Can I retire at age 70 with 918,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$75,808$75,132$74,474$73,830$73,203$72,772
2 years$37,529$36,830$36,152$35,495$34,858$34,424
3 years$24,770$24,069$23,393$22,742$22,116$21,691
4 years$18,393$17,693$17,024$16,385$15,773$15,361
5 years$14,567$13,871$13,211$12,585$11,990$11,592
6 years$12,017$11,327$10,677$10,064$9,488$9,104
7 years$10,197$9,512$8,872$8,274$7,716$7,347
8 years$8,832$8,154$7,525$6,941$6,401$6,047
9 years$7,771$7,099$6,481$5,912$5,391$5,052
10 years$6,923$6,258$5,650$5,096$4,593$4,269
11 years$6,230$5,571$4,974$4,435$3,950$3,640
12 years$5,652$5,000$4,415$3,890$3,423$3,127
13 years$5,164$4,519$3,944$3,435$2,985$2,703
14 years$4,746$4,107$3,544$3,049$2,617$2,348
15 years$4,384$3,752$3,200$2,719$2,304$2,048
16 years$4,067$3,443$2,901$2,435$2,036$1,794
17 years$3,788$3,170$2,640$2,188$1,805$1,575
18 years$3,540$2,930$2,410$1,971$1,605$1,387
19 years$3,319$2,715$2,206$1,781$1,431$1,224
20 years$3,120$2,523$2,025$1,613$1,278$1,083
21 years$2,940$2,350$1,862$1,464$1,144$959
22 years$2,777$2,194$1,716$1,331$1,025$851
23 years$2,628$2,052$1,585$1,212$920$756
24 years$2,492$1,922$1,466$1,106$827$672
25 years$2,367$1,804$1,357$1,010$744$598
26 years$2,251$1,696$1,259$923$670$533
27 years$2,145$1,596$1,169$845$604$476
28 years$2,046$1,504$1,087$774$545$424
29 years$1,954$1,418$1,011$710$493$379
30 years$1,869$1,340$942$652$445$339
31 years$1,789$1,266$878$599$402$303
32 years$1,714$1,198$819$550$364$271
33 years$1,644$1,135$765$506$329$242
34 years$1,578$1,076$715$465$298$217
35 years$1,516$1,020$668$428$270$194
36 years$1,458$968$625$395$245$174
37 years$1,403$920$585$364$222$156
38 years$1,351$874$548$335$201$139
39 years$1,302$831$513$309$182$125
40 years$1,255$791$481$285$165$112
41 years$1,211$753$451$263$150$100
42 years$1,169$717$423$243$136$90
43 years$1,129$683$397$224$124$81
44 years$1,091$651$373$207$112$72
45 years$1,054$621$350$191$102$65
46 years$1,020$592$329$176$92$58
47 years$987$565$309$163$84$52
48 years$955$539$290$151$76$47
49 years$925$515$273$139$69$42
50 years$896$492$257$129$63$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $918,000, adding $6,958 every year, while hoping to spend $40,156 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: 41/47/12 Blend
69$918,000$918,000$918,000$918,000
70$1,018,813$970,159$955,930$1,056,698
71$1,080,006$974,971$945,228$1,088,828
72$1,146,096$978,673$932,822$1,119,068
73$1,217,538$981,169$918,612$1,150,910
74$1,294,835$982,354$902,493$1,184,519
75$1,378,539$982,121$884,358$1,220,076
76$1,469,257$980,352$864,091$1,257,784
77$1,567,658$976,925$841,574$1,297,869
78$1,674,473$971,709$816,682$1,340,583
79$1,790,512$964,566$789,283$1,386,207
80$1,916,662$955,347$759,242$1,435,052
81$2,053,900$943,898$726,415$1,487,466
82$2,203,302$930,052$690,654$1,543,833
83$2,366,049$913,635$651,801$1,604,583
84$2,543,443$894,460$609,694$1,670,192
85$2,736,918$872,332$564,162$1,741,190
86$2,948,049$847,043$515,027$1,818,164
87$3,178,573$818,370$462,103$1,901,767
88$3,430,399$786,083$405,196$1,992,723
89$3,705,632$749,933$344,102$2,091,836
90$4,006,586$709,659$278,609$2,199,997
91$4,335,812$664,986$208,496$2,318,194
92$4,696,116$615,622$133,532$2,447,523
93$5,090,589$561,257$53,475$2,589,200
94$5,522,637$501,565$0$2,744,570
95$5,996,006$436,203$0$2,919,216
96$6,514,826$364,804$0$3,118,272
97$7,083,643$286,985$0$3,336,746
98$7,707,466$202,337$0$3,576,702
99$8,391,809$110,433$0$3,840,419
100$9,142,747$10,819$0$4,130,418