Can I retire at age 70 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$80,432$79,716$79,017$78,334$77,668$76,162
2 years$39,818$39,076$38,358$37,661$36,985$35,474
3 years$26,282$25,537$24,820$24,130$23,465$21,996
4 years$19,515$18,772$18,063$17,384$16,735$15,319
5 years$15,456$14,718$14,017$13,353$12,722$11,363
6 years$12,751$12,018$11,328$10,678$10,066$8,767
7 years$10,819$10,093$9,414$8,779$8,187$6,946
8 years$9,371$8,651$7,984$7,365$6,792$5,610
9 years$8,246$7,533$6,876$6,273$5,720$4,596
10 years$7,346$6,640$5,995$5,407$4,873$3,806
11 years$6,610$5,911$5,278$4,706$4,191$3,180
12 years$5,997$5,305$4,684$4,128$3,632$2,675
13 years$5,479$4,794$4,185$3,644$3,167$2,263
14 years$5,035$4,358$3,760$3,235$2,776$1,923
15 years$4,651$3,981$3,395$2,885$2,445$1,641
16 years$4,315$3,653$3,078$2,583$2,160$1,404
17 years$4,019$3,364$2,801$2,321$1,916$1,205
18 years$3,756$3,108$2,557$2,092$1,703$1,036
19 years$3,521$2,881$2,341$1,890$1,518$893
20 years$3,310$2,677$2,148$1,712$1,356$770
21 years$3,120$2,494$1,976$1,554$1,214$666
22 years$2,946$2,328$1,821$1,413$1,088$576
23 years$2,788$2,177$1,681$1,286$976$499
24 years$2,644$2,040$1,555$1,173$878$433
25 years$2,511$1,914$1,440$1,072$790$375
26 years$2,389$1,799$1,336$980$711$326
27 years$2,276$1,693$1,240$897$641$283
28 years$2,171$1,595$1,153$822$579$246
29 years$2,073$1,505$1,073$753$523$214
30 years$1,983$1,421$999$691$472$186
31 years$1,898$1,344$932$635$427$162
32 years$1,819$1,271$869$584$386$141
33 years$1,744$1,204$812$537$349$123
34 years$1,674$1,141$758$494$316$107
35 years$1,609$1,082$709$455$287$93
36 years$1,547$1,027$663$419$260$81
37 years$1,489$976$621$386$235$70
38 years$1,433$927$581$356$213$61
39 years$1,381$882$545$328$193$53
40 years$1,332$839$511$302$175$47
41 years$1,285$799$479$279$159$41
42 years$1,240$761$449$257$144$35
43 years$1,198$725$421$238$131$31
44 years$1,157$691$396$219$119$27
45 years$1,119$659$371$203$108$23
46 years$1,082$628$349$187$98$20
47 years$1,047$600$328$173$89$18
48 years$1,014$572$308$160$81$16
49 years$982$547$289$148$73$14
50 years$951$522$272$137$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $974,000, adding $5,307 every year, while hoping to spend $26,339 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: 81/14/5 Blend
69$974,000$974,000$974,000$974,000
70$1,078,822$1,027,200$1,012,103$1,165,634
71$1,160,838$1,049,508$1,017,984$1,245,477
72$1,250,336$1,072,027$1,023,179$1,329,020
73$1,348,052$1,094,739$1,027,638$1,419,893
74$1,454,796$1,117,624$1,031,307$1,518,811
75$1,571,460$1,140,661$1,034,130$1,626,564
76$1,699,023$1,163,828$1,036,048$1,744,023
77$1,838,567$1,187,100$1,036,999$1,872,143
78$1,991,282$1,210,448$1,036,919$2,011,981
79$2,158,476$1,233,844$1,035,740$2,164,697
80$2,341,593$1,257,255$1,033,389$2,331,571
81$2,542,221$1,280,645$1,029,793$2,514,011
82$2,762,109$1,303,979$1,024,873$2,713,569
83$3,003,184$1,327,213$1,018,546$2,931,956
84$3,267,568$1,350,306$1,010,726$3,171,055
85$3,557,598$1,373,209$1,001,323$3,432,939
86$3,875,848$1,395,871$990,243$3,719,896
87$4,225,154$1,418,239$977,386$4,034,442
88$4,608,639$1,440,252$962,648$4,379,352
89$5,029,744$1,461,848$945,920$4,757,682
90$5,492,259$1,482,960$927,090$5,172,800
91$6,000,360$1,503,515$906,037$5,628,417
92$6,558,645$1,523,435$882,638$6,128,619
93$7,172,182$1,542,639$856,761$6,677,912
94$7,846,553$1,561,037$828,271$7,281,258
95$8,587,909$1,578,535$797,026$7,944,126
96$9,403,024$1,595,032$762,875$8,672,542
97$10,299,365$1,610,421$725,663$9,473,145
98$11,285,155$1,624,586$685,228$10,353,252
99$12,369,456$1,637,406$641,398$11,320,925
100$13,562,252$1,648,751$593,997$12,385,047