Can I retire at age 70 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$75,395$74,723$74,068$73,428$72,804$70,843
2 years$37,324$36,629$35,955$35,302$34,669$32,707
3 years$24,636$23,937$23,265$22,618$21,995$20,094
4 years$18,293$17,597$16,931$16,295$15,687$13,861
5 years$14,488$13,796$13,139$12,516$11,925$10,180
6 years$11,952$11,265$10,619$10,009$9,436$7,773
7 years$10,141$9,461$8,824$8,229$7,674$6,093
8 years$8,784$8,110$7,484$6,903$6,366$4,866
9 years$7,729$7,061$6,446$5,880$5,361$3,941
10 years$6,886$6,224$5,619$5,069$4,568$3,226
11 years$6,196$5,541$4,947$4,411$3,929$2,663
12 years$5,621$4,973$4,391$3,869$3,405$2,213
13 years$5,136$4,494$3,923$3,416$2,969$1,848
14 years$4,720$4,085$3,525$3,032$2,602$1,550
15 years$4,360$3,732$3,182$2,704$2,291$1,305
16 years$4,045$3,424$2,885$2,421$2,025$1,102
17 years$3,767$3,153$2,625$2,176$1,796$933
18 years$3,521$2,914$2,397$1,961$1,597$791
19 years$3,301$2,700$2,194$1,772$1,423$672
20 years$3,103$2,509$2,014$1,605$1,271$572
21 years$2,924$2,337$1,852$1,456$1,138$487
22 years$2,762$2,182$1,707$1,324$1,020$415
23 years$2,614$2,041$1,576$1,206$915$354
24 years$2,478$1,912$1,458$1,100$823$302
25 years$2,354$1,794$1,350$1,004$740$258
26 years$2,239$1,686$1,252$918$667$221
27 years$2,133$1,587$1,163$841$601$189
28 years$2,035$1,495$1,081$770$542$162
29 years$1,944$1,411$1,006$706$490$138
30 years$1,858$1,332$937$648$443$119
31 years$1,779$1,259$873$595$400$102
32 years$1,705$1,192$815$547$362$87
33 years$1,635$1,129$761$503$328$74
34 years$1,570$1,070$711$463$297$64
35 years$1,508$1,015$665$426$269$55
36 years$1,450$963$622$392$243$47
37 years$1,395$915$582$362$221$40
38 years$1,344$869$545$333$200$34
39 years$1,295$826$511$307$181$30
40 years$1,248$786$479$283$164$25
41 years$1,204$749$449$262$149$22
42 years$1,162$713$421$241$135$19
43 years$1,123$679$395$223$123$16
44 years$1,085$647$371$206$112$14
45 years$1,049$617$348$190$101$12
46 years$1,014$589$327$175$92$10
47 years$981$562$307$162$83$9
48 years$950$537$289$150$76$7
49 years$920$512$271$138$69$6
50 years$891$489$255$128$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $913,000, adding $4,733 every year, while hoping to spend $54,527 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: 68/18/14 Blend
69$913,000$913,000$913,000$913,000
70$1,011,008$962,619$948,468$1,076,200
71$1,056,115$951,771$922,225$1,109,368
72$1,103,994$938,564$893,276$1,138,716
73$1,154,873$922,825$861,472$1,169,425
74$1,208,997$904,370$826,657$1,201,623
75$1,266,635$883,005$788,671$1,235,451
76$1,328,084$858,524$747,344$1,271,067
77$1,393,667$830,710$702,498$1,308,648
78$1,463,737$799,331$653,948$1,348,389
79$1,538,685$764,145$601,502$1,390,508
80$1,618,934$724,892$544,956$1,435,244
81$1,704,954$681,299$484,100$1,482,868
82$1,797,255$633,079$418,713$1,533,675
83$1,896,400$579,925$348,566$1,587,998
84$2,003,007$521,516$273,416$1,646,202
85$2,117,753$457,509$193,015$1,708,695
86$2,241,381$387,544$107,099$1,775,930
87$2,374,710$311,242$15,394$1,848,406
88$2,518,636$228,199$0$1,926,679
89$2,674,147$137,990$0$2,023,686
90$2,842,326$40,168$0$2,131,045
91$3,024,365$0$0$2,247,255
92$3,221,573$0$0$2,386,228
93$3,435,392$0$0$2,545,577
94$3,667,405$0$0$2,718,531
95$3,919,353$0$0$2,906,396
96$4,193,153$0$0$3,110,607
97$4,490,912$0$0$3,332,741
98$4,814,950$0$0$3,574,536
99$5,167,818$0$0$3,837,903
100$5,552,322$0$0$4,124,944