Can I retire at age 70 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$78,863$78,161$77,475$76,806$76,153$74,738
2 years$39,041$38,314$37,609$36,926$36,263$34,843
3 years$25,769$25,039$24,336$23,659$23,007$21,625
4 years$19,134$18,406$17,710$17,045$16,409$15,077
5 years$15,154$14,431$13,744$13,092$12,474$11,195
6 years$12,502$11,784$11,107$10,470$9,870$8,646
7 years$10,608$9,896$9,230$8,608$8,027$6,858
8 years$9,188$8,483$7,828$7,221$6,659$5,545
9 years$8,085$7,386$6,742$6,151$5,608$4,548
10 years$7,202$6,510$5,878$5,302$4,778$3,772
11 years$6,481$5,796$5,175$4,614$4,109$3,155
12 years$5,880$5,202$4,592$4,047$3,561$2,658
13 years$5,372$4,701$4,103$3,573$3,105$2,251
14 years$4,937$4,273$3,687$3,172$2,722$1,916
15 years$4,560$3,903$3,329$2,829$2,397$1,636
16 years$4,231$3,581$3,018$2,533$2,118$1,402
17 years$3,941$3,298$2,746$2,276$1,878$1,205
18 years$3,683$3,048$2,507$2,051$1,670$1,038
19 years$3,453$2,825$2,295$1,853$1,489$896
20 years$3,246$2,625$2,106$1,678$1,330$774
21 years$3,059$2,445$1,937$1,523$1,190$670
22 years$2,889$2,282$1,785$1,385$1,067$581
23 years$2,734$2,134$1,649$1,261$957$504
24 years$2,592$2,000$1,525$1,150$861$437
25 years$2,462$1,877$1,412$1,051$774$380
26 years$2,342$1,764$1,310$961$697$330
27 years$2,231$1,660$1,216$879$629$287
28 years$2,128$1,564$1,131$806$567$250
29 years$2,033$1,476$1,052$739$512$218
30 years$1,944$1,394$980$678$463$190
31 years$1,861$1,317$914$623$419$165
32 years$1,783$1,247$852$572$379$144
33 years$1,710$1,181$796$526$343$126
34 years$1,642$1,119$744$484$310$110
35 years$1,577$1,061$695$446$281$96
36 years$1,517$1,007$650$411$255$83
37 years$1,460$957$609$378$231$73
38 years$1,405$909$570$349$209$64
39 years$1,354$865$534$321$190$55
40 years$1,306$823$501$296$172$48
41 years$1,260$783$469$274$156$42
42 years$1,216$746$440$252$142$37
43 years$1,174$710$413$233$129$32
44 years$1,135$677$388$215$117$28
45 years$1,097$646$364$199$106$25
46 years$1,061$616$342$184$96$21
47 years$1,027$588$321$170$87$19
48 years$994$561$302$157$79$16
49 years$962$536$284$145$72$14
50 years$932$512$267$134$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $955,000, adding $5,685 every year, while hoping to spend $47,635 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: 30/45/25 Blend
69$955,000$955,000$955,000$955,000
70$1,058,274$1,007,659$992,857$1,081,702
71$1,115,535$1,006,351$975,434$1,098,965
72$1,177,040$1,003,383$955,831$1,112,929
73$1,243,171$998,622$933,925$1,126,985
74$1,314,349$991,929$909,586$1,141,173
75$1,391,035$983,156$882,680$1,155,539
76$1,473,736$972,146$853,065$1,170,141
77$1,563,008$958,732$820,593$1,185,046
78$1,659,462$942,737$785,111$1,200,333
79$1,763,772$923,975$746,456$1,216,095
80$1,876,674$902,248$704,460$1,232,438
81$1,998,982$877,346$658,947$1,249,488
82$2,131,589$849,046$609,732$1,267,386
83$2,275,476$817,114$556,623$1,286,296
84$2,431,723$781,301$499,419$1,306,407
85$2,601,518$741,344$437,908$1,327,932
86$2,786,167$696,964$371,873$1,351,116
87$2,987,108$647,868$301,083$1,376,236
88$3,205,923$593,743$225,299$1,403,607
89$3,444,353$534,262$144,271$1,433,583
90$3,704,312$469,076$57,739$1,466,567
91$3,987,908$397,817$0$1,503,011
92$4,297,463$320,099$0$1,552,659
93$4,635,531$235,510$0$1,623,890
94$5,004,922$143,617$0$1,702,009
95$5,408,734$43,964$0$1,787,825
96$5,850,373$0$0$1,882,235
97$6,333,593$0$0$2,017,897
98$6,862,526$0$0$2,190,369
99$7,441,721$0$0$2,379,381
100$8,076,190$0$0$2,586,590