Can I retire at age 70 with 998,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$82,414$81,680$80,964$80,265$79,582$77,721
2 years$40,799$40,039$39,303$38,589$37,896$36,032
3 years$26,929$26,166$25,431$24,724$24,043$22,234
4 years$19,996$19,235$18,508$17,812$17,148$15,407
5 years$15,837$15,080$14,363$13,682$13,035$11,369
6 years$13,065$12,314$11,607$10,941$10,314$8,723
7 years$11,086$10,341$9,646$8,995$8,388$6,873
8 years$9,602$8,865$8,180$7,546$6,959$5,518
9 years$8,449$7,718$7,046$6,428$5,860$4,494
10 years$7,527$6,803$6,143$5,541$4,993$3,699
11 years$6,773$6,056$5,408$4,822$4,294$3,071
12 years$6,145$5,436$4,799$4,230$3,722$2,567
13 years$5,614$4,913$4,288$3,734$3,245$2,157
14 years$5,159$4,465$3,853$3,315$2,845$1,820
15 years$4,766$4,079$3,478$2,956$2,505$1,542
16 years$4,422$3,743$3,154$2,647$2,214$1,310
17 years$4,118$3,447$2,870$2,378$1,963$1,116
18 years$3,849$3,185$2,620$2,143$1,745$953
19 years$3,608$2,952$2,398$1,937$1,556$815
20 years$3,392$2,743$2,201$1,754$1,389$698
21 years$3,196$2,555$2,024$1,592$1,243$599
22 years$3,019$2,385$1,866$1,447$1,115$514
23 years$2,857$2,231$1,723$1,318$1,000$442
24 years$2,709$2,090$1,593$1,202$899$380
25 years$2,573$1,961$1,476$1,098$809$327
26 years$2,448$1,843$1,369$1,004$729$282
27 years$2,332$1,735$1,271$919$657$243
28 years$2,224$1,635$1,181$842$593$209
29 years$2,124$1,542$1,099$772$535$180
30 years$2,031$1,456$1,024$709$484$156
31 years$1,945$1,377$955$651$437$134
32 years$1,863$1,303$891$598$396$116
33 years$1,787$1,234$832$550$358$100
34 years$1,716$1,169$777$506$324$86
35 years$1,648$1,109$727$466$294$75
36 years$1,585$1,053$680$429$266$64
37 years$1,525$1,000$636$395$241$56
38 years$1,469$950$596$364$219$48
39 years$1,415$903$558$336$198$41
40 years$1,364$860$523$310$180$36
41 years$1,316$818$491$286$163$31
42 years$1,271$779$460$264$148$27
43 years$1,227$742$432$244$134$23
44 years$1,186$708$405$225$122$20
45 years$1,146$675$381$208$111$17
46 years$1,109$644$357$192$101$15
47 years$1,073$614$336$177$91$13
48 years$1,039$587$316$164$83$11
49 years$1,006$560$297$151$75$10
50 years$974$535$279$140$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $998,000, adding $5,802 every year, while hoping to spend $42,413 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: 70/20/10 Blend
69$998,000$998,000$998,000$998,000
70$1,105,781$1,052,887$1,037,418$1,180,606
71$1,173,443$1,059,351$1,027,044$1,237,407
72$1,246,586$1,064,711$1,014,902$1,293,818
73$1,325,723$1,068,867$1,000,886$1,354,412
74$1,411,419$1,071,714$984,888$1,419,590
75$1,504,296$1,073,140$966,794$1,489,797
76$1,605,038$1,073,027$946,485$1,565,522
77$1,714,395$1,071,249$923,836$1,647,307
78$1,833,195$1,067,671$898,716$1,735,747
79$1,962,345$1,062,152$870,987$1,831,499
80$2,102,848$1,054,541$840,509$1,935,290
81$2,255,802$1,044,677$807,130$2,047,919
82$2,422,419$1,032,392$770,694$2,170,268
83$2,604,032$1,017,505$731,038$2,303,312
84$2,802,107$999,827$687,992$2,448,123
85$3,018,258$979,154$641,376$2,605,887
86$3,254,263$955,275$591,004$2,777,911
87$3,512,076$927,962$536,681$2,965,635
88$3,793,851$896,975$478,203$3,170,649
89$4,101,959$862,062$415,358$3,394,707
90$4,439,010$822,954$347,923$3,639,744
91$4,807,877$779,367$275,667$3,907,892
92$5,211,726$731,001$198,347$4,201,507
93$5,654,040$677,539$115,710$4,523,182
94$6,138,659$618,645$27,493$4,875,781
95$6,669,807$553,964$0$5,262,462
96$7,252,141$483,121$0$5,693,818
97$7,890,785$405,721$0$6,170,172
98$8,591,388$321,343$0$6,692,855
99$9,360,168$229,548$0$7,266,571
100$10,203,976$129,867$0$7,896,508