Can I retire at age 70 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$75,064$74,396$73,743$73,107$72,485$70,906
2 years$37,161$36,468$35,798$35,147$34,517$32,933
3 years$24,528$23,833$23,164$22,519$21,899$20,361
4 years$18,212$17,519$16,857$16,224$15,618$14,138
5 years$14,424$13,735$13,082$12,462$11,873$10,454
6 years$11,900$11,216$10,572$9,966$9,395$8,039
7 years$10,097$9,419$8,785$8,193$7,640$6,348
8 years$8,746$8,074$7,451$6,873$6,338$5,109
9 years$7,695$7,030$6,417$5,854$5,338$4,170
10 years$6,855$6,196$5,595$5,047$4,548$3,441
11 years$6,169$5,516$4,926$4,392$3,912$2,864
12 years$5,597$4,951$4,371$3,852$3,390$2,400
13 years$5,113$4,474$3,905$3,401$2,956$2,022
14 years$4,699$4,067$3,509$3,019$2,591$1,712
15 years$4,341$3,715$3,168$2,692$2,281$1,454
16 years$4,027$3,409$2,872$2,411$2,016$1,239
17 years$3,751$3,139$2,614$2,166$1,788$1,059
18 years$3,506$2,901$2,386$1,952$1,590$906
19 years$3,286$2,689$2,184$1,764$1,417$777
20 years$3,089$2,498$2,005$1,598$1,266$668
21 years$2,911$2,327$1,844$1,450$1,133$575
22 years$2,750$2,172$1,699$1,318$1,015$495
23 years$2,602$2,032$1,569$1,201$911$427
24 years$2,467$1,904$1,451$1,095$819$368
25 years$2,344$1,786$1,344$1,000$737$318
26 years$2,229$1,679$1,247$914$664$275
27 years$2,124$1,580$1,158$837$599$237
28 years$2,026$1,489$1,076$767$540$205
29 years$1,935$1,405$1,001$703$488$178
30 years$1,850$1,326$933$645$441$154
31 years$1,771$1,254$870$593$398$133
32 years$1,697$1,187$811$545$360$115
33 years$1,628$1,124$758$501$326$100
34 years$1,563$1,065$708$461$295$86
35 years$1,501$1,010$662$424$267$75
36 years$1,444$959$619$391$242$65
37 years$1,389$911$579$360$220$56
38 years$1,338$865$543$332$199$49
39 years$1,289$823$508$306$181$42
40 years$1,243$783$476$282$164$37
41 years$1,199$745$447$260$149$32
42 years$1,157$710$419$240$135$28
43 years$1,118$676$393$222$122$24
44 years$1,080$645$369$205$111$21
45 years$1,044$615$347$189$101$18
46 years$1,010$586$326$175$92$16
47 years$977$560$306$161$83$13
48 years$946$534$287$149$75$12
49 years$916$510$270$138$69$10
50 years$888$487$254$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $909,000, adding $2,450 every year, while hoping to spend $55,552 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: 71/5/24 Blend
69$909,000$909,000$909,000$909,000
70$1,004,245$956,068$941,979$1,069,326
71$1,047,571$943,809$914,428$1,100,859
72$1,093,455$929,086$884,093$1,128,617
73$1,142,098$911,722$850,820$1,157,672
74$1,193,722$891,527$814,453$1,188,147
75$1,248,567$868,298$774,823$1,220,181
76$1,306,900$841,823$731,758$1,253,926
77$1,369,008$811,876$685,076$1,289,551
78$1,435,208$778,220$634,588$1,327,245
79$1,505,848$740,601$580,095$1,367,218
80$1,581,307$698,753$521,391$1,409,700
81$1,662,001$652,393$458,258$1,454,950
82$1,748,387$601,222$390,472$1,503,253
83$1,840,966$544,925$317,796$1,554,926
84$1,940,286$483,168$239,984$1,610,320
85$2,046,950$415,598$156,778$1,669,825
86$2,161,620$341,844$67,912$1,733,873
87$2,285,022$261,511$0$1,802,941
88$2,417,953$174,183$0$1,884,454
89$2,561,288$79,422$0$1,991,111
90$2,715,989$0$0$2,106,231
91$2,883,114$0$0$2,231,892
92$3,063,823$0$0$2,372,529
93$3,259,393$0$0$2,524,771
94$3,471,228$0$0$2,689,713
95$3,700,871$0$0$2,868,563
96$3,950,017$0$0$3,062,648
97$4,220,534$0$0$3,273,426
98$4,514,474$0$0$3,502,503
99$4,834,094$0$0$3,751,644
100$5,181,878$0$0$4,022,792