Can I retire at age 70 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$76,633$75,951$75,285$74,635$74,000$72,094
2 years$37,937$37,231$36,546$35,882$35,238$33,331
3 years$25,040$24,331$23,648$22,990$22,357$20,507
4 years$18,593$17,886$17,209$16,563$15,945$14,168
5 years$14,726$14,023$13,355$12,722$12,121$10,421
6 years$12,148$11,450$10,793$10,174$9,591$7,970
7 years$10,308$9,616$8,969$8,364$7,800$6,258
8 years$8,929$8,243$7,606$7,017$6,471$5,007
9 years$7,856$7,177$6,551$5,977$5,449$4,063
10 years$6,999$6,326$5,712$5,152$4,643$3,332
11 years$6,298$5,632$5,028$4,484$3,993$2,755
12 years$5,714$5,055$4,463$3,933$3,460$2,294
13 years$5,220$4,568$3,987$3,472$3,018$1,920
14 years$4,797$4,152$3,582$3,082$2,645$1,614
15 years$4,431$3,793$3,234$2,749$2,329$1,361
16 years$4,111$3,480$2,933$2,461$2,058$1,152
17 years$3,829$3,205$2,668$2,211$1,825$977
18 years$3,579$2,962$2,436$1,993$1,623$830
19 years$3,355$2,745$2,230$1,801$1,446$707
20 years$3,154$2,551$2,047$1,631$1,292$603
21 years$2,972$2,376$1,882$1,480$1,156$515
22 years$2,807$2,218$1,735$1,346$1,036$440
23 years$2,657$2,074$1,602$1,226$930$376
24 years$2,519$1,943$1,482$1,118$836$322
25 years$2,393$1,824$1,372$1,021$752$276
26 years$2,276$1,714$1,273$933$678$236
27 years$2,168$1,613$1,182$854$611$203
28 years$2,068$1,520$1,099$783$551$174
29 years$1,975$1,434$1,022$718$498$149
30 years$1,889$1,354$952$659$450$128
31 years$1,808$1,280$888$605$407$110
32 years$1,733$1,211$828$556$368$94
33 years$1,662$1,147$773$511$333$81
34 years$1,595$1,087$723$471$301$70
35 years$1,533$1,031$676$433$273$60
36 years$1,474$979$632$399$247$51
37 years$1,418$930$592$368$224$44
38 years$1,366$883$554$339$203$38
39 years$1,316$840$519$312$184$33
40 years$1,269$799$486$288$167$28
41 years$1,224$761$456$266$152$24
42 years$1,181$725$428$245$138$21
43 years$1,141$690$402$226$125$18
44 years$1,103$658$377$209$113$15
45 years$1,066$628$354$193$103$13
46 years$1,031$599$332$178$93$11
47 years$998$571$312$165$85$10
48 years$966$545$293$152$77$8
49 years$935$521$276$141$70$7
50 years$906$497$259$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $928,000, adding $6,704 every year, while hoping to spend $46,322 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: 44/39/17 Blend
69$928,000$928,000$928,000$928,000
70$1,029,571$980,387$966,003$1,069,545
71$1,085,301$979,140$949,078$1,097,000
72$1,145,163$976,279$930,033$1,121,617
73$1,209,530$971,676$908,749$1,147,316
74$1,278,810$965,197$885,100$1,174,218
75$1,353,452$956,695$858,955$1,202,458
76$1,433,951$946,020$830,177$1,232,189
77$1,520,847$933,008$798,621$1,263,582
78$1,614,737$917,489$764,139$1,296,830
79$1,716,275$899,281$726,572$1,332,149
80$1,826,180$878,190$685,757$1,369,779
81$1,945,243$854,014$641,522$1,409,991
82$2,074,333$826,536$593,688$1,453,086
83$2,214,406$795,528$542,069$1,499,402
84$2,366,515$760,748$486,467$1,549,315
85$2,531,815$721,941$426,679$1,603,247
86$2,711,579$678,835$362,492$1,661,666
87$2,907,207$631,144$293,683$1,725,094
88$3,120,240$578,567$220,018$1,794,114
89$3,352,371$520,784$141,255$1,869,375
90$3,605,466$457,455$57,140$1,951,598
91$3,881,578$388,225$0$2,041,587
92$4,182,967$312,716$0$2,146,151
93$4,512,119$230,530$0$2,271,811
94$4,871,774$141,244$0$2,409,347
95$5,264,945$44,415$0$2,560,039
96$5,694,951$0$0$2,725,302
97$6,165,447$0$0$2,932,639
98$6,680,457$0$0$3,180,565
99$7,244,410$0$0$3,452,167
100$7,862,187$0$0$3,749,809