Can I retire at age 70 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$80,349$79,634$78,935$78,254$77,588$76,906
2 years$39,777$39,036$38,318$37,622$36,947$36,259
3 years$26,255$25,511$24,794$24,105$23,441$22,769
4 years$19,495$18,753$18,044$17,366$16,718$16,068
5 years$15,440$14,703$14,003$13,339$12,709$12,082
6 years$12,737$12,006$11,316$10,667$10,056$9,453
7 years$10,808$10,082$9,404$8,770$8,178$7,599
8 years$9,361$8,642$7,975$7,357$6,785$6,230
9 years$8,237$7,525$6,869$6,267$5,714$5,183
10 years$7,338$6,633$5,989$5,402$4,868$4,361
11 years$6,603$5,905$5,272$4,701$4,187$3,703
12 years$5,991$5,300$4,679$4,124$3,628$3,167
13 years$5,473$4,789$4,180$3,641$3,164$2,725
14 years$5,030$4,353$3,756$3,232$2,773$2,357
15 years$4,646$3,977$3,391$2,882$2,442$2,046
16 years$4,311$3,649$3,075$2,581$2,158$1,783
17 years$4,015$3,360$2,798$2,319$1,914$1,558
18 years$3,752$3,105$2,554$2,090$1,702$1,366
19 years$3,518$2,878$2,338$1,888$1,517$1,199
20 years$3,307$2,674$2,146$1,710$1,355$1,055
21 years$3,116$2,491$1,974$1,552$1,212$930
22 years$2,943$2,325$1,819$1,411$1,087$821
23 years$2,786$2,175$1,680$1,285$975$725
24 years$2,641$2,038$1,553$1,172$877$641
25 years$2,509$1,912$1,439$1,070$789$568
26 years$2,386$1,797$1,334$979$711$503
27 years$2,273$1,691$1,239$896$641$446
28 years$2,169$1,594$1,152$821$578$396
29 years$2,071$1,503$1,072$753$522$352
30 years$1,981$1,420$998$691$472$313
31 years$1,896$1,342$931$634$426$278
32 years$1,817$1,270$868$583$386$247
33 years$1,743$1,203$811$536$349$220
34 years$1,673$1,140$758$493$316$196
35 years$1,607$1,081$708$454$286$174
36 years$1,545$1,026$663$418$259$155
37 years$1,487$975$620$385$235$138
38 years$1,432$926$581$355$213$123
39 years$1,380$881$544$328$193$109
40 years$1,330$838$510$302$175$98
41 years$1,283$798$478$279$159$87
42 years$1,239$760$449$257$144$77
43 years$1,196$724$421$237$131$69
44 years$1,156$690$395$219$119$62
45 years$1,118$658$371$202$108$55
46 years$1,081$628$348$187$98$49
47 years$1,046$599$327$173$89$44
48 years$1,013$572$308$160$81$39
49 years$981$546$289$148$73$35
50 years$950$522$272$136$67$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $973,000, adding $6,578 every year, while hoping to spend $39,727 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: 40/41/19 Blend
69$973,000$973,000$973,000$973,000
70$1,079,031$1,027,462$1,012,381$1,115,878
71$1,146,823$1,035,539$1,004,026$1,150,893
72$1,220,198$1,042,679$994,060$1,184,440
73$1,299,685$1,048,796$982,387$1,219,909
74$1,385,862$1,053,797$968,906$1,257,495
75$1,479,367$1,057,581$953,513$1,297,415
76$1,580,903$1,060,043$936,096$1,339,912
77$1,691,241$1,061,070$916,541$1,385,256
78$1,811,230$1,060,545$894,727$1,433,745
79$1,941,803$1,058,339$870,528$1,485,712
80$2,083,988$1,054,319$843,812$1,541,527
81$2,238,916$1,048,341$814,440$1,601,599
82$2,407,830$1,040,256$782,270$1,666,384
83$2,592,101$1,029,901$747,148$1,736,387
84$2,793,237$1,017,106$708,918$1,812,167
85$3,012,895$1,001,693$667,415$1,894,348
86$3,252,903$983,468$622,466$1,983,617
87$3,515,271$962,231$573,891$2,080,739
88$3,802,214$937,765$521,502$2,186,561
89$4,116,170$909,846$465,102$2,302,021
90$4,459,822$878,231$404,485$2,428,159
91$4,836,126$842,666$339,438$2,566,127
92$5,248,337$802,884$269,736$2,717,199
93$5,700,041$758,598$195,145$2,882,787
94$6,195,183$709,508$115,421$3,064,455
95$6,738,114$655,295$30,309$3,263,932
96$7,333,620$595,623$0$3,483,132
97$7,986,976$530,136$0$3,736,442
98$8,703,993$458,458$0$4,021,290
99$9,491,069$380,191$0$4,334,175
100$10,355,255$294,917$0$4,678,022