Can I retire at age 70 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$90,011$89,209$88,427$87,664$86,918$86,154
2 years$44,560$43,730$42,926$42,146$41,390$40,619
3 years$29,412$28,578$27,776$27,003$26,259$25,507
4 years$21,839$21,008$20,214$19,454$18,728$18,000
5 years$17,296$16,470$15,687$14,943$14,237$13,535
6 years$14,269$13,449$12,677$11,950$11,265$10,590
7 years$12,108$11,295$10,535$9,825$9,162$8,513
8 years$10,487$9,682$8,934$8,242$7,600$6,979
9 years$9,228$8,430$7,695$7,020$6,401$5,806
10 years$8,220$7,430$6,709$6,051$5,454$4,886
11 years$7,397$6,615$5,906$5,267$4,690$4,148
12 years$6,711$5,937$5,242$4,619$4,065$3,548
13 years$6,131$5,365$4,683$4,078$3,544$3,053
14 years$5,635$4,877$4,208$3,620$3,107$2,640
15 years$5,205$4,455$3,799$3,229$2,736$2,292
16 years$4,829$4,088$3,444$2,891$2,418$1,998
17 years$4,498$3,765$3,134$2,597$2,144$1,746
18 years$4,204$3,479$2,861$2,341$1,906$1,530
19 years$3,941$3,224$2,619$2,115$1,699$1,343
20 years$3,705$2,996$2,404$1,916$1,518$1,182
21 years$3,491$2,790$2,211$1,739$1,358$1,042
22 years$3,297$2,605$2,038$1,581$1,217$919
23 years$3,121$2,436$1,882$1,440$1,093$812
24 years$2,959$2,283$1,740$1,313$982$719
25 years$2,810$2,142$1,612$1,199$884$636
26 years$2,673$2,013$1,495$1,096$796$564
27 years$2,547$1,895$1,388$1,004$718$500
28 years$2,429$1,785$1,290$919$648$444
29 years$2,320$1,684$1,201$843$585$394
30 years$2,219$1,591$1,119$774$528$350
31 years$2,124$1,504$1,043$711$478$311
32 years$2,035$1,423$973$653$432$277
33 years$1,952$1,347$908$601$391$246
34 years$1,874$1,277$849$553$354$219
35 years$1,800$1,211$794$509$321$195
36 years$1,731$1,150$742$469$291$174
37 years$1,666$1,092$695$432$263$155
38 years$1,604$1,038$651$398$239$138
39 years$1,546$987$610$367$217$123
40 years$1,490$939$571$338$196$109
41 years$1,438$894$536$312$178$97
42 years$1,388$851$503$288$162$87
43 years$1,340$811$472$266$147$77
44 years$1,295$773$443$246$133$69
45 years$1,252$737$416$227$121$61
46 years$1,211$703$390$210$110$55
47 years$1,172$671$367$194$100$49
48 years$1,134$641$345$179$91$44
49 years$1,098$612$324$165$82$39
50 years$1,064$584$305$153$75$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,090,000, adding $4,508 every year, while hoping to spend $36,306 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: 62/19/19 Blend
69$1,090,000$1,090,000$1,090,000$1,090,000
70$1,205,830$1,148,060$1,131,165$1,274,445
71$1,290,195$1,165,686$1,130,430$1,338,871
72$1,381,949$1,182,958$1,128,453$1,404,711
73$1,481,807$1,199,822$1,125,155$1,475,751
74$1,590,555$1,216,217$1,120,452$1,552,498
75$1,709,060$1,232,080$1,114,255$1,635,516
76$1,838,275$1,247,343$1,106,474$1,725,424
77$1,979,250$1,261,933$1,097,011$1,822,905
78$2,133,137$1,275,772$1,085,765$1,928,713
79$2,301,210$1,288,778$1,072,631$2,043,679
80$2,484,866$1,300,861$1,057,497$2,168,720
81$2,685,647$1,311,927$1,040,248$2,304,847
82$2,905,248$1,321,877$1,020,761$2,453,175
83$3,145,537$1,330,603$998,910$2,614,933
84$3,408,570$1,337,990$974,562$2,791,478
85$3,696,611$1,343,919$947,577$2,984,306
86$4,012,154$1,348,259$917,809$3,195,066
87$4,357,945$1,350,875$885,107$3,425,576
88$4,737,008$1,351,620$849,310$3,677,844
89$5,152,674$1,350,341$810,253$3,954,082
90$5,608,611$1,346,872$767,761$4,256,729
91$6,108,860$1,341,039$721,651$4,588,475
92$6,657,871$1,332,658$671,735$4,952,288
93$7,260,548$1,321,533$617,812$5,351,440
94$7,922,291$1,307,454$559,675$5,789,537
95$8,649,048$1,290,203$497,108$6,270,558
96$9,447,373$1,269,545$429,883$6,798,890
97$10,324,485$1,245,233$357,764$7,379,369
98$11,288,337$1,217,004$280,504$8,017,329
99$12,347,691$1,184,580$197,844$8,718,650
100$13,512,199$1,147,668$109,515$9,489,815