Can I retire at age 70 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$76,716$76,033$75,366$74,715$74,080$73,582
2 years$37,978$37,271$36,585$35,921$35,276$34,774
3 years$25,067$24,357$23,673$23,015$22,381$21,890
4 years$18,613$17,905$17,228$16,581$15,962$15,486
5 years$14,742$14,038$13,370$12,736$12,134$11,675
6 years$12,161$11,463$10,805$10,185$9,601$9,159
7 years$10,319$9,626$8,979$8,374$7,808$7,384
8 years$8,938$8,252$7,615$7,024$6,478$6,070
9 years$7,865$7,185$6,559$5,983$5,455$5,065
10 years$7,006$6,333$5,718$5,158$4,648$4,275
11 years$6,304$5,638$5,034$4,489$3,998$3,641
12 years$5,720$5,060$4,467$3,937$3,464$3,124
13 years$5,226$4,573$3,991$3,476$3,021$2,697
14 years$4,803$4,157$3,586$3,086$2,648$2,340
15 years$4,436$3,797$3,238$2,752$2,332$2,038
16 years$4,116$3,484$2,936$2,464$2,061$1,782
17 years$3,833$3,208$2,671$2,214$1,827$1,563
18 years$3,583$2,965$2,439$1,995$1,625$1,374
19 years$3,359$2,748$2,232$1,803$1,448$1,211
20 years$3,157$2,553$2,049$1,633$1,293$1,070
21 years$2,975$2,378$1,884$1,482$1,157$946
22 years$2,810$2,220$1,737$1,347$1,037$838
23 years$2,660$2,076$1,604$1,227$931$743
24 years$2,522$1,945$1,483$1,119$837$660
25 years$2,395$1,826$1,374$1,022$753$587
26 years$2,278$1,716$1,274$934$678$522
27 years$2,171$1,615$1,183$855$612$465
28 years$2,071$1,522$1,100$784$552$414
29 years$1,978$1,435$1,023$719$498$369
30 years$1,891$1,356$953$660$450$329
31 years$1,810$1,282$889$606$407$294
32 years$1,735$1,213$829$557$368$263
33 years$1,664$1,148$774$512$333$234
34 years$1,597$1,088$723$471$302$209
35 years$1,534$1,032$676$434$273$187
36 years$1,475$980$633$399$248$167
37 years$1,420$931$592$368$224$150
38 years$1,367$884$555$339$203$134
39 years$1,317$841$520$313$185$120
40 years$1,270$800$487$288$167$107
41 years$1,225$762$457$266$152$96
42 years$1,183$725$428$246$138$86
43 years$1,142$691$402$227$125$77
44 years$1,104$659$377$209$114$69
45 years$1,067$628$354$193$103$62
46 years$1,032$599$333$179$94$55
47 years$999$572$313$165$85$49
48 years$967$546$294$152$77$44
49 years$936$521$276$141$70$40
50 years$907$498$260$130$64$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $929,000, adding $5,379 every year, while hoping to spend $58,249 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: 49/44/7 Blend
69$929,000$929,000$929,000$929,000
70$1,029,306$980,069$965,670$1,077,617
71$1,072,319$966,116$936,043$1,097,249
72$1,117,767$949,527$903,472$1,111,921
73$1,165,837$930,112$867,796$1,126,484
74$1,216,732$907,667$828,847$1,140,943
75$1,270,677$881,981$786,451$1,155,307
76$1,327,913$852,825$740,425$1,169,590
77$1,388,708$819,962$690,577$1,183,812
78$1,453,353$783,136$636,708$1,197,998
79$1,522,166$742,081$578,608$1,212,182
80$1,595,495$696,511$516,060$1,226,405
81$1,673,724$646,128$448,836$1,240,719
82$1,757,269$590,614$376,698$1,255,187
83$1,846,590$529,634$299,397$1,269,883
84$1,942,190$462,833$216,674$1,284,897
85$2,044,619$389,837$128,258$1,300,334
86$2,154,481$310,251$33,867$1,316,318
87$2,272,442$223,657$0$1,332,993
88$2,399,227$129,612$0$1,355,520
89$2,535,637$27,652$0$1,382,123
90$2,682,549$0$0$1,410,517
91$2,840,927$0$0$1,481,030
92$3,011,829$0$0$1,571,644
93$3,196,419$0$0$1,669,596
94$3,395,974$0$0$1,775,575
95$3,611,901$0$0$1,890,338
96$3,845,741$0$0$2,014,717
97$4,099,195$0$0$2,149,627
98$4,374,128$0$0$2,296,074
99$4,672,595$0$0$2,455,165
100$4,996,852$0$0$2,628,117