Can I retire at age 70 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$82,496$81,762$81,045$80,345$79,662$78,634
2 years$40,840$40,079$39,342$38,627$37,934$36,900
3 years$26,956$26,192$25,457$24,749$24,067$23,059
4 years$20,016$19,254$18,526$17,830$17,165$16,190
5 years$15,852$15,095$14,377$13,695$13,048$12,110
6 years$13,078$12,327$11,619$10,952$10,325$9,424
7 years$11,097$10,352$9,655$9,004$8,397$7,534
8 years$9,612$8,873$8,188$7,554$6,966$6,141
9 years$8,457$7,726$7,053$6,434$5,866$5,079
10 years$7,534$6,810$6,149$5,546$4,998$4,248
11 years$6,779$6,063$5,413$4,827$4,299$3,585
12 years$6,151$5,441$4,804$4,234$3,725$3,047
13 years$5,620$4,917$4,292$3,738$3,248$2,605
14 years$5,164$4,470$3,857$3,318$2,848$2,238
15 years$4,770$4,083$3,482$2,959$2,507$1,930
16 years$4,426$3,746$3,157$2,650$2,216$1,670
17 years$4,122$3,450$2,873$2,381$1,965$1,449
18 years$3,853$3,188$2,622$2,145$1,747$1,261
19 years$3,612$2,955$2,401$1,939$1,557$1,099
20 years$3,395$2,746$2,203$1,756$1,391$960
21 years$3,200$2,558$2,026$1,593$1,245$840
22 years$3,022$2,387$1,868$1,449$1,116$736
23 years$2,860$2,233$1,725$1,319$1,001$645
24 years$2,712$2,092$1,595$1,203$900$566
25 years$2,576$1,963$1,477$1,099$810$498
26 years$2,450$1,845$1,370$1,005$730$437
27 years$2,334$1,736$1,272$920$658$385
28 years$2,227$1,636$1,183$843$594$339
29 years$2,127$1,544$1,101$773$536$298
30 years$2,034$1,458$1,025$709$484$263
31 years$1,947$1,378$956$651$438$232
32 years$1,865$1,304$892$599$396$204
33 years$1,789$1,235$833$550$358$180
34 years$1,717$1,170$778$507$325$159
35 years$1,650$1,110$727$466$294$140
36 years$1,587$1,054$680$429$266$124
37 years$1,527$1,001$637$396$241$109
38 years$1,470$951$596$365$219$97
39 years$1,417$904$559$336$198$85
40 years$1,366$860$524$310$180$75
41 years$1,318$819$491$286$163$67
42 years$1,272$780$461$264$148$59
43 years$1,228$743$432$244$134$52
44 years$1,187$708$406$225$122$46
45 years$1,147$676$381$208$111$41
46 years$1,110$644$358$192$101$36
47 years$1,074$615$336$177$91$32
48 years$1,040$587$316$164$83$28
49 years$1,007$561$297$151$75$25
50 years$975$536$279$140$68$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $999,000, adding $6,819 every year, while hoping to spend $57,139 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: 71/9/20 Blend
69$999,000$999,000$999,000$999,000
70$1,107,932$1,054,985$1,039,500$1,180,746
71$1,160,145$1,045,884$1,013,528$1,221,037
72$1,215,770$1,034,421$984,771$1,257,693
73$1,275,092$1,020,422$953,075$1,296,400
74$1,338,428$1,003,699$918,279$1,337,354
75$1,406,123$984,055$880,216$1,380,773
76$1,478,554$961,281$838,710$1,426,896
77$1,556,137$935,154$793,577$1,475,990
78$1,639,326$905,440$744,626$1,528,348
79$1,728,622$871,891$691,655$1,584,297
80$1,824,571$834,244$634,456$1,644,197
81$1,927,776$792,220$572,808$1,708,448
82$2,038,896$745,526$506,484$1,777,491
83$2,158,657$693,850$435,245$1,851,816
84$2,287,854$636,863$358,840$1,931,962
85$2,427,364$574,218$277,010$2,018,528
86$2,578,148$505,547$189,482$2,112,175
87$2,741,262$430,462$95,973$2,213,637
88$2,917,868$348,552$0$2,323,720
89$3,109,243$259,384$0$2,444,136
90$3,316,792$162,499$0$2,596,967
91$3,542,059$57,416$0$2,762,874
92$3,786,742$0$0$2,943,137
93$4,052,709$0$0$3,144,750
94$4,342,017$0$0$3,370,286
95$4,656,925$0$0$3,615,826
96$4,999,923$0$0$3,883,317
97$5,373,748$0$0$4,174,901
98$5,781,415$0$0$4,492,934
99$6,226,238$0$0$4,840,010
100$6,711,871$0$0$5,218,986