Can I retire at age 70 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$74,817$74,150$73,500$72,865$72,246$69,877
2 years$37,038$36,348$35,680$35,031$34,403$32,039
3 years$24,447$23,754$23,087$22,445$21,826$19,542
4 years$18,152$17,462$16,801$16,170$15,567$13,379
5 years$14,377$13,690$13,039$12,420$11,834$9,748
6 years$11,860$11,179$10,537$9,933$9,364$7,382
7 years$10,064$9,388$8,756$8,166$7,615$5,737
8 years$8,717$8,047$7,426$6,850$6,317$4,542
9 years$7,670$7,007$6,396$5,835$5,320$3,646
10 years$6,833$6,176$5,576$5,030$4,533$2,956
11 years$6,148$5,498$4,909$4,377$3,899$2,417
12 years$5,578$4,935$4,357$3,840$3,378$1,988
13 years$5,096$4,460$3,893$3,390$2,946$1,644
14 years$4,684$4,054$3,497$3,009$2,583$1,365
15 years$4,326$3,703$3,158$2,684$2,274$1,137
16 years$4,014$3,398$2,863$2,403$2,010$949
17 years$3,739$3,129$2,605$2,159$1,782$795
18 years$3,494$2,891$2,378$1,946$1,584$667
19 years$3,276$2,680$2,177$1,758$1,412$560
20 years$3,079$2,490$1,998$1,592$1,261$471
21 years$2,902$2,319$1,838$1,445$1,129$396
22 years$2,741$2,165$1,694$1,314$1,012$334
23 years$2,594$2,025$1,564$1,197$908$282
24 years$2,459$1,897$1,446$1,091$816$238
25 years$2,336$1,780$1,340$997$735$201
26 years$2,222$1,673$1,242$911$662$170
27 years$2,117$1,575$1,154$834$597$143
28 years$2,019$1,484$1,073$764$538$121
29 years$1,929$1,400$998$701$486$102
30 years$1,844$1,322$930$643$439$87
31 years$1,765$1,250$867$591$397$73
32 years$1,692$1,183$809$543$359$62
33 years$1,623$1,120$755$499$325$52
34 years$1,558$1,061$705$459$294$44
35 years$1,496$1,007$660$423$267$38
36 years$1,439$956$617$389$242$32
37 years$1,385$908$578$359$219$27
38 years$1,333$863$541$331$198$23
39 years$1,285$820$507$305$180$19
40 years$1,239$780$475$281$163$16
41 years$1,195$743$445$260$148$14
42 years$1,153$707$418$239$134$12
43 years$1,114$674$392$221$122$10
44 years$1,076$642$368$204$111$8
45 years$1,041$613$345$189$100$7
46 years$1,007$584$324$174$91$6
47 years$974$558$305$161$83$5
48 years$943$532$286$149$75$4
49 years$913$508$269$137$68$4
50 years$885$486$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $906,000, adding $2,470 every year, while hoping to spend $41,304 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: 64/11/25 Blend
69$906,000$906,000$906,000$906,000
70$1,000,960$952,942$938,899$1,058,303
71$1,059,111$955,689$926,405$1,100,080
72$1,121,808$957,186$912,108$1,140,888
73$1,189,473$957,329$895,904$1,184,553
74$1,262,567$956,006$877,685$1,231,361
75$1,341,598$953,098$857,335$1,281,627
76$1,427,122$948,481$834,737$1,335,697
77$1,519,753$942,021$809,766$1,393,959
78$1,620,165$933,578$782,290$1,456,836
79$1,729,099$923,000$752,174$1,524,799
80$1,847,370$910,130$719,275$1,598,368
81$1,975,874$894,799$683,443$1,678,117
82$2,115,599$876,830$644,524$1,764,682
83$2,267,628$856,033$602,353$1,858,763
84$2,433,156$832,208$556,762$1,961,137
85$2,613,495$805,144$507,571$2,072,658
86$2,810,093$774,617$454,596$2,194,273
87$3,024,539$740,389$397,641$2,327,026
88$3,258,584$702,211$336,505$2,472,072
89$3,514,157$659,817$270,975$2,630,685
90$3,793,379$612,926$200,830$2,804,271
91$4,098,586$561,241$125,841$2,994,386
92$4,432,350$504,451$45,765$3,202,744
93$4,797,503$442,222$0$3,431,239
94$5,197,163$374,205$0$3,692,551
95$5,634,763$300,030$0$3,992,116
96$6,114,084$219,307$0$4,320,334
97$6,639,290$131,622$0$4,680,094
98$7,214,966$36,541$0$5,074,580
99$7,846,163$0$0$5,507,299
100$8,538,443$0$0$5,990,155