Can I retire at age 70 with 944,000?

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 $944,000?

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$77,955$77,260$76,583$75,922$75,276$74,366
2 years$38,591$37,873$37,176$36,501$35,846$34,930
3 years$25,472$24,750$24,055$23,386$22,742$21,849
4 years$18,914$18,194$17,506$16,849$16,220$15,356
5 years$14,980$14,264$13,586$12,941$12,330$11,499
6 years$12,358$11,648$10,979$10,349$9,756$8,958
7 years$10,486$9,782$9,124$8,509$7,934$7,169
8 years$9,082$8,385$7,738$7,138$6,582$5,851
9 years$7,992$7,301$6,664$6,080$5,543$4,845
10 years$7,119$6,435$5,810$5,241$4,723$4,057
11 years$6,406$5,729$5,115$4,561$4,062$3,428
12 years$5,812$5,142$4,540$4,001$3,520$2,917
13 years$5,310$4,647$4,056$3,532$3,070$2,497
14 years$4,880$4,224$3,644$3,135$2,691$2,148
15 years$4,508$3,858$3,290$2,796$2,369$1,855
16 years$4,182$3,540$2,983$2,504$2,094$1,607
17 years$3,895$3,260$2,714$2,250$1,857$1,397
18 years$3,641$3,013$2,478$2,027$1,651$1,217
19 years$3,413$2,792$2,268$1,832$1,471$1,063
20 years$3,208$2,595$2,082$1,659$1,314$929
21 years$3,023$2,417$1,915$1,506$1,176$814
22 years$2,856$2,256$1,765$1,369$1,054$714
23 years$2,703$2,110$1,630$1,247$946$627
24 years$2,562$1,977$1,507$1,137$851$552
25 years$2,434$1,855$1,396$1,039$765$485
26 years$2,315$1,744$1,295$950$689$427
27 years$2,206$1,641$1,202$869$622$377
28 years$2,104$1,546$1,118$796$561$332
29 years$2,010$1,459$1,040$730$506$293
30 years$1,922$1,378$969$670$458$259
31 years$1,839$1,302$903$616$414$228
32 years$1,763$1,232$843$566$374$202
33 years$1,691$1,167$787$520$339$178
34 years$1,623$1,106$735$479$307$158
35 years$1,559$1,049$687$441$278$139
36 years$1,499$996$643$406$252$123
37 years$1,443$946$602$374$228$109
38 years$1,389$899$564$345$207$96
39 years$1,339$855$528$318$188$85
40 years$1,291$813$495$293$170$75
41 years$1,245$774$464$270$154$67
42 years$1,202$737$435$250$140$59
43 years$1,161$702$408$230$127$52
44 years$1,122$669$383$213$115$46
45 years$1,084$638$360$196$105$41
46 years$1,049$609$338$181$95$36
47 years$1,015$581$318$168$86$32
48 years$982$555$298$155$78$28
49 years$951$530$281$143$71$25
50 years$922$506$264$132$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $944,000, adding $5,483 every year, while hoping to spend $56,865 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: 63/15/22 Blend
69$944,000$944,000$944,000$944,000
70$1,045,944$995,912$981,280$1,105,530
71$1,092,126$984,207$953,649$1,134,694
72$1,141,113$970,024$923,186$1,159,696
73$1,193,131$953,179$889,737$1,185,710
74$1,248,427$933,482$853,140$1,212,839
75$1,307,271$910,727$813,225$1,241,202
76$1,369,960$884,700$769,815$1,270,929
77$1,436,817$855,172$722,725$1,302,168
78$1,508,199$821,901$671,763$1,335,084
79$1,584,493$784,632$616,724$1,369,861
80$1,666,126$743,094$557,400$1,406,704
81$1,753,567$697,002$493,569$1,445,844
82$1,847,328$646,052$425,000$1,487,536
83$1,947,972$589,925$351,454$1,532,067
84$2,056,116$528,282$272,679$1,579,755
85$2,172,438$460,766$188,412$1,630,955
86$2,297,684$387,001$98,381$1,686,062
87$2,432,669$306,585$2,298$1,745,518
88$2,578,293$219,099$0$1,809,810
89$2,735,541$124,098$0$1,903,013
90$2,905,498$21,110$0$2,004,308
91$3,089,355$0$0$2,113,903
92$3,288,421$0$0$2,247,539
93$3,504,136$0$0$2,396,184
94$3,738,084$0$0$2,557,451
95$3,992,005$0$0$2,732,549
96$4,267,814$0$0$2,922,806
97$4,567,617$0$0$3,129,682
98$4,893,732$0$0$3,354,785
99$5,248,707$0$0$3,599,884
100$5,635,348$0$0$3,866,924