Can I retire at age 70 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$79,193$78,488$77,800$77,128$76,472$76,118
2 years$39,205$38,474$37,767$37,081$36,415$36,058
3 years$25,877$25,143$24,438$23,758$23,103$22,753
4 years$19,214$18,483$17,784$17,116$16,477$16,138
5 years$15,218$14,491$13,801$13,147$12,526$12,198
6 years$12,554$11,833$11,154$10,514$9,911$9,595
7 years$10,652$9,937$9,269$8,644$8,061$7,757
8 years$9,227$8,518$7,861$7,251$6,687$6,395
9 years$8,119$7,417$6,770$6,176$5,631$5,351
10 years$7,232$6,537$5,903$5,324$4,798$4,530
11 years$6,508$5,820$5,196$4,634$4,127$3,870
12 years$5,905$5,224$4,612$4,064$3,576$3,331
13 years$5,395$4,721$4,120$3,588$3,118$2,885
14 years$4,958$4,291$3,702$3,185$2,734$2,511
15 years$4,579$3,920$3,342$2,841$2,407$2,195
16 years$4,249$3,596$3,030$2,543$2,127$1,926
17 years$3,957$3,312$2,758$2,285$1,886$1,695
18 years$3,698$3,061$2,517$2,059$1,677$1,495
19 years$3,467$2,836$2,304$1,861$1,495$1,323
20 years$3,259$2,636$2,115$1,685$1,335$1,172
21 years$3,071$2,455$1,945$1,530$1,195$1,041
22 years$2,901$2,292$1,793$1,391$1,071$925
23 years$2,745$2,143$1,655$1,267$961$824
24 years$2,603$2,008$1,531$1,155$864$734
25 years$2,472$1,885$1,418$1,055$778$655
26 years$2,352$1,771$1,315$965$700$585
27 years$2,241$1,667$1,221$883$631$523
28 years$2,137$1,571$1,135$809$570$468
29 years$2,041$1,482$1,056$742$515$419
30 years$1,952$1,399$984$681$465$375
31 years$1,869$1,323$917$625$420$336
32 years$1,791$1,252$856$575$380$301
33 years$1,717$1,185$799$528$344$270
34 years$1,649$1,124$747$486$312$243
35 years$1,584$1,066$698$448$282$218
36 years$1,523$1,011$653$412$256$195
37 years$1,466$961$611$380$232$176
38 years$1,411$913$572$350$210$158
39 years$1,360$868$536$323$190$142
40 years$1,311$826$503$298$173$127
41 years$1,265$786$471$275$157$114
42 years$1,221$749$442$254$142$103
43 years$1,179$713$415$234$129$92
44 years$1,139$680$389$216$117$83
45 years$1,102$649$366$200$106$75
46 years$1,065$619$343$184$97$67
47 years$1,031$590$323$170$88$60
48 years$998$564$303$157$80$54
49 years$966$538$285$145$72$49
50 years$936$514$268$134$66$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $959,000, adding $3,714 every year, while hoping to spend $49,460 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: 26/44/30 Blend
69$959,000$959,000$959,000$959,000
70$1,060,649$1,009,822$994,957$1,078,254
71$1,116,210$1,006,678$975,664$1,090,022
72$1,175,781$1,001,723$954,065$1,098,203
73$1,239,718$994,814$930,034$1,105,982
74$1,308,413$985,804$903,434$1,113,361
75$1,382,295$974,533$874,123$1,120,345
76$1,461,837$960,832$841,954$1,126,947
77$1,547,556$944,525$806,771$1,133,185
78$1,640,022$925,422$768,413$1,139,084
79$1,739,859$903,323$726,710$1,144,679
80$1,847,756$878,017$681,486$1,150,015
81$1,964,467$849,279$632,556$1,155,148
82$2,090,822$816,873$579,725$1,160,145
83$2,227,733$780,547$522,794$1,165,090
84$2,376,204$740,037$461,550$1,170,083
85$2,537,338$695,060$395,773$1,175,242
86$2,712,349$645,320$325,234$1,180,706
87$2,902,572$590,504$249,692$1,186,639
88$3,109,474$530,279$168,897$1,193,231
89$3,334,672$464,294$82,587$1,200,702
90$3,579,943$392,179$0$1,209,305
91$3,847,244$313,542$0$1,222,379
92$4,138,727$227,969$0$1,265,622
93$4,456,761$135,024$0$1,313,044
94$4,803,956$34,245$0$1,365,181
95$5,183,181$0$0$1,422,628
96$5,597,598$0$0$1,522,296
97$6,050,685$0$0$1,649,547
98$6,546,275$0$0$1,788,894
99$7,088,586$0$0$1,941,544
100$7,682,262$0$0$2,108,826