Can I retire at age 70 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$76,138$75,460$74,798$74,152$73,522$71,744
2 years$37,692$36,990$36,310$35,650$35,010$33,230
3 years$24,878$24,173$23,495$22,841$22,212$20,485
4 years$18,473$17,770$17,098$16,456$15,842$14,181
5 years$14,631$13,932$13,269$12,640$12,043$10,453
6 years$12,070$11,376$10,723$10,108$9,529$8,012
7 years$10,241$9,554$8,911$8,310$7,750$6,305
8 years$8,871$8,189$7,557$6,971$6,429$5,057
9 years$7,805$7,130$6,509$5,938$5,414$4,113
10 years$6,953$6,285$5,675$5,119$4,613$3,381
11 years$6,257$5,595$4,996$4,455$3,967$2,804
12 years$5,677$5,022$4,434$3,907$3,438$2,340
13 years$5,186$4,538$3,961$3,450$2,998$1,964
14 years$4,766$4,125$3,559$3,062$2,628$1,655
15 years$4,403$3,769$3,214$2,731$2,314$1,400
16 years$4,085$3,458$2,914$2,445$2,045$1,188
17 years$3,805$3,184$2,651$2,197$1,813$1,011
18 years$3,556$2,942$2,420$1,980$1,612$862
19 years$3,333$2,727$2,216$1,789$1,437$736
20 years$3,134$2,534$2,033$1,620$1,284$629
21 years$2,953$2,360$1,870$1,471$1,149$539
22 years$2,789$2,203$1,724$1,337$1,030$462
23 years$2,640$2,061$1,592$1,218$924$396
24 years$2,503$1,931$1,472$1,111$831$340
25 years$2,377$1,812$1,363$1,014$748$292
26 years$2,261$1,703$1,264$927$673$251
27 years$2,154$1,603$1,174$849$607$216
28 years$2,055$1,510$1,091$778$548$186
29 years$1,963$1,425$1,016$713$495$160
30 years$1,877$1,345$946$655$447$138
31 years$1,797$1,272$882$601$404$119
32 years$1,722$1,203$823$552$366$102
33 years$1,651$1,140$768$508$331$88
34 years$1,585$1,080$718$467$300$76
35 years$1,523$1,025$671$430$271$66
36 years$1,464$972$628$396$246$57
37 years$1,409$924$588$365$223$49
38 years$1,357$878$550$337$202$42
39 years$1,307$835$516$310$183$36
40 years$1,261$794$483$286$166$31
41 years$1,216$756$453$264$151$27
42 years$1,174$720$425$244$137$23
43 years$1,134$686$399$225$124$20
44 years$1,095$654$374$208$113$17
45 years$1,059$623$352$192$102$15
46 years$1,024$595$330$177$93$13
47 years$991$568$310$164$84$11
48 years$959$542$292$151$77$10
49 years$929$517$274$140$70$8
50 years$900$494$258$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $922,000, adding $6,755 every year, while hoping to spend $38,455 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: 33/46/21 Blend
69$922,000$922,000$922,000$922,000
70$1,023,012$974,146$959,855$1,049,974
71$1,086,443$980,963$951,094$1,077,458
72$1,155,056$986,826$940,751$1,103,075
73$1,229,337$991,646$928,732$1,129,890
74$1,309,824$995,331$914,939$1,158,031
75$1,397,106$997,782$899,270$1,187,644
76$1,491,832$998,895$881,616$1,218,889
77$1,594,715$998,556$861,866$1,251,949
78$1,706,539$996,649$839,902$1,287,026
79$1,828,168$993,047$815,601$1,324,347
80$1,960,552$987,617$788,834$1,364,164
81$2,104,735$980,217$759,466$1,406,760
82$2,261,867$970,696$727,358$1,452,451
83$2,433,213$958,896$692,360$1,501,588
84$2,620,167$944,649$654,321$1,554,563
85$2,824,262$927,774$613,078$1,611,812
86$3,047,184$908,082$568,463$1,673,821
87$3,290,792$885,374$520,302$1,741,131
88$3,557,131$859,435$468,411$1,814,343
89$3,848,454$830,043$412,597$1,894,127
90$4,167,238$796,957$352,662$1,981,226
91$4,516,216$759,927$288,395$2,076,465
92$4,898,392$718,686$219,579$2,180,763
93$5,317,079$672,952$145,985$2,295,138
94$5,775,921$622,427$67,376$2,420,721
95$6,278,935$566,796$0$2,558,766
96$6,830,544$505,727$0$2,714,365
97$7,435,618$438,866$0$2,901,713
98$8,099,523$365,842$0$3,107,468
99$8,828,169$286,263$0$3,333,589
100$9,628,065$199,713$0$3,582,243