Can I retire at age 70 with 1,080,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$89,185$88,391$87,616$86,859$86,121$84,347
2 years$44,151$43,329$42,532$41,759$41,010$39,231
3 years$29,142$28,316$27,521$26,756$26,018$24,290
4 years$21,638$20,815$20,028$19,276$18,557$16,892
5 years$17,138$16,319$15,543$14,806$14,106$12,510
6 years$14,138$13,326$12,561$11,840$11,162$9,636
7 years$11,997$11,191$10,438$9,735$9,078$7,622
8 years$10,391$9,593$8,852$8,166$7,531$6,145
9 years$9,143$8,352$7,625$6,956$6,342$5,025
10 years$8,145$7,362$6,647$5,996$5,404$4,154
11 years$7,329$6,554$5,852$5,218$4,647$3,464
12 years$6,650$5,883$5,194$4,577$4,027$2,908
13 years$6,075$5,316$4,640$4,041$3,512$2,455
14 years$5,583$4,832$4,169$3,587$3,078$2,082
15 years$5,157$4,414$3,764$3,199$2,711$1,773
16 years$4,785$4,050$3,413$2,864$2,396$1,514
17 years$4,457$3,730$3,106$2,574$2,124$1,296
18 years$4,165$3,447$2,835$2,319$1,889$1,112
19 years$3,905$3,194$2,595$2,096$1,683$956
20 years$3,671$2,968$2,382$1,898$1,504$823
21 years$3,459$2,765$2,191$1,723$1,346$710
22 years$3,267$2,581$2,019$1,566$1,206$613
23 years$3,092$2,414$1,864$1,426$1,083$530
24 years$2,932$2,262$1,724$1,301$973$458
25 years$2,784$2,122$1,597$1,188$876$396
26 years$2,649$1,995$1,481$1,086$789$343
27 years$2,523$1,877$1,375$994$711$297
28 years$2,407$1,769$1,279$911$642$258
29 years$2,299$1,669$1,190$835$579$224
30 years$2,198$1,576$1,108$767$524$194
31 years$2,104$1,490$1,033$704$473$168
32 years$2,017$1,410$964$647$428$146
33 years$1,934$1,335$900$595$387$127
34 years$1,857$1,265$841$548$351$110
35 years$1,784$1,200$786$504$318$96
36 years$1,715$1,139$736$464$288$83
37 years$1,651$1,082$688$428$261$72
38 years$1,589$1,028$645$394$237$63
39 years$1,531$978$604$364$215$55
40 years$1,477$930$566$335$195$47
41 years$1,424$885$531$309$177$41
42 years$1,375$843$498$285$160$36
43 years$1,328$803$467$264$145$31
44 years$1,283$766$439$243$132$27
45 years$1,241$730$412$225$120$24
46 years$1,200$697$387$208$109$20
47 years$1,161$665$363$192$99$18
48 years$1,124$635$341$177$90$15
49 years$1,088$606$321$164$81$13
50 years$1,054$579$302$151$74$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,080,000, adding $3,220 every year, while hoping to spend $49,301 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: 57/38/5 Blend
69$1,080,000$1,080,000$1,080,000$1,080,000
70$1,193,481$1,136,241$1,119,501$1,260,192
71$1,262,761$1,139,461$1,104,549$1,308,595
72$1,337,454$1,141,187$1,087,443$1,355,446
73$1,418,062$1,141,292$1,068,060$1,405,253
74$1,505,133$1,139,645$1,046,269$1,458,301
75$1,599,273$1,136,103$1,021,935$1,514,907
76$1,701,144$1,130,517$994,915$1,575,420
77$1,811,476$1,122,728$965,060$1,640,228
78$1,931,072$1,112,567$932,215$1,709,759
79$2,060,813$1,099,856$896,216$1,784,489
80$2,201,671$1,084,403$856,894$1,864,941
81$2,354,712$1,066,009$814,070$1,951,699
82$2,521,109$1,044,461$767,559$2,045,403
83$2,702,155$1,019,532$717,165$2,146,767
84$2,899,271$990,985$662,686$2,256,576
85$3,114,019$958,566$603,908$2,375,702
86$3,348,121$922,007$540,611$2,505,107
87$3,603,470$881,027$472,562$2,645,856
88$3,882,151$835,324$399,520$2,799,127
89$4,186,457$784,582$321,231$2,966,221
90$4,518,915$728,466$237,432$3,148,579
91$4,882,306$666,621$147,847$3,347,791
92$5,279,689$598,674$52,188$3,565,616
93$5,714,437$524,228$0$3,803,999
94$6,190,259$442,866$0$4,067,749
95$6,711,244$354,144$0$4,359,724
96$7,281,890$257,597$0$4,679,778
97$7,907,155$152,731$0$5,030,826
98$8,592,496$39,025$0$5,416,090
99$9,343,924$0$0$5,839,126
100$10,168,060$0$0$6,339,016