Can I retire at age 70 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$78,450$77,751$77,070$76,404$75,754$75,151
2 years$38,837$38,113$37,412$36,733$36,073$35,465
3 years$25,634$24,908$24,208$23,535$22,887$22,292
4 years$19,034$18,310$17,617$16,956$16,323$15,747
5 years$15,075$14,355$13,672$13,024$12,408$11,853
6 years$12,436$11,722$11,049$10,415$9,818$9,284
7 years$10,552$9,844$9,182$8,563$7,985$7,472
8 years$9,140$8,438$7,787$7,183$6,624$6,132
9 years$8,042$7,347$6,707$6,118$5,579$5,108
10 years$7,165$6,476$5,847$5,274$4,753$4,303
11 years$6,447$5,765$5,148$4,590$4,088$3,658
12 years$5,849$5,175$4,568$4,026$3,543$3,133
13 years$5,344$4,676$4,082$3,554$3,089$2,699
14 years$4,911$4,251$3,667$3,155$2,708$2,337
15 years$4,536$3,883$3,311$2,814$2,384$2,032
16 years$4,209$3,563$3,002$2,520$2,107$1,773
17 years$3,920$3,281$2,732$2,264$1,868$1,552
18 years$3,664$3,032$2,494$2,040$1,661$1,362
19 years$3,435$2,810$2,283$1,843$1,481$1,198
20 years$3,229$2,611$2,095$1,670$1,323$1,055
21 years$3,043$2,432$1,927$1,515$1,184$931
22 years$2,874$2,270$1,776$1,378$1,061$823
23 years$2,720$2,123$1,640$1,255$952$728
24 years$2,579$1,989$1,517$1,144$856$645
25 years$2,449$1,867$1,405$1,045$770$572
26 years$2,330$1,755$1,303$956$694$508
27 years$2,220$1,651$1,210$875$626$451
28 years$2,117$1,556$1,125$801$564$401
29 years$2,022$1,468$1,047$735$510$357
30 years$1,934$1,386$975$674$461$317
31 years$1,851$1,311$909$619$416$283
32 years$1,774$1,240$848$569$377$252
33 years$1,701$1,174$792$523$341$224
34 years$1,633$1,113$740$482$309$200
35 years$1,569$1,056$692$443$280$178
36 years$1,509$1,002$647$408$253$159
37 years$1,452$952$606$376$230$142
38 years$1,398$904$567$347$208$126
39 years$1,347$860$531$320$189$113
40 years$1,299$818$498$295$171$101
41 years$1,253$779$467$272$155$90
42 years$1,209$742$438$251$141$80
43 years$1,168$707$411$232$128$72
44 years$1,129$674$386$214$116$64
45 years$1,091$642$362$198$105$57
46 years$1,055$613$340$183$96$51
47 years$1,021$585$320$169$87$46
48 years$989$558$300$156$79$41
49 years$957$533$282$144$72$36
50 years$928$509$265$133$65$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $950,000, adding $2,699 every year, while hoping to spend $22,903 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: 59/32/9 Blend
69$950,000$950,000$950,000$950,000
70$1,049,684$999,334$984,609$1,109,304
71$1,132,383$1,023,933$993,225$1,174,274
72$1,222,750$1,048,969$1,001,362$1,242,250
73$1,321,543$1,074,441$1,008,979$1,315,804
74$1,429,595$1,100,344$1,016,035$1,395,473
75$1,547,827$1,126,673$1,022,485$1,481,850
76$1,677,249$1,153,424$1,028,282$1,575,585
77$1,818,975$1,180,589$1,033,377$1,677,396
78$1,974,234$1,208,161$1,037,718$1,788,074
79$2,144,375$1,236,130$1,041,251$1,908,489
80$2,330,886$1,264,486$1,043,918$2,039,599
81$2,535,407$1,293,216$1,045,660$2,182,461
82$2,759,743$1,322,307$1,046,413$2,338,237
83$3,005,880$1,351,744$1,046,112$2,508,210
84$3,276,011$1,381,510$1,044,687$2,693,790
85$3,572,545$1,411,586$1,042,066$2,896,534
86$3,898,142$1,441,950$1,038,172$3,118,154
87$4,255,726$1,472,580$1,032,925$3,360,538
88$4,648,524$1,503,450$1,026,241$3,625,768
89$5,080,087$1,534,532$1,018,034$3,916,134
90$5,554,327$1,565,796$1,008,209$4,234,162
91$6,075,556$1,597,208$996,672$4,582,635
92$6,648,523$1,628,731$983,321$4,964,619
93$7,278,461$1,660,327$968,050$5,383,494
94$7,971,133$1,691,953$950,749$5,842,982
95$8,732,892$1,723,561$931,302$6,347,188
96$9,570,734$1,755,103$909,588$6,900,631
97$10,492,369$1,786,523$885,480$7,508,296
98$11,506,291$1,817,764$858,844$8,175,674
99$12,621,861$1,848,762$829,543$8,908,814
100$13,849,389$1,879,450$797,431$9,714,387