Can I retire at age 70 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$73,495$72,841$72,202$71,579$70,970$69,058
2 years$36,384$35,706$35,050$34,413$33,795$31,883
3 years$24,015$23,334$22,679$22,049$21,441$19,588
4 years$17,832$17,153$16,505$15,885$15,292$13,512
5 years$14,123$13,448$12,808$12,201$11,625$9,923
6 years$11,651$10,982$10,351$9,757$9,198$7,577
7 years$9,886$9,222$8,602$8,022$7,481$5,939
8 years$8,563$7,905$7,295$6,729$6,206$4,744
9 years$7,534$6,883$6,283$5,732$5,226$3,842
10 years$6,712$6,067$5,478$4,941$4,453$3,145
11 years$6,040$5,401$4,823$4,300$3,830$2,596
12 years$5,480$4,848$4,280$3,772$3,319$2,157
13 years$5,006$4,381$3,824$3,330$2,894$1,801
14 years$4,601$3,982$3,436$2,956$2,537$1,511
15 years$4,250$3,638$3,102$2,636$2,234$1,272
16 years$3,943$3,338$2,812$2,360$1,974$1,074
17 years$3,673$3,074$2,559$2,121$1,750$909
18 years$3,432$2,840$2,336$1,911$1,556$771
19 years$3,218$2,632$2,139$1,727$1,387$655
20 years$3,025$2,446$1,963$1,564$1,239$557
21 years$2,851$2,278$1,805$1,420$1,109$475
22 years$2,692$2,127$1,664$1,291$994$405
23 years$2,548$1,989$1,536$1,175$892$345
24 years$2,416$1,864$1,421$1,072$802$295
25 years$2,295$1,749$1,316$979$722$252
26 years$2,183$1,644$1,221$895$650$215
27 years$2,079$1,547$1,133$819$586$184
28 years$1,984$1,458$1,054$751$529$158
29 years$1,895$1,375$980$688$477$135
30 years$1,812$1,299$913$632$431$116
31 years$1,734$1,228$851$580$390$99
32 years$1,662$1,162$794$533$353$85
33 years$1,594$1,100$742$490$319$73
34 years$1,530$1,043$693$451$289$62
35 years$1,470$989$648$415$262$53
36 years$1,414$939$606$383$237$46
37 years$1,360$892$567$352$215$39
38 years$1,310$847$531$325$195$34
39 years$1,262$806$498$300$177$29
40 years$1,217$767$467$276$160$25
41 years$1,174$730$437$255$145$21
42 years$1,133$695$410$235$132$18
43 years$1,094$662$385$217$120$16
44 years$1,057$631$361$201$109$13
45 years$1,022$602$339$185$99$11
46 years$989$574$319$171$90$10
47 years$957$548$299$158$81$8
48 years$926$523$281$146$74$7
49 years$897$499$265$135$67$6
50 years$869$477$249$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $890,000, adding $4,539 every year, while hoping to spend $57,066 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: 60/12/28 Blend
69$890,000$890,000$890,000$890,000
70$985,462$938,292$924,497$1,036,873
71$1,025,261$923,551$894,750$1,057,725
72$1,067,208$906,174$862,094$1,073,968
73$1,111,460$885,973$826,370$1,090,498
74$1,158,190$862,748$787,416$1,107,355
75$1,207,588$836,285$745,057$1,124,589
76$1,259,860$806,360$699,114$1,142,254
77$1,315,229$772,736$649,398$1,160,416
78$1,373,943$735,160$595,713$1,179,148
79$1,436,269$693,367$537,853$1,198,536
80$1,502,501$647,075$475,604$1,218,675
81$1,572,960$595,986$408,741$1,239,676
82$1,647,998$539,785$337,030$1,261,664
83$1,728,000$478,140$260,226$1,284,782
84$1,813,387$410,700$178,075$1,309,190
85$1,904,621$337,093$90,309$1,335,069
86$2,002,208$256,927$0$1,362,625
87$2,106,704$169,787$0$1,393,091
88$2,218,717$75,235$0$1,454,583
89$2,338,915$0$0$1,520,475
90$2,468,030$0$0$1,594,779
91$2,606,868$0$0$1,685,410
92$2,756,310$0$0$1,783,016
93$2,917,327$0$0$1,888,238
94$3,090,984$0$0$2,001,778
95$3,278,450$0$0$2,124,408
96$3,481,013$0$0$2,256,978
97$3,700,083$0$0$2,400,421
98$3,937,215$0$0$2,555,761
99$4,194,116$0$0$2,724,126
100$4,472,662$0$0$2,906,757