Can I retire at age 70 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$80,597$79,879$79,179$78,495$77,828$76,728
2 years$39,900$39,156$38,436$37,738$37,061$35,955
3 years$26,336$25,589$24,871$24,179$23,513$22,435
4 years$19,555$18,811$18,100$17,420$16,770$15,729
5 years$15,487$14,748$14,046$13,380$12,748$11,747
6 years$12,777$12,043$11,351$10,700$10,087$9,126
7 years$10,841$10,113$9,433$8,797$8,203$7,284
8 years$9,390$8,669$8,000$7,380$6,806$5,927
9 years$8,262$7,548$6,890$6,286$5,731$4,893
10 years$7,361$6,653$6,007$5,418$4,883$4,085
11 years$6,623$5,923$5,289$4,716$4,200$3,441
12 years$6,009$5,316$4,693$4,136$3,639$2,919
13 years$5,490$4,804$4,193$3,652$3,174$2,491
14 years$5,046$4,367$3,768$3,242$2,782$2,135
15 years$4,661$3,989$3,402$2,891$2,450$1,838
16 years$4,324$3,660$3,084$2,589$2,165$1,587
17 years$4,027$3,371$2,806$2,326$1,920$1,374
18 years$3,764$3,115$2,562$2,096$1,707$1,193
19 years$3,529$2,887$2,345$1,894$1,521$1,038
20 years$3,317$2,682$2,152$1,715$1,359$905
21 years$3,126$2,499$1,980$1,557$1,216$789
22 years$2,952$2,332$1,825$1,415$1,090$690
23 years$2,794$2,181$1,685$1,289$978$604
24 years$2,649$2,044$1,558$1,176$879$529
25 years$2,516$1,918$1,443$1,074$791$463
26 years$2,394$1,803$1,338$982$713$406
27 years$2,280$1,697$1,243$899$643$357
28 years$2,175$1,599$1,155$823$580$313
29 years$2,078$1,508$1,075$755$524$275
30 years$1,987$1,424$1,002$693$473$242
31 years$1,902$1,346$934$636$428$213
32 years$1,822$1,274$871$585$387$187
33 years$1,748$1,206$813$538$350$165
34 years$1,678$1,143$760$495$317$145
35 years$1,612$1,085$711$456$287$128
36 years$1,550$1,029$665$420$260$112
37 years$1,492$978$622$387$236$99
38 years$1,436$929$583$356$214$87
39 years$1,384$884$546$329$194$77
40 years$1,334$841$512$303$176$68
41 years$1,287$800$480$280$160$60
42 years$1,243$762$450$258$145$53
43 years$1,200$726$422$238$131$46
44 years$1,160$692$396$220$119$41
45 years$1,121$660$372$203$108$36
46 years$1,084$630$350$188$98$32
47 years$1,049$601$328$173$89$28
48 years$1,016$574$309$160$81$25
49 years$984$548$290$148$74$22
50 years$953$523$273$137$67$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $976,000, adding $4,720 every year, while hoping to spend $35,925 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: 60/33/7 Blend
69$976,000$976,000$976,000$976,000
70$1,080,421$1,028,693$1,013,565$1,143,415
71$1,152,400$1,040,875$1,009,295$1,198,351
72$1,230,516$1,052,450$1,003,679$1,253,698
73$1,315,359$1,063,350$996,632$1,313,159
74$1,407,575$1,073,503$988,068$1,377,129
75$1,507,875$1,082,832$977,896$1,446,046
76$1,617,042$1,091,255$966,020$1,520,393
77$1,735,939$1,098,685$952,340$1,600,702
78$1,865,513$1,105,028$936,751$1,687,560
79$2,006,807$1,110,187$919,144$1,781,615
80$2,160,971$1,114,055$899,405$1,883,582
81$2,329,267$1,116,521$877,412$1,994,249
82$2,513,088$1,117,466$853,041$2,114,486
83$2,713,964$1,116,763$826,159$2,245,253
84$2,933,584$1,114,280$796,630$2,387,608
85$3,173,802$1,109,872$764,310$2,542,720
86$3,436,664$1,103,390$729,049$2,711,878
87$3,724,420$1,094,673$690,689$2,896,502
88$4,039,551$1,083,551$649,066$3,098,163
89$4,384,784$1,069,845$604,009$3,318,589
90$4,763,127$1,053,362$555,338$3,559,691
91$5,177,890$1,033,901$502,867$3,823,572
92$5,632,721$1,011,248$446,398$4,112,558
93$6,131,634$985,175$385,729$4,429,209
94$6,679,055$955,443$320,645$4,776,352
95$7,279,856$921,797$250,924$5,157,106
96$7,939,403$883,967$176,332$5,574,909
97$8,663,610$841,669$96,627$6,033,555
98$9,458,990$794,602$11,555$6,537,227
99$10,332,716$742,447$0$7,090,540
100$11,292,693$684,867$0$7,704,502