Can I retire at age 70 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$70,523$69,894$69,281$68,683$68,099$66,480
2 years$34,912$34,262$33,632$33,021$32,428$30,806
3 years$23,044$22,391$21,762$21,157$20,574$19,000
4 years$17,110$16,459$15,837$15,242$14,673$13,160
5 years$13,551$12,904$12,290$11,708$11,154$9,705
6 years$11,180$10,537$9,932$9,363$8,826$7,443
7 years$9,486$8,849$8,254$7,697$7,178$5,861
8 years$8,217$7,585$7,000$6,457$5,955$4,703
9 years$7,230$6,605$6,029$5,500$5,015$3,827
10 years$6,441$5,822$5,256$4,741$4,273$3,149
11 years$5,795$5,183$4,628$4,126$3,675$2,612
12 years$5,258$4,652$4,107$3,619$3,185$2,182
13 years$4,804$4,204$3,669$3,195$2,777$1,832
14 years$4,415$3,821$3,297$2,836$2,434$1,545
15 years$4,078$3,491$2,977$2,530$2,143$1,308
16 years$3,784$3,203$2,699$2,265$1,894$1,111
17 years$3,524$2,949$2,456$2,035$1,680$946
18 years$3,294$2,725$2,242$1,834$1,493$807
19 years$3,088$2,526$2,052$1,657$1,331$689
20 years$2,902$2,347$1,883$1,501$1,189$590
21 years$2,735$2,186$1,732$1,362$1,064$506
22 years$2,583$2,041$1,597$1,239$954$434
23 years$2,445$1,909$1,474$1,128$856$373
24 years$2,318$1,788$1,363$1,029$770$320
25 years$2,202$1,678$1,263$940$692$275
26 years$2,094$1,577$1,171$859$624$237
27 years$1,995$1,484$1,088$786$562$204
28 years$1,903$1,399$1,011$720$507$176
29 years$1,818$1,320$941$661$458$151
30 years$1,738$1,246$876$606$414$130
31 years$1,664$1,178$817$557$374$112
32 years$1,595$1,115$762$512$339$97
33 years$1,529$1,056$712$471$306$84
34 years$1,468$1,001$665$433$277$72
35 years$1,411$949$622$399$251$62
36 years$1,356$901$582$367$228$54
37 years$1,305$855$544$338$206$46
38 years$1,257$813$510$312$187$40
39 years$1,211$773$478$287$170$35
40 years$1,168$736$448$265$154$30
41 years$1,126$700$420$245$140$26
42 years$1,087$667$394$226$127$22
43 years$1,050$635$369$208$115$19
44 years$1,015$606$347$192$104$17
45 years$981$577$326$178$95$14
46 years$949$551$306$164$86$12
47 years$918$526$287$152$78$11
48 years$889$502$270$140$71$9
49 years$861$479$254$130$64$8
50 years$834$458$239$120$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $854,000, adding $3,636 every year, while hoping to spend $54,988 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: 51/41/8 Blend
69$854,000$854,000$854,000$854,000
70$944,859$899,597$886,360$990,941
71$982,727$885,170$857,546$1,008,293
72$1,022,616$868,194$825,924$1,020,933
73$1,064,672$848,484$791,341$1,033,375
74$1,109,057$825,848$753,640$1,045,614
75$1,155,946$800,080$712,652$1,057,647
76$1,205,532$770,964$668,205$1,069,474
77$1,258,023$738,268$620,117$1,081,098
78$1,313,649$701,750$568,199$1,092,528
79$1,372,658$661,154$512,251$1,103,778
80$1,435,325$616,206$452,067$1,114,867
81$1,501,947$566,619$387,430$1,125,821
82$1,572,852$512,089$318,115$1,136,675
83$1,648,397$452,295$243,886$1,147,473
84$1,728,973$386,898$164,496$1,158,267
85$1,815,010$315,537$79,688$1,169,125
86$1,906,978$237,836$0$1,180,124
87$2,005,391$153,392$0$1,192,284
88$2,110,816$61,783$0$1,212,111
89$2,223,872$0$0$1,232,952
90$2,345,239$0$0$1,271,878
91$2,475,663$0$0$1,343,724
92$2,615,963$0$0$1,421,074
93$2,767,039$0$0$1,504,434
94$2,929,878$0$0$1,594,356
95$3,105,566$0$0$1,691,449
96$3,295,295$0$0$1,796,381
97$3,500,374$0$0$1,909,887
98$3,722,244$0$0$2,032,774
99$3,962,486$0$0$2,165,931
100$4,222,842$0$0$2,310,332