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%11.4%
1 years$78,120$77,424$76,745$76,082$75,435$74,991
2 years$38,673$37,953$37,255$36,578$35,922$35,474
3 years$25,526$24,803$24,106$23,436$22,790$22,352
4 years$18,954$18,233$17,543$16,884$16,254$15,829
5 years$15,011$14,295$13,614$12,969$12,356$11,946
6 years$12,384$11,673$11,002$10,371$9,777$9,382
7 years$10,508$9,803$9,143$8,527$7,951$7,572
8 years$9,102$8,403$7,754$7,153$6,596$6,232
9 years$8,008$7,316$6,679$6,093$5,555$5,206
10 years$7,134$6,449$5,822$5,252$4,733$4,399
11 years$6,420$5,741$5,126$4,571$4,071$3,751
12 years$5,825$5,153$4,549$4,009$3,528$3,223
13 years$5,321$4,657$4,064$3,539$3,076$2,785
14 years$4,890$4,233$3,652$3,142$2,697$2,420
15 years$4,517$3,867$3,297$2,802$2,374$2,111
16 years$4,191$3,548$2,989$2,509$2,098$1,848
17 years$3,904$3,267$2,720$2,254$1,861$1,623
18 years$3,648$3,019$2,483$2,032$1,654$1,429
19 years$3,420$2,798$2,273$1,836$1,475$1,261
20 years$3,215$2,600$2,086$1,663$1,317$1,116
21 years$3,030$2,422$1,919$1,509$1,179$988
22 years$2,862$2,261$1,769$1,372$1,056$877
23 years$2,708$2,114$1,633$1,249$948$779
24 years$2,568$1,981$1,510$1,140$852$693
25 years$2,439$1,859$1,399$1,041$767$617
26 years$2,320$1,747$1,297$952$691$549
27 years$2,210$1,644$1,205$871$623$490
28 years$2,108$1,549$1,120$798$562$437
29 years$2,014$1,462$1,042$732$508$391
30 years$1,926$1,380$971$672$459$349
31 years$1,843$1,305$905$617$415$312
32 years$1,766$1,235$844$567$375$279
33 years$1,694$1,169$788$521$339$250
34 years$1,626$1,108$737$480$307$223
35 years$1,563$1,051$689$442$278$200
36 years$1,502$998$644$407$252$179
37 years$1,446$948$603$375$229$160
38 years$1,392$901$565$345$207$144
39 years$1,341$856$529$318$188$129
40 years$1,293$815$496$294$170$115
41 years$1,248$776$465$271$155$103
42 years$1,204$739$436$250$140$93
43 years$1,163$704$409$231$127$83
44 years$1,124$671$384$213$116$75
45 years$1,087$640$361$197$105$67
46 years$1,051$610$339$182$95$60
47 years$1,017$582$318$168$87$54
48 years$984$556$299$155$79$48
49 years$953$531$281$143$71$43
50 years$924$507$264$133$65$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $946,000, adding $5,043 every year, while hoping to spend $53,116 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: 40/37/23 Blend
69$946,000$946,000$946,000$946,000
70$1,047,694$997,556$982,893$1,082,297
71$1,098,044$989,921$959,305$1,100,033
72$1,151,749$980,132$933,146$1,113,808
73$1,209,096$968,027$904,275$1,127,647
74$1,270,398$953,435$872,543$1,141,589
75$1,335,999$936,173$837,793$1,155,676
76$1,406,276$916,051$799,865$1,169,963
77$1,481,642$892,864$758,586$1,184,511
78$1,562,552$866,396$713,781$1,199,395
79$1,649,502$836,420$665,263$1,214,703
80$1,743,040$802,693$612,838$1,230,534
81$1,843,765$764,960$556,303$1,247,007
82$1,952,337$722,951$495,447$1,264,256
83$2,069,479$676,379$430,048$1,282,438
84$2,195,987$624,942$359,875$1,301,730
85$2,332,734$568,321$284,687$1,322,337
86$2,480,681$506,177$204,233$1,344,490
87$2,640,884$438,153$118,248$1,368,456
88$2,814,504$363,872$26,459$1,394,533
89$3,002,817$282,935$0$1,423,061
90$3,207,226$194,922$0$1,471,972
91$3,429,276$99,386$0$1,532,222
92$3,670,666$0$0$1,597,878
93$3,933,262$0$0$1,671,257
94$4,219,121$0$0$1,795,294
95$4,530,504$0$0$1,930,520
96$4,869,902$0$0$2,078,031
97$5,240,052$0$0$2,239,032
98$5,643,970$0$0$2,414,849
99$6,084,976$0$0$2,606,944
100$6,566,721$0$0$2,816,925