Can I retire at age 70 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$68,871$68,257$67,659$67,075$66,504$66,085
2 years$34,095$33,460$32,844$32,247$31,669$31,246
3 years$22,504$21,866$21,252$20,661$20,092$19,679
4 years$16,710$16,074$15,466$14,885$14,330$13,929
5 years$13,234$12,602$12,002$11,433$10,893$10,506
6 years$10,918$10,291$9,700$9,143$8,619$8,247
7 years$9,264$8,642$8,061$7,517$7,010$6,652
8 years$8,024$7,408$6,836$6,306$5,815$5,472
9 years$7,060$6,450$5,888$5,371$4,897$4,568
10 years$6,290$5,685$5,133$4,630$4,173$3,858
11 years$5,660$5,061$4,519$4,030$3,589$3,288
12 years$5,135$4,543$4,011$3,535$3,110$2,823
13 years$4,691$4,105$3,583$3,120$2,712$2,438
14 years$4,311$3,732$3,220$2,770$2,377$2,117
15 years$3,982$3,409$2,907$2,470$2,093$1,845
16 years$3,695$3,128$2,635$2,212$1,850$1,615
17 years$3,441$2,880$2,398$1,987$1,640$1,417
18 years$3,216$2,662$2,189$1,791$1,458$1,247
19 years$3,015$2,467$2,004$1,618$1,300$1,100
20 years$2,835$2,292$1,839$1,466$1,161$972
21 years$2,671$2,135$1,692$1,330$1,039$860
22 years$2,523$1,993$1,559$1,209$931$763
23 years$2,388$1,864$1,440$1,102$836$677
24 years$2,264$1,746$1,331$1,005$751$602
25 years$2,150$1,639$1,233$918$676$535
26 years$2,045$1,540$1,144$839$609$477
27 years$1,949$1,450$1,062$768$549$425
28 years$1,859$1,366$987$704$496$379
29 years$1,775$1,289$919$645$447$338
30 years$1,698$1,217$856$592$404$302
31 years$1,625$1,151$798$544$366$269
32 years$1,557$1,089$744$500$331$241
33 years$1,494$1,031$695$460$299$215
34 years$1,434$977$649$423$271$192
35 years$1,378$927$607$389$245$172
36 years$1,325$880$568$358$222$154
37 years$1,275$835$532$330$202$138
38 years$1,227$794$498$304$183$123
39 years$1,183$755$466$281$166$110
40 years$1,140$718$437$259$150$99
41 years$1,100$684$410$239$136$89
42 years$1,062$651$385$220$124$79
43 years$1,025$620$361$204$112$71
44 years$991$591$339$188$102$64
45 years$958$564$318$174$93$57
46 years$927$538$299$160$84$51
47 years$897$513$281$148$76$46
48 years$868$490$264$137$69$41
49 years$840$468$248$126$63$37
50 years$814$447$233$117$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $834,000, adding $5,137 every year, while hoping to spend $51,914 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: 67/7/26 Blend
69$834,000$834,000$834,000$834,000
70$924,367$880,165$867,238$979,737
71$963,416$868,057$841,054$1,005,515
72$1,004,709$853,616$812,253$1,027,344
73$1,048,418$836,672$780,693$1,050,036
74$1,094,735$817,047$746,224$1,073,679
75$1,143,866$794,550$708,691$1,098,371
76$1,196,039$768,982$667,931$1,124,220
77$1,251,502$740,129$623,773$1,151,350
78$1,310,526$707,766$576,041$1,179,896
79$1,373,409$671,656$524,547$1,210,011
80$1,440,476$631,546$469,099$1,241,864
81$1,512,083$587,171$409,493$1,275,644
82$1,588,622$538,249$345,518$1,311,564
83$1,670,521$484,483$276,952$1,349,857
84$1,758,249$425,557$203,564$1,390,787
85$1,852,321$361,140$125,114$1,434,643
86$1,953,303$290,881$41,351$1,481,751
87$2,061,814$214,408$0$1,532,470
88$2,178,535$131,331$0$1,600,528
89$2,304,214$41,234$0$1,686,151
90$2,439,672$0$0$1,778,429
91$2,585,809$0$0$1,882,332
92$2,743,618$0$0$1,998,001
93$2,914,185$0$0$2,123,065
94$3,098,709$0$0$2,258,405
95$3,298,502$0$0$2,404,992
96$3,515,012$0$0$2,563,892
97$3,749,829$0$0$2,736,277
98$4,004,699$0$0$2,923,438
99$4,281,546$0$0$3,126,794
100$4,582,485$0$0$3,347,905