Can I retire at age 70 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$71,101$70,467$69,849$69,246$68,657$67,299
2 years$35,198$34,543$33,907$33,291$32,694$31,331
3 years$23,232$22,574$21,940$21,330$20,742$19,417
4 years$17,251$16,594$15,967$15,367$14,794$13,517
5 years$13,663$13,010$12,391$11,803$11,246$10,021
6 years$11,271$10,624$10,014$9,439$8,898$7,727
7 years$9,564$8,922$8,322$7,761$7,237$6,119
8 years$8,284$7,648$7,057$6,510$6,004$4,939
9 years$7,289$6,659$6,078$5,545$5,056$4,044
10 years$6,493$5,869$5,299$4,780$4,308$3,347
11 years$5,843$5,225$4,665$4,160$3,705$2,795
12 years$5,301$4,690$4,140$3,649$3,211$2,349
13 years$4,843$4,238$3,699$3,221$2,800$1,986
14 years$4,451$3,852$3,324$2,860$2,454$1,687
15 years$4,111$3,519$3,001$2,550$2,161$1,438
16 years$3,815$3,229$2,721$2,284$1,910$1,230
17 years$3,553$2,974$2,476$2,052$1,693$1,054
18 years$3,321$2,748$2,260$1,849$1,506$906
19 years$3,113$2,547$2,069$1,671$1,342$780
20 years$2,926$2,366$1,899$1,513$1,199$673
21 years$2,758$2,204$1,747$1,373$1,073$581
22 years$2,605$2,058$1,610$1,249$962$502
23 years$2,465$1,924$1,486$1,137$863$435
24 years$2,337$1,803$1,375$1,037$776$377
25 years$2,220$1,692$1,273$947$698$326
26 years$2,112$1,590$1,181$866$629$283
27 years$2,012$1,497$1,096$793$567$246
28 years$1,919$1,410$1,019$726$512$213
29 years$1,833$1,330$949$666$462$185
30 years$1,753$1,256$884$611$417$161
31 years$1,678$1,188$824$561$377$140
32 years$1,608$1,124$769$516$341$122
33 years$1,542$1,064$718$474$309$106
34 years$1,480$1,009$670$437$280$92
35 years$1,422$957$627$402$253$80
36 years$1,367$908$586$370$230$70
37 years$1,316$862$549$341$208$61
38 years$1,267$820$514$314$189$53
39 years$1,221$779$482$290$171$46
40 years$1,177$742$451$267$155$40
41 years$1,136$706$423$247$141$35
42 years$1,096$672$397$228$128$30
43 years$1,059$641$373$210$116$26
44 years$1,023$611$350$194$105$23
45 years$989$582$328$179$96$20
46 years$957$555$308$165$87$17
47 years$926$530$290$153$79$15
48 years$896$506$272$141$72$13
49 years$868$483$256$131$65$12
50 years$841$462$241$121$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $861,000, adding $5,029 every year, while hoping to spend $54,949 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: 33/37/30 Blend
69$861,000$861,000$861,000$861,000
70$954,009$908,376$895,031$976,687
71$992,853$894,422$866,549$980,502
72$1,033,817$877,941$835,272$979,419
73$1,077,060$858,754$801,047$977,203
74$1,122,754$836,667$763,715$973,794
75$1,171,087$811,476$723,113$969,130
76$1,222,266$782,966$679,065$963,148
77$1,276,514$750,908$631,390$955,785
78$1,334,077$715,062$579,901$946,978
79$1,395,224$675,170$524,398$936,664
80$1,460,247$630,964$464,676$924,782
81$1,529,468$582,157$400,518$911,270
82$1,603,238$528,447$331,700$896,069
83$1,681,943$469,515$257,986$879,122
84$1,766,003$405,023$179,130$860,376
85$1,855,881$334,615$94,877$839,782
86$1,952,083$257,914$4,958$817,293
87$2,055,166$174,522$0$792,872
88$2,165,738$84,019$0$795,616
89$2,284,469$0$0$799,960
90$2,412,091$0$0$810,115
91$2,549,411$0$0$857,940
92$2,697,313$0$0$909,547
93$2,856,769$0$0$965,287
94$3,028,845$0$0$1,025,546
95$3,214,715$0$0$1,090,748
96$3,415,667$0$0$1,161,359
97$3,633,117$0$0$1,237,892
98$3,868,623$0$0$1,320,911
99$4,123,895$0$0$1,411,036
100$4,400,816$0$0$1,508,948