Can I retire at age 70 with 938,000?

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 $938,000?

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 years$77,459$76,769$76,096$75,439$74,797$74,171
2 years$38,346$37,632$36,940$36,269$35,618$34,986
3 years$25,310$24,593$23,903$23,238$22,597$21,980
4 years$18,793$18,078$17,395$16,741$16,117$15,519
5 years$14,884$14,174$13,499$12,859$12,252$11,675
6 years$12,279$11,574$10,909$10,283$9,694$9,140
7 years$10,419$9,720$9,066$8,455$7,884$7,352
8 years$9,025$8,332$7,688$7,092$6,541$6,030
9 years$7,941$7,254$6,622$6,041$5,508$5,020
10 years$7,074$6,394$5,773$5,208$4,693$4,227
11 years$6,365$5,692$5,083$4,532$4,036$3,591
12 years$5,775$5,109$4,511$3,975$3,498$3,073
13 years$5,276$4,617$4,030$3,510$3,050$2,646
14 years$4,849$4,197$3,621$3,115$2,674$2,290
15 years$4,479$3,834$3,269$2,778$2,354$1,990
16 years$4,156$3,518$2,964$2,488$2,081$1,735
17 years$3,871$3,240$2,697$2,235$1,845$1,517
18 years$3,618$2,993$2,462$2,014$1,640$1,330
19 years$3,391$2,774$2,254$1,820$1,462$1,169
20 years$3,188$2,578$2,069$1,649$1,306$1,029
21 years$3,004$2,401$1,903$1,496$1,169$908
22 years$2,837$2,242$1,754$1,360$1,048$802
23 years$2,685$2,096$1,619$1,239$940$709
24 years$2,546$1,964$1,497$1,130$845$628
25 years$2,418$1,843$1,387$1,032$761$556
26 years$2,300$1,732$1,286$944$685$493
27 years$2,192$1,630$1,194$864$618$438
28 years$2,091$1,536$1,110$791$557$389
29 years$1,997$1,449$1,033$726$503$346
30 years$1,909$1,369$963$666$455$307
31 years$1,828$1,294$897$612$411$273
32 years$1,751$1,224$837$562$372$243
33 years$1,680$1,159$782$517$337$217
34 years$1,613$1,099$730$476$305$193
35 years$1,549$1,042$683$438$276$172
36 years$1,490$989$639$403$250$153
37 years$1,434$940$598$371$227$136
38 years$1,380$893$560$342$205$122
39 years$1,330$849$525$316$186$108
40 years$1,282$808$492$291$169$97
41 years$1,237$769$461$269$153$86
42 years$1,194$732$432$248$139$77
43 years$1,153$698$406$229$126$69
44 years$1,114$665$381$211$115$61
45 years$1,077$634$358$195$104$55
46 years$1,042$605$336$180$94$49
47 years$1,008$577$316$167$86$43
48 years$976$551$297$154$78$39
49 years$945$526$279$142$71$35
50 years$916$503$262$131$64$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $938,000, adding $4,151 every year, while hoping to spend $50,335 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: 67/5/28 Blend
69$938,000$938,000$938,000$938,000
70$1,037,958$988,244$973,705$1,099,627
71$1,090,273$983,112$952,768$1,136,562
72$1,146,238$976,041$929,442$1,170,898
73$1,206,171$966,884$903,596$1,207,328
74$1,270,423$955,483$875,088$1,246,064
75$1,339,376$941,672$843,774$1,287,337
76$1,413,453$925,274$809,500$1,331,406
77$1,493,115$906,103$772,109$1,378,557
78$1,578,872$883,961$731,433$1,429,105
79$1,671,279$858,637$687,299$1,483,401
80$1,770,950$829,911$639,523$1,541,833
81$1,878,557$797,546$587,917$1,604,831
82$1,994,839$761,296$532,282$1,672,870
83$2,120,609$720,896$472,411$1,746,477
84$2,256,760$676,069$408,085$1,826,234
85$2,404,274$626,521$339,081$1,912,784
86$2,564,230$571,940$265,160$2,006,841
87$2,737,815$511,999$186,076$2,109,192
88$2,926,335$446,350$101,573$2,220,709
89$3,131,226$374,625$11,380$2,342,355
90$3,354,068$296,438$0$2,475,196
91$3,596,598$211,379$0$2,645,765
92$3,860,729$119,015$0$2,835,282
93$4,148,566$18,889$0$3,041,875
94$4,462,424$0$0$3,267,227
95$4,804,854$0$0$3,518,117
96$5,178,659$0$0$3,793,183
97$5,586,930$0$0$4,093,668
98$6,033,067$0$0$4,422,079
99$6,520,811$0$0$4,781,180
100$7,054,285$0$0$5,174,014