Can I retire at age 70 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$80,515$79,797$79,098$78,415$77,748$76,968
2 years$39,859$39,116$38,397$37,699$37,023$36,237
3 years$26,309$25,563$24,845$24,154$23,489$22,722
4 years$19,535$18,791$18,081$17,402$16,752$16,010
5 years$15,472$14,733$14,032$13,366$12,735$12,020
6 years$12,764$12,030$11,340$10,689$10,077$9,389
7 years$10,830$10,103$9,423$8,788$8,195$7,535
8 years$9,381$8,660$7,992$7,372$6,799$6,167
9 years$8,254$7,540$6,883$6,279$5,725$5,122
10 years$7,353$6,646$6,001$5,413$4,878$4,302
11 years$6,617$5,917$5,283$4,711$4,196$3,646
12 years$6,003$5,311$4,689$4,132$3,636$3,113
13 years$5,485$4,799$4,189$3,648$3,170$2,673
14 years$5,040$4,362$3,764$3,238$2,779$2,307
15 years$4,656$3,985$3,398$2,888$2,447$1,999
16 years$4,320$3,656$3,081$2,586$2,163$1,738
17 years$4,023$3,367$2,804$2,323$1,918$1,516
18 years$3,760$3,112$2,559$2,094$1,705$1,326
19 years$3,525$2,884$2,343$1,892$1,520$1,162
20 years$3,314$2,680$2,150$1,714$1,357$1,020
21 years$3,123$2,496$1,978$1,555$1,215$897
22 years$2,949$2,330$1,823$1,414$1,089$790
23 years$2,791$2,179$1,683$1,288$977$696
24 years$2,647$2,042$1,557$1,174$879$614
25 years$2,514$1,916$1,442$1,073$791$543
26 years$2,391$1,801$1,337$981$712$480
27 years$2,278$1,695$1,242$898$642$425
28 years$2,173$1,597$1,154$822$579$376
29 years$2,076$1,507$1,074$754$523$333
30 years$1,985$1,423$1,000$692$473$295
31 years$1,900$1,345$933$636$427$262
32 years$1,820$1,273$870$584$387$232
33 years$1,746$1,205$813$537$350$206
34 years$1,676$1,142$759$494$317$183
35 years$1,610$1,083$710$455$287$162
36 years$1,549$1,028$664$419$260$144
37 years$1,490$977$622$386$236$128
38 years$1,435$928$582$356$214$114
39 years$1,383$883$545$328$194$101
40 years$1,333$840$511$303$176$90
41 years$1,286$799$479$279$159$80
42 years$1,241$761$450$258$145$71
43 years$1,199$725$422$238$131$63
44 years$1,158$691$396$220$119$56
45 years$1,120$659$372$203$108$50
46 years$1,083$629$349$187$98$44
47 years$1,048$600$328$173$89$39
48 years$1,015$573$308$160$81$35
49 years$983$547$290$148$74$31
50 years$952$523$272$137$67$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $975,000, adding $2,774 every year, while hoping to spend $47,643 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: 41/36/23 Blend
69$975,000$975,000$975,000$975,000
70$1,077,311$1,025,636$1,010,524$1,114,087
71$1,136,505$1,025,201$993,685$1,140,261
72$1,200,140$1,023,147$974,685$1,163,828
73$1,268,619$1,019,346$953,401$1,188,384
74$1,342,383$1,013,659$929,705$1,214,046
75$1,421,919$1,005,941$903,463$1,240,947
76$1,507,760$996,037$874,534$1,269,237
77$1,600,493$983,784$842,772$1,299,083
78$1,700,760$969,006$808,022$1,330,674
79$1,809,271$951,521$770,124$1,364,223
80$1,926,803$931,132$728,910$1,399,967
81$2,054,213$907,633$684,204$1,438,174
82$2,192,441$880,806$635,823$1,479,143
83$2,342,522$850,418$583,576$1,523,209
84$2,505,595$816,224$527,261$1,570,745
85$2,682,912$777,965$466,670$1,622,170
86$2,875,850$735,366$401,585$1,677,950
87$3,085,925$688,137$331,776$1,738,608
88$3,314,805$635,972$257,006$1,804,723
89$3,564,325$578,544$177,026$1,876,945
90$3,836,506$515,513$91,576$1,955,994
91$4,133,571$446,514$385$2,042,674
92$4,457,967$371,165$0$2,137,879
93$4,812,389$289,061$0$2,266,391
94$5,199,802$199,776$0$2,407,176
95$5,623,474$102,856$0$2,561,442
96$6,086,998$0$0$2,730,635
97$6,594,335$0$0$2,917,214
98$7,149,844$0$0$3,166,243
99$7,758,325$0$0$3,439,145
100$8,425,066$0$0$3,738,306