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%17.1%
1 years$78,863$78,161$77,475$76,806$76,153$73,952
2 years$39,041$38,314$37,609$36,926$36,263$34,064
3 years$25,769$25,039$24,336$23,659$23,007$20,877
4 years$19,134$18,406$17,710$17,045$16,409$14,365
5 years$15,154$14,431$13,744$13,092$12,474$10,522
6 years$12,502$11,784$11,107$10,470$9,870$8,012
7 years$10,608$9,896$9,230$8,608$8,027$6,263
8 years$9,188$8,483$7,828$7,221$6,659$4,987
9 years$8,085$7,386$6,742$6,151$5,608$4,027
10 years$7,202$6,510$5,878$5,302$4,778$3,286
11 years$6,481$5,796$5,175$4,614$4,109$2,704
12 years$5,880$5,202$4,592$4,047$3,561$2,239
13 years$5,372$4,701$4,103$3,573$3,105$1,864
14 years$4,937$4,273$3,687$3,172$2,722$1,558
15 years$4,560$3,903$3,329$2,829$2,397$1,307
16 years$4,231$3,581$3,018$2,533$2,118$1,100
17 years$3,941$3,298$2,746$2,276$1,878$927
18 years$3,683$3,048$2,507$2,051$1,670$783
19 years$3,453$2,825$2,295$1,853$1,489$663
20 years$3,246$2,625$2,106$1,678$1,330$562
21 years$3,059$2,445$1,937$1,523$1,190$477
22 years$2,889$2,282$1,785$1,385$1,067$405
23 years$2,734$2,134$1,649$1,261$957$344
24 years$2,592$2,000$1,525$1,150$861$293
25 years$2,462$1,877$1,412$1,051$774$249
26 years$2,342$1,764$1,310$961$697$212
27 years$2,231$1,660$1,216$879$629$181
28 years$2,128$1,564$1,131$806$567$154
29 years$2,033$1,476$1,052$739$512$131
30 years$1,944$1,394$980$678$463$112
31 years$1,861$1,317$914$623$419$95
32 years$1,783$1,247$852$572$379$81
33 years$1,710$1,181$796$526$343$69
34 years$1,642$1,119$744$484$310$59
35 years$1,577$1,061$695$446$281$51
36 years$1,517$1,007$650$411$255$43
37 years$1,460$957$609$378$231$37
38 years$1,405$909$570$349$209$31
39 years$1,354$865$534$321$190$27
40 years$1,306$823$501$296$172$23
41 years$1,260$783$469$274$156$20
42 years$1,216$746$440$252$142$17
43 years$1,174$710$413$233$129$14
44 years$1,135$677$388$215$117$12
45 years$1,097$646$364$199$106$10
46 years$1,061$616$342$184$96$9
47 years$1,027$588$321$170$87$8
48 years$994$561$302$157$79$6
49 years$962$536$284$145$72$6
50 years$932$512$267$134$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $955,000, adding $4,880 every year, while hoping to spend $36,780 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: 60/18/22 Blend
69$955,000$955,000$955,000$955,000
70$1,057,444$1,006,829$992,026$1,114,459
71$1,126,169$1,017,030$986,125$1,163,903
72$1,200,672$1,026,498$978,794$1,213,380
73$1,281,503$1,035,158$969,946$1,266,547
74$1,369,267$1,042,932$959,490$1,323,769
75$1,464,630$1,049,733$947,330$1,385,447
76$1,568,324$1,055,472$933,368$1,452,026
77$1,681,156$1,060,053$917,498$1,523,999
78$1,804,011$1,063,373$899,612$1,601,906
79$1,937,867$1,065,324$879,596$1,686,347
80$2,083,795$1,065,792$857,328$1,777,983
81$2,242,979$1,064,652$832,686$1,877,543
82$2,416,719$1,061,776$805,536$1,985,834
83$2,606,446$1,057,025$775,744$2,103,744
84$2,813,737$1,050,252$743,164$2,232,257
85$3,040,326$1,041,303$707,649$2,372,456
86$3,288,125$1,030,013$669,041$2,525,538
87$3,559,237$1,016,206$627,176$2,692,823
88$3,855,977$999,698$581,885$2,875,769
89$4,180,896$980,293$532,987$3,075,985
90$4,536,802$957,782$480,297$3,295,247
91$4,926,789$931,946$423,620$3,535,513
92$5,354,262$902,552$362,752$3,798,946
93$5,822,974$869,354$297,481$4,087,932
94$6,337,054$832,090$227,584$4,405,102
95$6,901,056$790,484$152,830$4,753,362
96$7,519,991$744,245$72,977$5,135,915
97$8,199,380$693,063$0$5,556,297
98$8,945,306$636,613$0$6,021,282
99$9,764,469$574,548$0$6,550,766
100$10,664,248$506,505$0$7,132,412