Can I retire at age 70 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$72,504$71,859$71,228$70,613$70,013$68,910
2 years$35,893$35,225$34,577$33,949$33,340$32,231
3 years$23,691$23,020$22,374$21,751$21,152$20,073
4 years$17,591$16,922$16,282$15,671$15,086$14,044
5 years$13,932$13,267$12,636$12,037$11,468$10,466
6 years$11,494$10,834$10,212$9,626$9,074$8,114
7 years$9,753$9,098$8,486$7,914$7,380$6,462
8 years$8,447$7,799$7,197$6,639$6,122$5,246
9 years$7,433$6,790$6,198$5,655$5,156$4,321
10 years$6,622$5,985$5,404$4,874$4,393$3,598
11 years$5,958$5,328$4,758$4,242$3,778$3,023
12 years$5,406$4,782$4,222$3,721$3,274$2,558
13 years$4,939$4,322$3,772$3,285$2,855$2,177
14 years$4,539$3,928$3,389$2,916$2,503$1,861
15 years$4,193$3,589$3,060$2,601$2,204$1,598
16 years$3,890$3,293$2,775$2,329$1,948$1,376
17 years$3,623$3,032$2,525$2,092$1,727$1,188
18 years$3,386$2,802$2,305$1,886$1,535$1,028
19 years$3,174$2,597$2,110$1,704$1,369$892
20 years$2,984$2,413$1,936$1,543$1,222$775
21 years$2,812$2,248$1,781$1,400$1,094$674
22 years$2,656$2,098$1,642$1,273$981$588
23 years$2,514$1,962$1,516$1,160$880$512
24 years$2,383$1,839$1,402$1,058$791$447
25 years$2,264$1,725$1,298$966$712$391
26 years$2,153$1,622$1,204$883$641$342
27 years$2,051$1,526$1,118$808$578$299
28 years$1,957$1,438$1,039$741$522$262
29 years$1,869$1,357$967$679$471$229
30 years$1,787$1,281$901$623$426$201
31 years$1,711$1,211$840$572$385$176
32 years$1,639$1,146$784$526$348$154
33 years$1,572$1,085$732$484$315$135
34 years$1,509$1,029$684$445$285$119
35 years$1,450$976$639$410$258$104
36 years$1,394$926$598$377$234$91
37 years$1,342$880$560$348$212$80
38 years$1,292$836$524$321$192$70
39 years$1,245$795$491$296$174$62
40 years$1,200$756$460$273$158$54
41 years$1,158$720$432$251$144$48
42 years$1,118$686$405$232$130$42
43 years$1,080$653$380$214$118$37
44 years$1,043$623$357$198$107$32
45 years$1,009$594$335$183$97$28
46 years$975$566$314$169$88$25
47 years$944$541$295$156$80$22
48 years$914$516$278$144$73$19
49 years$885$493$261$133$66$17
50 years$857$471$245$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $878,000, adding $4,028 every year, while hoping to spend $46,700 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: 41/42/17 Blend
69$878,000$878,000$878,000$878,000
70$971,711$925,177$911,568$1,006,528
71$1,021,137$920,822$892,417$1,027,243
72$1,074,039$914,689$871,059$1,044,797
73$1,130,723$906,640$847,372$1,062,810
74$1,191,524$896,532$821,225$1,081,347
75$1,256,808$884,211$792,485$1,100,483
76$1,326,979$869,514$761,010$1,120,303
77$1,402,480$852,270$726,653$1,140,906
78$1,483,796$832,295$689,260$1,162,405
79$1,571,463$809,396$648,669$1,184,926
80$1,666,065$783,370$604,712$1,208,617
81$1,768,248$753,999$557,214$1,233,640
82$1,878,719$721,054$505,991$1,260,184
83$1,998,256$684,294$450,850$1,288,460
84$2,127,716$643,462$391,590$1,318,705
85$2,268,038$598,286$328,003$1,351,190
86$2,420,256$548,481$259,870$1,386,216
87$2,585,508$493,743$186,962$1,424,124
88$2,765,046$433,752$109,041$1,465,296
89$2,960,244$368,169$25,857$1,510,162
90$3,172,617$296,638$0$1,559,202
91$3,403,831$218,780$0$1,624,368
92$3,655,718$134,197$0$1,700,596
93$3,930,296$42,467$0$1,783,919
94$4,229,784$0$0$1,875,141
95$4,556,625$0$0$2,001,437
96$4,913,510$0$0$2,160,878
97$5,303,398$0$0$2,335,174
98$5,729,549$0$0$2,525,796
99$6,195,552$0$0$2,734,363
100$6,705,357$0$0$2,962,659