Can I retire at age 70 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$68,375$67,766$67,172$66,592$66,026$64,170
2 years$33,849$33,219$32,608$32,015$31,441$29,585
3 years$22,342$21,709$21,099$20,513$19,947$18,150
4 years$16,590$15,958$15,355$14,778$14,227$12,501
5 years$13,139$12,512$11,916$11,351$10,815$9,166
6 years$10,839$10,217$9,630$9,078$8,557$6,987
7 years$9,197$8,580$8,003$7,463$6,959$5,468
8 years$7,966$7,355$6,787$6,261$5,774$4,360
9 years$7,010$6,403$5,845$5,333$4,862$3,525
10 years$6,244$5,644$5,096$4,597$4,143$2,880
11 years$5,619$5,025$4,487$4,001$3,563$2,372
12 years$5,098$4,510$3,982$3,509$3,088$1,967
13 years$4,658$4,076$3,557$3,098$2,692$1,640
14 years$4,280$3,705$3,196$2,750$2,360$1,373
15 years$3,954$3,384$2,886$2,453$2,078$1,153
16 years$3,668$3,105$2,617$2,196$1,837$972
17 years$3,417$2,860$2,381$1,973$1,628$820
18 years$3,193$2,642$2,173$1,778$1,448$694
19 years$2,994$2,449$1,990$1,607$1,291$588
20 years$2,814$2,276$1,826$1,455$1,153$499
21 years$2,652$2,120$1,680$1,321$1,032$424
22 years$2,505$1,979$1,548$1,201$925$361
23 years$2,370$1,851$1,429$1,094$830$307
24 years$2,248$1,734$1,322$997$746$262
25 years$2,135$1,627$1,224$911$671$223
26 years$2,031$1,529$1,136$833$605$190
27 years$1,935$1,439$1,054$762$545$162
28 years$1,845$1,356$980$698$492$139
29 years$1,763$1,279$912$641$444$118
30 years$1,685$1,208$850$588$401$101
31 years$1,613$1,142$792$540$363$86
32 years$1,546$1,081$739$496$328$74
33 years$1,483$1,024$690$456$297$63
34 years$1,423$970$645$420$269$54
35 years$1,368$920$603$386$244$46
36 years$1,315$873$564$356$221$39
37 years$1,265$829$528$328$200$34
38 years$1,218$788$494$302$181$29
39 years$1,174$750$463$279$164$25
40 years$1,132$713$434$257$149$21
41 years$1,092$679$407$237$135$18
42 years$1,054$647$382$219$123$15
43 years$1,018$616$358$202$111$13
44 years$984$587$336$187$101$11
45 years$951$560$316$172$92$10
46 years$920$534$297$159$83$8
47 years$890$510$279$147$76$7
48 years$862$487$262$136$69$6
49 years$834$465$246$126$62$5
50 years$808$444$231$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $828,000, adding $3,711 every year, while hoping to spend $44,035 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: 59/23/18 Blend
69$828,000$828,000$828,000$828,000
70$916,284$872,400$859,566$965,842
71$962,892$868,295$841,508$995,723
72$1,012,778$862,512$821,370$1,023,130
73$1,066,230$854,924$799,035$1,052,016
74$1,123,564$845,394$774,381$1,082,530
75$1,185,127$833,777$747,282$1,114,838
76$1,251,298$819,920$717,604$1,149,126
77$1,322,495$803,661$685,208$1,185,601
78$1,399,176$784,827$649,949$1,224,492
79$1,481,845$763,237$611,676$1,266,055
80$1,571,055$738,697$570,229$1,310,573
81$1,667,413$711,004$525,442$1,358,361
82$1,771,587$679,941$477,142$1,409,769
83$1,884,312$645,280$425,149$1,465,186
84$2,006,392$606,780$369,272$1,525,042
85$2,138,716$564,184$309,315$1,589,817
86$2,282,259$517,223$245,071$1,660,041
87$2,438,093$465,611$176,324$1,736,302
88$2,607,398$409,045$102,851$1,819,252
89$2,791,472$347,208$24,415$1,909,616
90$2,991,742$279,761$0$2,008,195
91$3,209,779$206,348$0$2,127,263
92$3,447,312$126,594$0$2,262,162
93$3,706,242$40,102$0$2,409,338
94$3,988,663$0$0$2,570,050
95$4,296,879$0$0$2,759,243
96$4,633,426$0$0$2,976,973
97$5,001,097$0$0$3,214,904
98$5,402,964$0$0$3,475,033
99$5,842,413$0$0$3,759,561
100$6,323,168$0$0$4,070,908