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%12.2%
1 years$78,120$77,424$76,745$76,082$75,435$74,741
2 years$38,673$37,953$37,255$36,578$35,922$35,222
3 years$25,526$24,803$24,106$23,436$22,790$22,107
4 years$18,954$18,233$17,543$16,884$16,254$15,593
5 years$15,011$14,295$13,614$12,969$12,356$11,718
6 years$12,384$11,673$11,002$10,371$9,777$9,164
7 years$10,508$9,803$9,143$8,527$7,951$7,363
8 years$9,102$8,403$7,754$7,153$6,596$6,032
9 years$8,008$7,316$6,679$6,093$5,555$5,016
10 years$7,134$6,449$5,822$5,252$4,733$4,218
11 years$6,420$5,741$5,126$4,571$4,071$3,579
12 years$5,825$5,153$4,549$4,009$3,528$3,060
13 years$5,321$4,657$4,064$3,539$3,076$2,631
14 years$4,890$4,233$3,652$3,142$2,697$2,274
15 years$4,517$3,867$3,297$2,802$2,374$1,973
16 years$4,191$3,548$2,989$2,509$2,098$1,718
17 years$3,904$3,267$2,720$2,254$1,861$1,500
18 years$3,648$3,019$2,483$2,032$1,654$1,314
19 years$3,420$2,798$2,273$1,836$1,475$1,153
20 years$3,215$2,600$2,086$1,663$1,317$1,014
21 years$3,030$2,422$1,919$1,509$1,179$893
22 years$2,862$2,261$1,769$1,372$1,056$787
23 years$2,708$2,114$1,633$1,249$948$695
24 years$2,568$1,981$1,510$1,140$852$614
25 years$2,439$1,859$1,399$1,041$767$544
26 years$2,320$1,747$1,297$952$691$481
27 years$2,210$1,644$1,205$871$623$427
28 years$2,108$1,549$1,120$798$562$378
29 years$2,014$1,462$1,042$732$508$336
30 years$1,926$1,380$971$672$459$298
31 years$1,843$1,305$905$617$415$265
32 years$1,766$1,235$844$567$375$235
33 years$1,694$1,169$788$521$339$209
34 years$1,626$1,108$737$480$307$186
35 years$1,563$1,051$689$442$278$165
36 years$1,502$998$644$407$252$147
37 years$1,446$948$603$375$229$131
38 years$1,392$901$565$345$207$116
39 years$1,341$856$529$318$188$104
40 years$1,293$815$496$294$170$92
41 years$1,248$776$465$271$155$82
42 years$1,204$739$436$250$140$73
43 years$1,163$704$409$231$127$65
44 years$1,124$671$384$213$116$58
45 years$1,087$640$361$197$105$52
46 years$1,051$610$339$182$95$46
47 years$1,017$582$318$168$87$41
48 years$984$556$299$155$79$36
49 years$953$531$281$143$71$32
50 years$924$507$264$133$65$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $946,000, adding $3,485 every year, while hoping to spend $58,690 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: 48/24/28 Blend
69$946,000$946,000$946,000$946,000
70$1,046,087$995,949$981,286$1,087,791
71$1,090,342$982,305$951,713$1,103,836
72$1,137,144$966,025$919,183$1,115,219
73$1,186,691$946,918$883,534$1,126,443
74$1,239,199$924,783$844,597$1,137,524
75$1,294,904$899,403$802,198$1,148,482
76$1,354,063$870,554$756,151$1,159,343
77$1,416,961$837,994$706,265$1,170,140
78$1,483,904$801,469$652,338$1,180,916
79$1,555,231$760,710$594,161$1,191,720
80$1,631,313$715,433$531,514$1,202,613
81$1,712,555$665,337$464,167$1,213,668
82$1,799,402$610,104$391,882$1,224,972
83$1,892,340$549,399$314,409$1,236,623
84$1,991,903$482,864$231,487$1,248,742
85$2,098,678$410,126$142,843$1,261,464
86$2,213,308$330,786$48,193$1,274,947
87$2,336,498$244,427$0$1,289,373
88$2,469,022$150,606$0$1,320,731
89$2,611,731$48,854$0$1,369,871
90$2,765,559$0$0$1,422,748
91$2,931,532$0$0$1,495,968
92$3,110,775$0$0$1,589,058
93$3,304,529$0$0$1,689,769
94$3,514,155$0$0$1,798,819
95$3,741,147$0$0$1,916,999
96$3,987,153$0$0$2,045,175
97$4,253,979$0$0$2,184,304
98$4,543,616$0$0$2,335,435
99$4,858,252$0$0$2,499,724
100$5,200,293$0$0$2,678,442