Can I retire at age 70 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$78,120$77,424$76,745$76,082$75,435$72,846
2 years$38,673$37,953$37,255$36,578$35,922$33,339
3 years$25,526$24,803$24,106$23,436$22,790$20,296
4 years$18,954$18,233$17,543$16,884$16,254$13,867
5 years$15,011$14,295$13,614$12,969$12,356$10,082
6 years$12,384$11,673$11,002$10,371$9,777$7,618
7 years$10,508$9,803$9,143$8,527$7,951$5,908
8 years$9,102$8,403$7,754$7,153$6,596$4,666
9 years$8,008$7,316$6,679$6,093$5,555$3,736
10 years$7,134$6,449$5,822$5,252$4,733$3,022
11 years$6,420$5,741$5,126$4,571$4,071$2,464
12 years$5,825$5,153$4,549$4,009$3,528$2,021
13 years$5,321$4,657$4,064$3,539$3,076$1,667
14 years$4,890$4,233$3,652$3,142$2,697$1,380
15 years$4,517$3,867$3,297$2,802$2,374$1,146
16 years$4,191$3,548$2,989$2,509$2,098$955
17 years$3,904$3,267$2,720$2,254$1,861$797
18 years$3,648$3,019$2,483$2,032$1,654$666
19 years$3,420$2,798$2,273$1,836$1,475$558
20 years$3,215$2,600$2,086$1,663$1,317$468
21 years$3,030$2,422$1,919$1,509$1,179$393
22 years$2,862$2,261$1,769$1,372$1,056$330
23 years$2,708$2,114$1,633$1,249$948$277
24 years$2,568$1,981$1,510$1,140$852$233
25 years$2,439$1,859$1,399$1,041$767$196
26 years$2,320$1,747$1,297$952$691$165
27 years$2,210$1,644$1,205$871$623$139
28 years$2,108$1,549$1,120$798$562$117
29 years$2,014$1,462$1,042$732$508$99
30 years$1,926$1,380$971$672$459$83
31 years$1,843$1,305$905$617$415$70
32 years$1,766$1,235$844$567$375$59
33 years$1,694$1,169$788$521$339$50
34 years$1,626$1,108$737$480$307$42
35 years$1,563$1,051$689$442$278$36
36 years$1,502$998$644$407$252$30
37 years$1,446$948$603$375$229$25
38 years$1,392$901$565$345$207$21
39 years$1,341$856$529$318$188$18
40 years$1,293$815$496$294$170$15
41 years$1,248$776$465$271$155$13
42 years$1,204$739$436$250$140$11
43 years$1,163$704$409$231$127$9
44 years$1,124$671$384$213$116$8
45 years$1,087$640$361$197$105$6
46 years$1,051$610$339$182$95$5
47 years$1,017$582$318$168$87$5
48 years$984$556$299$155$79$4
49 years$953$531$281$143$71$3
50 years$924$507$264$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $946,000, adding $4,396 every year, while hoping to spend $32,843 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: 41/39/20 Blend
69$946,000$946,000$946,000$946,000
70$1,047,026$996,888$982,225$1,083,624
71$1,118,878$1,010,791$980,185$1,124,024
72$1,196,959$1,024,275$976,976$1,164,230
73$1,281,868$1,037,283$972,524$1,207,072
74$1,374,266$1,049,758$966,751$1,252,809
75$1,474,881$1,061,636$959,577$1,301,727
76$1,584,512$1,072,850$950,917$1,354,142
77$1,704,041$1,083,328$940,681$1,410,405
78$1,834,436$1,092,993$928,776$1,470,903
79$1,976,763$1,101,765$915,105$1,536,065
80$2,132,196$1,109,555$899,565$1,606,363
81$2,302,029$1,116,272$882,049$1,682,323
82$2,487,684$1,121,817$862,446$1,764,524
83$2,690,727$1,126,086$840,637$1,853,606
84$2,912,884$1,128,966$816,501$1,950,278
85$3,156,053$1,130,341$789,909$2,055,324
86$3,422,327$1,130,083$760,726$2,169,609
87$3,714,007$1,128,060$728,814$2,294,091
88$4,033,631$1,124,130$694,024$2,429,827
89$4,383,991$1,118,143$656,204$2,577,986
90$4,768,164$1,109,938$615,193$2,739,860
91$5,189,539$1,099,347$570,824$2,916,875
92$5,651,848$1,086,191$522,922$3,110,610
93$6,159,200$1,070,278$471,304$3,322,805
94$6,716,125$1,051,408$415,779$3,555,385
95$7,327,609$1,029,367$356,147$3,810,475
96$7,999,148$1,003,928$292,201$4,090,422
97$8,736,794$974,853$223,722$4,397,817
98$9,547,214$941,888$150,484$4,735,523
99$10,437,753$904,765$72,249$5,106,700
100$11,416,505$863,199$0$5,514,837