Can I retire at age 70 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$74,486$73,823$73,176$72,544$71,927$71,146
2 years$36,874$36,188$35,522$34,877$34,251$33,465
3 years$24,339$23,649$22,985$22,346$21,730$20,963
4 years$18,072$17,385$16,727$16,099$15,498$14,756
5 years$14,313$13,630$12,981$12,366$11,781$11,066
6 years$11,808$11,130$10,491$9,889$9,322$8,635
7 years$10,019$9,347$8,718$8,130$7,581$6,923
8 years$8,678$8,012$7,393$6,820$6,290$5,659
9 years$7,636$6,976$6,368$5,809$5,297$4,694
10 years$6,803$6,149$5,552$5,008$4,513$3,938
11 years$6,121$5,474$4,888$4,358$3,881$3,334
12 years$5,554$4,913$4,338$3,823$3,364$2,842
13 years$5,074$4,440$3,875$3,375$2,933$2,438
14 years$4,663$4,036$3,482$2,996$2,571$2,101
15 years$4,307$3,687$3,144$2,672$2,264$1,818
16 years$3,996$3,383$2,850$2,392$2,001$1,579
17 years$3,722$3,115$2,594$2,149$1,774$1,375
18 years$3,479$2,879$2,368$1,937$1,577$1,201
19 years$3,261$2,668$2,168$1,750$1,406$1,051
20 years$3,066$2,479$1,989$1,585$1,256$921
21 years$2,889$2,309$1,830$1,439$1,124$809
22 years$2,729$2,156$1,686$1,308$1,007$711
23 years$2,582$2,016$1,557$1,191$904$626
24 years$2,448$1,889$1,440$1,087$813$551
25 years$2,325$1,773$1,334$992$731$486
26 years$2,212$1,666$1,237$907$659$429
27 years$2,107$1,568$1,149$830$594$379
28 years$2,010$1,477$1,068$761$536$335
29 years$1,920$1,394$994$698$484$297
30 years$1,836$1,316$926$640$437$262
31 years$1,758$1,244$863$588$395$232
32 years$1,684$1,177$805$541$358$206
33 years$1,615$1,115$752$497$324$182
34 years$1,551$1,057$702$457$293$161
35 years$1,490$1,002$657$421$265$143
36 years$1,433$951$614$388$240$127
37 years$1,379$904$575$357$218$112
38 years$1,327$859$538$329$198$100
39 years$1,279$817$504$304$179$88
40 years$1,233$777$473$280$163$78
41 years$1,190$740$443$258$147$70
42 years$1,148$704$416$238$134$62
43 years$1,109$671$390$220$121$55
44 years$1,072$640$366$203$110$49
45 years$1,036$610$344$188$100$43
46 years$1,002$582$323$173$91$38
47 years$970$555$304$160$82$34
48 years$939$530$285$148$75$30
49 years$909$506$268$137$68$27
50 years$881$484$252$126$62$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $902,000, adding $5,430 every year, while hoping to spend $59,685 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$902,000$902,000$902,000$902,000
70$999,605$951,799$937,818$1,035,374
71$1,038,060$934,933$905,731$1,044,386
72$1,078,438$915,240$870,568$1,047,911
73$1,120,870$892,518$832,164$1,050,465
74$1,165,502$866,555$790,345$1,051,990
75$1,212,492$837,124$744,929$1,052,424
76$1,262,009$803,987$695,728$1,051,707
77$1,314,242$766,890$642,542$1,049,777
78$1,369,392$725,565$585,165$1,046,572
79$1,427,683$679,730$523,381$1,042,029
80$1,489,355$629,086$456,963$1,036,086
81$1,554,674$573,316$385,675$1,028,682
82$1,623,927$512,085$309,272$1,019,757
83$1,697,431$445,040$227,496$1,009,253
84$1,775,529$371,807$140,077$997,113
85$1,858,600$291,993$46,737$983,286
86$1,947,056$205,179$0$967,723
87$2,041,349$110,927$0$959,971
88$2,141,975$8,770$0$960,074
89$2,249,475$0$0$959,573
90$2,364,444$0$0$1,005,549
91$2,487,534$0$0$1,059,187
92$2,619,460$0$0$1,116,754
93$2,761,005$0$0$1,178,604
94$2,913,030$0$0$1,245,123
95$3,076,480$0$0$1,316,735
96$3,252,390$0$0$1,393,906
97$3,441,900$0$0$1,477,149
98$3,646,259$0$0$1,567,027
99$3,866,842$0$0$1,664,157
100$4,105,157$0$0$1,769,219