Can I retire at age 70 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$76,386$75,705$75,041$74,393$73,761$73,419
2 years$37,815$37,110$36,428$35,766$35,124$34,779
3 years$24,959$24,252$23,571$22,916$22,284$21,947
4 years$18,533$17,828$17,154$16,509$15,893$15,566
5 years$14,678$13,977$13,312$12,681$12,082$11,766
6 years$12,109$11,413$10,758$10,141$9,560$9,255
7 years$10,275$9,585$8,940$8,337$7,775$7,482
8 years$8,900$8,216$7,582$6,994$6,450$6,168
9 years$7,831$7,154$6,530$5,957$5,432$5,162
10 years$6,976$6,306$5,693$5,135$4,628$4,369
11 years$6,277$5,613$5,012$4,469$3,980$3,733
12 years$5,695$5,038$4,448$3,920$3,449$3,213
13 years$5,203$4,553$3,974$3,461$3,008$2,782
14 years$4,782$4,139$3,571$3,072$2,637$2,422
15 years$4,417$3,781$3,224$2,740$2,322$2,117
16 years$4,098$3,469$2,923$2,453$2,052$1,857
17 years$3,817$3,195$2,660$2,204$1,819$1,634
18 years$3,567$2,952$2,428$1,986$1,618$1,442
19 years$3,344$2,736$2,223$1,795$1,442$1,276
20 years$3,144$2,542$2,040$1,626$1,288$1,130
21 years$2,963$2,368$1,876$1,475$1,152$1,004
22 years$2,798$2,211$1,729$1,341$1,033$892
23 years$2,648$2,067$1,597$1,222$927$795
24 years$2,511$1,937$1,477$1,114$833$708
25 years$2,385$1,818$1,368$1,018$750$632
26 years$2,269$1,708$1,269$930$676$564
27 years$2,161$1,608$1,178$852$609$505
28 years$2,062$1,515$1,095$780$550$451
29 years$1,969$1,429$1,019$716$496$404
30 years$1,883$1,350$949$657$448$362
31 years$1,802$1,276$885$603$405$324
32 years$1,727$1,207$826$554$367$291
33 years$1,657$1,143$771$510$332$261
34 years$1,590$1,084$720$469$300$234
35 years$1,528$1,028$673$432$272$210
36 years$1,469$976$630$398$247$189
37 years$1,414$927$590$366$223$169
38 years$1,361$881$552$338$203$152
39 years$1,312$837$517$311$184$137
40 years$1,265$797$485$287$167$123
41 years$1,220$758$455$265$151$110
42 years$1,178$722$426$245$137$99
43 years$1,137$688$400$226$125$89
44 years$1,099$656$376$208$113$80
45 years$1,062$626$353$192$103$72
46 years$1,028$597$331$178$93$65
47 years$994$569$311$164$85$58
48 years$963$544$292$152$77$52
49 years$932$519$275$140$70$47
50 years$903$496$258$130$63$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $925,000, adding $3,566 every year, while hoping to spend $41,023 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: 66/8/26 Blend
69$925,000$925,000$925,000$925,000
70$1,023,028$974,003$959,666$1,083,385
71$1,083,729$978,081$948,166$1,128,570
72$1,149,246$980,984$934,907$1,173,013
73$1,220,028$982,611$919,785$1,220,680
74$1,296,567$982,855$902,694$1,271,893
75$1,379,404$981,602$883,521$1,327,005
76$1,469,133$978,730$862,149$1,386,408
77$1,566,409$974,113$838,456$1,450,533
78$1,671,952$967,613$812,313$1,519,858
79$1,786,551$959,087$783,585$1,594,911
80$1,911,078$948,380$752,134$1,676,272
81$2,046,488$935,331$717,811$1,764,586
82$2,193,836$919,768$680,463$1,860,563
83$2,354,279$901,509$639,931$1,964,988
84$2,529,092$880,360$596,046$2,078,725
85$2,719,679$856,117$548,632$2,202,732
86$2,927,583$828,563$497,508$2,338,065
87$3,154,504$797,471$442,483$2,485,889
88$3,402,313$762,596$383,355$2,647,491
89$3,673,068$723,683$319,917$2,824,291
90$3,969,038$680,460$251,951$3,017,858
91$4,292,719$632,641$179,230$3,229,921
92$4,646,858$579,922$101,516$3,462,391
93$5,034,482$521,983$18,561$3,717,376
94$5,458,924$458,485$0$3,997,201
95$5,923,853$389,069$0$4,323,844
96$6,433,310$313,358$0$4,687,482
97$6,991,746$230,952$0$5,086,165
98$7,604,064$141,428$0$5,523,422
99$8,275,662$44,341$0$6,003,141
100$9,012,486$0$0$6,529,608