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%12.9%
1 years$76,633$75,951$75,285$74,635$74,000$73,106
2 years$37,937$37,231$36,546$35,882$35,238$34,338
3 years$25,040$24,331$23,648$22,990$22,357$21,479
4 years$18,593$17,886$17,209$16,563$15,945$15,096
5 years$14,726$14,023$13,355$12,722$12,121$11,304
6 years$12,148$11,450$10,793$10,174$9,591$8,806
7 years$10,308$9,616$8,969$8,364$7,800$7,048
8 years$8,929$8,243$7,606$7,017$6,471$5,751
9 years$7,856$7,177$6,551$5,977$5,449$4,762
10 years$6,999$6,326$5,712$5,152$4,643$3,988
11 years$6,298$5,632$5,028$4,484$3,993$3,370
12 years$5,714$5,055$4,463$3,933$3,460$2,868
13 years$5,220$4,568$3,987$3,472$3,018$2,455
14 years$4,797$4,152$3,582$3,082$2,645$2,111
15 years$4,431$3,793$3,234$2,749$2,329$1,823
16 years$4,111$3,480$2,933$2,461$2,058$1,580
17 years$3,829$3,205$2,668$2,211$1,825$1,373
18 years$3,579$2,962$2,436$1,993$1,623$1,197
19 years$3,355$2,745$2,230$1,801$1,446$1,045
20 years$3,154$2,551$2,047$1,631$1,292$914
21 years$2,972$2,376$1,882$1,480$1,156$800
22 years$2,807$2,218$1,735$1,346$1,036$702
23 years$2,657$2,074$1,602$1,226$930$617
24 years$2,519$1,943$1,482$1,118$836$542
25 years$2,393$1,824$1,372$1,021$752$477
26 years$2,276$1,714$1,273$933$678$420
27 years$2,168$1,613$1,182$854$611$370
28 years$2,068$1,520$1,099$783$551$327
29 years$1,975$1,434$1,022$718$498$288
30 years$1,889$1,354$952$659$450$254
31 years$1,808$1,280$888$605$407$225
32 years$1,733$1,211$828$556$368$198
33 years$1,662$1,147$773$511$333$175
34 years$1,595$1,087$723$471$301$155
35 years$1,533$1,031$676$433$273$137
36 years$1,474$979$632$399$247$121
37 years$1,418$930$592$368$224$107
38 years$1,366$883$554$339$203$95
39 years$1,316$840$519$312$184$84
40 years$1,269$799$486$288$167$74
41 years$1,224$761$456$266$152$66
42 years$1,181$725$428$245$138$58
43 years$1,141$690$402$226$125$51
44 years$1,103$658$377$209$113$46
45 years$1,066$628$354$193$103$40
46 years$1,031$599$332$178$93$36
47 years$998$571$312$165$85$32
48 years$966$545$293$152$77$28
49 years$935$521$276$141$70$25
50 years$906$497$259$130$64$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $928,000, adding $2,951 every year, while hoping to spend $48,159 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: 54/25/21 Blend
69$928,000$928,000$928,000$928,000
70$1,025,700$976,516$962,132$1,075,055
71$1,079,081$973,124$943,123$1,105,842
72$1,136,292$967,953$921,862$1,134,037
73$1,197,674$960,863$898,225$1,163,699
74$1,263,599$951,708$872,078$1,194,982
75$1,334,478$940,333$843,284$1,228,059
76$1,410,759$926,573$811,698$1,263,125
77$1,492,935$910,254$777,169$1,300,393
78$1,581,550$891,192$739,540$1,340,104
79$1,677,197$869,190$698,644$1,382,525
80$1,780,532$844,041$654,309$1,427,954
81$1,892,274$815,526$606,356$1,476,723
82$2,013,212$783,413$554,595$1,529,199
83$2,144,216$747,456$498,830$1,585,792
84$2,286,240$707,396$438,855$1,646,959
85$2,440,334$662,956$374,455$1,713,207
86$2,607,655$613,848$305,406$1,785,096
87$2,789,473$559,763$231,473$1,863,254
88$2,987,184$500,377$152,413$1,948,372
89$3,202,328$435,346$67,969$2,041,222
90$3,436,595$364,308$0$2,142,656
91$3,691,848$286,879$0$2,258,585
92$3,970,135$202,655$0$2,401,673
93$4,273,712$111,209$0$2,557,902
94$4,605,061$12,087$0$2,728,630
95$4,966,913$0$0$2,915,359
96$5,362,276$0$0$3,145,931
97$5,794,461$0$0$3,401,697
98$6,267,114$0$0$3,681,499
99$6,784,249$0$0$3,987,726
100$7,350,285$0$0$4,323,005