Can I retire at age 70 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$72,339$71,695$71,066$70,453$69,853$69,067
2 years$35,812$35,145$34,498$33,871$33,264$32,471
3 years$23,637$22,967$22,323$21,702$21,104$20,331
4 years$17,551$16,883$16,245$15,635$15,051$14,304
5 years$13,901$13,237$12,607$12,009$11,442$10,722
6 years$11,468$10,809$10,188$9,604$9,054$8,362
7 years$9,730$9,077$8,466$7,896$7,363$6,700
8 years$8,428$7,781$7,180$6,624$6,108$5,474
9 years$7,416$6,775$6,184$5,642$5,144$4,538
10 years$6,606$5,972$5,392$4,863$4,383$3,805
11 years$5,945$5,316$4,747$4,233$3,770$3,219
12 years$5,394$4,771$4,213$3,713$3,267$2,742
13 years$4,928$4,312$3,764$3,278$2,849$2,351
14 years$4,529$3,919$3,382$2,909$2,497$2,025
15 years$4,183$3,581$3,053$2,595$2,199$1,751
16 years$3,881$3,285$2,768$2,323$1,943$1,519
17 years$3,615$3,025$2,519$2,087$1,723$1,322
18 years$3,378$2,796$2,299$1,881$1,532$1,154
19 years$3,167$2,591$2,105$1,700$1,365$1,009
20 years$2,977$2,408$1,932$1,540$1,220$884
21 years$2,806$2,243$1,777$1,397$1,091$775
22 years$2,650$2,093$1,638$1,270$978$681
23 years$2,508$1,958$1,512$1,157$878$599
24 years$2,378$1,834$1,399$1,055$789$528
25 years$2,258$1,722$1,295$964$710$465
26 years$2,148$1,618$1,201$881$640$410
27 years$2,047$1,523$1,116$807$577$362
28 years$1,952$1,435$1,037$739$520$320
29 years$1,865$1,354$965$678$470$283
30 years$1,783$1,278$899$622$425$250
31 years$1,707$1,208$838$571$384$221
32 years$1,636$1,143$782$525$347$195
33 years$1,569$1,083$730$483$314$173
34 years$1,506$1,026$682$444$285$153
35 years$1,447$973$638$409$258$136
36 years$1,391$924$597$377$234$120
37 years$1,339$878$558$347$212$106
38 years$1,289$834$523$320$192$94
39 years$1,242$793$490$295$174$84
40 years$1,198$754$459$272$158$74
41 years$1,155$718$431$251$143$66
42 years$1,115$684$404$232$130$58
43 years$1,077$652$379$214$118$52
44 years$1,041$621$356$197$107$46
45 years$1,006$592$334$182$97$41
46 years$973$565$314$168$88$36
47 years$942$539$295$156$80$32
48 years$912$515$277$144$73$28
49 years$883$492$260$133$66$25
50 years$855$470$245$123$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $876,000, adding $3,805 every year, while hoping to spend $30,882 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: 50/21/29 Blend
69$876,000$876,000$876,000$876,000
70$969,277$922,849$909,271$1,009,609
71$1,035,285$935,210$906,873$1,050,596
72$1,106,991$947,142$903,360$1,091,755
73$1,184,943$958,591$898,662$1,135,896
74$1,269,745$969,500$892,705$1,183,318
75$1,362,061$979,808$885,412$1,234,350
76$1,462,621$989,448$876,704$1,289,356
77$1,572,230$998,353$866,495$1,348,738
78$1,691,772$1,006,447$854,697$1,412,941
79$1,822,222$1,013,652$841,219$1,482,457
80$1,964,651$1,019,883$825,962$1,557,830
81$2,120,239$1,025,051$808,825$1,639,659
82$2,290,286$1,029,061$789,704$1,728,607
83$2,476,222$1,031,812$768,485$1,825,408
84$2,679,622$1,033,196$745,055$1,930,870
85$2,902,219$1,033,098$719,290$2,045,888
86$3,145,924$1,031,398$691,065$2,171,448
87$3,412,838$1,027,967$660,245$2,308,642
88$3,705,278$1,022,668$626,694$2,458,674
89$4,025,792$1,015,355$590,264$2,622,872
90$4,377,191$1,005,875$550,806$2,802,707
91$4,762,566$994,064$508,160$2,999,798
92$5,185,325$979,751$462,160$3,215,935
93$5,649,220$962,750$412,634$3,453,093
94$6,158,385$942,869$359,402$3,713,454
95$6,717,372$919,902$302,274$3,999,424
96$7,331,197$893,630$241,053$4,313,661
97$8,005,385$863,824$175,534$4,659,095
98$8,746,022$830,239$105,502$5,038,962
99$9,559,812$792,617$30,733$5,456,833
100$10,454,143$750,685$0$5,916,648