Can I retire at age 70 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$80,680$79,961$79,260$78,576$77,907$77,546
2 years$39,940$39,197$38,476$37,777$37,099$36,734
3 years$26,362$25,615$24,896$24,204$23,537$23,181
4 years$19,575$18,830$18,118$17,438$16,787$16,441
5 years$15,503$14,763$14,060$13,394$12,761$12,427
6 years$12,790$12,055$11,363$10,711$10,097$9,775
7 years$10,852$10,124$9,443$8,806$8,212$7,902
8 years$9,400$8,678$8,008$7,387$6,813$6,515
9 years$8,271$7,556$6,897$6,292$5,737$5,452
10 years$7,368$6,660$6,013$5,424$4,888$4,615
11 years$6,630$5,929$5,294$4,721$4,204$3,943
12 years$6,015$5,322$4,698$4,141$3,643$3,394
13 years$5,496$4,809$4,198$3,655$3,177$2,939
14 years$5,051$4,371$3,772$3,245$2,785$2,558
15 years$4,665$3,993$3,405$2,894$2,452$2,236
16 years$4,328$3,664$3,087$2,591$2,167$1,962
17 years$4,032$3,374$2,809$2,328$1,922$1,726
18 years$3,768$3,118$2,565$2,098$1,709$1,523
19 years$3,532$2,890$2,348$1,896$1,523$1,347
20 years$3,321$2,685$2,155$1,717$1,360$1,194
21 years$3,129$2,501$1,982$1,558$1,217$1,060
22 years$2,955$2,335$1,827$1,417$1,091$943
23 years$2,797$2,184$1,687$1,290$979$839
24 years$2,652$2,046$1,560$1,177$880$748
25 years$2,519$1,920$1,445$1,075$792$668
26 years$2,396$1,805$1,340$983$714$596
27 years$2,283$1,698$1,244$900$643$533
28 years$2,178$1,600$1,157$824$580$477
29 years$2,080$1,510$1,076$756$524$427
30 years$1,989$1,426$1,003$694$474$382
31 years$1,904$1,348$935$637$428$343
32 years$1,824$1,275$872$585$387$307
33 years$1,750$1,208$814$538$351$275
34 years$1,680$1,145$761$495$317$247
35 years$1,614$1,086$711$456$287$222
36 years$1,552$1,030$665$420$260$199
37 years$1,493$979$623$387$236$179
38 years$1,438$930$583$357$214$161
39 years$1,385$884$546$329$194$144
40 years$1,336$841$512$303$176$130
41 years$1,289$801$480$280$160$117
42 years$1,244$763$450$258$145$105
43 years$1,201$727$423$238$132$94
44 years$1,161$693$397$220$119$85
45 years$1,122$661$373$203$108$76
46 years$1,085$630$350$188$98$68
47 years$1,050$601$329$173$89$62
48 years$1,017$574$309$160$81$55
49 years$985$548$290$148$74$50
50 years$954$524$273$137$67$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $977,000, adding $3,495 every year, while hoping to spend $34,932 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: 59/34/7 Blend
69$977,000$977,000$977,000$977,000
70$1,080,259$1,028,478$1,013,335$1,142,204
71$1,153,278$1,041,706$1,010,114$1,197,393
72$1,232,574$1,054,412$1,005,615$1,253,249
73$1,318,751$1,066,532$999,757$1,313,274
74$1,412,472$1,078,001$992,457$1,377,870
75$1,514,468$1,088,746$983,628$1,447,481
76$1,625,542$1,098,693$973,178$1,522,596
77$1,746,578$1,107,760$961,010$1,603,753
78$1,878,550$1,115,861$947,025$1,691,548
79$2,022,528$1,122,904$931,116$1,786,636
80$2,179,692$1,128,792$913,174$1,889,741
81$2,351,338$1,133,421$893,084$2,001,662
82$2,538,896$1,136,680$870,724$2,123,280
83$2,743,938$1,138,452$845,967$2,255,566
84$2,968,196$1,138,612$818,683$2,399,591
85$3,213,576$1,137,028$788,733$2,556,539
86$3,482,177$1,133,559$755,972$2,727,714
87$3,776,312$1,128,056$720,250$2,914,555
88$4,098,525$1,120,360$681,407$3,118,649
89$4,451,620$1,110,303$639,280$3,341,747
90$4,838,685$1,097,707$593,696$3,585,781
91$5,263,119$1,082,384$544,473$3,852,881
92$5,728,670$1,064,133$491,425$4,145,397
93$6,239,461$1,042,742$434,355$4,465,923
94$6,800,036$1,017,987$373,056$4,817,317
95$7,415,400$989,629$307,314$5,202,734
96$8,091,068$957,417$236,906$5,625,652
97$8,833,111$921,085$161,596$6,089,909
98$9,648,220$880,350$81,142$6,599,735
99$10,543,766$834,914$0$7,159,799
100$11,527,867$784,462$0$7,775,600