Can I retire at age 70 with 898,000?

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 $898,000?

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$74,156$73,495$72,851$72,222$71,608$70,480
2 years$36,711$36,027$35,365$34,722$34,099$32,965
3 years$24,231$23,544$22,883$22,247$21,634$20,530
4 years$17,992$17,307$16,653$16,028$15,429$14,364
5 years$14,250$13,569$12,924$12,311$11,729$10,705
6 years$11,756$11,080$10,444$9,845$9,281$8,299
7 years$9,975$9,305$8,679$8,094$7,548$6,609
8 years$8,640$7,976$7,361$6,790$6,262$5,365
9 years$7,602$6,945$6,340$5,784$5,273$4,419
10 years$6,772$6,122$5,527$4,985$4,493$3,680
11 years$6,094$5,450$4,866$4,339$3,864$3,092
12 years$5,529$4,891$4,318$3,806$3,349$2,616
13 years$5,051$4,420$3,858$3,360$2,920$2,226
14 years$4,642$4,018$3,467$2,983$2,560$1,904
15 years$4,288$3,670$3,130$2,660$2,254$1,634
16 years$3,978$3,368$2,838$2,382$1,992$1,407
17 years$3,706$3,101$2,582$2,140$1,766$1,215
18 years$3,463$2,866$2,357$1,928$1,570$1,052
19 years$3,247$2,656$2,158$1,743$1,400$912
20 years$3,052$2,468$1,980$1,578$1,250$793
21 years$2,876$2,299$1,822$1,432$1,119$690
22 years$2,716$2,146$1,679$1,302$1,003$601
23 years$2,571$2,007$1,550$1,186$900$524
24 years$2,438$1,881$1,434$1,082$809$458
25 years$2,315$1,765$1,328$988$728$400
26 years$2,202$1,659$1,231$903$656$350
27 years$2,098$1,561$1,144$827$591$306
28 years$2,001$1,471$1,063$758$534$268
29 years$1,912$1,388$989$695$482$235
30 years$1,828$1,310$921$638$435$205
31 years$1,750$1,239$859$586$394$180
32 years$1,677$1,172$802$538$356$158
33 years$1,608$1,110$748$495$322$138
34 years$1,544$1,052$699$455$292$121
35 years$1,483$998$654$419$264$107
36 years$1,426$947$612$386$239$94
37 years$1,372$900$572$356$217$82
38 years$1,322$855$536$328$197$72
39 years$1,273$813$502$302$178$63
40 years$1,228$773$471$279$162$56
41 years$1,184$736$441$257$147$49
42 years$1,143$701$414$237$133$43
43 years$1,104$668$389$219$121$38
44 years$1,067$637$365$202$110$33
45 years$1,031$607$342$187$100$29
46 years$998$579$322$173$90$25
47 years$965$553$302$159$82$22
48 years$935$528$284$147$75$20
49 years$905$504$267$136$68$17
50 years$877$481$251$126$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $898,000, adding $2,389 every year, while hoping to spend $28,471 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: 54/20/26 Blend
69$898,000$898,000$898,000$898,000
70$992,060$944,466$930,547$1,038,370
71$1,062,957$960,452$931,428$1,086,561
72$1,140,132$976,267$931,383$1,135,862
73$1,224,194$991,873$930,353$1,188,955
74$1,315,815$1,007,228$928,273$1,246,215
75$1,415,734$1,022,288$925,077$1,308,052
76$1,524,765$1,037,006$920,692$1,374,923
77$1,643,802$1,051,331$915,047$1,447,331
78$1,773,832$1,065,208$908,063$1,525,828
79$1,915,940$1,078,580$899,660$1,611,028
80$2,071,319$1,091,383$889,752$1,703,605
81$2,241,286$1,103,553$878,251$1,804,304
82$2,427,288$1,115,018$865,063$1,913,948
83$2,630,920$1,125,703$850,091$2,033,442
84$2,853,938$1,135,527$833,233$2,163,789
85$3,098,275$1,144,403$814,383$2,306,092
86$3,366,062$1,152,242$793,428$2,461,569
87$3,659,644$1,158,946$770,251$2,631,564
88$3,981,604$1,164,410$744,731$2,817,560
89$4,334,788$1,168,526$716,739$3,021,193
90$4,722,328$1,171,176$686,142$3,244,267
91$5,147,677$1,172,235$652,799$3,488,774
92$5,614,638$1,171,572$616,565$3,756,908
93$6,127,398$1,169,047$577,288$4,051,091
94$6,690,572$1,164,509$534,806$4,373,997
95$7,309,242$1,157,802$488,954$4,728,570
96$7,989,008$1,148,758$439,557$5,118,062
97$8,736,039$1,137,198$386,434$5,546,058
98$9,557,129$1,122,935$329,393$6,016,509
99$10,459,765$1,105,768$268,238$6,533,778
100$11,452,197$1,085,487$202,759$7,102,672