Can I retire at age 70 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$79,028$78,324$77,637$76,967$76,313$74,680
2 years$39,123$38,394$37,688$37,003$36,339$34,703
3 years$25,823$25,091$24,387$23,708$23,055$21,465
4 years$19,174$18,445$17,747$17,081$16,443$14,912
5 years$15,186$14,461$13,773$13,120$12,500$11,032
6 years$12,528$11,808$11,130$10,492$9,891$8,488
7 years$10,630$9,917$9,249$8,626$8,044$6,707
8 years$9,208$8,500$7,844$7,236$6,673$5,401
9 years$8,102$7,401$6,756$6,164$5,620$4,411
10 years$7,217$6,524$5,890$5,313$4,788$3,642
11 years$6,494$5,808$5,186$4,624$4,118$3,033
12 years$5,892$5,213$4,602$4,056$3,569$2,543
13 years$5,383$4,711$4,112$3,581$3,112$2,144
14 years$4,947$4,282$3,694$3,178$2,728$1,816
15 years$4,570$3,912$3,336$2,835$2,402$1,544
16 years$4,240$3,589$3,024$2,538$2,123$1,317
17 years$3,949$3,305$2,752$2,280$1,882$1,126
18 years$3,691$3,054$2,512$2,055$1,674$965
19 years$3,460$2,831$2,300$1,857$1,492$828
20 years$3,253$2,630$2,111$1,682$1,332$712
21 years$3,065$2,450$1,941$1,526$1,192$613
22 years$2,895$2,287$1,789$1,388$1,069$528
23 years$2,740$2,139$1,652$1,264$959$456
24 years$2,598$2,004$1,528$1,153$862$394
25 years$2,467$1,881$1,415$1,053$776$340
26 years$2,347$1,768$1,312$963$699$294
27 years$2,236$1,663$1,219$881$630$254
28 years$2,133$1,568$1,133$807$569$220
29 years$2,037$1,479$1,054$740$513$191
30 years$1,948$1,397$982$679$464$165
31 years$1,865$1,320$916$624$419$143
32 years$1,787$1,249$854$573$379$124
33 years$1,714$1,183$798$527$343$107
34 years$1,645$1,121$745$485$311$93
35 years$1,581$1,063$697$447$282$81
36 years$1,520$1,009$652$411$255$70
37 years$1,463$959$610$379$231$61
38 years$1,408$911$571$349$210$53
39 years$1,357$866$535$322$190$46
40 years$1,308$824$502$297$172$40
41 years$1,262$785$470$274$156$34
42 years$1,218$747$441$253$142$30
43 years$1,177$712$414$234$129$26
44 years$1,137$679$389$216$117$22
45 years$1,099$647$365$199$106$20
46 years$1,063$617$343$184$96$17
47 years$1,029$589$322$170$88$15
48 years$996$562$303$157$79$13
49 years$964$537$284$145$72$11
50 years$934$513$267$134$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $957,000, adding $5,175 every year, while hoping to spend $41,737 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: 42/40/18 Blend
69$957,000$957,000$957,000$957,000
70$1,059,952$1,009,231$994,398$1,098,684
71$1,123,659$1,014,275$983,302$1,131,629
72$1,192,466$1,018,168$970,436$1,162,811
73$1,266,848$1,020,809$955,696$1,195,703
74$1,347,328$1,022,091$938,974$1,230,481
75$1,434,483$1,021,900$920,156$1,267,344
76$1,528,943$1,020,116$899,125$1,306,511
77$1,631,405$1,016,611$875,755$1,348,229
78$1,742,633$1,011,250$849,917$1,392,769
79$1,863,468$1,003,888$821,476$1,440,435
80$1,994,836$994,373$790,290$1,491,566
81$2,137,754$982,542$756,209$1,546,536
82$2,293,342$968,223$719,080$1,605,764
83$2,462,832$951,236$678,738$1,669,713
84$2,647,581$931,387$635,016$1,738,899
85$2,849,081$908,471$587,736$1,813,894
86$3,068,975$882,274$536,712$1,895,333
87$3,309,070$852,565$481,752$1,983,921
88$3,571,357$819,102$422,653$2,080,440
89$3,858,028$781,631$359,204$2,185,758
90$4,171,494$739,878$291,184$2,300,837
91$4,514,412$693,558$218,365$2,426,744
92$4,889,707$642,367$140,505$2,564,659
93$5,300,599$585,984$57,353$2,715,893
94$5,750,634$524,072$0$2,881,897
95$6,243,718$456,271$0$3,070,304
96$6,784,152$382,203$0$3,289,014
97$7,376,673$301,468$0$3,529,023
98$8,026,498$213,645$0$3,792,569
99$8,739,374$118,286$0$4,082,123
100$9,521,629$14,921$0$4,400,418