Can I retire at age 70 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$82,166$81,434$80,720$80,023$79,343$78,876
2 years$40,676$39,919$39,185$38,473$37,782$37,311
3 years$26,848$26,087$25,355$24,650$23,971$23,510
4 years$19,935$19,177$18,452$17,759$17,096$16,649
5 years$15,789$15,035$14,319$13,640$12,996$12,565
6 years$13,025$12,277$11,572$10,908$10,283$9,868
7 years$11,052$10,310$9,617$8,968$8,363$7,964
8 years$9,573$8,838$8,156$7,523$6,938$6,555
9 years$8,423$7,695$7,024$6,408$5,843$5,475
10 years$7,504$6,783$6,124$5,524$4,978$4,627
11 years$6,752$6,038$5,392$4,808$4,282$3,946
12 years$6,126$5,420$4,785$4,217$3,710$3,390
13 years$5,597$4,898$4,275$3,723$3,235$2,930
14 years$5,144$4,452$3,841$3,305$2,836$2,545
15 years$4,751$4,067$3,468$2,947$2,497$2,220
16 years$4,408$3,731$3,144$2,639$2,207$1,944
17 years$4,106$3,436$2,861$2,371$1,957$1,707
18 years$3,837$3,175$2,612$2,137$1,740$1,503
19 years$3,597$2,943$2,391$1,931$1,551$1,327
20 years$3,382$2,735$2,194$1,749$1,385$1,173
21 years$3,187$2,547$2,018$1,587$1,240$1,039
22 years$3,010$2,378$1,860$1,443$1,111$922
23 years$2,849$2,224$1,718$1,314$997$819
24 years$2,701$2,084$1,588$1,199$897$729
25 years$2,565$1,955$1,471$1,095$807$649
26 years$2,440$1,838$1,365$1,001$727$578
27 years$2,325$1,730$1,267$916$655$515
28 years$2,218$1,630$1,178$839$591$460
29 years$2,118$1,537$1,096$770$534$411
30 years$2,025$1,452$1,021$706$482$367
31 years$1,939$1,373$952$649$436$328
32 years$1,858$1,299$888$596$394$293
33 years$1,782$1,230$829$548$357$263
34 years$1,711$1,166$775$504$323$235
35 years$1,644$1,106$724$464$293$210
36 years$1,580$1,049$678$428$265$188
37 years$1,521$997$634$394$240$169
38 years$1,464$947$594$363$218$151
39 years$1,411$901$556$335$198$135
40 years$1,360$857$522$309$179$121
41 years$1,312$816$489$285$163$109
42 years$1,267$777$459$263$148$98
43 years$1,223$740$430$243$134$87
44 years$1,182$706$404$224$122$78
45 years$1,143$673$379$207$110$70
46 years$1,105$642$356$191$100$63
47 years$1,070$613$335$177$91$57
48 years$1,035$585$315$163$83$51
49 years$1,003$558$296$151$75$46
50 years$971$533$278$139$68$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $995,000, adding $4,095 every year, while hoping to spend $27,443 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: 70/11/19 Blend
69$995,000$995,000$995,000$995,000
70$1,100,714$1,047,979$1,032,556$1,172,424
71$1,183,788$1,070,131$1,037,948$1,242,901
72$1,274,415$1,092,448$1,042,600$1,316,376
73$1,373,338$1,114,911$1,046,460$1,396,114
74$1,481,372$1,137,495$1,049,470$1,482,730
75$1,599,416$1,160,176$1,051,571$1,576,903
76$1,728,460$1,182,928$1,052,702$1,679,381
77$1,869,591$1,205,721$1,052,797$1,790,988
78$2,024,011$1,228,522$1,051,786$1,912,632
79$2,193,038$1,251,298$1,049,599$2,045,313
80$2,378,128$1,274,011$1,046,160$2,190,135
81$2,580,880$1,296,621$1,041,390$2,348,312
82$2,803,059$1,319,085$1,035,206$2,521,183
83$3,046,607$1,341,355$1,027,521$2,710,224
84$3,313,662$1,363,383$1,018,244$2,917,061
85$3,606,580$1,385,113$1,007,280$3,143,487
86$3,927,956$1,406,489$994,529$3,391,477
87$4,280,648$1,427,447$979,886$3,663,208
88$4,667,803$1,447,921$963,241$3,961,080
89$5,092,890$1,467,840$944,481$4,287,736
90$5,559,729$1,487,128$923,485$4,646,091
91$6,072,527$1,505,703$900,127$5,039,358
92$6,635,920$1,523,478$874,277$5,471,077
93$7,255,015$1,540,360$845,796$5,945,149
94$7,935,438$1,556,249$814,542$6,465,875
95$8,683,387$1,571,039$780,364$7,037,994
96$9,505,691$1,584,619$743,104$7,666,731
97$10,409,872$1,596,866$702,599$8,357,842
98$11,404,220$1,607,654$658,677$9,117,673
99$12,497,867$1,616,845$611,159$9,953,219
100$13,700,874$1,624,294$559,857$10,872,186