Can I retire at age 70 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$82,249$81,516$80,801$80,104$79,422$78,757
2 years$40,717$39,959$39,224$38,511$37,820$37,150
3 years$26,875$26,114$25,380$24,675$23,995$23,340
4 years$19,956$19,196$18,470$17,777$17,113$16,479
5 years$15,805$15,050$14,334$13,654$13,009$12,397
6 years$13,039$12,290$11,584$10,919$10,294$9,705
7 years$11,063$10,321$9,626$8,977$8,372$7,806
8 years$9,583$8,847$8,164$7,531$6,945$6,403
9 years$8,432$7,703$7,032$6,415$5,849$5,330
10 years$7,511$6,790$6,130$5,530$4,983$4,488
11 years$6,759$6,044$5,397$4,812$4,286$3,813
12 years$6,132$5,425$4,790$4,221$3,714$3,263
13 years$5,603$4,903$4,279$3,727$3,239$2,810
14 years$5,149$4,456$3,845$3,308$2,839$2,431
15 years$4,756$4,071$3,471$2,950$2,500$2,113
16 years$4,413$3,735$3,147$2,642$2,209$1,842
17 years$4,110$3,440$2,864$2,373$1,959$1,611
18 years$3,841$3,179$2,614$2,139$1,742$1,413
19 years$3,601$2,946$2,393$1,933$1,552$1,241
20 years$3,385$2,737$2,197$1,750$1,387$1,093
21 years$3,190$2,550$2,020$1,589$1,241$964
22 years$3,013$2,380$1,862$1,444$1,112$851
23 years$2,851$2,226$1,719$1,315$998$753
24 years$2,704$2,086$1,590$1,200$897$667
25 years$2,568$1,957$1,473$1,096$808$591
26 years$2,443$1,840$1,366$1,002$727$524
27 years$2,327$1,731$1,268$917$656$465
28 years$2,220$1,631$1,179$840$592$413
29 years$2,120$1,539$1,097$770$534$367
30 years$2,027$1,453$1,022$707$483$326
31 years$1,941$1,374$953$649$437$290
32 years$1,860$1,300$889$597$395$258
33 years$1,784$1,231$830$549$357$230
34 years$1,712$1,167$776$505$324$205
35 years$1,645$1,107$725$465$293$182
36 years$1,582$1,050$678$428$266$163
37 years$1,522$998$635$394$241$145
38 years$1,466$948$595$364$218$129
39 years$1,412$902$557$335$198$115
40 years$1,362$858$522$309$179$103
41 years$1,314$817$490$285$163$92
42 years$1,268$778$459$263$148$82
43 years$1,225$741$431$243$134$73
44 years$1,183$706$404$224$122$65
45 years$1,144$674$380$207$110$58
46 years$1,107$643$357$191$100$52
47 years$1,071$613$335$177$91$46
48 years$1,036$585$315$163$83$41
49 years$1,004$559$296$151$75$37
50 years$972$534$278$140$68$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $996,000, adding $3,537 every year, while hoping to spend $55,971 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: 46/36/18 Blend
69$996,000$996,000$996,000$996,000
70$1,101,240$1,048,452$1,033,014$1,146,092
71$1,154,014$1,040,274$1,008,068$1,169,577
72$1,210,295$1,029,819$980,409$1,189,145
73$1,270,382$1,016,916$949,889$1,209,191
74$1,334,601$1,001,385$916,351$1,229,782
75$1,403,312$983,035$879,631$1,250,997
76$1,476,907$961,662$839,556$1,272,927
77$1,555,819$937,050$795,949$1,295,678
78$1,640,521$908,974$748,621$1,319,367
79$1,731,531$877,190$697,376$1,344,130
80$1,829,420$841,445$642,011$1,370,124
81$1,934,814$801,469$582,312$1,397,522
82$2,048,399$756,976$518,054$1,426,526
83$2,170,933$707,664$449,005$1,457,359
84$2,303,242$653,214$374,921$1,490,277
85$2,446,240$593,289$295,548$1,525,568
86$2,600,928$527,531$210,620$1,563,555
87$2,768,407$455,565$119,860$1,604,603
88$2,949,887$376,990$22,979$1,649,120
89$3,146,700$291,387$0$1,697,568
90$3,360,310$198,312$0$1,765,906
91$3,592,326$97,294$0$1,844,981
92$3,844,520$0$0$1,931,085
93$4,118,839$0$0$2,029,827
94$4,417,428$0$0$2,179,357
95$4,742,645$0$0$2,342,328
96$5,097,084$0$0$2,520,054
97$5,483,604$0$0$2,713,980
98$5,905,346$0$0$2,925,698
99$6,365,773$0$0$3,156,960
100$6,868,692$0$0$3,409,696