Can I retire at age 70 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$77,211$76,524$75,853$75,198$74,558$73,657
2 years$38,223$37,512$36,822$36,153$35,504$34,597
3 years$25,229$24,514$23,826$23,163$22,525$21,641
4 years$18,733$18,021$17,339$16,688$16,065$15,210
5 years$14,837$14,128$13,456$12,818$12,212$11,389
6 years$12,240$11,537$10,874$10,251$9,663$8,873
7 years$10,386$9,689$9,037$8,428$7,859$7,101
8 years$8,996$8,305$7,664$7,070$6,520$5,795
9 years$7,915$7,231$6,601$6,022$5,491$4,798
10 years$7,051$6,374$5,755$5,191$4,678$4,018
11 years$6,345$5,674$5,066$4,518$4,023$3,395
12 years$5,757$5,093$4,496$3,963$3,487$2,889
13 years$5,260$4,602$4,017$3,498$3,040$2,473
14 years$4,834$4,183$3,609$3,105$2,665$2,127
15 years$4,465$3,822$3,259$2,769$2,347$1,837
16 years$4,142$3,506$2,955$2,480$2,074$1,592
17 years$3,858$3,229$2,689$2,228$1,839$1,384
18 years$3,606$2,984$2,454$2,008$1,635$1,206
19 years$3,380$2,765$2,247$1,814$1,457$1,053
20 years$3,178$2,570$2,062$1,643$1,302$921
21 years$2,995$2,394$1,897$1,491$1,165$807
22 years$2,828$2,234$1,748$1,356$1,044$708
23 years$2,677$2,090$1,614$1,235$937$621
24 years$2,538$1,958$1,493$1,126$842$546
25 years$2,411$1,837$1,383$1,029$758$481
26 years$2,293$1,727$1,282$941$683$423
27 years$2,185$1,625$1,191$861$616$373
28 years$2,084$1,531$1,107$789$556$329
29 years$1,990$1,445$1,030$723$502$290
30 years$1,903$1,364$959$664$453$256
31 years$1,822$1,290$894$610$410$226
32 years$1,746$1,220$835$560$371$200
33 years$1,674$1,156$779$515$335$177
34 years$1,607$1,095$728$474$304$156
35 years$1,544$1,039$681$436$275$138
36 years$1,485$986$637$402$249$122
37 years$1,429$937$596$370$226$108
38 years$1,376$890$558$341$205$95
39 years$1,326$846$523$315$186$84
40 years$1,278$805$490$290$168$75
41 years$1,233$767$460$268$153$66
42 years$1,190$730$431$247$139$59
43 years$1,150$696$405$228$126$52
44 years$1,111$663$380$211$114$46
45 years$1,074$632$357$195$104$41
46 years$1,039$603$335$180$94$36
47 years$1,005$576$315$166$86$32
48 years$973$549$296$153$78$28
49 years$942$525$278$142$71$25
50 years$913$501$261$131$64$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $935,000, adding $4,099 every year, while hoping to spend $47,113 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: 38/46/16 Blend
69$935,000$935,000$935,000$935,000
70$1,034,598$985,043$970,551$1,068,779
71$1,089,999$983,182$952,936$1,091,792
72$1,149,472$979,651$933,153$1,111,827
73$1,213,383$974,319$911,078$1,132,475
74$1,282,132$967,045$886,583$1,153,816
75$1,356,161$957,681$859,535$1,175,941
76$1,435,953$946,071$829,793$1,198,953
77$1,522,040$932,048$797,211$1,222,972
78$1,615,006$915,436$761,635$1,248,130
79$1,715,492$896,049$722,906$1,274,581
80$1,824,205$873,687$680,855$1,302,497
81$1,941,918$848,143$635,309$1,332,072
82$2,069,486$819,194$586,083$1,363,526
83$2,207,844$786,605$532,988$1,397,108
84$2,358,024$750,128$475,822$1,433,096
85$2,521,159$709,501$414,379$1,471,803
86$2,698,496$664,445$348,440$1,513,582
87$2,891,407$614,667$277,777$1,558,829
88$3,101,401$559,857$202,153$1,607,986
89$3,330,140$499,686$121,321$1,661,549
90$3,579,450$433,807$35,022$1,720,074
91$3,851,344$361,853$0$1,784,182
92$4,148,034$283,437$0$1,864,311
93$4,471,959$198,151$0$1,958,505
94$4,825,800$105,561$0$2,061,692
95$5,212,510$5,212$0$2,174,891
96$5,635,340$0$0$2,299,228
97$6,097,871$0$0$2,488,286
98$6,604,043$0$0$2,698,195
99$7,158,197$0$0$2,928,132
100$7,765,112$0$0$3,180,097