Can I retire at age 70 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$79,028$78,324$77,637$76,967$76,313$75,516
2 years$39,123$38,394$37,688$37,003$36,339$35,537
3 years$25,823$25,091$24,387$23,708$23,055$22,272
4 years$19,174$18,445$17,747$17,081$16,443$15,685
5 years$15,186$14,461$13,773$13,120$12,500$11,769
6 years$12,528$11,808$11,130$10,492$9,891$9,189
7 years$10,630$9,917$9,249$8,626$8,044$7,371
8 years$9,208$8,500$7,844$7,236$6,673$6,029
9 years$8,102$7,401$6,756$6,164$5,620$5,004
10 years$7,217$6,524$5,890$5,313$4,788$4,200
11 years$6,494$5,808$5,186$4,624$4,118$3,558
12 years$5,892$5,213$4,602$4,056$3,569$3,035
13 years$5,383$4,711$4,112$3,581$3,112$2,605
14 years$4,947$4,282$3,694$3,178$2,728$2,247
15 years$4,570$3,912$3,336$2,835$2,402$1,946
16 years$4,240$3,589$3,024$2,538$2,123$1,691
17 years$3,949$3,305$2,752$2,280$1,882$1,473
18 years$3,691$3,054$2,512$2,055$1,674$1,287
19 years$3,460$2,831$2,300$1,857$1,492$1,127
20 years$3,253$2,630$2,111$1,682$1,332$989
21 years$3,065$2,450$1,941$1,526$1,192$869
22 years$2,895$2,287$1,789$1,388$1,069$765
23 years$2,740$2,139$1,652$1,264$959$674
24 years$2,598$2,004$1,528$1,153$862$594
25 years$2,467$1,881$1,415$1,053$776$524
26 years$2,347$1,768$1,312$963$699$463
27 years$2,236$1,663$1,219$881$630$410
28 years$2,133$1,568$1,133$807$569$362
29 years$2,037$1,479$1,054$740$513$321
30 years$1,948$1,397$982$679$464$284
31 years$1,865$1,320$916$624$419$252
32 years$1,787$1,249$854$573$379$223
33 years$1,714$1,183$798$527$343$198
34 years$1,645$1,121$745$485$311$175
35 years$1,581$1,063$697$447$282$155
36 years$1,520$1,009$652$411$255$138
37 years$1,463$959$610$379$231$122
38 years$1,408$911$571$349$210$109
39 years$1,357$866$535$322$190$96
40 years$1,308$824$502$297$172$86
41 years$1,262$785$470$274$156$76
42 years$1,218$747$441$253$142$68
43 years$1,177$712$414$234$129$60
44 years$1,137$679$389$216$117$53
45 years$1,099$647$365$199$106$47
46 years$1,063$617$343$184$96$42
47 years$1,029$589$322$170$88$37
48 years$996$562$303$157$79$33
49 years$964$537$284$145$72$30
50 years$934$513$267$134$66$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $957,000, adding $2,013 every year, while hoping to spend $23,796 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: 39/50/11 Blend
69$957,000$957,000$957,000$957,000
70$1,056,690$1,005,969$991,136$1,094,312
71$1,139,154$1,029,943$999,020$1,145,085
72$1,229,231$1,054,294$1,006,371$1,197,461
73$1,327,674$1,079,016$1,013,146$1,253,562
74$1,435,309$1,104,100$1,019,298$1,313,735
75$1,553,048$1,129,538$1,024,782$1,378,362
76$1,681,893$1,155,319$1,029,546$1,447,863
77$1,822,949$1,181,433$1,033,539$1,522,699
78$1,977,432$1,207,865$1,036,705$1,603,382
79$2,146,682$1,234,602$1,038,986$1,690,472
80$2,332,173$1,261,627$1,040,321$1,784,588
81$2,535,529$1,288,922$1,040,647$1,886,412
82$2,758,541$1,316,466$1,039,896$1,996,693
83$3,003,177$1,344,239$1,037,998$2,116,260
84$3,271,610$1,372,215$1,034,880$2,246,025
85$3,566,229$1,400,368$1,030,463$2,386,992
86$3,889,668$1,428,670$1,024,667$2,540,268
87$4,244,828$1,457,088$1,017,407$2,707,075
88$4,634,904$1,485,589$1,008,594$2,888,758
89$5,063,417$1,514,136$998,134$3,086,800
90$5,534,244$1,542,687$985,931$3,302,834
91$6,051,658$1,571,200$971,880$3,538,664
92$6,620,365$1,599,627$955,876$3,796,274
93$7,245,550$1,627,917$937,807$4,077,854
94$7,932,927$1,656,015$917,554$4,385,817
95$8,688,788$1,683,863$894,994$4,722,823
96$9,520,069$1,711,396$870,001$5,091,805
97$10,434,408$1,738,547$842,438$5,495,994
98$11,440,224$1,765,241$812,166$5,938,955
99$12,546,790$1,791,402$779,037$6,424,615
100$13,764,325$1,816,943$742,897$6,957,305