Can I retire at age 70 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$86,708$85,936$85,182$84,447$83,728$81,113
2 years$42,925$42,125$41,351$40,599$39,871$37,259
3 years$28,332$27,529$26,757$26,012$25,296$22,770
4 years$21,037$20,237$19,472$18,740$18,041$15,620
5 years$16,662$15,866$15,111$14,394$13,715$11,405
6 years$13,745$12,956$12,212$11,511$10,852$8,656
7 years$11,663$10,880$10,148$9,464$8,825$6,743
8 years$10,102$9,326$8,606$7,939$7,322$5,351
9 years$8,889$8,120$7,413$6,762$6,166$4,305
10 years$7,919$7,158$6,463$5,829$5,254$3,500
11 years$7,125$6,372$5,690$5,073$4,518$2,868
12 years$6,465$5,719$5,049$4,450$3,915$2,366
13 years$5,906$5,168$4,511$3,929$3,414$1,961
14 years$5,428$4,698$4,053$3,487$2,993$1,633
15 years$5,014$4,292$3,660$3,110$2,635$1,364
16 years$4,652$3,938$3,318$2,785$2,329$1,143
17 years$4,333$3,626$3,019$2,502$2,065$959
18 years$4,049$3,351$2,756$2,255$1,836$807
19 years$3,796$3,106$2,523$2,037$1,637$680
20 years$3,569$2,886$2,316$1,845$1,462$574
21 years$3,363$2,688$2,130$1,675$1,308$484
22 years$3,176$2,509$1,963$1,523$1,173$409
23 years$3,006$2,347$1,813$1,387$1,053$346
24 years$2,850$2,199$1,676$1,265$946$293
25 years$2,707$2,063$1,553$1,155$851$248
26 years$2,575$1,939$1,440$1,056$767$210
27 years$2,453$1,825$1,337$967$691$178
28 years$2,340$1,720$1,243$886$624$151
29 years$2,235$1,622$1,157$812$563$128
30 years$2,137$1,532$1,077$745$509$109
31 years$2,046$1,448$1,004$685$460$92
32 years$1,961$1,371$937$629$416$78
33 years$1,880$1,298$875$579$377$67
34 years$1,805$1,230$818$532$341$57
35 years$1,734$1,167$764$490$309$48
36 years$1,668$1,107$715$451$280$41
37 years$1,605$1,052$669$416$254$35
38 years$1,545$1,000$627$383$230$29
39 years$1,489$951$587$353$209$25
40 years$1,436$904$550$326$189$21
41 years$1,385$861$516$301$172$18
42 years$1,337$820$484$278$156$15
43 years$1,291$781$454$256$141$13
44 years$1,248$745$426$237$128$11
45 years$1,206$710$400$218$116$9
46 years$1,167$677$376$202$106$8
47 years$1,129$646$353$186$96$7
48 years$1,093$617$332$172$87$6
49 years$1,058$589$312$159$79$5
50 years$1,025$563$293$147$72$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,050,000, adding $4,248 every year, while hoping to spend $27,159 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: 39/33/28 Blend
69$1,050,000$1,050,000$1,050,000$1,050,000
70$1,161,482$1,105,832$1,089,557$1,196,997
71$1,251,056$1,131,121$1,097,160$1,248,623
72$1,348,856$1,156,738$1,104,108$1,301,594
73$1,455,694$1,182,672$1,110,349$1,358,355
74$1,572,460$1,208,909$1,115,831$1,419,271
75$1,700,137$1,235,431$1,120,498$1,484,741
76$1,839,807$1,262,223$1,124,290$1,555,208
77$1,992,660$1,289,265$1,127,147$1,631,158
78$2,160,008$1,316,536$1,129,003$1,713,130
79$2,343,294$1,344,012$1,129,790$1,801,716
80$2,544,109$1,371,667$1,129,437$1,897,569
81$2,764,204$1,399,474$1,127,869$2,001,413
82$3,005,507$1,427,403$1,125,007$2,114,041
83$3,270,143$1,455,420$1,120,768$2,236,332
84$3,560,451$1,483,489$1,115,068$2,369,253
85$3,879,008$1,511,571$1,107,813$2,513,874
86$4,228,653$1,539,624$1,098,911$2,671,371
87$4,612,512$1,567,602$1,088,261$2,843,044
88$5,034,029$1,595,456$1,075,759$3,030,326
89$5,496,999$1,623,132$1,061,296$3,234,797
90$6,005,602$1,650,574$1,044,758$3,458,202
91$6,564,441$1,677,720$1,026,025$3,702,463
92$7,178,589$1,704,503$1,004,972$3,969,701
93$7,853,634$1,730,853$981,468$4,262,256
94$8,595,733$1,756,693$955,375$4,582,707
95$9,411,668$1,781,941$926,550$4,933,900
96$10,308,912$1,806,511$894,844$5,318,973
97$11,295,699$1,830,308$860,100$5,741,387
98$12,381,100$1,853,232$822,152$6,204,958
99$13,575,108$1,875,176$780,830$6,713,896
100$14,888,737$1,896,027$735,955$7,272,840