Can I retire at age 70 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$73,413$72,759$72,121$71,498$70,890$70,296
2 years$36,343$35,666$35,010$34,374$33,757$33,159
3 years$23,988$23,308$22,654$22,024$21,417$20,832
4 years$17,812$17,134$16,486$15,867$15,275$14,708
5 years$14,107$13,433$12,794$12,187$11,612$11,065
6 years$11,638$10,969$10,339$9,746$9,188$8,662
7 years$9,875$9,212$8,592$8,013$7,472$6,968
8 years$8,553$7,896$7,287$6,722$6,199$5,715
9 years$7,526$6,875$6,276$5,726$5,220$4,758
10 years$6,705$6,060$5,472$4,935$4,448$4,006
11 years$6,033$5,395$4,817$4,295$3,825$3,403
12 years$5,474$4,842$4,275$3,768$3,315$2,913
13 years$5,001$4,376$3,820$3,326$2,891$2,508
14 years$4,596$3,978$3,432$2,953$2,534$2,170
15 years$4,245$3,634$3,099$2,633$2,231$1,886
16 years$3,939$3,334$2,809$2,358$1,972$1,644
17 years$3,668$3,070$2,556$2,118$1,748$1,438
18 years$3,429$2,837$2,334$1,909$1,555$1,261
19 years$3,214$2,629$2,136$1,725$1,386$1,108
20 years$3,021$2,443$1,961$1,562$1,238$976
21 years$2,847$2,276$1,803$1,418$1,108$860
22 years$2,689$2,124$1,662$1,289$993$760
23 years$2,545$1,987$1,535$1,174$891$672
24 years$2,413$1,862$1,419$1,071$801$595
25 years$2,292$1,747$1,315$978$721$527
26 years$2,180$1,642$1,219$894$649$468
27 years$2,077$1,545$1,132$819$585$415
28 years$1,981$1,456$1,052$750$528$369
29 years$1,892$1,374$979$688$477$328
30 years$1,810$1,297$912$631$431$291
31 years$1,732$1,226$850$580$390$259
32 years$1,660$1,160$793$533$352$231
33 years$1,592$1,099$741$490$319$205
34 years$1,528$1,042$692$451$289$183
35 years$1,468$988$647$415$262$163
36 years$1,412$938$605$382$237$145
37 years$1,359$891$567$352$215$129
38 years$1,308$846$531$325$195$115
39 years$1,261$805$497$299$177$103
40 years$1,215$766$466$276$160$92
41 years$1,173$729$437$255$145$82
42 years$1,132$694$410$235$132$73
43 years$1,093$661$385$217$120$65
44 years$1,056$630$361$200$109$58
45 years$1,021$601$339$185$99$52
46 years$988$573$318$171$90$46
47 years$956$547$299$158$81$41
48 years$925$522$281$146$74$37
49 years$896$499$264$135$67$33
50 years$868$477$248$125$61$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $889,000, adding $4,024 every year, while hoping to spend $59,577 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: 45/30/25 Blend
69$889,000$889,000$889,000$889,000
70$983,829$936,712$922,932$1,020,840
71$1,020,790$919,221$890,461$1,029,934
72$1,059,524$898,877$854,905$1,033,691
73$1,100,150$875,476$816,099$1,036,588
74$1,142,795$848,804$773,868$1,038,577
75$1,187,598$818,633$728,030$1,039,608
76$1,234,710$784,724$678,397$1,039,632
77$1,284,297$746,821$624,769$1,038,598
78$1,336,535$704,656$566,939$1,036,459
79$1,391,622$657,944$504,692$1,033,164
80$1,449,768$606,384$437,800$1,028,666
81$1,511,206$549,658$366,027$1,022,918
82$1,576,187$487,429$289,127$1,015,878
83$1,644,987$419,343$206,842$1,007,503
84$1,717,909$345,023$118,904$997,755
85$1,795,280$264,074$25,032$986,600
86$1,877,460$176,075$0$974,010
87$1,964,843$80,585$0$980,006
88$2,057,860$0$0$992,956
89$2,156,981$0$0$1,013,802
90$2,262,723$0$0$1,064,481
91$2,375,651$0$0$1,118,667
92$2,496,385$0$0$1,176,668
93$2,625,604$0$0$1,238,817
94$2,764,053$0$0$1,305,482
95$2,912,548$0$0$1,377,067
96$3,071,987$0$0$1,454,014
97$3,243,353$0$0$1,536,808
98$3,427,726$0$0$1,625,984
99$3,626,292$0$0$1,722,128
100$3,840,353$0$0$1,825,882