Can I retire at age 70 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$70,688$70,058$69,444$68,844$68,259$67,322
2 years$34,994$34,342$33,711$33,098$32,504$31,562
3 years$23,098$22,443$21,813$21,206$20,622$19,704
4 years$17,151$16,498$15,874$15,278$14,708$13,821
5 years$13,583$12,935$12,319$11,735$11,181$10,327
6 years$11,206$10,562$9,956$9,385$8,847$8,028
7 years$9,508$8,870$8,273$7,716$7,195$6,411
8 years$8,236$7,603$7,016$6,472$5,969$5,220
9 years$7,247$6,620$6,043$5,513$5,027$4,312
10 years$6,456$5,835$5,269$4,752$4,283$3,602
11 years$5,809$5,195$4,638$4,136$3,683$3,036
12 years$5,270$4,663$4,116$3,628$3,192$2,577
13 years$4,815$4,214$3,678$3,203$2,783$2,200
14 years$4,425$3,830$3,304$2,843$2,440$1,887
15 years$4,088$3,499$2,983$2,535$2,148$1,626
16 years$3,792$3,210$2,705$2,270$1,899$1,405
17 years$3,532$2,956$2,461$2,040$1,684$1,218
18 years$3,301$2,732$2,247$1,838$1,497$1,058
19 years$3,095$2,532$2,057$1,661$1,334$921
20 years$2,909$2,353$1,888$1,504$1,192$803
21 years$2,742$2,191$1,736$1,365$1,066$701
22 years$2,589$2,046$1,600$1,241$956$613
23 years$2,451$1,913$1,478$1,131$858$537
24 years$2,324$1,793$1,367$1,031$771$471
25 years$2,207$1,682$1,266$942$694$413
26 years$2,099$1,581$1,174$861$625$362
27 years$2,000$1,488$1,090$788$564$318
28 years$1,908$1,402$1,013$722$509$280
29 years$1,822$1,323$943$662$459$246
30 years$1,742$1,249$878$608$415$217
31 years$1,668$1,181$819$558$375$191
32 years$1,598$1,117$764$513$339$168
33 years$1,533$1,058$713$472$307$148
34 years$1,472$1,003$667$434$278$130
35 years$1,414$951$623$400$252$115
36 years$1,360$903$583$368$228$101
37 years$1,308$857$546$339$207$89
38 years$1,260$815$511$312$188$79
39 years$1,214$775$479$288$170$69
40 years$1,170$737$449$266$154$61
41 years$1,129$702$421$245$140$54
42 years$1,090$668$395$226$127$47
43 years$1,053$637$370$209$115$42
44 years$1,017$607$348$193$105$37
45 years$983$579$326$178$95$33
46 years$951$552$307$165$86$29
47 years$920$527$288$152$78$25
48 years$891$503$271$140$71$22
49 years$863$480$254$130$65$20
50 years$836$459$239$120$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $856,000, adding $4,342 every year, while hoping to spend $37,997 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: 71/12/17 Blend
69$856,000$856,000$856,000$856,000
70$947,791$902,423$889,155$1,011,011
71$1,004,037$906,213$878,513$1,057,399
72$1,064,747$908,915$866,241$1,103,190
73$1,130,335$910,437$852,245$1,152,351
74$1,201,259$910,677$836,424$1,205,207
75$1,278,019$909,532$818,676$1,262,121
76$1,361,167$906,889$798,892$1,323,490
77$1,451,309$902,630$776,957$1,389,754
78$1,549,111$896,628$752,754$1,461,397
79$1,655,307$888,749$726,158$1,538,956
80$1,770,703$878,852$697,039$1,623,019
81$1,896,186$866,787$665,261$1,714,238
82$2,032,731$852,394$630,682$1,813,333
83$2,181,413$835,505$593,153$1,921,095
84$2,343,412$815,940$552,519$2,038,400
85$2,520,030$793,510$508,618$2,166,213
86$2,712,697$768,016$461,280$2,305,598
87$2,922,988$739,245$410,329$2,457,731
88$3,152,637$706,972$355,579$2,623,906
89$3,403,552$670,960$296,837$2,805,555
90$3,677,835$630,958$233,902$3,004,254
91$3,977,799$586,700$166,563$3,221,742
92$4,305,992$537,905$94,600$3,459,940
93$4,665,218$484,277$17,784$3,720,964
94$5,058,565$425,502$0$4,007,148
95$5,489,435$361,248$0$4,332,714
96$5,961,573$291,164$0$4,693,056
97$6,479,103$214,881$0$5,088,126
98$7,046,570$132,008$0$5,521,429
99$7,668,975$42,132$0$5,996,828
100$8,351,832$0$0$6,518,581