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%12.1%
1 years$76,964$76,278$75,609$74,956$74,319$73,666
2 years$38,101$37,391$36,704$36,037$35,390$34,732
3 years$25,148$24,436$23,750$23,089$22,453$21,810
4 years$18,673$17,963$17,284$16,634$16,014$15,391
5 years$14,789$14,083$13,413$12,777$12,173$11,573
6 years$12,201$11,500$10,840$10,218$9,632$9,055
7 years$10,353$9,658$9,008$8,401$7,834$7,279
8 years$8,967$8,278$7,639$7,047$6,499$5,967
9 years$7,890$7,208$6,580$6,002$5,473$4,965
10 years$7,029$6,353$5,736$5,174$4,663$4,178
11 years$6,325$5,656$5,050$4,503$4,010$3,547
12 years$5,738$5,076$4,482$3,950$3,475$3,034
13 years$5,243$4,588$4,004$3,487$3,031$2,611
14 years$4,818$4,170$3,598$3,095$2,657$2,257
15 years$4,450$3,809$3,248$2,761$2,339$1,960
16 years$4,129$3,495$2,945$2,472$2,067$1,708
17 years$3,846$3,219$2,680$2,221$1,833$1,493
18 years$3,594$2,974$2,446$2,001$1,630$1,308
19 years$3,370$2,757$2,240$1,809$1,453$1,149
20 years$3,168$2,562$2,055$1,638$1,298$1,011
21 years$2,985$2,386$1,891$1,487$1,161$891
22 years$2,819$2,227$1,742$1,352$1,041$786
23 years$2,668$2,083$1,609$1,231$934$695
24 years$2,530$1,952$1,488$1,123$840$614
25 years$2,403$1,832$1,378$1,025$756$544
26 years$2,286$1,721$1,278$937$681$482
27 years$2,178$1,620$1,187$858$614$428
28 years$2,077$1,527$1,103$786$554$379
29 years$1,984$1,440$1,027$721$500$337
30 years$1,897$1,360$956$662$452$299
31 years$1,816$1,286$892$608$408$266
32 years$1,740$1,217$832$558$369$237
33 years$1,669$1,152$777$514$334$210
34 years$1,602$1,092$726$473$303$187
35 years$1,539$1,036$679$435$274$167
36 years$1,480$983$635$401$248$148
37 years$1,424$934$594$369$225$132
38 years$1,372$887$556$340$204$118
39 years$1,322$844$521$314$185$105
40 years$1,274$803$489$289$168$93
41 years$1,229$764$458$267$152$83
42 years$1,187$728$430$246$138$74
43 years$1,146$693$403$227$125$66
44 years$1,107$661$379$210$114$59
45 years$1,071$630$355$194$103$53
46 years$1,035$601$334$179$94$47
47 years$1,002$574$314$166$85$42
48 years$970$548$295$153$77$37
49 years$939$523$277$141$70$33
50 years$910$500$260$131$64$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $932,000, adding $3,493 every year, while hoping to spend $55,747 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: 43/44/13 Blend
69$932,000$932,000$932,000$932,000
70$1,030,667$981,271$966,825$1,070,954
71$1,076,481$970,039$939,899$1,088,251
72$1,125,099$956,388$910,203$1,101,129
73$1,176,749$940,141$877,585$1,113,857
74$1,231,679$921,110$841,886$1,126,445
75$1,290,162$899,096$802,941$1,138,907
76$1,352,495$873,888$760,575$1,151,265
77$1,419,004$845,263$714,609$1,163,545
78$1,490,046$812,984$664,852$1,175,783
79$1,566,013$776,803$611,107$1,188,022
80$1,647,334$736,454$553,167$1,200,316
81$1,734,480$691,658$490,816$1,212,730
82$1,827,968$642,120$423,829$1,225,342
83$1,928,362$587,526$351,969$1,238,246
84$2,036,287$527,546$274,991$1,251,549
85$2,152,423$461,831$192,639$1,265,381
86$2,277,521$390,011$104,643$1,279,889
87$2,412,404$311,697$10,724$1,295,247
88$2,557,976$226,477$0$1,311,654
89$2,715,230$133,916$0$1,341,755
90$2,885,260$33,554$0$1,375,791
91$3,069,264$0$0$1,412,618
92$3,268,563$0$0$1,488,984
93$3,484,606$0$0$1,589,473
94$3,718,989$0$0$1,698,593
95$3,973,467$0$0$1,817,173
96$4,249,968$0$0$1,946,127
97$4,550,615$0$0$2,086,457
98$4,877,743$0$0$2,239,268
99$5,233,922$0$0$2,405,776
100$5,621,979$0$0$2,587,318