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%11.5%
1 years$74,321$73,659$73,013$72,383$71,767$71,315
2 years$36,793$36,107$35,443$34,799$34,175$33,719
3 years$24,285$23,597$22,934$22,296$21,682$21,236
4 years$18,032$17,346$16,690$16,063$15,464$15,031
5 years$14,281$13,599$12,952$12,338$11,755$11,338
6 years$11,782$11,105$10,467$9,867$9,302$8,899
7 years$9,997$9,326$8,698$8,112$7,565$7,178
8 years$8,659$7,994$7,377$6,805$6,276$5,905
9 years$7,619$6,960$6,354$5,796$5,285$4,930
10 years$6,787$6,135$5,539$4,997$4,503$4,163
11 years$6,108$5,462$4,877$4,348$3,873$3,548
12 years$5,541$4,902$4,328$3,814$3,356$3,046
13 years$5,063$4,430$3,867$3,367$2,927$2,631
14 years$4,653$4,027$3,474$2,989$2,565$2,284
15 years$4,298$3,679$3,137$2,666$2,259$1,991
16 years$3,987$3,375$2,844$2,387$1,996$1,742
17 years$3,714$3,108$2,588$2,145$1,770$1,529
18 years$3,471$2,872$2,362$1,933$1,574$1,346
19 years$3,254$2,662$2,163$1,746$1,403$1,187
20 years$3,059$2,474$1,985$1,582$1,253$1,049
21 years$2,883$2,304$1,826$1,436$1,121$928
22 years$2,722$2,151$1,683$1,305$1,005$823
23 years$2,577$2,012$1,554$1,189$902$730
24 years$2,443$1,885$1,437$1,084$811$649
25 years$2,320$1,769$1,331$990$730$578
26 years$2,207$1,662$1,234$905$657$514
27 years$2,103$1,564$1,146$829$593$458
28 years$2,006$1,474$1,065$759$535$409
29 years$1,916$1,391$991$696$483$365
30 years$1,832$1,313$924$639$436$325
31 years$1,754$1,242$861$587$394$291
32 years$1,680$1,175$803$539$357$260
33 years$1,612$1,113$750$496$323$232
34 years$1,547$1,054$701$456$292$208
35 years$1,487$1,000$655$420$265$186
36 years$1,429$949$613$387$240$166
37 years$1,375$902$574$356$217$149
38 years$1,324$857$537$329$197$133
39 years$1,276$815$503$303$179$119
40 years$1,230$775$472$279$162$107
41 years$1,187$738$442$258$147$96
42 years$1,146$703$415$238$133$86
43 years$1,107$670$389$220$121$77
44 years$1,069$638$366$203$110$69
45 years$1,034$609$343$187$100$62
46 years$1,000$581$322$173$91$55
47 years$968$554$303$160$82$49
48 years$937$529$285$148$75$44
49 years$907$505$267$136$68$40
50 years$879$482$251$126$62$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $900,000, adding $2,116 every year, while hoping to spend $26,401 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: 52/27/21 Blend
69$900,000$900,000$900,000$900,000
70$993,983$946,283$932,333$1,039,796
71$1,067,278$964,560$935,475$1,089,876
72$1,147,166$982,848$937,838$1,141,412
73$1,234,288$1,001,120$939,368$1,196,910
74$1,329,356$1,019,345$940,007$1,256,758
75$1,433,150$1,037,492$939,697$1,321,379
76$1,546,529$1,055,527$938,374$1,391,245
77$1,670,439$1,073,412$935,974$1,466,871
78$1,805,923$1,091,108$932,428$1,548,828
79$1,954,126$1,108,572$927,664$1,637,747
80$2,116,312$1,125,757$921,605$1,734,322
81$2,293,871$1,142,614$914,175$1,839,318
82$2,488,335$1,159,091$905,288$1,953,580
83$2,701,389$1,175,131$894,860$2,078,040
84$2,934,891$1,190,672$882,798$2,213,724
85$3,190,886$1,205,651$869,008$2,361,766
86$3,471,627$1,219,999$853,389$2,523,415
87$3,779,594$1,233,640$835,839$2,700,051
88$4,117,520$1,246,496$816,248$2,893,192
89$4,488,416$1,258,483$794,501$3,104,515
90$4,895,596$1,269,511$770,479$3,335,869
91$5,342,714$1,279,484$744,057$3,589,293
92$5,833,793$1,288,300$715,105$3,867,034
93$6,373,265$1,295,852$683,485$4,171,574
94$6,966,012$1,302,023$649,056$4,505,645
95$7,617,413$1,306,690$611,668$4,872,264
96$8,333,395$1,309,723$571,164$5,274,755
97$9,120,486$1,310,984$527,383$5,716,786
98$9,985,878$1,310,325$480,152$6,202,398
99$10,937,495$1,307,589$429,296$6,736,050
100$11,984,069$1,302,610$374,627$7,322,658