Can I retire at age 70 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$74,321$73,659$73,013$72,383$71,767$70,376
2 years$36,793$36,107$35,443$34,799$34,175$32,779
3 years$24,285$23,597$22,934$22,296$21,682$20,325
4 years$18,032$17,346$16,690$16,063$15,464$14,156
5 years$14,281$13,599$12,952$12,338$11,755$10,500
6 years$11,782$11,105$10,467$9,867$9,302$8,101
7 years$9,997$9,326$8,698$8,112$7,565$6,418
8 years$8,659$7,994$7,377$6,805$6,276$5,184
9 years$7,619$6,960$6,354$5,796$5,285$4,247
10 years$6,787$6,135$5,539$4,997$4,503$3,517
11 years$6,108$5,462$4,877$4,348$3,873$2,938
12 years$5,541$4,902$4,328$3,814$3,356$2,472
13 years$5,063$4,430$3,867$3,367$2,927$2,091
14 years$4,653$4,027$3,474$2,989$2,565$1,777
15 years$4,298$3,679$3,137$2,666$2,259$1,516
16 years$3,987$3,375$2,844$2,387$1,996$1,297
17 years$3,714$3,108$2,588$2,145$1,770$1,113
18 years$3,471$2,872$2,362$1,933$1,574$957
19 years$3,254$2,662$2,163$1,746$1,403$825
20 years$3,059$2,474$1,985$1,582$1,253$712
21 years$2,883$2,304$1,826$1,436$1,121$615
22 years$2,722$2,151$1,683$1,305$1,005$532
23 years$2,577$2,012$1,554$1,189$902$461
24 years$2,443$1,885$1,437$1,084$811$400
25 years$2,320$1,769$1,331$990$730$347
26 years$2,207$1,662$1,234$905$657$301
27 years$2,103$1,564$1,146$829$593$261
28 years$2,006$1,474$1,065$759$535$227
29 years$1,916$1,391$991$696$483$198
30 years$1,832$1,313$924$639$436$172
31 years$1,754$1,242$861$587$394$149
32 years$1,680$1,175$803$539$357$130
33 years$1,612$1,113$750$496$323$113
34 years$1,547$1,054$701$456$292$99
35 years$1,487$1,000$655$420$265$86
36 years$1,429$949$613$387$240$75
37 years$1,375$902$574$356$217$65
38 years$1,324$857$537$329$197$57
39 years$1,276$815$503$303$179$49
40 years$1,230$775$472$279$162$43
41 years$1,187$738$442$258$147$38
42 years$1,146$703$415$238$133$33
43 years$1,107$670$389$220$121$28
44 years$1,069$638$366$203$110$25
45 years$1,034$609$343$187$100$22
46 years$1,000$581$322$173$91$19
47 years$968$554$303$160$82$16
48 years$937$529$285$148$75$14
49 years$907$505$267$136$68$12
50 years$879$482$251$126$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $900,000, adding $3,591 every year, while hoping to spend $40,714 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: 51/31/18 Blend
69$900,000$900,000$900,000$900,000
70$995,504$947,804$933,854$1,041,163
71$1,053,726$950,927$921,819$1,076,106
72$1,116,522$952,839$908,016$1,109,552
73$1,184,316$953,436$892,343$1,145,036
74$1,257,573$952,611$874,693$1,182,762
75$1,336,804$950,248$854,954$1,222,961
76$1,422,573$946,225$833,009$1,265,887
77$1,515,496$940,410$808,736$1,311,822
78$1,616,254$932,668$782,006$1,361,080
79$1,725,593$922,850$752,685$1,414,008
80$1,844,337$910,803$720,633$1,470,991
81$1,973,388$896,361$685,703$1,532,459
82$2,113,742$879,351$647,742$1,598,883
83$2,266,492$859,588$606,590$1,670,790
84$2,432,843$836,877$562,080$1,748,763
85$2,614,120$811,011$514,037$1,833,444
86$2,811,781$781,770$462,277$1,925,551
87$3,027,430$748,925$406,611$2,025,872
88$3,262,834$712,228$346,839$2,135,285
89$3,519,938$671,422$282,752$2,254,760
90$3,800,881$626,231$214,134$2,385,370
91$4,108,021$576,366$140,757$2,528,303
92$4,443,951$521,521$62,385$2,684,873
93$4,811,529$461,370$0$2,856,536
94$5,213,901$395,573$0$3,048,982
95$5,654,529$323,767$0$3,272,959
96$6,137,230$245,569$0$3,518,493
97$6,666,202$160,578$0$3,787,814
98$7,246,074$68,365$0$4,083,382
99$7,881,940$0$0$4,407,915
100$8,579,412$0$0$4,775,163