Can I retire at age 70 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$70,110$69,485$68,876$68,281$67,700$66,388
2 years$34,708$34,061$33,435$32,827$32,238$30,921
3 years$22,909$22,259$21,635$21,033$20,453$19,173
4 years$17,010$16,363$15,744$15,153$14,587$13,353
5 years$13,472$12,829$12,218$11,639$11,089$9,905
6 years$11,114$10,476$9,874$9,308$8,774$7,642
7 years$9,431$8,797$8,206$7,652$7,136$6,055
8 years$8,168$7,541$6,959$6,419$5,920$4,890
9 years$7,187$6,566$5,994$5,468$4,985$4,006
10 years$6,403$5,787$5,225$4,713$4,248$3,318
11 years$5,761$5,152$4,600$4,102$3,653$2,772
12 years$5,227$4,624$4,083$3,598$3,166$2,332
13 years$4,776$4,179$3,648$3,177$2,761$1,973
14 years$4,389$3,799$3,277$2,820$2,420$1,676
15 years$4,054$3,470$2,959$2,515$2,131$1,430
16 years$3,761$3,184$2,683$2,252$1,883$1,224
17 years$3,503$2,932$2,441$2,023$1,670$1,050
18 years$3,274$2,709$2,229$1,823$1,485$903
19 years$3,070$2,511$2,040$1,647$1,323$778
20 years$2,885$2,333$1,872$1,492$1,182$671
21 years$2,719$2,174$1,722$1,354$1,058$580
22 years$2,568$2,029$1,587$1,231$948$502
23 years$2,431$1,898$1,466$1,121$851$435
24 years$2,305$1,778$1,355$1,023$765$377
25 years$2,189$1,668$1,255$934$688$327
26 years$2,082$1,568$1,164$854$620$284
27 years$1,984$1,476$1,081$782$559$247
28 years$1,892$1,391$1,005$716$504$214
29 years$1,807$1,312$935$657$455$186
30 years$1,728$1,239$871$603$412$162
31 years$1,654$1,171$812$554$372$141
32 years$1,585$1,108$758$509$337$123
33 years$1,520$1,049$708$468$305$107
34 years$1,460$995$661$430$276$93
35 years$1,402$943$618$396$250$81
36 years$1,348$895$578$365$226$71
37 years$1,298$850$541$336$205$61
38 years$1,249$808$507$310$186$54
39 years$1,204$769$475$286$169$47
40 years$1,161$731$445$264$153$41
41 years$1,120$696$417$243$139$35
42 years$1,081$663$391$224$126$31
43 years$1,044$632$367$207$114$27
44 years$1,009$602$345$191$104$23
45 years$975$574$324$177$94$20
46 years$943$548$304$163$86$18
47 years$913$523$286$151$78$16
48 years$884$499$268$139$71$14
49 years$856$476$252$129$64$12
50 years$829$455$237$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $849,000, adding $3,418 every year, while hoping to spend $24,544 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: 53/28/19 Blend
69$849,000$849,000$849,000$849,000
70$939,124$894,127$880,967$983,857
71$1,008,800$911,824$884,365$1,032,615
72$1,084,760$929,566$887,054$1,082,781
73$1,167,620$947,329$888,984$1,136,835
74$1,258,056$965,088$890,104$1,195,156
75$1,356,814$982,813$890,359$1,258,160
76$1,464,714$1,000,476$889,691$1,326,306
77$1,582,659$1,018,043$888,040$1,400,100
78$1,711,644$1,035,481$885,343$1,480,100
79$1,852,763$1,052,751$881,533$1,566,922
80$2,007,221$1,069,813$876,542$1,661,245
81$2,176,348$1,086,623$870,295$1,763,817
82$2,361,603$1,103,136$862,718$1,875,462
83$2,564,597$1,119,300$853,730$1,997,092
84$2,787,104$1,135,063$843,248$2,129,709
85$3,031,075$1,150,368$831,183$2,274,420
86$3,298,661$1,165,152$817,444$2,432,445
87$3,592,231$1,179,351$801,934$2,605,129
88$3,914,393$1,192,895$784,555$2,793,957
89$4,268,023$1,205,708$765,199$3,000,564
90$4,656,286$1,217,712$743,757$3,226,755
91$5,082,668$1,228,821$720,114$3,474,518
92$5,551,011$1,238,945$694,149$3,746,047
93$6,065,548$1,247,987$665,737$4,043,761
94$6,630,941$1,255,844$634,746$4,370,327
95$7,252,324$1,262,408$601,037$4,728,685
96$7,935,357$1,267,562$564,468$5,122,079
97$8,686,273$1,271,182$524,887$5,554,083
98$9,511,940$1,273,137$482,138$6,028,638
99$10,419,925$1,273,288$436,057$6,550,092
100$11,418,564$1,271,486$386,471$7,123,236