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%12.3%
1 years$80,515$79,797$79,098$78,415$77,748$77,000
2 years$39,859$39,116$38,397$37,699$37,023$36,269
3 years$26,309$25,563$24,845$24,154$23,489$22,753
4 years$19,535$18,791$18,081$17,402$16,752$16,040
5 years$15,472$14,733$14,032$13,366$12,735$12,049
6 years$12,764$12,030$11,340$10,689$10,077$9,417
7 years$10,830$10,103$9,423$8,788$8,195$7,562
8 years$9,381$8,660$7,992$7,372$6,799$6,192
9 years$8,254$7,540$6,883$6,279$5,725$5,145
10 years$7,353$6,646$6,001$5,413$4,878$4,325
11 years$6,617$5,917$5,283$4,711$4,196$3,667
12 years$6,003$5,311$4,689$4,132$3,636$3,133
13 years$5,485$4,799$4,189$3,648$3,170$2,692
14 years$5,040$4,362$3,764$3,238$2,779$2,325
15 years$4,656$3,985$3,398$2,888$2,447$2,016
16 years$4,320$3,656$3,081$2,586$2,163$1,754
17 years$4,023$3,367$2,804$2,323$1,918$1,531
18 years$3,760$3,112$2,559$2,094$1,705$1,340
19 years$3,525$2,884$2,343$1,892$1,520$1,175
20 years$3,314$2,680$2,150$1,714$1,357$1,032
21 years$3,123$2,496$1,978$1,555$1,215$908
22 years$2,949$2,330$1,823$1,414$1,089$800
23 years$2,791$2,179$1,683$1,288$977$706
24 years$2,647$2,042$1,557$1,174$879$624
25 years$2,514$1,916$1,442$1,073$791$551
26 years$2,391$1,801$1,337$981$712$488
27 years$2,278$1,695$1,242$898$642$432
28 years$2,173$1,597$1,154$822$579$383
29 years$2,076$1,507$1,074$754$523$339
30 years$1,985$1,423$1,000$692$473$301
31 years$1,900$1,345$933$636$427$267
32 years$1,820$1,273$870$584$387$237
33 years$1,746$1,205$813$537$350$211
34 years$1,676$1,142$759$494$317$187
35 years$1,610$1,083$710$455$287$166
36 years$1,549$1,028$664$419$260$148
37 years$1,490$977$622$386$236$131
38 years$1,435$928$582$356$214$117
39 years$1,383$883$545$328$194$104
40 years$1,333$840$511$303$176$92
41 years$1,286$799$479$279$159$82
42 years$1,241$761$450$258$145$73
43 years$1,199$725$422$238$131$65
44 years$1,158$691$396$220$119$58
45 years$1,120$659$372$203$108$51
46 years$1,083$629$349$187$98$46
47 years$1,048$600$328$173$89$41
48 years$1,015$573$308$160$81$36
49 years$983$547$290$148$74$32
50 years$952$523$272$137$67$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $975,000, adding $4,033 every year, while hoping to spend $59,345 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: 65/27/8 Blend
69$975,000$975,000$975,000$975,000
70$1,078,610$1,026,935$1,011,823$1,146,783
71$1,125,486$1,014,112$982,576$1,179,843
72$1,175,154$998,672$950,361$1,208,547
73$1,227,836$980,424$915,014$1,238,361
74$1,283,776$959,165$876,368$1,269,388
75$1,343,238$934,682$834,244$1,301,743
76$1,406,515$906,747$788,457$1,335,556
77$1,473,922$875,121$738,813$1,370,969
78$1,545,810$839,549$685,111$1,408,144
79$1,622,558$799,763$627,138$1,447,260
80$1,704,586$755,479$564,675$1,488,519
81$1,792,352$706,395$497,489$1,532,145
82$1,886,357$652,193$425,340$1,578,387
83$1,987,154$592,539$347,977$1,627,525
84$2,095,345$527,075$265,136$1,679,869
85$2,211,596$455,427$176,543$1,735,767
86$2,336,633$377,198$81,912$1,795,603
87$2,471,258$291,968$0$1,859,807
88$2,616,347$199,295$0$1,930,485
89$2,772,865$98,712$0$2,014,109
90$2,941,872$0$0$2,104,299
91$3,124,532$0$0$2,204,793
92$3,322,126$0$0$2,345,280
93$3,536,059$0$0$2,497,438
94$3,767,877$0$0$2,662,373
95$4,019,283$0$0$2,841,303
96$4,292,145$0$0$3,035,567
97$4,588,520$0$0$3,246,635
98$4,910,670$0$0$3,476,127
99$5,261,084$0$0$3,725,825
100$5,642,501$0$0$3,997,689