Can I retire at age 70 with 949,000?

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 $949,000?

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$78,368$77,669$76,988$76,324$75,675$74,760
2 years$38,796$38,073$37,373$36,694$36,036$35,115
3 years$25,607$24,881$24,183$23,510$22,862$21,965
4 years$19,014$18,290$17,599$16,938$16,306$15,438
5 years$15,059$14,340$13,657$13,010$12,395$11,559
6 years$12,423$11,710$11,037$10,404$9,808$9,005
7 years$10,541$9,834$9,172$8,554$7,977$7,207
8 years$9,131$8,429$7,779$7,176$6,617$5,882
9 years$8,034$7,339$6,700$6,112$5,573$4,870
10 years$7,157$6,469$5,841$5,269$4,748$4,078
11 years$6,440$5,759$5,142$4,585$4,084$3,446
12 years$5,843$5,169$4,564$4,022$3,539$2,932
13 years$5,338$4,671$4,077$3,551$3,086$2,510
14 years$4,906$4,246$3,663$3,152$2,705$2,159
15 years$4,532$3,879$3,308$2,811$2,382$1,865
16 years$4,204$3,559$2,999$2,517$2,105$1,616
17 years$3,916$3,278$2,729$2,261$1,866$1,404
18 years$3,660$3,029$2,491$2,038$1,660$1,224
19 years$3,431$2,807$2,280$1,842$1,479$1,068
20 years$3,225$2,608$2,093$1,668$1,321$934
21 years$3,039$2,430$1,925$1,514$1,182$819
22 years$2,871$2,268$1,774$1,376$1,060$718
23 years$2,717$2,121$1,638$1,253$951$631
24 years$2,576$1,987$1,515$1,143$855$554
25 years$2,447$1,865$1,403$1,044$769$488
26 years$2,327$1,753$1,301$955$693$430
27 years$2,217$1,650$1,209$874$625$379
28 years$2,115$1,554$1,123$801$564$334
29 years$2,020$1,466$1,045$734$509$295
30 years$1,932$1,385$974$674$460$260
31 years$1,849$1,309$908$619$416$230
32 years$1,772$1,239$847$569$376$203
33 years$1,700$1,173$791$523$340$179
34 years$1,632$1,112$739$481$308$158
35 years$1,568$1,055$691$443$279$140
36 years$1,507$1,001$646$408$253$124
37 years$1,450$951$605$376$229$110
38 years$1,397$903$566$346$208$97
39 years$1,346$859$531$319$189$86
40 years$1,297$817$497$295$171$76
41 years$1,252$778$466$272$155$67
42 years$1,208$741$438$251$141$59
43 years$1,167$706$411$232$128$53
44 years$1,128$673$385$214$116$47
45 years$1,090$642$362$197$105$41
46 years$1,054$612$340$182$96$36
47 years$1,020$584$319$169$87$32
48 years$988$558$300$156$79$29
49 years$956$533$282$144$72$25
50 years$927$509$265$133$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $949,000, adding $5,282 every year, while hoping to spend $33,156 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: 55/40/5 Blend
69$949,000$949,000$949,000$949,000
70$1,051,246$1,000,949$986,240$1,107,701
71$1,123,196$1,014,718$984,001$1,160,123
72$1,201,373$1,028,050$980,576$1,213,009
73$1,286,378$1,040,890$975,890$1,269,764
74$1,378,871$1,053,176$969,865$1,330,759
75$1,479,578$1,064,844$962,418$1,396,404
76$1,589,300$1,075,826$953,464$1,467,149
77$1,708,916$1,086,049$942,912$1,543,493
78$1,839,394$1,095,434$930,669$1,625,984
79$1,981,800$1,103,898$916,634$1,715,230
80$2,137,307$1,111,353$900,705$1,811,898
81$2,307,207$1,117,704$882,773$1,916,726
82$2,492,921$1,122,851$862,725$2,030,529
83$2,696,016$1,126,687$840,443$2,154,203
84$2,918,213$1,129,098$815,802$2,288,740
85$3,161,412$1,129,965$788,672$2,435,234
86$3,427,702$1,129,159$758,918$2,594,889
87$3,719,383$1,126,544$726,398$2,769,036
88$4,038,991$1,121,975$690,963$2,959,144
89$4,389,316$1,115,300$652,459$3,166,831
90$4,773,433$1,106,356$610,722$3,393,884
91$5,194,726$1,094,970$565,584$3,642,275
92$5,656,924$1,080,960$516,867$3,914,177
93$6,164,136$1,064,132$464,388$4,211,990
94$6,720,884$1,044,281$407,951$4,538,359
95$7,332,153$1,021,190$347,356$4,896,205
96$8,003,432$994,627$282,392$5,288,745
97$8,740,769$964,351$212,839$5,719,534
98$9,550,825$930,102$138,467$6,192,487
99$10,440,939$891,607$59,036$6,711,927
100$11,419,197$848,578$0$7,282,620