Can I retire at age 70 with 933,000?

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 $933,000?

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$77,046$76,360$75,690$75,037$74,399$73,899
2 years$38,142$37,431$36,743$36,075$35,428$34,924
3 years$25,175$24,462$23,775$23,114$22,477$21,984
4 years$18,693$17,982$17,302$16,652$16,031$15,553
5 years$14,805$14,098$13,427$12,791$12,186$11,725
6 years$12,214$11,512$10,851$10,229$9,643$9,199
7 years$10,364$9,668$9,017$8,410$7,842$7,415
8 years$8,977$8,287$7,647$7,055$6,506$6,096
9 years$7,898$7,215$6,587$6,009$5,479$5,087
10 years$7,036$6,360$5,742$5,180$4,668$4,293
11 years$6,332$5,662$5,056$4,508$4,015$3,657
12 years$5,745$5,082$4,487$3,954$3,479$3,137
13 years$5,248$4,593$4,009$3,491$3,034$2,708
14 years$4,823$4,175$3,602$3,099$2,659$2,350
15 years$4,455$3,814$3,252$2,764$2,342$2,047
16 years$4,134$3,499$2,948$2,474$2,070$1,790
17 years$3,850$3,222$2,683$2,223$1,835$1,570
18 years$3,598$2,978$2,449$2,004$1,632$1,380
19 years$3,373$2,760$2,242$1,810$1,454$1,216
20 years$3,171$2,564$2,058$1,640$1,299$1,074
21 years$2,988$2,389$1,893$1,488$1,162$950
22 years$2,822$2,230$1,744$1,353$1,042$842
23 years$2,671$2,085$1,611$1,232$935$747
24 years$2,533$1,954$1,490$1,124$841$663
25 years$2,405$1,834$1,380$1,026$756$589
26 years$2,288$1,723$1,279$938$681$524
27 years$2,180$1,622$1,188$859$614$467
28 years$2,079$1,528$1,105$787$554$416
29 years$1,986$1,442$1,028$722$501$371
30 years$1,899$1,362$957$662$452$331
31 years$1,818$1,287$893$608$409$295
32 years$1,742$1,218$833$559$370$264
33 years$1,671$1,153$778$514$335$235
34 years$1,604$1,093$727$473$303$210
35 years$1,541$1,037$679$435$275$188
36 years$1,482$984$635$401$249$168
37 years$1,426$935$595$370$225$150
38 years$1,373$888$557$341$204$134
39 years$1,323$845$522$314$185$120
40 years$1,276$804$489$290$168$108
41 years$1,231$765$459$267$153$96
42 years$1,188$728$430$247$138$86
43 years$1,147$694$404$228$126$77
44 years$1,109$662$379$210$114$69
45 years$1,072$631$356$194$103$62
46 years$1,037$602$334$179$94$55
47 years$1,003$574$314$166$85$50
48 years$971$548$295$153$77$44
49 years$940$524$277$141$70$40
50 years$911$500$261$131$64$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $933,000, adding $6,016 every year, while hoping to spend $53,750 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: 70/18/12 Blend
69$933,000$933,000$933,000$933,000
70$1,034,372$984,923$970,461$1,103,721
71$1,082,688$975,994$945,782$1,141,586
72$1,134,131$964,827$918,475$1,175,926
73$1,188,963$951,254$888,394$1,212,086
74$1,247,471$935,099$855,389$1,250,238
75$1,309,970$916,176$819,302$1,290,567
76$1,376,804$894,286$779,966$1,333,283
77$1,448,352$869,220$737,208$1,378,617
78$1,525,028$840,756$690,849$1,426,823
79$1,607,287$808,658$640,698$1,478,185
80$1,695,627$772,679$586,558$1,533,017
81$1,790,596$732,556$528,223$1,591,667
82$1,892,796$688,010$465,477$1,654,517
83$2,002,886$638,747$398,096$1,721,996
84$2,121,591$584,457$325,843$1,794,574
85$2,249,709$524,811$248,474$1,872,773
86$2,388,113$459,461$165,732$1,957,171
87$2,537,766$388,040$77,350$2,048,408
88$2,699,725$310,161$0$2,147,192
89$2,875,151$225,413$0$2,256,478
90$3,065,323$133,364$0$2,385,671
91$3,271,645$33,558$0$2,525,853
92$3,495,662$0$0$2,678,125
93$3,739,073$0$0$2,858,456
94$4,003,748$0$0$3,061,811
95$4,291,744$0$0$3,283,131
96$4,605,323$0$0$3,524,159
97$4,946,975$0$0$3,786,815
98$5,319,441$0$0$4,073,213
99$5,725,737$0$0$4,385,678
100$6,169,181$0$0$4,726,770