Can I retire at age 70 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$82,496$81,762$81,045$80,345$79,662$79,226
2 years$40,840$40,079$39,342$38,627$37,934$37,495
3 years$26,956$26,192$25,457$24,749$24,067$23,637
4 years$20,016$19,254$18,526$17,830$17,165$16,748
5 years$15,852$15,095$14,377$13,695$13,048$12,646
6 years$13,078$12,327$11,619$10,952$10,325$9,937
7 years$11,097$10,352$9,655$9,004$8,397$8,024
8 years$9,612$8,873$8,188$7,554$6,966$6,608
9 years$8,457$7,726$7,053$6,434$5,866$5,523
10 years$7,534$6,810$6,149$5,546$4,998$4,670
11 years$6,779$6,063$5,413$4,827$4,299$3,985
12 years$6,151$5,441$4,804$4,234$3,725$3,425
13 years$5,620$4,917$4,292$3,738$3,248$2,963
14 years$5,164$4,470$3,857$3,318$2,848$2,575
15 years$4,770$4,083$3,482$2,959$2,507$2,248
16 years$4,426$3,746$3,157$2,650$2,216$1,970
17 years$4,122$3,450$2,873$2,381$1,965$1,731
18 years$3,853$3,188$2,622$2,145$1,747$1,525
19 years$3,612$2,955$2,401$1,939$1,557$1,347
20 years$3,395$2,746$2,203$1,756$1,391$1,192
21 years$3,200$2,558$2,026$1,593$1,245$1,057
22 years$3,022$2,387$1,868$1,449$1,116$938
23 years$2,860$2,233$1,725$1,319$1,001$834
24 years$2,712$2,092$1,595$1,203$900$742
25 years$2,576$1,963$1,477$1,099$810$661
26 years$2,450$1,845$1,370$1,005$730$590
27 years$2,334$1,736$1,272$920$658$526
28 years$2,227$1,636$1,183$843$594$470
29 years$2,127$1,544$1,101$773$536$420
30 years$2,034$1,458$1,025$709$484$376
31 years$1,947$1,378$956$651$438$336
32 years$1,865$1,304$892$599$396$301
33 years$1,789$1,235$833$550$358$269
34 years$1,717$1,170$778$507$325$241
35 years$1,650$1,110$727$466$294$216
36 years$1,587$1,054$680$429$266$194
37 years$1,527$1,001$637$396$241$174
38 years$1,470$951$596$365$219$156
39 years$1,417$904$559$336$198$140
40 years$1,366$860$524$310$180$125
41 years$1,318$819$491$286$163$112
42 years$1,272$780$461$264$148$101
43 years$1,228$743$432$244$134$91
44 years$1,187$708$406$225$122$81
45 years$1,147$676$381$208$111$73
46 years$1,110$644$358$192$101$66
47 years$1,074$615$336$177$91$59
48 years$1,040$587$316$164$83$53
49 years$1,007$561$297$151$75$47
50 years$975$536$279$140$68$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $999,000, adding $4,361 every year, while hoping to spend $25,701 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: 51/44/5 Blend
69$999,000$999,000$999,000$999,000
70$1,105,396$1,052,449$1,036,965$1,160,270
71$1,190,801$1,076,674$1,044,358$1,222,229
72$1,284,056$1,101,224$1,051,136$1,286,386
73$1,385,934$1,126,088$1,057,254$1,355,503
74$1,497,287$1,151,254$1,062,660$1,430,050
75$1,619,053$1,176,708$1,067,302$1,510,544
76$1,752,264$1,202,434$1,071,123$1,597,556
77$1,898,056$1,228,415$1,074,068$1,691,714
78$2,057,682$1,254,631$1,076,073$1,793,709
79$2,232,519$1,281,062$1,077,075$1,904,303
80$2,424,086$1,307,684$1,077,007$2,024,334
81$2,634,053$1,334,471$1,075,797$2,154,727
82$2,864,263$1,361,397$1,073,373$2,296,501
83$3,116,743$1,388,430$1,069,656$2,450,776
84$3,393,726$1,415,538$1,064,564$2,618,789
85$3,697,671$1,442,685$1,058,013$2,801,901
86$4,031,290$1,469,833$1,049,913$3,001,613
87$4,397,566$1,496,939$1,040,169$3,219,578
88$4,799,788$1,523,959$1,028,685$3,457,619
89$5,241,576$1,550,843$1,015,356$3,717,743
90$5,726,922$1,577,540$1,000,075$4,002,162
91$6,260,220$1,603,991$982,730$4,313,316
92$6,846,313$1,630,137$963,201$4,653,891
93$7,490,535$1,655,912$941,367$5,026,850
94$8,198,763$1,681,246$917,097$5,435,455
95$8,977,473$1,706,063$890,256$5,883,306
96$9,833,799$1,730,283$860,702$6,374,366
97$10,775,598$1,753,819$828,288$6,913,006
98$11,811,533$1,776,579$792,859$7,504,041
99$12,951,142$1,798,465$754,253$8,152,781
100$14,204,939$1,819,370$712,301$8,865,075