Can I retire at age 70 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$80,515$79,797$79,098$78,415$77,748$76,209
2 years$39,859$39,116$38,397$37,699$37,023$35,479
3 years$26,309$25,563$24,845$24,154$23,489$21,988
4 years$19,535$18,791$18,081$17,402$16,752$15,307
5 years$15,472$14,733$14,032$13,366$12,735$11,348
6 years$12,764$12,030$11,340$10,689$10,077$8,750
7 years$10,830$10,103$9,423$8,788$8,195$6,929
8 years$9,381$8,660$7,992$7,372$6,799$5,593
9 years$8,254$7,540$6,883$6,279$5,725$4,579
10 years$7,353$6,646$6,001$5,413$4,878$3,790
11 years$6,617$5,917$5,283$4,711$4,196$3,165
12 years$6,003$5,311$4,689$4,132$3,636$2,660
13 years$5,485$4,799$4,189$3,648$3,170$2,249
14 years$5,040$4,362$3,764$3,238$2,779$1,910
15 years$4,656$3,985$3,398$2,888$2,447$1,628
16 years$4,320$3,656$3,081$2,586$2,163$1,392
17 years$4,023$3,367$2,804$2,323$1,918$1,194
18 years$3,760$3,112$2,559$2,094$1,705$1,026
19 years$3,525$2,884$2,343$1,892$1,520$883
20 years$3,314$2,680$2,150$1,714$1,357$762
21 years$3,123$2,496$1,978$1,555$1,215$658
22 years$2,949$2,330$1,823$1,414$1,089$569
23 years$2,791$2,179$1,683$1,288$977$492
24 years$2,647$2,042$1,557$1,174$879$426
25 years$2,514$1,916$1,442$1,073$791$370
26 years$2,391$1,801$1,337$981$712$321
27 years$2,278$1,695$1,242$898$642$278
28 years$2,173$1,597$1,154$822$579$242
29 years$2,076$1,507$1,074$754$523$210
30 years$1,985$1,423$1,000$692$473$182
31 years$1,900$1,345$933$636$427$159
32 years$1,820$1,273$870$584$387$138
33 years$1,746$1,205$813$537$350$120
34 years$1,676$1,142$759$494$317$104
35 years$1,610$1,083$710$455$287$91
36 years$1,549$1,028$664$419$260$79
37 years$1,490$977$622$386$236$69
38 years$1,435$928$582$356$214$60
39 years$1,383$883$545$328$194$52
40 years$1,333$840$511$303$176$45
41 years$1,286$799$479$279$159$39
42 years$1,241$761$450$258$145$34
43 years$1,199$725$422$238$131$30
44 years$1,158$691$396$220$119$26
45 years$1,120$659$372$203$108$23
46 years$1,083$629$349$187$98$20
47 years$1,048$600$328$173$89$17
48 years$1,015$573$308$160$81$15
49 years$983$547$290$148$74$13
50 years$952$523$272$137$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $975,000, adding $2,650 every year, while hoping to spend $42,717 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: 57/15/28 Blend
69$975,000$975,000$975,000$975,000
70$1,077,183$1,025,508$1,010,396$1,130,170
71$1,141,606$1,030,308$998,794$1,171,641
72$1,211,167$1,033,911$985,371$1,212,125
73$1,286,347$1,036,213$970,022$1,255,380
74$1,367,672$1,037,105$952,635$1,301,686
75$1,455,721$1,036,470$933,095$1,351,357
76$1,551,130$1,034,182$911,279$1,404,735
77$1,654,599$1,030,111$887,061$1,462,204
78$1,766,898$1,024,116$860,307$1,524,187
79$1,888,872$1,016,048$830,877$1,591,151
80$2,021,452$1,005,750$798,627$1,663,615
81$2,165,663$993,054$763,404$1,742,151
82$2,322,631$977,785$725,049$1,827,393
83$2,493,596$959,753$683,394$1,920,043
84$2,679,923$938,760$638,268$2,020,875
85$2,883,112$914,596$589,487$2,130,748
86$3,104,816$887,039$536,861$2,250,610
87$3,346,854$855,850$480,193$2,381,509
88$3,611,229$820,783$419,275$2,524,603
89$3,900,144$781,571$353,891$2,681,173
90$4,216,027$737,936$283,814$2,852,633
91$4,561,548$689,581$208,809$3,040,549
92$4,939,651$636,196$128,628$3,246,647
93$5,353,574$577,448$43,016$3,472,836
94$5,806,885$512,989$0$3,721,224
95$6,303,512$442,450$0$4,008,584
96$6,847,781$365,441$0$4,337,697
97$7,444,456$281,549$0$4,698,626
98$8,098,786$190,341$0$5,094,597
99$8,816,550$91,355$0$5,529,168
100$9,604,114$0$0$6,006,262