Can I retire at age 70 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$71,431$70,795$70,174$69,568$68,976$68,171
2 years$35,362$34,703$34,065$33,446$32,846$32,035
3 years$23,340$22,679$22,042$21,429$20,839$20,048
4 years$17,331$16,671$16,041$15,439$14,862$14,098
5 years$13,726$13,071$12,449$11,858$11,298$10,562
6 years$11,324$10,673$10,060$9,483$8,940$8,232
7 years$9,608$8,963$8,360$7,797$7,270$6,592
8 years$8,322$7,683$7,090$6,540$6,032$5,383
9 years$7,323$6,690$6,107$5,571$5,079$4,460
10 years$6,524$5,897$5,324$4,802$4,328$3,737
11 years$5,870$5,249$4,687$4,179$3,722$3,159
12 years$5,326$4,712$4,160$3,666$3,226$2,690
13 years$4,866$4,258$3,716$3,236$2,813$2,304
14 years$4,472$3,870$3,339$2,873$2,466$1,984
15 years$4,131$3,536$3,015$2,562$2,171$1,714
16 years$3,832$3,244$2,733$2,294$1,919$1,487
17 years$3,569$2,987$2,487$2,061$1,701$1,293
18 years$3,336$2,761$2,271$1,858$1,513$1,127
19 years$3,127$2,558$2,079$1,679$1,348$985
20 years$2,940$2,377$1,908$1,520$1,204$862
21 years$2,770$2,214$1,755$1,380$1,078$756
22 years$2,617$2,067$1,617$1,254$966$663
23 years$2,476$1,933$1,493$1,142$867$583
24 years$2,348$1,811$1,381$1,042$779$513
25 years$2,230$1,700$1,279$952$701$452
26 years$2,121$1,598$1,186$870$632$398
27 years$2,021$1,504$1,102$796$570$351
28 years$1,928$1,417$1,024$730$514$310
29 years$1,841$1,337$953$669$464$274
30 years$1,761$1,262$888$614$419$242
31 years$1,686$1,193$828$564$379$214
32 years$1,615$1,129$772$518$343$189
33 years$1,549$1,069$721$477$310$167
34 years$1,487$1,013$674$439$281$148
35 years$1,429$961$630$404$255$131
36 years$1,374$912$589$372$231$116
37 years$1,322$866$551$343$209$102
38 years$1,273$823$516$316$189$91
39 years$1,227$783$484$291$172$80
40 years$1,183$745$453$269$156$71
41 years$1,141$709$425$248$141$63
42 years$1,101$675$399$229$128$56
43 years$1,064$644$374$211$116$49
44 years$1,028$613$351$195$106$44
45 years$994$585$330$180$96$39
46 years$961$558$310$166$87$34
47 years$930$533$291$154$79$30
48 years$900$508$274$142$72$27
49 years$872$485$257$131$65$24
50 years$845$464$242$121$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $865,000, adding $5,287 every year, while hoping to spend $31,430 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: 43/45/12 Blend
69$865,000$865,000$865,000$865,000
70$958,684$912,839$899,431$996,353
71$1,023,028$924,126$896,121$1,034,481
72$1,092,882$934,914$891,646$1,072,193
73$1,168,775$945,143$885,935$1,112,352
74$1,251,288$954,753$878,912$1,155,196
75$1,341,061$963,678$870,497$1,200,986
76$1,438,799$971,848$860,608$1,250,013
77$1,545,275$979,187$849,158$1,302,599
78$1,661,344$985,618$836,055$1,359,098
79$1,787,942$991,055$821,204$1,419,904
80$1,926,104$995,408$804,506$1,485,452
81$2,076,965$998,582$785,856$1,556,222
82$2,241,778$1,000,475$765,144$1,632,746
83$2,421,920$1,000,979$742,257$1,715,611
84$2,618,909$999,979$717,076$1,805,468
85$2,834,413$997,354$689,474$1,903,035
86$3,070,273$992,974$659,321$2,009,106
87$3,328,514$986,702$626,480$2,124,559
88$3,611,364$978,393$590,810$2,250,366
89$3,921,281$967,892$552,159$2,387,597
90$4,260,968$955,035$510,373$2,537,439
91$4,633,404$939,649$465,288$2,701,200
92$5,041,870$921,551$416,734$2,880,327
93$5,489,979$900,545$364,533$3,076,420
94$5,981,712$876,426$308,499$3,291,243
95$6,521,451$848,976$248,439$3,526,748
96$7,114,026$817,963$184,148$3,785,088
97$7,764,756$783,143$115,417$4,068,642
98$8,479,502$744,257$42,024$4,380,038
99$9,264,718$701,032$0$4,722,177
100$10,127,516$653,180$0$5,102,912