Can I retire at age 70 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$81,753$81,025$80,315$79,621$78,944$78,512
2 years$40,472$39,718$38,988$38,279$37,592$37,157
3 years$26,713$25,956$25,228$24,526$23,850$23,424
4 years$19,835$19,081$18,359$17,670$17,010$16,597
5 years$15,710$14,959$14,248$13,572$12,931$12,532
6 years$12,960$12,215$11,514$10,854$10,232$9,847
7 years$10,997$10,259$9,568$8,923$8,321$7,951
8 years$9,525$8,793$8,115$7,486$6,903$6,548
9 years$8,381$7,656$6,989$6,376$5,813$5,473
10 years$7,466$6,749$6,093$5,496$4,953$4,628
11 years$6,718$6,008$5,364$4,783$4,260$3,949
12 years$6,095$5,392$4,761$4,196$3,692$3,394
13 years$5,569$4,873$4,253$3,704$3,219$2,936
14 years$5,118$4,430$3,822$3,288$2,822$2,552
15 years$4,727$4,046$3,451$2,932$2,485$2,228
16 years$4,386$3,713$3,128$2,626$2,196$1,952
17 years$4,085$3,419$2,847$2,359$1,947$1,715
18 years$3,818$3,159$2,599$2,126$1,731$1,512
19 years$3,579$2,928$2,379$1,921$1,543$1,335
20 years$3,365$2,721$2,183$1,740$1,378$1,181
21 years$3,171$2,534$2,008$1,579$1,233$1,047
22 years$2,995$2,366$1,851$1,436$1,106$930
23 years$2,834$2,213$1,709$1,308$992$827
24 years$2,687$2,073$1,581$1,193$892$736
25 years$2,552$1,946$1,464$1,089$803$656
26 years$2,428$1,829$1,358$996$723$585
27 years$2,313$1,721$1,261$912$652$522
28 years$2,206$1,622$1,172$835$588$466
29 years$2,107$1,530$1,091$766$531$416
30 years$2,015$1,445$1,016$703$480$372
31 years$1,929$1,366$947$646$434$333
32 years$1,848$1,292$884$593$392$298
33 years$1,773$1,224$825$546$355$267
34 years$1,702$1,160$771$502$322$239
35 years$1,635$1,100$721$462$291$214
36 years$1,572$1,044$674$426$264$192
37 years$1,513$992$631$392$239$172
38 years$1,457$942$591$361$217$154
39 years$1,404$896$554$333$197$138
40 years$1,353$853$519$307$178$124
41 years$1,306$812$487$284$162$111
42 years$1,260$773$456$262$147$100
43 years$1,217$737$428$242$133$90
44 years$1,176$702$402$223$121$81
45 years$1,137$669$378$206$110$72
46 years$1,100$639$355$190$100$65
47 years$1,064$609$333$176$91$58
48 years$1,030$582$313$162$82$52
49 years$998$556$294$150$75$47
50 years$967$531$277$139$68$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $990,000, adding $5,961 every year, while hoping to spend $41,311 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: 42/28/30 Blend
69$990,000$990,000$990,000$990,000
70$1,097,129$1,044,659$1,029,314$1,133,361
71$1,165,081$1,051,892$1,019,841$1,167,338
72$1,238,580$1,058,096$1,008,667$1,199,806
73$1,318,148$1,063,175$995,690$1,234,196
74$1,404,359$1,067,031$980,805$1,270,714
75$1,497,843$1,069,555$963,902$1,309,584
76$1,599,296$1,070,636$944,865$1,351,060
77$1,709,480$1,070,152$923,574$1,395,421
78$1,829,235$1,067,978$899,901$1,442,981
79$1,959,484$1,063,976$873,715$1,494,087
80$2,101,245$1,058,004$844,878$1,549,122
81$2,255,635$1,049,909$813,244$1,608,516
82$2,423,884$1,039,530$778,663$1,672,744
83$2,607,348$1,026,694$740,975$1,742,333
84$2,807,515$1,011,220$700,016$1,817,868
85$3,026,028$992,916$655,613$1,899,999
86$3,264,692$971,578$607,585$1,989,446
87$3,525,495$946,990$555,743$2,087,007
88$3,810,625$918,922$499,891$2,193,567
89$4,122,493$887,134$439,821$2,310,107
90$4,463,752$851,368$375,320$2,437,713
91$4,837,324$811,353$306,162$2,577,587
92$5,246,425$766,804$232,112$2,731,063
93$5,694,599$717,416$152,927$2,899,615
94$6,185,747$662,868$68,349$3,084,875
95$6,724,167$602,822$0$3,288,651
96$7,314,591$536,920$0$3,519,955
97$7,962,231$464,781$0$3,797,789
98$8,672,831$386,007$0$4,102,790
99$9,452,712$300,174$0$4,437,761
100$10,308,842$206,836$0$4,805,793