Can I retire at age 70 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$78,615$77,915$77,232$76,565$75,914$74,903
2 years$38,918$38,194$37,491$36,810$36,149$35,133
3 years$25,688$24,960$24,259$23,585$22,935$21,944
4 years$19,074$18,348$17,655$16,991$16,357$15,400
5 years$15,107$14,385$13,701$13,051$12,434$11,513
6 years$12,463$11,747$11,072$10,437$9,839$8,955
7 years$10,575$9,865$9,201$8,581$8,002$7,155
8 years$9,159$8,456$7,803$7,198$6,638$5,829
9 years$8,059$7,362$6,721$6,131$5,590$4,818
10 years$7,180$6,490$5,859$5,285$4,763$4,027
11 years$6,460$5,777$5,159$4,600$4,097$3,396
12 years$5,862$5,185$4,578$4,035$3,550$2,885
13 years$5,355$4,686$4,090$3,562$3,096$2,464
14 years$4,921$4,260$3,675$3,162$2,714$2,116
15 years$4,546$3,891$3,318$2,820$2,389$1,823
16 years$4,218$3,570$3,008$2,525$2,112$1,577
17 years$3,928$3,288$2,737$2,269$1,872$1,368
18 years$3,671$3,038$2,499$2,044$1,665$1,189
19 years$3,442$2,816$2,288$1,847$1,484$1,036
20 years$3,236$2,617$2,100$1,673$1,325$904
21 years$3,049$2,437$1,931$1,518$1,186$790
22 years$2,880$2,275$1,780$1,381$1,063$692
23 years$2,725$2,128$1,643$1,257$954$606
24 years$2,584$1,994$1,520$1,147$858$531
25 years$2,454$1,871$1,408$1,047$772$467
26 years$2,335$1,758$1,306$958$695$410
27 years$2,224$1,655$1,212$877$627$360
28 years$2,122$1,559$1,127$803$566$317
29 years$2,027$1,471$1,049$736$511$279
30 years$1,938$1,389$977$676$461$246
31 years$1,855$1,313$911$621$417$216
32 years$1,778$1,243$850$570$377$191
33 years$1,705$1,177$793$525$342$168
34 years$1,637$1,115$741$483$309$148
35 years$1,572$1,058$693$444$280$131
36 years$1,512$1,004$648$409$254$115
37 years$1,455$954$607$377$230$102
38 years$1,401$906$568$348$209$90
39 years$1,350$862$532$320$189$79
40 years$1,302$820$499$296$172$70
41 years$1,256$781$468$273$156$62
42 years$1,212$743$439$252$141$54
43 years$1,171$708$412$232$128$48
44 years$1,131$675$387$214$116$42
45 years$1,094$644$363$198$106$37
46 years$1,058$614$341$183$96$33
47 years$1,023$586$320$169$87$29
48 years$991$559$301$156$79$26
49 years$959$534$283$144$72$23
50 years$929$510$266$133$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $952,000, adding $5,538 every year, while hoping to spend $51,328 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: 79/6/15 Blend
69$952,000$952,000$952,000$952,000
70$1,054,816$1,004,360$989,604$1,134,424
71$1,107,795$998,962$968,144$1,182,221
72$1,164,457$991,578$944,244$1,227,533
73$1,225,125$982,058$917,768$1,275,802
74$1,290,150$970,241$888,576$1,327,304
75$1,359,919$955,957$856,517$1,382,342
76$1,434,857$939,025$821,437$1,441,251
77$1,515,431$919,255$783,173$1,504,398
78$1,602,150$896,445$741,555$1,572,190
79$1,695,578$870,379$696,406$1,645,076
80$1,796,330$840,831$647,539$1,723,549
81$1,905,086$807,561$594,761$1,808,154
82$2,022,588$770,315$537,869$1,899,493
83$2,149,656$728,824$476,651$1,998,228
84$2,287,188$682,804$410,887$2,105,091
85$2,436,175$631,955$340,345$2,220,887
86$2,597,702$575,958$264,784$2,346,507
87$2,772,966$514,479$183,953$2,482,930
88$2,963,282$447,161$97,588$2,631,239
89$3,170,094$373,630$5,415$2,792,627
90$3,394,996$293,489$0$2,968,410
91$3,639,736$206,321$0$3,174,916
92$3,906,241$111,683$0$3,400,761
93$4,196,629$9,107$0$3,646,892
94$4,513,234$0$0$3,915,309
95$4,858,622$0$0$4,214,941
96$5,235,618$0$0$4,542,678
97$5,647,333$0$0$4,900,624
98$6,097,189$0$0$5,291,762
99$6,588,956$0$0$5,719,370
100$7,126,784$0$0$6,187,061