Can I retire at age 70 with 935,000?

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 $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%12.8%
1 years$77,211$76,524$75,853$75,198$74,558$73,688
2 years$38,223$37,512$36,822$36,153$35,504$34,628
3 years$25,229$24,514$23,826$23,163$22,525$21,670
4 years$18,733$18,021$17,339$16,688$16,065$15,238
5 years$14,837$14,128$13,456$12,818$12,212$11,416
6 years$12,240$11,537$10,874$10,251$9,663$8,899
7 years$10,386$9,689$9,037$8,428$7,859$7,126
8 years$8,996$8,305$7,664$7,070$6,520$5,819
9 years$7,915$7,231$6,601$6,022$5,491$4,821
10 years$7,051$6,374$5,755$5,191$4,678$4,039
11 years$6,345$5,674$5,066$4,518$4,023$3,415
12 years$5,757$5,093$4,496$3,963$3,487$2,908
13 years$5,260$4,602$4,017$3,498$3,040$2,491
14 years$4,834$4,183$3,609$3,105$2,665$2,144
15 years$4,465$3,822$3,259$2,769$2,347$1,853
16 years$4,142$3,506$2,955$2,480$2,074$1,607
17 years$3,858$3,229$2,689$2,228$1,839$1,398
18 years$3,606$2,984$2,454$2,008$1,635$1,218
19 years$3,380$2,765$2,247$1,814$1,457$1,065
20 years$3,178$2,570$2,062$1,643$1,302$932
21 years$2,995$2,394$1,897$1,491$1,165$817
22 years$2,828$2,234$1,748$1,356$1,044$717
23 years$2,677$2,090$1,614$1,235$937$630
24 years$2,538$1,958$1,493$1,126$842$555
25 years$2,411$1,837$1,383$1,029$758$488
26 years$2,293$1,727$1,282$941$683$430
27 years$2,185$1,625$1,191$861$616$380
28 years$2,084$1,531$1,107$789$556$335
29 years$1,990$1,445$1,030$723$502$296
30 years$1,903$1,364$959$664$453$261
31 years$1,822$1,290$894$610$410$231
32 years$1,746$1,220$835$560$371$204
33 years$1,674$1,156$779$515$335$181
34 years$1,607$1,095$728$474$304$160
35 years$1,544$1,039$681$436$275$141
36 years$1,485$986$637$402$249$125
37 years$1,429$937$596$370$226$111
38 years$1,376$890$558$341$205$98
39 years$1,326$846$523$315$186$87
40 years$1,278$805$490$290$168$77
41 years$1,233$767$460$268$153$68
42 years$1,190$730$431$247$139$60
43 years$1,150$696$405$228$126$53
44 years$1,111$663$380$211$114$47
45 years$1,074$632$357$195$104$42
46 years$1,039$603$335$180$94$37
47 years$1,005$576$315$166$86$33
48 years$973$549$296$153$78$29
49 years$942$525$278$142$71$26
50 years$913$501$261$131$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $935,000, adding $3,067 every year, while hoping to spend $53,300 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: 65/11/24 Blend
69$935,000$935,000$935,000$935,000
70$1,033,534$983,979$969,486$1,094,081
71$1,082,243$975,483$945,253$1,126,754
72$1,134,135$964,784$918,422$1,156,177
73$1,189,477$951,719$888,849$1,187,122
74$1,248,563$936,113$856,385$1,219,744
75$1,311,715$917,781$820,873$1,254,212
76$1,379,287$896,529$782,149$1,290,718
77$1,451,664$872,149$740,041$1,329,471
78$1,529,273$844,423$694,371$1,370,706
79$1,612,578$813,119$644,952$1,414,684
80$1,702,091$777,992$591,588$1,461,695
81$1,798,372$738,782$534,074$1,512,059
82$1,902,039$695,214$472,198$1,566,135
83$2,013,766$646,999$405,736$1,624,317
84$2,134,298$593,830$334,456$1,687,045
85$2,264,451$535,382$258,114$1,754,806
86$2,405,121$471,312$176,458$1,828,141
87$2,557,296$401,259$89,221$1,907,649
88$2,722,058$324,838$0$1,993,993
89$2,900,599$241,646$0$2,088,901
90$3,094,229$151,256$0$2,216,643
91$3,304,390$53,217$0$2,355,327
92$3,532,665$0$0$2,506,031
93$3,780,798$0$0$2,676,354
94$4,050,706$0$0$2,868,687
95$4,344,499$0$0$3,078,097
96$4,664,498$0$0$3,306,246
97$5,013,259$0$0$3,554,963
98$5,393,592$0$0$3,826,260
99$5,808,593$0$0$4,122,354
100$6,261,666$0$0$4,445,682