Can I retire at age 70 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$77,211$76,524$75,853$75,198$74,558$73,323
2 years$38,223$37,512$36,822$36,153$35,504$34,263
3 years$25,229$24,514$23,826$23,163$22,525$21,317
4 years$18,733$18,021$17,339$16,688$16,065$14,900
5 years$14,837$14,128$13,456$12,818$12,212$11,093
6 years$12,240$11,537$10,874$10,251$9,663$8,590
7 years$10,386$9,689$9,037$8,428$7,859$6,833
8 years$8,996$8,305$7,664$7,070$6,520$5,541
9 years$7,915$7,231$6,601$6,022$5,491$4,558
10 years$7,051$6,374$5,755$5,191$4,678$3,792
11 years$6,345$5,674$5,066$4,518$4,023$3,182
12 years$5,757$5,093$4,496$3,963$3,487$2,689
13 years$5,260$4,602$4,017$3,498$3,040$2,285
14 years$4,834$4,183$3,609$3,105$2,665$1,951
15 years$4,465$3,822$3,259$2,769$2,347$1,672
16 years$4,142$3,506$2,955$2,480$2,074$1,438
17 years$3,858$3,229$2,689$2,228$1,839$1,240
18 years$3,606$2,984$2,454$2,008$1,635$1,072
19 years$3,380$2,765$2,247$1,814$1,457$929
20 years$3,178$2,570$2,062$1,643$1,302$806
21 years$2,995$2,394$1,897$1,491$1,165$700
22 years$2,828$2,234$1,748$1,356$1,044$609
23 years$2,677$2,090$1,614$1,235$937$530
24 years$2,538$1,958$1,493$1,126$842$462
25 years$2,411$1,837$1,383$1,029$758$403
26 years$2,293$1,727$1,282$941$683$352
27 years$2,185$1,625$1,191$861$616$307
28 years$2,084$1,531$1,107$789$556$269
29 years$1,990$1,445$1,030$723$502$235
30 years$1,903$1,364$959$664$453$206
31 years$1,822$1,290$894$610$410$180
32 years$1,746$1,220$835$560$371$157
33 years$1,674$1,156$779$515$335$138
34 years$1,607$1,095$728$474$304$121
35 years$1,544$1,039$681$436$275$106
36 years$1,485$986$637$402$249$93
37 years$1,429$937$596$370$226$81
38 years$1,376$890$558$341$205$71
39 years$1,326$846$523$315$186$62
40 years$1,278$805$490$290$168$55
41 years$1,233$767$460$268$153$48
42 years$1,190$730$431$247$139$42
43 years$1,150$696$405$228$126$37
44 years$1,111$663$380$211$114$32
45 years$1,074$632$357$195$104$28
46 years$1,039$603$335$180$94$25
47 years$1,005$576$315$166$86$22
48 years$973$549$296$153$78$19
49 years$942$525$278$142$71$17
50 years$913$501$261$131$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $935,000, adding $4,712 every year, while hoping to spend $37,376 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: 50/43/7 Blend
69$935,000$935,000$935,000$935,000
70$1,035,230$985,675$971,183$1,084,919
71$1,101,056$994,206$963,950$1,127,835
72$1,172,343$1,001,901$955,222$1,170,047
73$1,249,610$1,008,682$944,909$1,215,029
74$1,333,425$1,014,462$932,918$1,263,050
75$1,424,414$1,019,150$919,150$1,314,406
76$1,523,265$1,022,650$903,504$1,369,426
77$1,630,737$1,024,859$885,870$1,428,472
78$1,747,662$1,025,667$866,136$1,491,947
79$1,874,957$1,024,958$844,185$1,560,295
80$2,013,631$1,022,609$819,893$1,634,006
81$2,164,793$1,018,489$793,132$1,713,625
82$2,329,666$1,012,458$763,766$1,799,753
83$2,509,594$1,004,371$731,654$1,893,053
84$2,706,057$994,069$696,648$1,994,260
85$2,920,684$981,388$658,596$2,104,186
86$3,155,270$966,152$617,334$2,223,729
87$3,411,788$948,175$572,696$2,353,881
88$3,692,414$927,259$524,505$2,495,738
89$3,999,542$903,196$472,577$2,650,512
90$4,335,807$875,764$416,720$2,819,543
91$4,704,113$844,730$356,734$3,004,309
92$5,107,657$809,847$292,409$3,206,447
93$5,549,960$770,851$223,527$3,427,761
94$6,034,899$727,466$149,858$3,670,248
95$6,566,746$679,399$71,166$3,936,111
96$7,150,204$626,339$0$4,227,785
97$7,790,455$567,960$0$4,548,915
98$8,493,206$503,914$0$4,907,247
99$9,264,743$433,836$0$5,300,760
100$10,111,992$357,339$0$5,733,095