Can I retire at age 70 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$71,844$71,204$70,579$69,970$69,375$66,940
2 years$35,566$34,904$34,262$33,639$33,036$30,608
3 years$23,475$22,810$22,170$21,553$20,959$18,615
4 years$17,431$16,768$16,134$15,528$14,948$12,706
5 years$13,805$13,146$12,521$11,927$11,363$9,229
6 years$11,389$10,735$10,118$9,538$8,992$6,966
7 years$9,664$9,015$8,408$7,842$7,313$5,395
8 years$8,371$7,728$7,131$6,578$6,066$4,256
9 years$7,365$6,728$6,142$5,603$5,109$3,403
10 years$6,561$5,931$5,355$4,830$4,353$2,750
11 years$5,904$5,280$4,714$4,204$3,744$2,239
12 years$5,357$4,739$4,184$3,687$3,244$1,834
13 years$4,894$4,282$3,738$3,255$2,829$1,511
14 years$4,498$3,893$3,359$2,890$2,480$1,249
15 years$4,154$3,556$3,032$2,577$2,183$1,036
16 years$3,854$3,263$2,749$2,307$1,930$861
17 years$3,590$3,005$2,502$2,073$1,711$718
18 years$3,355$2,776$2,284$1,868$1,521$599
19 years$3,145$2,573$2,091$1,688$1,356$501
20 years$2,957$2,391$1,919$1,529$1,211$420
21 years$2,786$2,227$1,765$1,388$1,084$352
22 years$2,632$2,079$1,627$1,262$972$295
23 years$2,491$1,945$1,502$1,149$872$248
24 years$2,362$1,822$1,389$1,048$784$208
25 years$2,243$1,710$1,286$957$705$175
26 years$2,134$1,607$1,193$875$635$147
27 years$2,033$1,512$1,108$801$573$123
28 years$1,939$1,425$1,030$734$517$104
29 years$1,852$1,344$958$673$467$87
30 years$1,771$1,270$893$618$422$74
31 years$1,695$1,200$832$567$381$62
32 years$1,624$1,136$777$521$345$52
33 years$1,558$1,075$725$479$312$44
34 years$1,496$1,019$677$441$283$37
35 years$1,437$967$633$406$256$31
36 years$1,382$918$593$374$232$26
37 years$1,330$872$555$345$210$22
38 years$1,280$828$519$318$191$19
39 years$1,234$788$487$293$173$16
40 years$1,189$749$456$270$157$13
41 years$1,147$713$428$249$142$11
42 years$1,108$679$401$230$129$9
43 years$1,070$647$376$212$117$8
44 years$1,034$617$353$196$106$7
45 years$999$588$332$181$97$6
46 years$967$561$312$167$88$5
47 years$935$536$293$154$80$4
48 years$905$511$275$143$72$3
49 years$877$488$259$132$66$3
50 years$849$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $870,000, adding $4,106 every year, while hoping to spend $56,518 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: 24/47/29 Blend
69$870,000$870,000$870,000$870,000
70$962,975$916,865$903,380$977,244
71$1,001,064$901,657$873,509$974,550
72$1,041,144$883,809$840,742$966,639
73$1,083,357$863,133$804,924$956,986
74$1,127,862$839,428$765,891$945,486
75$1,174,826$812,483$723,471$932,027
76$1,224,437$782,073$677,486$916,496
77$1,276,896$747,961$627,748$898,771
78$1,332,424$709,895$574,062$878,730
79$1,391,262$667,611$516,224$856,244
80$1,453,674$620,828$454,021$831,181
81$1,519,948$569,248$387,230$803,403
82$1,590,399$512,557$315,619$772,771
83$1,665,372$450,424$238,944$739,138
84$1,745,243$382,499$156,952$702,356
85$1,830,427$308,410$69,379$662,273
86$1,921,375$227,766$0$618,732
87$2,018,583$140,155$0$579,024
88$2,122,596$45,140$0$558,934
89$2,234,008$0$0$536,899
90$2,353,474$0$0$542,714
91$2,481,711$0$0$574,119
92$2,619,505$0$0$607,972
93$2,767,722$0$0$644,500
94$2,927,309$0$0$683,951
95$3,099,308$0$0$726,598
96$3,284,864$0$0$772,741
97$3,485,233$0$0$822,710
98$3,701,797$0$0$876,866
99$3,936,075$0$0$935,609
100$4,189,734$0$0$999,376