Can I retire at age 70 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$74,321$73,659$73,013$72,383$71,767$70,462
2 years$36,793$36,107$35,443$34,799$34,175$32,865
3 years$24,285$23,597$22,934$22,296$21,682$20,408
4 years$18,032$17,346$16,690$16,063$15,464$14,235
5 years$14,281$13,599$12,952$12,338$11,755$10,576
6 years$11,782$11,105$10,467$9,867$9,302$8,172
7 years$9,997$9,326$8,698$8,112$7,565$6,486
8 years$8,659$7,994$7,377$6,805$6,276$5,247
9 years$7,619$6,960$6,354$5,796$5,285$4,307
10 years$6,787$6,135$5,539$4,997$4,503$3,574
11 years$6,108$5,462$4,877$4,348$3,873$2,991
12 years$5,541$4,902$4,328$3,814$3,356$2,521
13 years$5,063$4,430$3,867$3,367$2,927$2,137
14 years$4,653$4,027$3,474$2,989$2,565$1,820
15 years$4,298$3,679$3,137$2,666$2,259$1,556
16 years$3,987$3,375$2,844$2,387$1,996$1,334
17 years$3,714$3,108$2,588$2,145$1,770$1,147
18 years$3,471$2,872$2,362$1,933$1,574$989
19 years$3,254$2,662$2,163$1,746$1,403$854
20 years$3,059$2,474$1,985$1,582$1,253$738
21 years$2,883$2,304$1,826$1,436$1,121$640
22 years$2,722$2,151$1,683$1,305$1,005$555
23 years$2,577$2,012$1,554$1,189$902$482
24 years$2,443$1,885$1,437$1,084$811$418
25 years$2,320$1,769$1,331$990$730$364
26 years$2,207$1,662$1,234$905$657$317
27 years$2,103$1,564$1,146$829$593$276
28 years$2,006$1,474$1,065$759$535$240
29 years$1,916$1,391$991$696$483$209
30 years$1,832$1,313$924$639$436$183
31 years$1,754$1,242$861$587$394$159
32 years$1,680$1,175$803$539$357$139
33 years$1,612$1,113$750$496$323$121
34 years$1,547$1,054$701$456$292$106
35 years$1,487$1,000$655$420$265$92
36 years$1,429$949$613$387$240$81
37 years$1,375$902$574$356$217$70
38 years$1,324$857$537$329$197$61
39 years$1,276$815$503$303$179$54
40 years$1,230$775$472$279$162$47
41 years$1,187$738$442$258$147$41
42 years$1,146$703$415$238$133$36
43 years$1,107$670$389$220$121$31
44 years$1,069$638$366$203$110$27
45 years$1,034$609$343$187$100$24
46 years$1,000$581$322$173$91$21
47 years$968$554$303$160$82$18
48 years$937$529$285$148$75$16
49 years$907$505$267$136$68$14
50 years$879$482$251$126$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $900,000, adding $6,490 every year, while hoping to spend $38,783 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: 81/8/11 Blend
69$900,000$900,000$900,000$900,000
70$998,494$950,794$936,844$1,076,968
71$1,059,076$956,119$926,964$1,134,695
72$1,124,537$960,404$915,453$1,192,295
73$1,195,335$963,558$902,215$1,254,371
74$1,271,970$965,484$887,151$1,321,351
75$1,354,996$966,078$870,155$1,393,708
76$1,445,019$965,229$851,119$1,471,962
77$1,542,707$962,821$829,927$1,556,685
78$1,648,793$958,729$806,459$1,648,510
79$1,764,084$952,821$780,590$1,748,131
80$1,889,470$944,958$752,189$1,856,314
81$2,025,926$934,992$721,118$1,973,904
82$2,174,529$922,765$687,234$2,101,831
83$2,336,461$908,110$650,386$2,241,121
84$2,513,024$890,851$610,417$2,392,903
85$2,705,651$870,802$567,165$2,558,421
86$2,915,919$847,763$520,457$2,739,048
87$3,145,565$821,525$470,115$2,936,297
88$3,396,500$791,867$415,951$3,151,832
89$3,670,828$758,554$357,770$3,387,492
90$3,970,865$721,336$295,368$3,645,299
91$4,299,164$679,952$228,533$3,927,485
92$4,658,531$634,123$157,042$4,236,508
93$5,052,062$583,555$80,663$4,575,079
94$5,483,160$527,937$0$4,946,185
95$5,955,578$466,942$0$5,353,216
96$6,473,447$400,221$0$5,809,813
97$7,041,315$327,409$0$6,310,527
98$7,664,195$248,118$0$6,859,799
99$8,347,606$161,938$0$7,462,523
100$9,097,627$68,438$0$8,124,087