Can I retire at age 70 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$80,267$79,552$78,854$78,173$77,509$76,445
2 years$39,736$38,996$38,279$37,583$36,909$35,839
3 years$26,228$25,484$24,769$24,080$23,417$22,374
4 years$19,475$18,734$18,025$17,348$16,701$15,694
5 years$15,424$14,687$13,988$13,325$12,696$11,727
6 years$12,724$11,993$11,305$10,656$10,046$9,116
7 years$10,797$10,072$9,394$8,761$8,170$7,280
8 years$9,352$8,634$7,967$7,349$6,778$5,927
9 years$8,229$7,517$6,862$6,260$5,708$4,896
10 years$7,330$6,626$5,983$5,396$4,863$4,090
11 years$6,596$5,899$5,267$4,696$4,183$3,447
12 years$5,985$5,294$4,674$4,119$3,625$2,926
13 years$5,468$4,785$4,176$3,637$3,161$2,498
14 years$5,025$4,349$3,752$3,228$2,771$2,143
15 years$4,641$3,973$3,388$2,879$2,439$1,846
16 years$4,306$3,645$3,072$2,578$2,156$1,595
17 years$4,011$3,357$2,795$2,316$1,912$1,382
18 years$3,749$3,102$2,551$2,087$1,700$1,201
19 years$3,514$2,875$2,336$1,886$1,515$1,046
20 years$3,304$2,671$2,144$1,708$1,353$912
21 years$3,113$2,488$1,972$1,550$1,211$796
22 years$2,940$2,323$1,817$1,410$1,086$696
23 years$2,783$2,172$1,678$1,284$974$610
24 years$2,638$2,035$1,552$1,171$876$534
25 years$2,506$1,910$1,437$1,069$788$469
26 years$2,384$1,795$1,333$978$710$412
27 years$2,271$1,690$1,238$895$640$362
28 years$2,166$1,592$1,151$820$578$318
29 years$2,069$1,502$1,071$752$521$279
30 years$1,979$1,418$997$690$471$246
31 years$1,894$1,341$930$634$426$216
32 years$1,815$1,269$868$582$385$191
33 years$1,741$1,202$810$536$349$168
34 years$1,671$1,139$757$493$316$148
35 years$1,606$1,080$708$454$286$130
36 years$1,544$1,025$662$418$259$115
37 years$1,485$974$620$385$235$101
38 years$1,430$925$580$355$213$89
39 years$1,378$880$544$327$193$79
40 years$1,329$837$510$302$175$69
41 years$1,282$797$478$278$159$61
42 years$1,237$759$448$257$144$54
43 years$1,195$723$421$237$131$48
44 years$1,155$689$395$219$119$42
45 years$1,116$657$371$202$108$37
46 years$1,080$627$348$187$98$33
47 years$1,045$598$327$173$89$29
48 years$1,012$571$307$159$81$25
49 years$980$545$289$147$73$22
50 years$949$521$272$136$67$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $972,000, adding $2,509 every year, while hoping to spend $22,688 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: 60/13/27 Blend
69$972,000$972,000$972,000$972,000
70$1,073,732$1,022,216$1,007,150$1,130,193
71$1,159,113$1,048,165$1,016,750$1,194,912
72$1,252,442$1,074,625$1,025,911$1,262,844
73$1,354,507$1,101,597$1,034,594$1,336,491
74$1,466,173$1,129,081$1,042,759$1,416,413
75$1,588,394$1,157,078$1,050,363$1,503,229
76$1,722,221$1,185,586$1,057,361$1,597,622
77$1,868,811$1,214,602$1,063,706$1,700,342
78$2,029,436$1,244,125$1,069,347$1,812,218
79$2,205,501$1,274,149$1,074,233$1,934,163
80$2,398,550$1,304,670$1,078,307$2,067,180
81$2,610,284$1,335,682$1,081,513$2,212,380
82$2,842,579$1,367,176$1,083,789$2,370,982
83$3,097,498$1,399,143$1,085,072$2,544,334
84$3,377,316$1,431,574$1,085,295$2,733,919
85$3,684,537$1,464,456$1,084,387$2,941,371
86$4,021,920$1,497,775$1,082,275$3,168,494
87$4,392,506$1,531,516$1,078,881$3,417,272
88$4,799,643$1,565,661$1,074,125$3,689,896
89$5,247,019$1,600,192$1,067,921$3,988,777
90$5,738,699$1,635,085$1,060,180$4,316,576
91$6,279,160$1,670,317$1,050,809$4,676,223
92$6,873,333$1,705,862$1,039,710$5,070,950
93$7,526,654$1,741,690$1,026,781$5,504,315
94$8,245,109$1,777,769$1,011,915$5,980,244
95$9,035,294$1,814,064$994,998$6,503,063
96$9,904,478$1,850,537$975,915$7,077,539
97$10,860,668$1,887,146$954,541$7,708,926
98$11,912,685$1,923,846$930,747$8,403,016
99$13,070,252$1,960,587$904,400$9,166,192
100$14,344,078$1,997,317$875,358$10,005,489