Can I retire at age 70 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$74,651$73,987$73,338$72,705$72,086$70,458
2 years$36,956$36,268$35,601$34,954$34,327$32,695
3 years$24,393$23,701$23,036$22,395$21,778$20,194
4 years$18,112$17,423$16,764$16,135$15,532$14,008
5 years$14,345$13,660$13,010$12,393$11,808$10,347
6 years$11,834$11,154$10,514$9,911$9,343$7,948
7 years$10,042$9,367$8,737$8,148$7,598$6,269
8 years$8,698$8,030$7,410$6,835$6,304$5,040
9 years$7,653$6,991$6,382$5,822$5,308$4,109
10 years$6,818$6,162$5,564$5,019$4,523$3,386
11 years$6,135$5,486$4,898$4,368$3,890$2,815
12 years$5,566$4,924$4,347$3,831$3,371$2,356
13 years$5,085$4,450$3,884$3,382$2,940$1,982
14 years$4,673$4,045$3,490$3,002$2,577$1,675
15 years$4,317$3,695$3,151$2,678$2,269$1,421
16 years$4,005$3,390$2,857$2,398$2,005$1,209
17 years$3,730$3,122$2,599$2,154$1,778$1,032
18 years$3,486$2,885$2,373$1,941$1,581$882
19 years$3,268$2,674$2,172$1,754$1,409$756
20 years$3,072$2,485$1,994$1,589$1,259$648
21 years$2,895$2,314$1,834$1,442$1,126$557
22 years$2,735$2,160$1,690$1,311$1,010$479
23 years$2,588$2,021$1,561$1,194$906$412
24 years$2,454$1,893$1,443$1,089$815$355
25 years$2,331$1,777$1,337$995$733$306
26 years$2,217$1,670$1,240$909$660$264
27 years$2,112$1,571$1,151$832$595$228
28 years$2,015$1,481$1,070$763$537$197
29 years$1,924$1,397$996$699$485$170
30 years$1,840$1,319$928$642$438$147
31 years$1,762$1,247$865$589$396$127
32 years$1,688$1,180$807$542$358$110
33 years$1,619$1,117$753$498$324$95
34 years$1,554$1,059$704$458$294$82
35 years$1,493$1,005$658$422$266$71
36 years$1,436$953$616$389$241$61
37 years$1,382$906$576$358$218$53
38 years$1,330$861$540$330$198$46
39 years$1,282$818$506$304$180$40
40 years$1,236$779$474$281$163$34
41 years$1,192$741$444$259$148$30
42 years$1,151$706$417$239$134$26
43 years$1,112$673$391$221$122$22
44 years$1,074$641$367$204$110$19
45 years$1,038$611$345$188$100$17
46 years$1,004$583$324$174$91$14
47 years$972$557$304$161$83$13
48 years$941$531$286$148$75$11
49 years$911$507$269$137$68$9
50 years$883$485$253$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $904,000, adding $5,154 every year, while hoping to spend $23,346 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: 64/13/23 Blend
69$904,000$904,000$904,000$904,000
70$1,001,524$953,612$939,600$1,059,325
71$1,078,840$975,499$946,237$1,120,809
72$1,163,259$997,676$952,314$1,184,879
73$1,255,482$1,020,133$957,786$1,254,350
74$1,356,279$1,042,858$962,610$1,329,752
75$1,466,499$1,065,837$966,737$1,411,670
76$1,587,075$1,089,056$970,116$1,500,750
77$1,719,036$1,112,500$972,695$1,597,702
78$1,863,515$1,136,149$974,417$1,703,310
79$2,021,759$1,159,986$975,225$1,818,435
80$2,195,140$1,183,987$975,057$1,944,031
81$2,385,173$1,208,130$973,849$2,081,144
82$2,593,521$1,232,389$971,534$2,230,931
83$2,822,020$1,256,737$968,041$2,394,664
84$3,072,691$1,281,142$963,295$2,573,747
85$3,347,760$1,305,572$957,220$2,769,728
86$3,649,678$1,329,991$949,733$2,984,310
87$3,981,145$1,354,361$940,749$3,219,374
88$4,345,137$1,378,639$930,179$3,476,991
89$4,744,930$1,402,782$917,929$3,759,443
90$5,184,134$1,426,740$903,901$4,069,246
91$5,666,727$1,450,461$887,993$4,409,175
92$6,197,090$1,473,890$870,098$4,782,285
93$6,780,049$1,496,967$850,102$5,191,947
94$7,420,921$1,519,626$827,887$5,641,874
95$8,125,566$1,541,798$803,332$6,136,160
96$8,900,437$1,563,410$776,308$6,679,315
97$9,752,647$1,584,381$746,679$7,276,313
98$10,690,029$1,604,628$714,304$7,932,634
99$11,721,216$1,624,059$679,038$8,654,320
100$12,855,720$1,642,578$640,726$9,448,030