Can I retire at age 70 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$75,560$74,887$74,230$73,589$72,963$71,637
2 years$37,406$36,709$36,034$35,379$34,744$33,413
3 years$24,690$23,990$23,316$22,668$22,043$20,748
4 years$18,333$17,635$16,968$16,331$15,721$14,472
5 years$14,519$13,826$13,168$12,544$11,951$10,752
6 years$11,978$11,290$10,642$10,031$9,457$8,308
7 years$10,164$9,481$8,843$8,247$7,691$6,594
8 years$8,803$8,127$7,500$6,918$6,380$5,335
9 years$7,746$7,076$6,460$5,893$5,373$4,378
10 years$6,901$6,237$5,632$5,080$4,578$3,633
11 years$6,209$5,553$4,958$4,421$3,937$3,041
12 years$5,634$4,984$4,400$3,878$3,412$2,563
13 years$5,147$4,504$3,931$3,424$2,975$2,173
14 years$4,730$4,094$3,532$3,039$2,608$1,850
15 years$4,369$3,740$3,189$2,710$2,296$1,581
16 years$4,054$3,431$2,891$2,427$2,030$1,356
17 years$3,776$3,160$2,631$2,180$1,800$1,166
18 years$3,529$2,920$2,402$1,965$1,600$1,005
19 years$3,308$2,706$2,199$1,776$1,426$868
20 years$3,110$2,515$2,018$1,608$1,274$751
21 years$2,931$2,342$1,856$1,459$1,140$650
22 years$2,768$2,187$1,711$1,327$1,022$564
23 years$2,620$2,045$1,580$1,208$917$490
24 years$2,484$1,916$1,461$1,102$824$425
25 years$2,359$1,798$1,353$1,007$742$370
26 years$2,244$1,690$1,255$920$668$322
27 years$2,138$1,590$1,165$842$603$280
28 years$2,039$1,499$1,083$772$544$244
29 years$1,948$1,414$1,008$708$491$213
30 years$1,863$1,335$939$650$444$186
31 years$1,783$1,262$875$597$401$162
32 years$1,708$1,194$817$548$363$141
33 years$1,639$1,131$763$504$328$123
34 years$1,573$1,072$712$464$297$108
35 years$1,511$1,017$666$427$269$94
36 years$1,453$965$623$393$244$82
37 years$1,398$917$583$362$221$72
38 years$1,347$871$546$334$200$63
39 years$1,297$828$512$308$182$55
40 years$1,251$788$480$284$165$48
41 years$1,207$750$450$262$150$42
42 years$1,165$714$422$242$136$36
43 years$1,125$681$396$223$123$32
44 years$1,087$649$372$206$112$28
45 years$1,051$619$349$190$101$24
46 years$1,017$590$328$176$92$21
47 years$984$563$308$162$84$19
48 years$952$538$289$150$76$16
49 years$922$514$272$139$69$14
50 years$893$491$256$128$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $915,000, adding $3,220 every year, while hoping to spend $22,167 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: 81/9/10 Blend
69$915,000$915,000$915,000$915,000
70$1,011,651$963,156$948,974$1,091,728
71$1,091,254$986,766$957,179$1,168,292
72$1,178,234$1,010,789$964,916$1,249,067
73$1,273,319$1,035,222$972,146$1,337,065
74$1,377,312$1,060,063$978,828$1,432,998
75$1,491,097$1,085,305$984,918$1,537,651
76$1,615,647$1,110,944$990,371$1,651,887
77$1,752,034$1,136,971$995,139$1,776,657
78$1,901,437$1,163,378$999,172$1,913,009
79$2,065,157$1,190,156$1,002,417$2,062,095
80$2,244,623$1,217,294$1,004,818$2,225,186
81$2,441,413$1,244,780$1,006,318$2,403,684
82$2,657,263$1,272,600$1,006,855$2,599,129
83$2,894,084$1,300,737$1,006,365$2,813,220
84$3,153,983$1,329,176$1,004,780$3,047,830
85$3,439,280$1,357,896$1,002,031$3,305,019
86$3,752,530$1,386,877$998,043$3,587,060
87$4,096,548$1,416,094$992,738$3,896,455
88$4,474,436$1,445,523$986,035$4,235,962
89$4,889,611$1,475,135$977,848$4,608,618
90$5,345,834$1,504,900$968,090$5,017,771
91$5,847,253$1,534,784$956,664$5,467,109
92$6,398,435$1,564,751$943,475$5,960,696
93$7,004,413$1,594,761$928,419$6,503,010
94$7,670,731$1,624,772$911,389$7,098,985
95$8,403,497$1,654,737$892,271$7,754,056
96$9,209,441$1,684,607$870,950$8,474,216
97$10,095,978$1,714,327$847,301$9,266,065
98$11,071,278$1,743,839$821,196$10,136,876
99$12,144,342$1,773,081$792,500$11,094,664
100$13,325,089$1,801,985$761,072$12,148,263