Can I retire at age 70 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$75,147$74,478$73,825$73,187$72,565$71,867
2 years$37,201$36,509$35,837$35,186$34,555$33,851
3 years$24,555$23,859$23,189$22,544$21,923$21,236
4 years$18,232$17,539$16,876$16,242$15,636$14,971
5 years$14,440$13,751$13,096$12,475$11,886$11,245
6 years$11,913$11,228$10,584$9,977$9,405$8,789
7 years$10,108$9,430$8,795$8,202$7,649$7,058
8 years$8,755$8,083$7,459$6,881$6,345$5,779
9 years$7,704$7,038$6,424$5,861$5,344$4,802
10 years$6,863$6,203$5,601$5,052$4,553$4,036
11 years$6,175$5,522$4,931$4,397$3,916$3,423
12 years$5,603$4,957$4,376$3,857$3,393$2,924
13 years$5,119$4,479$3,910$3,405$2,959$2,513
14 years$4,704$4,072$3,513$3,022$2,594$2,170
15 years$4,345$3,719$3,172$2,695$2,284$1,882
16 years$4,032$3,413$2,876$2,413$2,019$1,637
17 years$3,755$3,143$2,617$2,168$1,790$1,429
18 years$3,510$2,904$2,389$1,954$1,591$1,250
19 years$3,290$2,692$2,187$1,766$1,418$1,096
20 years$3,093$2,501$2,007$1,599$1,267$963
21 years$2,915$2,330$1,846$1,451$1,134$848
22 years$2,753$2,175$1,701$1,320$1,016$747
23 years$2,605$2,034$1,571$1,202$912$659
24 years$2,470$1,906$1,453$1,096$820$582
25 years$2,346$1,788$1,346$1,001$738$515
26 years$2,232$1,681$1,248$915$665$455
27 years$2,126$1,582$1,159$838$599$403
28 years$2,028$1,491$1,077$768$541$357
29 years$1,937$1,406$1,003$704$488$317
30 years$1,852$1,328$934$646$441$281
31 years$1,773$1,255$871$593$399$249
32 years$1,699$1,188$812$545$361$221
33 years$1,630$1,125$758$501$326$197
34 years$1,564$1,066$709$461$296$175
35 years$1,503$1,011$662$425$268$155
36 years$1,445$960$620$391$243$138
37 years$1,391$912$580$360$220$123
38 years$1,339$866$543$332$199$109
39 years$1,290$824$509$306$181$97
40 years$1,244$784$477$283$164$86
41 years$1,200$746$447$261$149$77
42 years$1,159$711$420$241$135$68
43 years$1,119$677$394$222$122$61
44 years$1,081$645$370$205$111$54
45 years$1,045$615$347$189$101$48
46 years$1,011$587$326$175$92$43
47 years$978$560$306$162$83$38
48 years$947$535$288$149$76$34
49 years$917$511$270$138$69$30
50 years$888$488$254$128$62$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $910,000, adding $2,554 every year, while hoping to spend $53,454 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: 77/8/15 Blend
69$910,000$910,000$910,000$910,000
70$1,005,454$957,224$943,119$1,079,475
71$1,051,136$947,254$917,839$1,118,688
72$1,099,686$935,003$889,921$1,154,685
73$1,151,340$920,304$859,219$1,192,684
74$1,206,356$902,979$825,582$1,232,866
75$1,265,018$882,838$788,853$1,275,431
76$1,327,635$859,682$748,865$1,320,599
77$1,394,546$833,300$705,445$1,368,614
78$1,466,125$803,467$658,412$1,419,745
79$1,542,779$769,946$607,578$1,474,291
80$1,624,956$732,486$552,745$1,532,578
81$1,713,146$690,823$493,707$1,594,969
82$1,807,889$644,675$430,248$1,661,865
83$1,909,776$593,746$362,143$1,733,709
84$2,019,455$537,722$289,158$1,810,987
85$2,137,641$476,272$211,046$1,894,241
86$2,265,116$409,045$127,551$1,984,065
87$2,402,741$335,671$38,407$2,081,118
88$2,551,461$255,759$0$2,186,125
89$2,712,315$168,896$0$2,308,968
90$2,886,445$74,646$0$2,448,603
91$3,075,106$0$0$2,599,904
92$3,279,680$0$0$2,766,418
93$3,501,685$0$0$2,954,277
94$3,742,789$0$0$3,158,327
95$4,004,830$0$0$3,380,125
96$4,289,827$0$0$3,621,385
97$4,600,005$0$0$3,883,994
98$4,937,807$0$0$4,170,025
99$5,305,927$0$0$4,481,763
100$5,707,325$0$0$4,821,719