069$2,008
13 years$4,629$4,051$3,536$3,079$2,676$1,678
14 years$4,255$3,682$3,177$2,733$2,346$1,409
15 years$3,930$3,364$2,868$2,438$2,066$1,187
16 years$3,646$3,086$2,601$2,183$1,826$1,003
17 years$3,396$2,842$2,367$1,961$1,619$849
18 years$3,174$2,626$2,160$1,767$1,439$721
19 years$2,976$2,434$1,978$1,597$1,283$613
20 years$2,797$2,262$1,815$1,446$1,146$522
21 years$2,636$2,107$1,669$1,313$1,025$445
22 years$2,490$1,967$1,539$1,194$919$379
23 years$2,356$1,839$1,421$1,087$825$324
24 years$2,234$1,723$1,314$991$742$277
25 years$2,122$1,617$1,217$905$667$237
26 years$2,018$1,520$1,129$828$601$203
27 years$1,923$1,431$1,048$758$542$173
28 years$1,834$1,348$974$694$489$149
29 years$1,752$1,272$907$637$442$127
30 years$1,675$1,201$845$584$399$109
31 years$1,604$1,135$787$537$361$93
32 years$1,537$1,074$735$493$326$80
33 years$1,474$1,017$686$454$295$69
34 years$1,415$964$641$417$267$59
35 years$1,359$915$599$384$242$51
36 years$1,307$868$560$354$219$43
37 years$1,258$824$525$326$199$37
38 years$1,211$783$491$300$180$32
39 years$1,167$745$460$277$163$27
40 years$1,125$709$431$256$148$23
41 years$1,085$675$405$236$135$20
42 years$1,048$643$379$218$122$17
43 years$1,012$612$356$201$111$15
44 years$978$584$334$185$101$13
45 years$945$557$314$171$91$11
46 years$914$531$295$158$83$9
47 years$885$507$277$146$75$8
48 years$856$484$260$135$68$7
49 years$829$462$245$125$62$6
50 years$804$441$230$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $823,000, adding $5,935 every year, while hoping to spend $22,873 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: 75/9/16 Blend
69$823,000$823,000$823,000$823,000
70$913,068$869,449$856,692$977,870
71$981,864$887,715$861,055$1,039,804
72$1,056,911$906,110$864,797$1,104,251
73$1,138,822$924,615$867,874$1,174,275
74$1,228,272$943,212$870,238$1,250,422
75$1,326,005$961,878$871,840$1,333,298
76$1,432,838$980,591$872,627$1,423,568
77$1,549,674$999,326$872,546$1,521,965
78$1,677,503$1,018,055$871,539$1,629,297
79$1,817,418$1,036,750$869,545$1,746,454
80$1,970,622$1,055,378$866,503$1,874,418
81$2,138,440$1,073,906$862,345$2,014,268
82$2,322,329$1,092,296$857,002$2,167,196
83$2,523,897$1,110,509$850,402$2,334,513
84$2,744,913$1,128,502$842,469$2,517,665
85$2,987,325$1,146,230$833,122$2,718,246
86$3,253,280$1,163,642$822,279$2,938,010
87$3,545,141$1,180,688$809,852$3,178,893
88$3,865,513$1,197,309$795,750$3,443,027
89$4,217,264$1,213,446$779,876$3,732,760
90$4,603,554$1,229,034$762,131$4,050,681
91$5,027,864$1,244,004$742,410$4,399,645
92$5,494,028$1,258,281$720,602$4,782,794
93$6,006,270$1,271,789$696,594$5,203,594
94$6,569,244$1,284,441$670,264$5,665,864
95$7,188,077$1,296,149$641,488$6,173,811
96$7,868,417$1,306,816$610,134$6,732,074
97$8,616,487$1,316,342$576,066$7,345,763
98$9,439,144$1,324,618$539,139$8,020,512
99$10,343,940$1,331,528$499,204$8,762,528
100$11,339,199$1,336,949$456,104$9,578,652