Can I retire at age 70 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$78,780$78,079$77,394$76,726$76,073$75,029
2 years$39,000$38,274$37,570$36,887$36,225$35,176
3 years$25,742$25,012$24,310$23,634$22,983$21,960
4 years$19,114$18,387$17,692$17,027$16,392$15,403
5 years$15,138$14,415$13,729$13,078$12,461$11,509
6 years$12,489$11,771$11,095$10,459$9,860$8,947
7 years$10,597$9,886$9,220$8,599$8,019$7,145
8 years$9,179$8,474$7,820$7,213$6,652$5,817
9 years$8,076$7,378$6,735$6,144$5,602$4,805
10 years$7,195$6,503$5,872$5,296$4,773$4,014
11 years$6,474$5,789$5,169$4,609$4,105$3,383
12 years$5,874$5,196$4,588$4,043$3,557$2,872
13 years$5,366$4,696$4,099$3,569$3,102$2,452
14 years$4,932$4,268$3,683$3,169$2,719$2,103
15 years$4,556$3,899$3,325$2,826$2,394$1,812
16 years$4,227$3,578$3,015$2,530$2,116$1,566
17 years$3,937$3,295$2,743$2,273$1,876$1,357
18 years$3,679$3,045$2,504$2,049$1,668$1,179
19 years$3,449$2,822$2,292$1,851$1,487$1,026
20 years$3,242$2,622$2,104$1,677$1,328$895
21 years$3,055$2,442$1,935$1,522$1,189$782
22 years$2,886$2,280$1,784$1,384$1,065$684
23 years$2,731$2,132$1,647$1,260$956$599
24 years$2,590$1,998$1,523$1,149$860$525
25 years$2,460$1,875$1,411$1,050$774$460
26 years$2,340$1,762$1,308$960$697$404
27 years$2,229$1,658$1,215$878$628$355
28 years$2,126$1,563$1,129$805$567$312
29 years$2,031$1,474$1,051$738$512$274
30 years$1,942$1,392$979$677$462$241
31 years$1,859$1,316$913$622$418$212
32 years$1,781$1,245$852$572$378$187
33 years$1,708$1,179$795$526$342$165
34 years$1,640$1,118$743$484$310$145
35 years$1,576$1,060$695$445$281$128
36 years$1,515$1,006$650$410$254$113
37 years$1,458$956$608$378$230$99
38 years$1,404$908$569$348$209$88
39 years$1,353$864$534$321$189$77
40 years$1,304$822$500$296$172$68
41 years$1,258$782$469$273$156$60
42 years$1,215$745$440$252$141$53
43 years$1,173$710$413$233$128$47
44 years$1,133$677$387$215$117$41
45 years$1,096$645$364$199$106$36
46 years$1,060$615$342$183$96$32
47 years$1,026$587$321$169$87$28
48 years$993$561$302$157$79$25
49 years$961$535$284$145$72$22
50 years$931$511$267$134$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $954,000, adding $3,764 every year, while hoping to spend $41,813 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: 63/26/11 Blend
69$954,000$954,000$954,000$954,000
70$1,055,191$1,004,629$989,842$1,118,796
71$1,118,331$1,009,367$978,513$1,166,539
72$1,186,511$1,012,936$965,403$1,213,470
73$1,260,199$1,015,234$950,408$1,263,667
74$1,339,913$1,016,153$933,420$1,317,449
75$1,426,219$1,015,580$914,325$1,375,165
76$1,519,743$1,013,392$893,003$1,437,202
77$1,621,169$1,009,461$869,331$1,503,987
78$1,731,252$1,003,649$843,178$1,575,991
79$1,850,823$995,811$814,408$1,653,736
80$1,980,794$985,792$782,877$1,737,798
81$2,122,169$973,431$748,438$1,828,812
82$2,276,054$958,552$710,934$1,927,480
83$2,443,664$940,974$670,203$2,034,579
84$2,626,337$920,501$626,074$2,150,965
85$2,825,545$896,927$578,369$2,277,584
86$3,042,909$870,035$526,903$2,415,480
87$3,280,213$839,593$471,481$2,565,807
88$3,539,419$805,358$411,901$2,729,839
89$3,822,691$767,072$347,950$2,908,982
90$4,132,407$724,460$279,408$3,104,790
91$4,471,188$677,234$206,044$3,318,975
92$4,841,919$625,088$127,616$3,553,430
93$5,247,776$567,699$43,873$3,810,245
94$5,692,259$504,725$0$4,091,725
95$6,179,218$435,806$0$4,405,755
96$6,712,898$360,560$0$4,755,648
97$7,297,970$278,584$0$5,139,381
98$7,939,580$189,452$0$5,560,412
99$8,643,397$92,715$0$6,022,553
100$9,415,664$0$0$6,530,009