Can I retire at age 70 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$76,964$76,278$75,609$74,956$74,319$73,299
2 years$38,101$37,391$36,704$36,037$35,390$34,364
3 years$25,148$24,436$23,750$23,089$22,453$21,453
4 years$18,673$17,963$17,284$16,634$16,014$15,048
5 years$14,789$14,083$13,413$12,777$12,173$11,244
6 years$12,201$11,500$10,840$10,218$9,632$8,741
7 years$10,353$9,658$9,008$8,401$7,834$6,980
8 years$8,967$8,278$7,639$7,047$6,499$5,683
9 years$7,890$7,208$6,580$6,002$5,473$4,695
10 years$7,029$6,353$5,736$5,174$4,663$3,922
11 years$6,325$5,656$5,050$4,503$4,010$3,305
12 years$5,738$5,076$4,482$3,950$3,475$2,806
13 years$5,243$4,588$4,004$3,487$3,031$2,395
14 years$4,818$4,170$3,598$3,095$2,657$2,055
15 years$4,450$3,809$3,248$2,761$2,339$1,770
16 years$4,129$3,495$2,945$2,472$2,067$1,530
17 years$3,846$3,219$2,680$2,221$1,833$1,326
18 years$3,594$2,974$2,446$2,001$1,630$1,152
19 years$3,370$2,757$2,240$1,809$1,453$1,003
20 years$3,168$2,562$2,055$1,638$1,298$874
21 years$2,985$2,386$1,891$1,487$1,161$764
22 years$2,819$2,227$1,742$1,352$1,041$668
23 years$2,668$2,083$1,609$1,231$934$585
24 years$2,530$1,952$1,488$1,123$840$512
25 years$2,403$1,832$1,378$1,025$756$450
26 years$2,286$1,721$1,278$937$681$395
27 years$2,178$1,620$1,187$858$614$347
28 years$2,077$1,527$1,103$786$554$305
29 years$1,984$1,440$1,027$721$500$268
30 years$1,897$1,360$956$662$452$236
31 years$1,816$1,286$892$608$408$207
32 years$1,740$1,217$832$558$369$183
33 years$1,669$1,152$777$514$334$161
34 years$1,602$1,092$726$473$303$142
35 years$1,539$1,036$679$435$274$125
36 years$1,480$983$635$401$248$110
37 years$1,424$934$594$369$225$97
38 years$1,372$887$556$340$204$86
39 years$1,322$844$521$314$185$75
40 years$1,274$803$489$289$168$66
41 years$1,229$764$458$267$152$59
42 years$1,187$728$430$246$138$52
43 years$1,146$693$403$227$125$46
44 years$1,107$661$379$210$114$40
45 years$1,071$630$355$194$103$35
46 years$1,035$601$334$179$94$31
47 years$1,002$574$314$166$85$28
48 years$970$548$295$153$77$24
49 years$939$523$277$141$70$22
50 years$910$500$260$131$64$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $932,000, adding $6,416 every year, while hoping to spend $33,178 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: 45/48/7 Blend
69$932,000$932,000$932,000$932,000
70$1,033,682$984,286$969,840$1,077,899
71$1,103,817$997,215$967,029$1,121,993
72$1,179,993$1,009,665$963,011$1,165,827
73$1,262,792$1,021,579$957,712$1,212,585
74$1,352,853$1,032,893$951,052$1,262,546
75$1,450,881$1,043,541$942,948$1,316,021
76$1,557,648$1,053,452$933,315$1,373,351
77$1,674,007$1,062,550$922,059$1,434,913
78$1,800,895$1,070,755$909,088$1,501,126
79$1,939,344$1,077,979$894,300$1,572,450
80$2,090,490$1,084,133$877,592$1,649,395
81$2,255,583$1,089,119$858,854$1,732,525
82$2,435,999$1,092,832$837,972$1,822,461
83$2,633,253$1,095,163$814,827$1,919,891
84$2,849,014$1,095,995$789,293$2,025,574
85$3,085,119$1,095,204$761,239$2,140,350
86$3,343,589$1,092,657$730,528$2,265,144
87$3,626,653$1,088,215$697,019$2,400,982
88$3,936,762$1,081,728$660,560$2,548,993
89$4,276,619$1,073,040$620,996$2,710,426
90$4,649,198$1,061,983$578,163$2,886,661
91$5,057,776$1,048,379$531,891$3,079,221
92$5,505,960$1,032,041$482,001$3,289,789
93$5,997,727$1,012,770$428,307$3,520,221
94$6,537,454$990,355$370,614$3,772,569
95$7,129,964$964,572$308,719$4,049,097
96$7,780,569$935,184$242,410$4,352,306
97$8,495,121$901,943$171,464$4,684,955
98$9,280,067$864,581$95,652$5,050,092
99$10,142,509$822,820$14,731$5,451,079
100$11,090,269$776,363$0$5,891,630