Can I retire at age 70 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$74,486$73,823$73,176$72,544$71,927$70,852
2 years$36,874$36,188$35,522$34,877$34,251$33,170
3 years$24,339$23,649$22,985$22,346$21,730$20,678
4 years$18,072$17,385$16,727$16,099$15,498$14,482
5 years$14,313$13,630$12,981$12,366$11,781$10,804
6 years$11,808$11,130$10,491$9,889$9,322$8,385
7 years$10,019$9,347$8,718$8,130$7,581$6,685
8 years$8,678$8,012$7,393$6,820$6,290$5,433
9 years$7,636$6,976$6,368$5,809$5,297$4,480
10 years$6,803$6,149$5,552$5,008$4,513$3,736
11 years$6,121$5,474$4,888$4,358$3,881$3,143
12 years$5,554$4,913$4,338$3,823$3,364$2,663
13 years$5,074$4,440$3,875$3,375$2,933$2,269
14 years$4,663$4,036$3,482$2,996$2,571$1,942
15 years$4,307$3,687$3,144$2,672$2,264$1,670
16 years$3,996$3,383$2,850$2,392$2,001$1,440
17 years$3,722$3,115$2,594$2,149$1,774$1,245
18 years$3,479$2,879$2,368$1,937$1,577$1,079
19 years$3,261$2,668$2,168$1,750$1,406$938
20 years$3,066$2,479$1,989$1,585$1,256$816
21 years$2,889$2,309$1,830$1,439$1,124$711
22 years$2,729$2,156$1,686$1,308$1,007$620
23 years$2,582$2,016$1,557$1,191$904$542
24 years$2,448$1,889$1,440$1,087$813$474
25 years$2,325$1,773$1,334$992$731$415
26 years$2,212$1,666$1,237$907$659$363
27 years$2,107$1,568$1,149$830$594$318
28 years$2,010$1,477$1,068$761$536$279
29 years$1,920$1,394$994$698$484$245
30 years$1,836$1,316$926$640$437$215
31 years$1,758$1,244$863$588$395$189
32 years$1,684$1,177$805$541$358$166
33 years$1,615$1,115$752$497$324$146
34 years$1,551$1,057$702$457$293$128
35 years$1,490$1,002$657$421$265$112
36 years$1,433$951$614$388$240$99
37 years$1,379$904$575$357$218$87
38 years$1,327$859$538$329$198$76
39 years$1,279$817$504$304$179$67
40 years$1,233$777$473$280$163$59
41 years$1,190$740$443$258$147$52
42 years$1,148$704$416$238$134$46
43 years$1,109$671$390$220$121$40
44 years$1,072$640$366$203$110$35
45 years$1,036$610$344$188$100$31
46 years$1,002$582$323$173$91$27
47 years$970$555$304$160$82$24
48 years$939$530$285$148$75$21
49 years$909$506$268$137$68$19
50 years$881$484$252$126$62$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $902,000, adding $5,598 every year, while hoping to spend $56,710 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: 59/24/17 Blend
69$902,000$902,000$902,000$902,000
70$999,778$951,972$937,991$1,054,057
71$1,041,417$938,280$909,075$1,077,734
72$1,085,402$922,016$877,289$1,096,800
73$1,131,912$902,995$842,478$1,116,288
74$1,181,145$881,019$804,479$1,136,246
75$1,233,313$855,880$763,120$1,156,731
76$1,288,651$827,358$718,225$1,177,809
77$1,347,413$795,219$669,605$1,199,554
78$1,409,880$759,215$617,068$1,222,052
79$1,476,357$719,086$560,409$1,245,400
80$1,547,179$674,555$499,416$1,269,708
81$1,622,712$625,329$433,867$1,295,104
82$1,703,358$571,099$363,531$1,321,728
83$1,789,556$511,538$288,165$1,349,744
84$1,881,788$446,301$207,516$1,379,332
85$1,980,584$375,023$121,321$1,410,699
86$2,086,523$297,319$29,304$1,444,076
87$2,200,241$212,780$0$1,479,725
88$2,322,436$120,977$0$1,530,434
89$2,453,875$21,455$0$1,590,522
90$2,595,399$0$0$1,655,093
91$2,747,933$0$0$1,747,402
92$2,912,490$0$0$1,853,158
93$3,090,187$0$0$1,967,417
94$3,282,249$0$0$2,090,976
95$3,490,022$0$0$2,224,709
96$3,714,986$0$0$2,369,577
97$3,958,771$0$0$2,526,637
98$4,223,164$0$0$2,697,051
99$4,510,134$0$0$2,882,097
100$4,821,845$0$0$3,083,181