Can I retire at age 70 with 945,000?

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 $945,000?

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$78,037$77,342$76,664$76,002$75,356$74,107
2 years$38,632$37,913$37,215$36,539$35,884$34,630
3 years$25,499$24,776$24,081$23,411$22,766$21,545
4 years$18,934$18,213$17,525$16,866$16,237$15,059
5 years$14,996$14,279$13,600$12,955$12,343$11,211
6 years$12,371$11,660$10,991$10,360$9,767$8,682
7 years$10,497$9,792$9,133$8,518$7,943$6,906
8 years$9,092$8,394$7,746$7,145$6,589$5,600
9 years$8,000$7,308$6,671$6,086$5,549$4,607
10 years$7,127$6,442$5,816$5,246$4,728$3,832
11 years$6,413$5,735$5,121$4,566$4,066$3,216
12 years$5,818$5,147$4,544$4,005$3,524$2,717
13 years$5,316$4,652$4,060$3,536$3,073$2,309
14 years$4,885$4,228$3,648$3,139$2,694$1,972
15 years$4,513$3,863$3,294$2,799$2,372$1,690
16 years$4,187$3,544$2,986$2,506$2,096$1,454
17 years$3,900$3,264$2,717$2,252$1,859$1,254
18 years$3,645$3,016$2,481$2,029$1,653$1,084
19 years$3,417$2,795$2,271$1,834$1,473$938
20 years$3,212$2,597$2,084$1,661$1,316$814
21 years$3,027$2,419$1,917$1,507$1,177$707
22 years$2,859$2,258$1,767$1,370$1,055$615
23 years$2,705$2,112$1,631$1,248$947$536
24 years$2,565$1,979$1,509$1,138$852$467
25 years$2,436$1,857$1,397$1,040$766$407
26 years$2,318$1,745$1,296$951$690$356
27 years$2,208$1,643$1,203$870$622$311
28 years$2,106$1,548$1,119$797$561$272
29 years$2,012$1,460$1,041$731$507$237
30 years$1,924$1,379$970$671$458$208
31 years$1,841$1,304$904$616$414$182
32 years$1,764$1,233$843$566$375$159
33 years$1,692$1,168$788$521$339$139
34 years$1,625$1,107$736$479$307$122
35 years$1,561$1,050$688$441$278$107
36 years$1,501$997$644$406$252$94
37 years$1,444$947$602$374$228$82
38 years$1,391$900$564$345$207$72
39 years$1,340$855$529$318$188$63
40 years$1,292$814$495$293$170$55
41 years$1,246$775$464$271$154$48
42 years$1,203$738$436$250$140$42
43 years$1,162$703$409$231$127$37
44 years$1,123$670$384$213$115$33
45 years$1,085$639$360$197$105$29
46 years$1,050$610$338$182$95$25
47 years$1,016$582$318$168$86$22
48 years$983$555$299$155$78$19
49 years$952$530$281$143$71$17
50 years$923$507$264$132$65$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $945,000, adding $2,782 every year, while hoping to spend $31,666 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: 22/49/29 Blend
69$945,000$945,000$945,000$945,000
70$1,044,260$994,175$979,527$1,057,604
71$1,117,082$1,009,197$978,649$1,084,771
72$1,196,270$1,023,894$976,680$1,110,993
73$1,282,442$1,038,216$973,550$1,138,370
74$1,376,273$1,052,111$969,187$1,167,016
75$1,478,510$1,065,522$963,512$1,197,060
76$1,589,974$1,078,389$956,446$1,228,647
77$1,711,569$1,090,646$947,903$1,261,936
78$1,844,287$1,102,227$937,796$1,297,107
79$1,989,224$1,113,055$926,032$1,334,360
80$2,147,584$1,123,055$912,514$1,373,917
81$2,320,694$1,132,141$897,140$1,416,027
82$2,510,014$1,140,225$879,803$1,460,967
83$2,717,152$1,147,212$860,393$1,509,043
84$2,943,879$1,153,002$838,793$1,560,600
85$3,192,142$1,157,488$814,881$1,616,017
86$3,464,091$1,160,555$788,529$1,675,718
87$3,762,088$1,162,082$759,605$1,740,176
88$4,088,738$1,161,941$727,968$1,809,912
89$4,446,908$1,159,994$693,474$1,885,509
90$4,839,756$1,156,098$655,969$1,967,612
91$5,270,762$1,150,098$615,295$2,056,937
92$5,743,757$1,141,830$571,284$2,154,280
93$6,262,962$1,131,121$523,764$2,260,524
94$6,833,026$1,117,788$472,552$2,376,646
95$7,459,071$1,101,635$417,458$2,503,731
96$8,146,738$1,082,457$358,285$2,642,981
97$8,902,242$1,060,035$294,825$2,795,730
98$9,732,432$1,034,137$226,862$2,963,453
99$10,644,848$1,004,518$154,170$3,147,786
100$11,647,802$970,919$76,514$3,350,539