Can I retire at age 70 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$80,019$79,306$78,611$77,932$77,269$76,241
2 years$39,613$38,876$38,161$37,467$36,795$35,760
3 years$26,147$25,406$24,692$24,006$23,344$22,336
4 years$19,415$18,676$17,970$17,295$16,649$15,674
5 years$15,376$14,642$13,945$13,284$12,657$11,718
6 years$12,685$11,956$11,270$10,623$10,015$9,114
7 years$10,764$10,041$9,365$8,734$8,145$7,283
8 years$9,323$8,607$7,943$7,327$6,757$5,933
9 years$8,203$7,494$6,841$6,241$5,690$4,904
10 years$7,308$6,606$5,964$5,380$4,848$4,099
11 years$6,576$5,880$5,251$4,682$4,170$3,457
12 years$5,966$5,278$4,660$4,107$3,613$2,936
13 years$5,451$4,770$4,163$3,626$3,151$2,508
14 years$5,009$4,336$3,741$3,218$2,762$2,153
15 years$4,627$3,961$3,377$2,870$2,432$1,856
16 years$4,293$3,634$3,062$2,570$2,149$1,605
17 years$3,999$3,347$2,786$2,309$1,906$1,392
18 years$3,737$3,092$2,544$2,081$1,695$1,210
19 years$3,503$2,866$2,329$1,880$1,510$1,054
20 years$3,293$2,663$2,137$1,703$1,349$920
21 years$3,104$2,481$1,966$1,546$1,207$804
22 years$2,931$2,316$1,812$1,405$1,082$704
23 years$2,774$2,166$1,673$1,280$971$617
24 years$2,630$2,029$1,547$1,167$873$541
25 years$2,498$1,904$1,433$1,066$786$475
26 years$2,377$1,790$1,329$975$708$417
27 years$2,264$1,684$1,234$892$638$367
28 years$2,160$1,587$1,147$817$576$323
29 years$2,063$1,497$1,068$750$520$284
30 years$1,972$1,414$994$688$470$250
31 years$1,888$1,337$927$632$425$220
32 years$1,809$1,265$865$581$384$194
33 years$1,735$1,198$808$534$348$171
34 years$1,666$1,135$755$491$315$151
35 years$1,601$1,077$705$452$285$133
36 years$1,539$1,022$660$417$258$117
37 years$1,481$971$618$384$234$103
38 years$1,426$922$578$354$212$91
39 years$1,374$877$542$326$192$81
40 years$1,325$835$508$301$175$71
41 years$1,278$794$476$278$158$63
42 years$1,234$757$447$256$144$55
43 years$1,191$721$419$236$130$49
44 years$1,151$687$394$218$118$43
45 years$1,113$655$370$202$107$38
46 years$1,077$625$347$186$98$34
47 years$1,042$597$326$172$89$30
48 years$1,008$569$306$159$80$26
49 years$977$544$288$147$73$23
50 years$946$519$271$136$66$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $969,000, adding $6,431 every year, while hoping to spend $50,961 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: 31/50/19 Blend
69$969,000$969,000$969,000$969,000
70$1,074,472$1,023,115$1,008,095$1,101,225
71$1,129,846$1,019,025$987,644$1,117,783
72$1,189,160$1,013,027$964,800$1,130,521
73$1,252,762$1,004,974$939,429$1,143,153
74$1,321,035$994,708$911,391$1,155,700
75$1,394,396$982,065$880,539$1,168,189
76$1,473,308$966,869$846,719$1,180,657
77$1,558,273$948,934$809,773$1,193,145
78$1,649,848$928,062$769,531$1,205,708
79$1,748,641$904,046$725,819$1,218,410
80$1,855,322$876,664$678,453$1,231,329
81$1,970,627$845,682$627,243$1,244,555
82$2,095,364$810,854$571,989$1,258,195
83$2,230,421$771,916$512,481$1,272,375
84$2,376,776$728,592$448,501$1,287,241
85$2,535,503$680,589$379,822$1,302,962
86$2,707,784$627,597$306,206$1,319,731
87$2,894,918$569,289$227,403$1,337,773
88$3,098,334$505,319$143,156$1,357,344
89$3,319,604$435,320$53,192$1,378,735
90$3,560,460$358,906$0$1,402,280
91$3,822,803$275,669$0$1,437,036
92$4,108,730$185,178$0$1,486,827
93$4,420,545$86,976$0$1,541,404
94$4,760,786$0$0$1,601,382
95$5,132,246$0$0$1,678,131
96$5,538,000$0$0$1,814,377
97$5,981,432$0$0$1,963,420
98$6,466,269$0$0$2,126,532
99$6,996,612$0$0$2,305,110
100$7,576,981$0$0$2,500,695