Can I retire at age 70 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$74,899$74,232$73,581$72,946$72,325$71,010
2 years$37,079$36,388$35,719$35,070$34,441$33,121
3 years$24,474$23,780$23,113$22,470$21,851$20,566
4 years$18,172$17,481$16,820$16,188$15,584$14,346
5 years$14,393$13,705$13,053$12,434$11,847$10,658
6 years$11,873$11,191$10,549$9,944$9,374$8,236
7 years$10,075$9,398$8,766$8,175$7,624$6,536
8 years$8,726$8,056$7,434$6,858$6,324$5,288
9 years$7,678$7,014$6,403$5,841$5,326$4,340
10 years$6,840$6,183$5,582$5,035$4,538$3,601
11 years$6,155$5,504$4,915$4,382$3,903$3,014
12 years$5,584$4,940$4,362$3,844$3,382$2,541
13 years$5,102$4,465$3,897$3,394$2,949$2,154
14 years$4,689$4,058$3,501$3,012$2,585$1,834
15 years$4,331$3,707$3,161$2,687$2,276$1,568
16 years$4,018$3,401$2,866$2,406$2,012$1,344
17 years$3,743$3,132$2,608$2,161$1,784$1,156
18 years$3,498$2,895$2,381$1,948$1,586$996
19 years$3,279$2,683$2,180$1,760$1,414$860
20 years$3,083$2,493$2,000$1,594$1,263$744
21 years$2,905$2,322$1,840$1,447$1,130$645
22 years$2,744$2,167$1,696$1,315$1,013$559
23 years$2,597$2,027$1,566$1,198$909$485
24 years$2,462$1,899$1,448$1,093$817$422
25 years$2,338$1,782$1,341$998$735$367
26 years$2,224$1,675$1,244$912$662$319
27 years$2,119$1,577$1,155$835$597$278
28 years$2,022$1,486$1,074$765$539$242
29 years$1,931$1,401$999$702$487$211
30 years$1,846$1,324$931$644$440$184
31 years$1,767$1,251$868$591$398$160
32 years$1,694$1,184$810$544$360$140
33 years$1,624$1,121$756$500$325$122
34 years$1,559$1,063$706$460$295$107
35 years$1,498$1,008$660$423$267$93
36 years$1,441$957$618$390$242$81
37 years$1,386$909$578$359$219$71
38 years$1,335$863$541$331$199$62
39 years$1,286$821$507$305$180$54
40 years$1,240$781$475$282$163$47
41 years$1,196$744$446$260$148$41
42 years$1,155$708$418$240$135$36
43 years$1,115$675$392$221$122$32
44 years$1,078$643$368$204$111$28
45 years$1,042$613$346$189$101$24
46 years$1,008$585$325$174$91$21
47 years$975$558$305$161$83$18
48 years$944$533$287$149$75$16
49 years$914$509$270$138$68$14
50 years$886$486$253$127$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $907,000, adding $4,522 every year, while hoping to spend $54,914 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: 62/9/29 Blend
69$907,000$907,000$907,000$907,000
70$1,004,178$956,107$942,049$1,058,346
71$1,048,177$944,529$915,180$1,084,142
72$1,094,822$930,542$885,569$1,105,960
73$1,144,327$913,972$853,069$1,128,625
74$1,196,923$894,631$817,522$1,152,232
75$1,252,864$872,323$778,763$1,176,887
76$1,312,427$846,838$736,623$1,202,708
77$1,375,917$817,955$690,922$1,229,829
78$1,443,665$785,439$641,473$1,258,399
79$1,516,038$749,044$588,081$1,288,585
80$1,593,433$708,507$530,541$1,320,574
81$1,676,290$663,550$468,641$1,354,576
82$1,765,088$613,881$402,157$1,390,826
83$1,860,355$559,189$330,857$1,429,583
84$1,962,669$499,147$254,498$1,471,140
85$2,072,664$433,409$172,827$1,515,822
86$2,191,038$361,608$85,579$1,563,992
87$2,318,555$283,358$0$1,616,052
88$2,456,056$198,251$0$1,674,782
89$2,604,464$105,856$0$1,766,764
90$2,764,793$5,716$0$1,866,138
91$2,938,158$0$0$1,973,619
92$3,125,784$0$0$2,100,162
93$3,329,017$0$0$2,237,901
94$3,549,339$0$0$2,387,281
95$3,788,378$0$0$2,549,412
96$4,047,925$0$0$2,725,517
97$4,329,949$0$0$2,916,941
98$4,636,617$0$0$3,125,164
99$4,970,313$0$0$3,351,811
100$5,333,660$0$0$3,598,675