Can I retire at age 70 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$79,111$78,406$77,719$77,048$76,392$75,689
2 years$39,164$38,434$37,727$37,042$36,377$35,669
3 years$25,850$25,117$24,412$23,733$23,079$22,387
4 years$19,194$18,464$17,766$17,098$16,460$15,790
5 years$15,202$14,476$13,787$13,133$12,513$11,867
6 years$12,541$11,821$11,142$10,503$9,901$9,280
7 years$10,641$9,927$9,259$8,635$8,052$7,456
8 years$9,217$8,509$7,852$7,244$6,680$6,109
9 years$8,110$7,409$6,763$6,170$5,626$5,079
10 years$7,225$6,531$5,896$5,319$4,793$4,272
11 years$6,501$5,814$5,191$4,629$4,122$3,625
12 years$5,898$5,218$4,607$4,060$3,572$3,098
13 years$5,389$4,716$4,116$3,584$3,115$2,664
14 years$4,952$4,286$3,698$3,182$2,731$2,302
15 years$4,575$3,916$3,339$2,838$2,404$1,998
16 years$4,244$3,593$3,027$2,541$2,125$1,740
17 years$3,953$3,309$2,755$2,283$1,884$1,519
18 years$3,695$3,057$2,515$2,057$1,675$1,330
19 years$3,464$2,833$2,302$1,859$1,493$1,167
20 years$3,256$2,633$2,113$1,684$1,334$1,026
21 years$3,068$2,453$1,943$1,528$1,194$904
22 years$2,898$2,289$1,791$1,389$1,070$797
23 years$2,743$2,141$1,654$1,265$960$704
24 years$2,600$2,006$1,529$1,154$863$622
25 years$2,470$1,883$1,417$1,054$777$550
26 years$2,350$1,769$1,314$964$700$487
27 years$2,238$1,665$1,220$882$631$432
28 years$2,135$1,569$1,134$808$569$383
29 years$2,039$1,480$1,055$741$514$340
30 years$1,950$1,398$983$680$464$302
31 years$1,867$1,322$916$625$420$268
32 years$1,789$1,250$855$574$380$238
33 years$1,716$1,184$798$528$344$212
34 years$1,647$1,122$746$486$311$188
35 years$1,582$1,065$697$447$282$167
36 years$1,522$1,010$652$412$255$149
37 years$1,464$960$611$379$231$132
38 years$1,410$912$572$350$210$118
39 years$1,358$867$536$322$190$105
40 years$1,310$825$502$297$173$93
41 years$1,264$785$471$274$157$83
42 years$1,220$748$442$253$142$74
43 years$1,178$713$414$234$129$66
44 years$1,138$679$389$216$117$59
45 years$1,100$648$365$199$106$52
46 years$1,064$618$343$184$96$47
47 years$1,030$590$322$170$88$41
48 years$997$563$303$157$80$37
49 years$965$538$285$145$72$33
50 years$935$514$268$134$66$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $958,000, adding $4,905 every year, while hoping to spend $32,634 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: 42/34/24 Blend
69$958,000$958,000$958,000$958,000
70$1,060,776$1,010,002$995,153$1,097,692
71$1,134,252$1,024,769$993,768$1,139,311
72$1,214,130$1,039,167$991,243$1,180,864
73$1,301,027$1,053,142$987,505$1,225,217
74$1,395,624$1,066,638$982,479$1,272,645
75$1,498,669$1,079,595$976,083$1,323,455
76$1,610,986$1,091,948$968,235$1,377,983
77$1,733,483$1,103,630$958,847$1,436,603
78$1,867,157$1,114,566$947,828$1,499,729
79$2,013,107$1,124,680$935,079$1,567,817
80$2,172,542$1,133,887$920,503$1,641,373
81$2,346,793$1,142,099$903,992$1,720,955
82$2,537,327$1,149,223$885,436$1,807,180
83$2,745,756$1,155,157$864,720$1,900,732
84$2,973,858$1,159,795$841,723$2,002,364
85$3,223,590$1,163,023$816,320$2,112,911
86$3,497,106$1,164,721$788,376$2,233,293
87$3,796,780$1,164,761$757,755$2,364,531
88$4,125,223$1,163,006$724,312$2,507,747
89$4,485,314$1,159,312$687,895$2,664,187
90$4,880,224$1,153,525$648,346$2,835,222
91$5,313,442$1,145,484$605,502$3,022,371
92$5,788,815$1,135,014$559,188$3,227,308
93$6,310,578$1,121,934$509,224$3,451,884
94$6,883,397$1,106,049$455,423$3,698,144
95$7,512,411$1,087,153$397,588$3,968,343
96$8,203,282$1,065,029$335,513$4,264,973
97$8,962,248$1,039,446$268,983$4,590,787
98$9,796,178$1,010,160$197,775$4,948,821
99$10,712,642$976,911$121,654$5,342,428
100$11,719,979$939,427$40,377$5,775,311