Can I retire at age 70 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$79,524$78,815$78,124$77,450$76,791$75,643
2 years$39,368$38,635$37,924$37,235$36,567$35,414
3 years$25,985$25,248$24,540$23,857$23,200$22,076
4 years$19,294$18,560$17,859$17,188$16,546$15,461
5 years$15,281$14,551$13,859$13,202$12,578$11,535
6 years$12,607$11,882$11,200$10,558$9,953$8,952
7 years$10,697$9,979$9,307$8,680$8,094$7,137
8 years$9,265$8,554$7,893$7,281$6,715$5,801
9 years$8,152$7,447$6,799$6,202$5,655$4,783
10 years$7,263$6,565$5,927$5,346$4,818$3,989
11 years$6,535$5,844$5,218$4,653$4,144$3,355
12 years$5,929$5,245$4,631$4,081$3,591$2,843
13 years$5,417$4,740$4,137$3,603$3,131$2,422
14 years$4,978$4,309$3,718$3,198$2,745$2,074
15 years$4,598$3,936$3,356$2,852$2,417$1,783
16 years$4,266$3,611$3,043$2,554$2,136$1,537
17 years$3,974$3,326$2,769$2,295$1,894$1,329
18 years$3,714$3,073$2,528$2,068$1,684$1,152
19 years$3,482$2,848$2,314$1,869$1,501$1,001
20 years$3,273$2,647$2,124$1,692$1,341$871
21 years$3,084$2,465$1,953$1,536$1,200$759
22 years$2,913$2,301$1,800$1,397$1,075$662
23 years$2,757$2,152$1,662$1,272$965$579
24 years$2,614$2,017$1,537$1,160$868$506
25 years$2,483$1,893$1,424$1,059$781$443
26 years$2,362$1,779$1,321$969$703$388
27 years$2,250$1,674$1,226$887$634$340
28 years$2,146$1,577$1,140$812$572$298
29 years$2,050$1,488$1,061$745$517$261
30 years$1,960$1,405$988$684$467$229
31 years$1,876$1,328$921$628$422$201
32 years$1,798$1,257$860$577$382$177
33 years$1,725$1,190$803$531$346$155
34 years$1,656$1,128$750$488$313$137
35 years$1,591$1,070$701$449$283$120
36 years$1,529$1,016$656$414$257$105
37 years$1,472$965$614$381$233$93
38 years$1,417$917$575$352$211$82
39 years$1,366$872$539$324$191$72
40 years$1,317$829$505$299$174$63
41 years$1,270$790$473$276$157$55
42 years$1,226$752$444$255$143$49
43 years$1,184$716$417$235$130$43
44 years$1,144$683$391$217$118$38
45 years$1,106$651$367$200$107$33
46 years$1,070$621$345$185$97$29
47 years$1,035$593$324$171$88$26
48 years$1,002$566$305$158$80$23
49 years$971$540$286$146$73$20
50 years$940$516$269$135$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $963,000, adding $5,031 every year, while hoping to spend $31,759 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: 81/12/7 Blend
69$963,000$963,000$963,000$963,000
70$1,066,415$1,015,376$1,000,450$1,151,625
71$1,141,399$1,031,339$1,000,174$1,224,087
72$1,222,965$1,047,018$998,824$1,298,868
73$1,311,754$1,062,369$996,331$1,379,975
74$1,408,467$1,077,338$992,621$1,468,021
75$1,513,876$1,091,874$987,620$1,563,686
76$1,628,832$1,105,916$981,246$1,667,713
77$1,754,270$1,119,403$973,415$1,780,927
78$1,891,221$1,132,269$964,040$1,904,230
79$2,040,819$1,144,444$953,028$2,038,619
80$2,204,311$1,155,850$940,283$2,185,193
81$2,383,072$1,166,408$925,704$2,345,161
82$2,578,616$1,176,032$909,185$2,519,856
83$2,792,607$1,184,631$890,616$2,710,744
84$3,026,882$1,192,106$869,880$2,919,443
85$3,283,459$1,198,355$846,857$3,147,735
86$3,564,565$1,203,267$821,419$3,397,583
87$3,872,648$1,206,724$793,434$3,671,148
88$4,210,407$1,208,603$762,763$3,970,815
89$4,580,814$1,208,770$729,261$4,299,209
90$4,987,143$1,207,085$692,777$4,659,224
91$5,432,998$1,203,399$653,152$5,054,047
92$5,922,351$1,197,553$610,220$5,487,191
93$6,459,577$1,189,379$563,808$5,962,528
94$7,049,493$1,178,699$513,735$6,484,324
95$7,697,410$1,165,323$459,813$7,057,280
96$8,409,172$1,149,051$401,844$7,686,575
97$9,191,224$1,129,670$339,622$8,377,918
98$10,050,660$1,106,955$272,931$9,137,601
99$10,995,300$1,080,669$201,546$9,972,556
100$12,033,757$1,050,558$125,234$10,890,422