Can I retire at age 70 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$76,964$76,278$75,609$74,956$74,319$72,789
2 years$38,101$37,391$36,704$36,037$35,390$33,855
3 years$25,148$24,436$23,750$23,089$22,453$20,961
4 years$18,673$17,963$17,284$16,634$16,014$14,577
5 years$14,789$14,083$13,413$12,777$12,173$10,796
6 years$12,201$11,500$10,840$10,218$9,632$8,315
7 years$10,353$9,658$9,008$8,401$7,834$6,577
8 years$8,967$8,278$7,639$7,047$6,499$5,303
9 years$7,890$7,208$6,580$6,002$5,473$4,336
10 years$7,029$6,353$5,736$5,174$4,663$3,585
11 years$6,325$5,656$5,050$4,503$4,010$2,989
12 years$5,738$5,076$4,482$3,950$3,475$2,510
13 years$5,243$4,588$4,004$3,487$3,031$2,119
14 years$4,818$4,170$3,598$3,095$2,657$1,797
15 years$4,450$3,809$3,248$2,761$2,339$1,530
16 years$4,129$3,495$2,945$2,472$2,067$1,306
17 years$3,846$3,219$2,680$2,221$1,833$1,119
18 years$3,594$2,974$2,446$2,001$1,630$960
19 years$3,370$2,757$2,240$1,809$1,453$825
20 years$3,168$2,562$2,055$1,638$1,298$711
21 years$2,985$2,386$1,891$1,487$1,161$613
22 years$2,819$2,227$1,742$1,352$1,041$529
23 years$2,668$2,083$1,609$1,231$934$457
24 years$2,530$1,952$1,488$1,123$840$395
25 years$2,403$1,832$1,378$1,025$756$342
26 years$2,286$1,721$1,278$937$681$296
27 years$2,178$1,620$1,187$858$614$257
28 years$2,077$1,527$1,103$786$554$223
29 years$1,984$1,440$1,027$721$500$193
30 years$1,897$1,360$956$662$452$167
31 years$1,816$1,286$892$608$408$145
32 years$1,740$1,217$832$558$369$126
33 years$1,669$1,152$777$514$334$110
34 years$1,602$1,092$726$473$303$95
35 years$1,539$1,036$679$435$274$83
36 years$1,480$983$635$401$248$72
37 years$1,424$934$594$369$225$62
38 years$1,372$887$556$340$204$54
39 years$1,322$844$521$314$185$47
40 years$1,274$803$489$289$168$41
41 years$1,229$764$458$267$152$36
42 years$1,187$728$430$246$138$31
43 years$1,146$693$403$227$125$27
44 years$1,107$661$379$210$114$23
45 years$1,071$630$355$194$103$20
46 years$1,035$601$334$179$94$18
47 years$1,002$574$314$166$85$15
48 years$970$548$295$153$77$13
49 years$939$523$277$141$70$12
50 years$910$500$260$131$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $932,000, adding $2,617 every year, while hoping to spend $38,848 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: 62/20/18 Blend
69$932,000$932,000$932,000$932,000
70$1,029,763$980,367$965,921$1,088,734
71$1,093,465$987,071$956,946$1,135,476
72$1,162,363$992,802$946,368$1,181,887
73$1,236,945$997,470$934,092$1,231,646
74$1,317,749$1,000,982$920,020$1,285,083
75$1,405,366$1,003,237$904,047$1,342,561
76$1,500,446$1,004,128$886,065$1,404,482
77$1,603,704$1,003,542$865,961$1,471,289
78$1,715,925$1,001,360$843,614$1,543,472
79$1,837,976$997,453$818,901$1,621,573
80$1,970,807$991,686$791,692$1,706,189
81$2,115,466$983,914$761,850$1,797,980
82$2,273,104$973,987$729,233$1,897,674
83$2,444,990$961,742$693,692$2,006,078
84$2,632,519$947,008$655,071$2,124,079
85$2,837,228$929,603$613,207$2,252,659
86$3,060,807$909,335$567,932$2,392,901
87$3,305,118$886,001$519,066$2,546,002
88$3,572,210$859,385$466,425$2,713,282
89$3,864,340$829,259$409,814$2,896,199
90$4,183,991$795,382$349,032$3,096,363
91$4,533,899$757,497$283,866$3,315,549
92$4,917,078$715,335$214,096$3,555,718
93$5,336,843$668,609$139,491$3,819,034
94$5,796,848$617,018$59,811$4,107,885
95$6,301,117$560,242$0$4,424,907
96$6,854,080$497,944$0$4,777,850
97$7,460,618$429,765$0$5,177,655
98$8,126,107$355,329$0$5,616,415
99$8,856,468$274,238$0$6,098,092
100$9,658,222$186,071$0$6,627,054