Can I retire at age 70 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$77,129$76,442$75,772$75,117$74,478$72,297
2 years$38,183$37,471$36,782$36,114$35,466$33,286
3 years$25,202$24,488$23,801$23,139$22,501$20,391
4 years$18,713$18,001$17,321$16,670$16,048$14,024
5 years$14,821$14,113$13,442$12,804$12,199$10,266
6 years$12,227$11,525$10,863$10,240$9,653$7,813
7 years$10,375$9,678$9,027$8,419$7,850$6,104
8 years$8,986$8,296$7,656$7,062$6,513$4,858
9 years$7,907$7,223$6,594$6,015$5,485$3,920
10 years$7,044$6,367$5,749$5,185$4,673$3,197
11 years$6,338$5,668$5,061$4,513$4,019$2,629
12 years$5,751$5,087$4,492$3,958$3,483$2,175
13 years$5,254$4,597$4,013$3,495$3,037$1,810
14 years$4,828$4,179$3,606$3,102$2,662$1,512
15 years$4,460$3,818$3,255$2,767$2,344$1,267
16 years$4,138$3,503$2,951$2,477$2,072$1,065
17 years$3,854$3,226$2,686$2,226$1,837$898
18 years$3,602$2,981$2,452$2,006$1,633$758
19 years$3,377$2,763$2,244$1,812$1,456$641
20 years$3,174$2,567$2,060$1,641$1,300$543
21 years$2,991$2,391$1,895$1,490$1,164$460
22 years$2,825$2,232$1,746$1,355$1,043$391
23 years$2,674$2,088$1,612$1,234$936$332
24 years$2,535$1,956$1,491$1,125$842$282
25 years$2,408$1,836$1,381$1,028$757$240
26 years$2,291$1,725$1,281$940$682$204
27 years$2,182$1,624$1,189$860$615$174
28 years$2,082$1,530$1,106$788$555$148
29 years$1,988$1,443$1,029$723$501$126
30 years$1,901$1,363$958$663$453$107
31 years$1,820$1,288$894$609$409$91
32 years$1,744$1,219$834$560$370$78
33 years$1,673$1,155$778$515$335$66
34 years$1,606$1,094$727$474$303$57
35 years$1,543$1,038$680$436$275$48
36 years$1,483$985$636$401$249$41
37 years$1,427$936$595$370$226$35
38 years$1,374$889$558$341$205$30
39 years$1,324$846$522$314$186$26
40 years$1,277$804$490$290$168$22
41 years$1,232$766$459$268$153$19
42 years$1,189$729$431$247$139$16
43 years$1,148$695$404$228$126$14
44 years$1,110$662$379$210$114$12
45 years$1,073$632$356$194$104$10
46 years$1,038$603$335$180$94$8
47 years$1,004$575$314$166$85$7
48 years$972$549$295$153$78$6
49 years$941$524$278$142$70$5
50 years$912$501$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $934,000, adding $2,639 every year, while hoping to spend $26,250 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: 67/6/27 Blend
69$934,000$934,000$934,000$934,000
70$1,031,990$982,488$968,011$1,093,697
71$1,109,323$1,002,700$972,510$1,155,785
72$1,193,665$1,023,023$976,279$1,220,459
73$1,285,701$1,043,434$979,267$1,290,605
74$1,386,190$1,063,909$981,420$1,366,764
75$1,495,962$1,084,422$982,679$1,449,534
76$1,615,936$1,104,944$982,984$1,539,572
77$1,747,119$1,125,444$982,271$1,637,604
78$1,890,624$1,145,889$980,476$1,744,429
79$2,047,672$1,166,243$977,527$1,860,931
80$2,219,612$1,186,466$973,351$1,988,079
81$2,407,927$1,206,517$967,873$2,126,946
82$2,614,251$1,226,351$961,012$2,278,713
83$2,840,381$1,245,920$952,683$2,444,682
84$3,088,301$1,265,171$942,798$2,626,287
85$3,360,192$1,284,048$931,266$2,825,111
86$3,658,457$1,302,493$917,990$3,042,897
87$3,985,745$1,320,440$902,867$3,281,569
88$4,344,971$1,337,821$885,793$3,543,246
89$4,739,348$1,354,564$866,657$3,830,263
90$5,172,413$1,370,590$845,342$4,145,197
91$5,648,065$1,385,814$821,727$4,490,886
92$6,170,598$1,400,149$795,685$4,870,459
93$6,744,741$1,413,499$767,083$5,287,367
94$7,375,707$1,425,762$735,782$5,745,411
95$8,069,235$1,436,831$701,637$6,248,784
96$8,831,652$1,446,591$664,496$6,802,106
97$9,669,925$1,454,918$624,201$7,410,470
98$10,591,731$1,461,682$580,586$8,079,489
99$11,605,528$1,466,746$533,476$8,815,353
100$12,720,636$1,469,961$482,692$9,624,882