Can I retire at age 70 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$81,423$80,698$79,990$79,299$78,625$76,445
2 years$40,308$39,558$38,830$38,125$37,440$35,261
3 years$26,605$25,851$25,126$24,427$23,754$21,642
4 years$19,755$19,004$18,285$17,598$16,941$14,914
5 years$15,646$14,899$14,190$13,517$12,879$10,941
6 years$12,908$12,166$11,468$10,810$10,190$8,345
7 years$10,952$10,217$9,530$8,887$8,288$6,534
8 years$9,487$8,758$8,082$7,455$6,875$5,213
9 years$8,347$7,625$6,961$6,350$5,790$4,217
10 years$7,436$6,721$6,069$5,474$4,933$3,447
11 years$6,691$5,984$5,343$4,764$4,243$2,842
12 years$6,071$5,371$4,742$4,179$3,677$2,358
13 years$5,546$4,853$4,236$3,689$3,206$1,967
14 years$5,097$4,412$3,806$3,275$2,811$1,648
15 years$4,708$4,030$3,437$2,921$2,475$1,385
16 years$4,368$3,698$3,116$2,615$2,187$1,168
17 years$4,069$3,405$2,835$2,350$1,939$987
18 years$3,803$3,147$2,588$2,117$1,724$836
19 years$3,565$2,916$2,369$1,913$1,537$709
20 years$3,351$2,710$2,174$1,733$1,373$602
21 years$3,158$2,524$2,000$1,573$1,228$512
22 years$2,983$2,356$1,843$1,430$1,101$436
23 years$2,823$2,204$1,702$1,302$988$371
24 years$2,676$2,065$1,574$1,188$888$317
25 years$2,542$1,938$1,458$1,085$799$270
26 years$2,418$1,821$1,352$992$720$231
27 years$2,304$1,714$1,256$908$649$197
28 years$2,198$1,615$1,167$832$586$168
29 years$2,099$1,524$1,086$763$529$144
30 years$2,007$1,439$1,012$700$478$123
31 years$1,921$1,360$943$643$432$105
32 years$1,841$1,287$880$591$391$90
33 years$1,766$1,219$822$543$354$77
34 years$1,695$1,155$768$500$320$66
35 years$1,629$1,096$718$460$290$56
36 years$1,566$1,040$672$424$263$48
37 years$1,507$988$629$391$238$41
38 years$1,451$939$589$360$216$35
39 years$1,398$893$551$332$196$30
40 years$1,348$849$517$306$178$26
41 years$1,300$808$485$282$161$22
42 years$1,255$770$455$261$146$19
43 years$1,212$734$427$241$133$16
44 years$1,172$699$400$222$120$14
45 years$1,133$667$376$205$109$12
46 years$1,095$636$353$190$99$10
47 years$1,060$607$332$175$90$9
48 years$1,026$579$312$162$82$7
49 years$994$553$293$150$74$6
50 years$963$529$276$138$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $986,000, adding $3,309 every year, while hoping to spend $35,165 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: 73/11/16 Blend
69$986,000$986,000$986,000$986,000
70$1,089,985$1,037,727$1,022,444$1,165,373
71$1,163,748$1,051,161$1,019,281$1,229,219
72$1,243,857$1,064,074$1,014,833$1,294,518
73$1,330,921$1,076,404$1,009,020$1,365,122
74$1,425,611$1,088,084$1,001,759$1,441,551
75$1,528,666$1,099,043$992,961$1,524,375
76$1,640,899$1,109,205$982,533$1,614,223
77$1,763,203$1,118,488$970,381$1,711,791
78$1,896,563$1,126,807$956,401$1,817,843
79$2,042,060$1,134,069$940,489$1,933,221
80$2,200,888$1,140,176$922,533$2,058,856
81$2,374,359$1,145,024$902,418$2,195,772
82$2,563,916$1,148,503$880,022$2,345,099
83$2,771,151$1,150,495$855,218$2,508,080
84$2,997,813$1,150,874$827,873$2,686,088
85$3,245,831$1,149,508$797,847$2,880,637
86$3,517,328$1,146,256$764,997$3,093,393
87$3,814,640$1,140,968$729,170$3,326,194
88$4,140,343$1,133,484$690,206$3,581,067
89$4,497,270$1,123,637$647,940$3,860,246
90$4,888,545$1,111,248$602,199$4,166,192
91$5,317,604$1,096,128$552,801$4,501,621
92$5,788,236$1,078,075$499,556$4,869,525
93$6,304,613$1,056,876$442,267$5,273,203
94$6,871,327$1,032,308$380,728$5,716,289
95$7,493,442$1,004,130$314,721$6,202,794
96$8,176,531$972,090$244,022$6,737,136
97$8,926,736$935,922$168,396$7,324,185
98$9,750,823$895,341$87,597$7,969,311
99$10,656,243$850,049$1,368$8,678,432
100$11,651,208$799,729$0$9,458,073