Can I retire at age 70 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$88,360$87,573$86,805$86,055$85,323$84,467
2 years$43,742$42,928$42,138$41,373$40,630$39,768
3 years$28,872$28,054$27,266$26,508$25,777$24,936
4 years$21,438$20,622$19,843$19,097$18,385$17,570
5 years$16,979$16,168$15,399$14,669$13,976$13,191
6 years$14,007$13,203$12,445$11,731$11,059$10,304
7 years$11,885$11,088$10,341$9,644$8,994$8,270
8 years$10,295$9,504$8,770$8,090$7,461$6,768
9 years$9,058$8,275$7,554$6,891$6,283$5,621
10 years$8,070$7,294$6,586$5,940$5,354$4,721
11 years$7,261$6,493$5,798$5,170$4,604$4,001
12 years$6,588$5,828$5,146$4,535$3,990$3,416
13 years$6,019$5,267$4,597$4,003$3,479$2,933
14 years$5,531$4,788$4,131$3,554$3,050$2,532
15 years$5,109$4,373$3,729$3,169$2,685$2,194
16 years$4,741$4,013$3,381$2,838$2,373$1,908
17 years$4,415$3,695$3,077$2,550$2,104$1,664
18 years$4,127$3,415$2,809$2,298$1,871$1,455
19 years$3,869$3,165$2,571$2,076$1,668$1,275
20 years$3,637$2,941$2,360$1,880$1,490$1,119
21 years$3,427$2,739$2,171$1,707$1,333$984
22 years$3,237$2,557$2,000$1,552$1,195$867
23 years$3,063$2,392$1,847$1,413$1,073$764
24 years$2,904$2,241$1,708$1,289$964$674
25 years$2,759$2,103$1,582$1,177$868$596
26 years$2,624$1,976$1,467$1,076$781$527
27 years$2,500$1,860$1,363$985$705$466
28 years$2,385$1,753$1,267$903$636$413
29 years$2,278$1,653$1,179$828$574$365
30 years$2,178$1,561$1,098$760$519$324
31 years$2,085$1,476$1,024$698$469$287
32 years$1,998$1,397$955$641$424$255
33 years$1,916$1,323$892$590$384$226
34 years$1,840$1,254$833$543$348$201
35 years$1,767$1,189$779$499$315$178
36 years$1,699$1,129$729$460$285$158
37 years$1,635$1,072$682$424$259$140
38 years$1,575$1,019$639$391$234$125
39 years$1,517$969$598$360$213$111
40 years$1,463$922$561$332$193$99
41 years$1,411$877$526$306$175$88
42 years$1,362$835$493$283$159$78
43 years$1,316$796$463$261$144$69
44 years$1,271$759$435$241$131$62
45 years$1,229$724$408$223$119$55
46 years$1,189$690$383$206$108$49
47 years$1,150$659$360$190$98$43
48 years$1,113$629$338$176$89$38
49 years$1,078$600$318$162$81$34
50 years$1,045$574$299$150$73$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,070,000, adding $2,756 every year, while hoping to spend $47,188 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: 51/41/8 Blend
69$1,070,000$1,070,000$1,070,000$1,070,000
70$1,181,983$1,125,273$1,108,688$1,239,720
71$1,252,337$1,130,204$1,095,621$1,284,269
72$1,328,287$1,133,794$1,080,535$1,327,369
73$1,410,351$1,135,930$1,063,313$1,373,108
74$1,499,104$1,136,487$1,043,830$1,421,743
75$1,595,173$1,135,336$1,021,960$1,473,562
76$1,699,251$1,132,338$997,566$1,528,884
77$1,812,099$1,127,346$970,508$1,588,061
78$1,934,552$1,120,204$940,639$1,651,483
79$2,067,529$1,110,748$907,804$1,719,584
80$2,212,044$1,098,801$871,842$1,792,845
81$2,369,209$1,084,179$832,584$1,871,796
82$2,540,247$1,066,683$789,855$1,957,026
83$2,726,507$1,046,105$743,470$2,049,189
84$2,929,471$1,022,225$693,237$2,149,007
85$3,150,771$994,807$638,953$2,257,278
86$3,392,201$963,604$580,410$2,374,889
87$3,655,739$928,354$517,387$2,502,820
88$3,943,560$888,779$449,656$2,642,154
89$4,258,060$844,586$376,975$2,794,093
90$4,601,874$795,463$299,096$2,959,964
91$4,977,907$741,082$215,757$3,141,236
92$5,389,354$681,095$126,686$3,339,533
93$5,839,735$615,136$31,597$3,556,653
94$6,332,926$542,816$0$3,794,582
95$6,873,195$463,724$0$4,061,482
96$7,465,242$377,428$0$4,357,083
97$8,114,244$283,470$0$4,681,397
98$8,825,902$181,365$0$5,037,421
99$9,606,495$70,603$0$5,428,464
100$10,462,940$0$0$5,858,180