Can I retire at age 70 with 925,000?

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 $925,000?

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$76,386$75,705$75,041$74,393$73,761$72,659
2 years$37,815$37,110$36,428$35,766$35,124$34,016
3 years$24,959$24,252$23,571$22,916$22,284$21,205
4 years$18,533$17,828$17,154$16,509$15,893$14,851
5 years$14,678$13,977$13,312$12,681$12,082$11,080
6 years$12,109$11,413$10,758$10,141$9,560$8,599
7 years$10,275$9,585$8,940$8,337$7,775$6,855
8 years$8,900$8,216$7,582$6,994$6,450$5,572
9 years$7,831$7,154$6,530$5,957$5,432$4,595
10 years$6,976$6,306$5,693$5,135$4,628$3,831
11 years$6,277$5,613$5,012$4,469$3,980$3,223
12 years$5,695$5,038$4,448$3,920$3,449$2,731
13 years$5,203$4,553$3,974$3,461$3,008$2,327
14 years$4,782$4,139$3,571$3,072$2,637$1,992
15 years$4,417$3,781$3,224$2,740$2,322$1,712
16 years$4,098$3,469$2,923$2,453$2,052$1,477
17 years$3,817$3,195$2,660$2,204$1,819$1,277
18 years$3,567$2,952$2,428$1,986$1,618$1,107
19 years$3,344$2,736$2,223$1,795$1,442$962
20 years$3,144$2,542$2,040$1,626$1,288$837
21 years$2,963$2,368$1,876$1,475$1,152$729
22 years$2,798$2,211$1,729$1,341$1,033$636
23 years$2,648$2,067$1,597$1,222$927$556
24 years$2,511$1,937$1,477$1,114$833$486
25 years$2,385$1,818$1,368$1,018$750$425
26 years$2,269$1,708$1,269$930$676$372
27 years$2,161$1,608$1,178$852$609$326
28 years$2,062$1,515$1,095$780$550$286
29 years$1,969$1,429$1,019$716$496$251
30 years$1,883$1,350$949$657$448$220
31 years$1,802$1,276$885$603$405$193
32 years$1,727$1,207$826$554$367$170
33 years$1,657$1,143$771$510$332$149
34 years$1,590$1,084$720$469$300$131
35 years$1,528$1,028$673$432$272$115
36 years$1,469$976$630$398$247$101
37 years$1,414$927$590$366$223$89
38 years$1,361$881$552$338$203$78
39 years$1,312$837$517$311$184$69
40 years$1,265$797$485$287$167$61
41 years$1,220$758$455$265$151$53
42 years$1,178$722$426$245$137$47
43 years$1,137$688$400$226$125$41
44 years$1,099$656$376$208$113$36
45 years$1,062$626$353$192$103$32
46 years$1,028$597$331$178$93$28
47 years$994$569$311$164$85$25
48 years$963$544$292$152$77$22
49 years$932$519$275$140$70$19
50 years$903$496$258$130$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $925,000, adding $4,219 every year, while hoping to spend $57,739 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: 67/23/10 Blend
69$925,000$925,000$925,000$925,000
70$1,023,702$974,677$960,339$1,089,890
71$1,066,686$961,002$931,077$1,120,761
72$1,112,119$944,722$898,899$1,147,213
73$1,160,190$925,649$863,647$1,174,626
74$1,211,105$903,581$825,155$1,203,087
75$1,265,089$878,309$783,250$1,232,694
76$1,322,390$849,607$737,750$1,263,556
77$1,383,275$817,239$688,466$1,295,794
78$1,448,040$780,954$635,200$1,329,547
79$1,517,006$740,487$577,745$1,364,965
80$1,590,526$695,557$515,886$1,402,221
81$1,668,988$645,867$449,396$1,441,504
82$1,752,813$591,104$378,039$1,483,027
83$1,842,467$530,935$301,571$1,527,028
84$1,938,458$465,010$219,733$1,573,771
85$2,041,344$392,959$132,257$1,623,552
86$2,151,737$314,390$38,863$1,676,698
87$2,270,309$228,889$0$1,733,577
88$2,397,796$136,020$0$1,801,084
89$2,535,009$35,323$0$1,878,031
90$2,682,835$0$0$1,960,807
91$2,842,251$0$0$2,068,657
92$3,014,329$0$0$2,194,768
93$3,200,247$0$0$2,331,067
94$3,401,300$0$0$2,478,511
95$3,618,912$0$0$2,638,149
96$3,854,646$0$0$2,811,135
97$4,110,223$0$0$2,998,739
98$4,387,535$0$0$3,202,355
99$4,688,662$0$0$3,423,519
100$5,015,892$0$0$3,663,920