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%13%
1 years$74,817$74,150$73,500$72,865$72,246$71,343
2 years$37,038$36,348$35,680$35,031$34,403$33,494
3 years$24,447$23,754$23,087$22,445$21,826$20,941
4 years$18,152$17,462$16,801$16,170$15,567$14,710
5 years$14,377$13,690$13,039$12,420$11,834$11,009
6 years$11,860$11,179$10,537$9,933$9,364$8,572
7 years$10,064$9,388$8,756$8,166$7,615$6,857
8 years$8,717$8,047$7,426$6,850$6,317$5,592
9 years$7,670$7,007$6,396$5,835$5,320$4,628
10 years$6,833$6,176$5,576$5,030$4,533$3,873
11 years$6,148$5,498$4,909$4,377$3,899$3,270
12 years$5,578$4,935$4,357$3,840$3,378$2,781
13 years$5,096$4,460$3,893$3,390$2,946$2,379
14 years$4,684$4,054$3,497$3,009$2,583$2,045
15 years$4,326$3,703$3,158$2,684$2,274$1,765
16 years$4,014$3,398$2,863$2,403$2,010$1,529
17 years$3,739$3,129$2,605$2,159$1,782$1,328
18 years$3,494$2,891$2,378$1,946$1,584$1,156
19 years$3,276$2,680$2,177$1,758$1,412$1,008
20 years$3,079$2,490$1,998$1,592$1,261$881
21 years$2,902$2,319$1,838$1,445$1,129$772
22 years$2,741$2,165$1,694$1,314$1,012$676
23 years$2,594$2,025$1,564$1,197$908$594
24 years$2,459$1,897$1,446$1,091$816$521
25 years$2,336$1,780$1,340$997$735$458
26 years$2,222$1,673$1,242$911$662$403
27 years$2,117$1,575$1,154$834$597$355
28 years$2,019$1,484$1,073$764$538$313
29 years$1,929$1,400$998$701$486$276
30 years$1,844$1,322$930$643$439$243
31 years$1,765$1,250$867$591$397$215
32 years$1,692$1,183$809$543$359$189
33 years$1,623$1,120$755$499$325$167
34 years$1,558$1,061$705$459$294$148
35 years$1,496$1,007$660$423$267$131
36 years$1,439$956$617$389$242$115
37 years$1,385$908$578$359$219$102
38 years$1,333$863$541$331$198$90
39 years$1,285$820$507$305$180$80
40 years$1,239$780$475$281$163$70
41 years$1,195$743$445$260$148$62
42 years$1,153$707$418$239$134$55
43 years$1,114$674$392$221$122$49
44 years$1,076$642$368$204$111$43
45 years$1,041$613$345$189$100$38
46 years$1,007$584$324$174$91$34
47 years$974$558$305$161$83$30
48 years$943$532$286$149$75$26
49 years$913$508$269$137$68$23
50 years$885$486$253$127$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $906,000, adding $2,273 every year, while hoping to spend $49,469 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: 69/12/19 Blend
69$906,000$906,000$906,000$906,000
70$1,000,757$952,739$938,696$1,065,019
71$1,050,199$946,788$917,507$1,102,247
72$1,103,027$938,888$893,951$1,136,933
73$1,159,533$928,891$867,896$1,173,666
74$1,220,038$916,640$839,203$1,212,642
75$1,284,895$901,968$807,730$1,254,082
76$1,354,491$884,701$773,325$1,298,227
77$1,429,250$864,652$735,832$1,345,345
78$1,509,636$841,623$695,086$1,395,735
79$1,596,162$815,406$650,914$1,449,724
80$1,689,389$785,779$603,138$1,507,676
81$1,789,934$752,509$551,570$1,569,995
82$1,898,473$715,347$496,013$1,637,125
83$2,015,750$674,033$436,263$1,709,560
84$2,142,585$628,289$372,106$1,787,845
85$2,279,875$577,822$303,318$1,872,582
86$2,428,610$522,322$229,667$1,964,440
87$2,589,875$461,463$150,908$2,064,154
88$2,764,866$394,899$66,787$2,172,542
89$2,954,898$322,263$0$2,290,503
90$3,161,414$243,172$0$2,423,695
91$3,386,007$157,216$0$2,583,311
92$3,630,426$63,965$0$2,757,072
93$3,896,594$0$0$2,946,386
94$4,186,632$0$0$3,157,693
95$4,502,870$0$0$3,397,343
96$4,847,875$0$0$3,658,841
97$5,224,469$0$0$3,944,334
98$5,635,763$0$0$4,256,183
99$6,085,179$0$0$4,596,992
100$6,576,483$0$0$4,969,623