Can I retire at age 70 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$76,468$75,787$75,123$74,474$73,841$72,409
2 years$37,856$37,151$36,467$35,805$35,162$33,726
3 years$24,986$24,278$23,597$22,940$22,308$20,912
4 years$18,553$17,847$17,172$16,527$15,910$14,564
5 years$14,694$13,992$13,326$12,695$12,095$10,803
6 years$12,122$11,426$10,770$10,152$9,570$8,335
7 years$10,286$9,595$8,950$8,346$7,783$6,604
8 years$8,909$8,225$7,590$7,002$6,457$5,333
9 years$7,839$7,161$6,537$5,964$5,438$4,369
10 years$6,984$6,312$5,699$5,141$4,633$3,619
11 years$6,284$5,620$5,018$4,474$3,985$3,023
12 years$5,701$5,044$4,453$3,924$3,453$2,543
13 years$5,209$4,558$3,978$3,465$3,011$2,151
14 years$4,787$4,143$3,575$3,076$2,640$1,828
15 years$4,422$3,785$3,227$2,743$2,324$1,560
16 years$4,103$3,473$2,926$2,456$2,054$1,335
17 years$3,821$3,198$2,663$2,207$1,821$1,145
18 years$3,571$2,955$2,431$1,989$1,619$985
19 years$3,348$2,739$2,225$1,797$1,443$849
20 years$3,147$2,545$2,042$1,627$1,289$732
21 years$2,966$2,371$1,878$1,477$1,154$633
22 years$2,801$2,213$1,731$1,343$1,034$548
23 years$2,651$2,070$1,598$1,223$928$474
24 years$2,514$1,939$1,478$1,115$834$411
25 years$2,387$1,820$1,369$1,019$751$357
26 years$2,271$1,710$1,270$931$676$310
27 years$2,164$1,610$1,179$853$610$269
28 years$2,064$1,517$1,096$781$550$234
29 years$1,971$1,431$1,020$716$497$203
30 years$1,885$1,351$950$657$449$177
31 years$1,804$1,277$886$604$406$154
32 years$1,729$1,209$827$555$367$134
33 years$1,658$1,145$772$510$332$116
34 years$1,592$1,085$721$469$301$101
35 years$1,530$1,029$674$432$272$88
36 years$1,471$977$631$398$247$77
37 years$1,415$928$590$367$224$67
38 years$1,363$882$553$338$203$58
39 years$1,313$838$518$312$184$51
40 years$1,266$798$485$287$167$44
41 years$1,221$759$455$265$151$39
42 years$1,179$723$427$245$137$34
43 years$1,139$689$401$226$125$29
44 years$1,100$657$376$209$113$26
45 years$1,064$626$353$193$103$22
46 years$1,029$597$332$178$93$19
47 years$995$570$312$164$85$17
48 years$964$544$293$152$77$15
49 years$933$520$275$140$70$13
50 years$904$496$259$130$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $926,000, adding $5,216 every year, while hoping to spend $37,813 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: 45/42/13 Blend
69$926,000$926,000$926,000$926,000
70$1,025,832$976,754$962,401$1,067,971
71$1,090,234$984,383$954,409$1,105,426
72$1,159,938$991,117$944,882$1,141,769
73$1,235,445$996,875$933,728$1,180,343
74$1,317,304$1,001,566$920,852$1,221,370
75$1,406,123$1,005,096$906,154$1,265,094
76$1,502,566$1,007,364$889,529$1,311,787
77$1,607,366$1,008,264$870,867$1,361,752
78$1,721,330$1,007,681$850,053$1,415,321
79$1,845,343$1,005,495$826,967$1,472,866
80$1,980,381$1,001,577$801,484$1,534,797
81$2,127,518$995,792$773,472$1,601,568
82$2,287,935$987,996$742,793$1,673,685
83$2,462,931$978,035$709,303$1,751,704
84$2,653,939$965,747$672,854$1,836,244
85$2,862,532$950,961$633,286$1,927,989
86$3,090,446$933,493$590,436$2,027,697
87$3,339,589$913,152$544,133$2,136,207
88$3,612,063$889,732$494,198$2,254,446
89$3,910,182$863,017$440,442$2,383,443
90$4,236,494$832,779$382,670$2,524,334
91$4,593,806$798,775$320,679$2,678,376
92$4,985,207$760,747$254,255$2,846,960
93$5,414,100$718,426$183,174$3,031,625
94$5,884,232$671,523$107,205$3,234,070
95$6,399,732$619,736$26,104$3,456,177
96$6,965,145$562,743$0$3,700,025
97$7,585,479$500,206$0$3,976,296
98$8,266,248$431,767$0$4,283,556
99$9,013,527$357,045$0$4,621,025
100$9,834,009$275,643$0$4,991,846