Can I retire at age 70 with 917,000?

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 $917,000?

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$75,725$75,050$74,392$73,750$73,123$71,530
2 years$37,488$36,789$36,113$35,457$34,820$33,223
3 years$24,743$24,042$23,367$22,717$22,092$20,540
4 years$18,373$17,674$17,005$16,367$15,756$14,263
5 years$14,551$13,856$13,197$12,571$11,977$10,546
6 years$12,004$11,315$10,665$10,053$9,477$8,110
7 years$10,186$9,502$8,863$8,265$7,708$6,404
8 years$8,823$8,145$7,516$6,934$6,394$5,154
9 years$7,763$7,092$6,474$5,906$5,385$4,207
10 years$6,916$6,251$5,644$5,091$4,588$3,472
11 years$6,223$5,565$4,969$4,431$3,946$2,889
12 years$5,646$4,995$4,410$3,886$3,419$2,421
13 years$5,158$4,514$3,940$3,431$2,982$2,040
14 years$4,741$4,103$3,540$3,046$2,614$1,727
15 years$4,379$3,748$3,196$2,716$2,301$1,467
16 years$4,063$3,439$2,898$2,432$2,034$1,250
17 years$3,784$3,167$2,637$2,185$1,804$1,068
18 years$3,537$2,926$2,407$1,969$1,604$914
19 years$3,315$2,712$2,204$1,779$1,429$784
20 years$3,117$2,520$2,022$1,612$1,277$674
21 years$2,937$2,348$1,860$1,463$1,143$580
22 years$2,774$2,191$1,714$1,330$1,024$499
23 years$2,625$2,050$1,583$1,211$919$430
24 years$2,489$1,920$1,464$1,105$826$371
25 years$2,364$1,802$1,356$1,009$744$321
26 years$2,249$1,694$1,258$922$670$277
27 years$2,142$1,594$1,168$844$604$239
28 years$2,044$1,502$1,086$774$545$207
29 years$1,952$1,417$1,010$709$492$179
30 years$1,867$1,338$941$651$445$155
31 years$1,787$1,265$877$598$402$134
32 years$1,712$1,197$818$549$364$116
33 years$1,642$1,134$764$505$329$101
34 years$1,576$1,074$714$465$298$87
35 years$1,515$1,019$668$428$270$76
36 years$1,456$967$625$394$244$65
37 years$1,401$919$585$363$222$57
38 years$1,349$873$547$335$201$49
39 years$1,300$830$513$309$182$43
40 years$1,254$790$481$285$165$37
41 years$1,209$752$451$263$150$32
42 years$1,167$716$423$242$136$28
43 years$1,128$682$397$224$123$24
44 years$1,090$650$372$207$112$21
45 years$1,053$620$350$191$102$18
46 years$1,019$592$328$176$92$16
47 years$986$565$309$163$84$14
48 years$954$539$290$150$76$12
49 years$924$515$273$139$69$10
50 years$895$492$256$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $917,000, adding $6,271 every year, while hoping to spend $23,102 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: 73/5/22 Blend
69$917,000$917,000$917,000$917,000
70$1,017,003$968,402$954,188$1,085,339
71$1,096,156$991,273$961,573$1,154,511
72$1,182,610$1,014,491$968,431$1,226,901
73$1,277,083$1,038,047$974,720$1,305,634
74$1,380,368$1,061,935$980,396$1,391,336
75$1,493,339$1,086,142$985,413$1,484,698
76$1,616,956$1,110,660$989,720$1,586,482
77$1,752,278$1,135,475$993,268$1,697,528
78$1,900,470$1,160,573$996,003$1,818,759
79$2,062,815$1,185,938$997,866$1,951,195
80$2,240,728$1,211,555$998,800$2,095,958
81$2,435,764$1,237,403$998,742$2,254,285
82$2,649,638$1,263,462$997,626$2,427,540
83$2,884,238$1,289,708$995,383$2,617,225
84$3,141,643$1,316,117$991,942$2,824,995
85$3,424,146$1,342,662$987,227$3,052,675
86$3,734,268$1,369,312$981,159$3,302,275
87$4,074,790$1,396,035$973,654$3,576,010
88$4,448,774$1,422,795$964,626$3,876,323
89$4,859,591$1,449,555$953,984$4,205,904
90$5,310,960$1,476,273$941,632$4,567,719
91$5,806,972$1,502,905$927,471$4,965,035
92$6,352,137$1,529,401$911,396$5,401,455
93$6,951,424$1,555,711$893,297$5,880,947
94$7,610,307$1,581,778$873,060$6,407,887
95$8,334,815$1,607,543$850,564$6,987,095
96$9,131,594$1,632,940$825,686$7,623,884
97$10,007,962$1,657,900$798,292$8,324,110
98$10,971,987$1,682,349$768,247$9,094,226
99$12,032,552$1,706,207$735,406$9,941,344
100$13,199,451$1,729,389$699,620$10,873,301