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

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$90,011$89,209$88,427$87,664$86,918$85,549
2 years$44,560$43,730$42,926$42,146$41,390$40,013
3 years$29,412$28,578$27,776$27,003$26,259$24,919
4 years$21,839$21,008$20,214$19,454$18,728$17,435
5 years$17,296$16,470$15,687$14,943$14,237$12,994
6 years$14,269$13,449$12,677$11,950$11,265$10,073
7 years$12,108$11,295$10,535$9,825$9,162$8,022
8 years$10,487$9,682$8,934$8,242$7,600$6,512
9 years$9,228$8,430$7,695$7,020$6,401$5,364
10 years$8,220$7,430$6,709$6,051$5,454$4,467
11 years$7,397$6,615$5,906$5,267$4,690$3,753
12 years$6,711$5,937$5,242$4,619$4,065$3,176
13 years$6,131$5,365$4,683$4,078$3,544$2,702
14 years$5,635$4,877$4,208$3,620$3,107$2,311
15 years$5,205$4,455$3,799$3,229$2,736$1,983
16 years$4,829$4,088$3,444$2,891$2,418$1,708
17 years$4,498$3,765$3,134$2,597$2,144$1,475
18 years$4,204$3,479$2,861$2,341$1,906$1,277
19 years$3,941$3,224$2,619$2,115$1,699$1,107
20 years$3,705$2,996$2,404$1,916$1,518$962
21 years$3,491$2,790$2,211$1,739$1,358$837
22 years$3,297$2,605$2,038$1,581$1,217$729
23 years$3,121$2,436$1,882$1,440$1,093$636
24 years$2,959$2,283$1,740$1,313$982$555
25 years$2,810$2,142$1,612$1,199$884$485
26 years$2,673$2,013$1,495$1,096$796$424
27 years$2,547$1,895$1,388$1,004$718$371
28 years$2,429$1,785$1,290$919$648$325
29 years$2,320$1,684$1,201$843$585$285
30 years$2,219$1,591$1,119$774$528$249
31 years$2,124$1,504$1,043$711$478$219
32 years$2,035$1,423$973$653$432$192
33 years$1,952$1,347$908$601$391$168
34 years$1,874$1,277$849$553$354$147
35 years$1,800$1,211$794$509$321$129
36 years$1,731$1,150$742$469$291$114
37 years$1,666$1,092$695$432$263$100
38 years$1,604$1,038$651$398$239$87
39 years$1,546$987$610$367$217$77
40 years$1,490$939$571$338$196$67
41 years$1,438$894$536$312$178$59
42 years$1,388$851$503$288$162$52
43 years$1,340$811$472$266$147$46
44 years$1,295$773$443$246$133$40
45 years$1,252$737$416$227$121$35
46 years$1,211$703$390$210$110$31
47 years$1,172$671$367$194$100$27
48 years$1,134$641$345$179$91$24
49 years$1,098$612$324$165$82$21
50 years$1,064$584$305$153$75$18

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 $6,805 every year, while hoping to spend $55,890 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: 33/39/28 Blend
69$1,090,000$1,090,000$1,090,000$1,090,000
70$1,208,199$1,150,429$1,133,534$1,237,612
71$1,271,969$1,147,334$1,112,041$1,257,448
72$1,340,370$1,142,214$1,087,955$1,273,375
73$1,413,816$1,134,910$1,061,129$1,289,453
74$1,492,760$1,125,256$1,031,412$1,305,737
75$1,577,701$1,113,072$998,644$1,322,287
76$1,669,185$1,098,171$962,657$1,339,178
77$1,767,813$1,080,353$923,277$1,356,496
78$1,874,245$1,059,405$880,322$1,374,341
79$1,989,205$1,035,103$833,600$1,392,829
80$2,113,491$1,007,210$782,912$1,412,097
81$2,247,978$975,474$728,050$1,432,299
82$2,393,628$939,628$668,796$1,453,613
83$2,551,499$899,392$604,922$1,476,243
84$2,722,755$854,465$536,191$1,500,421
85$2,908,677$804,534$462,353$1,526,413
86$3,110,670$749,265$383,150$1,554,519
87$3,330,284$688,305$298,312$1,585,079
88$3,569,222$621,280$207,554$1,618,479
89$3,829,358$547,799$110,582$1,655,154
90$4,112,754$467,442$7,089$1,695,593
91$4,421,680$379,772$0$1,740,351
92$4,758,633$284,323$0$1,820,926
93$5,126,363$180,603$0$1,911,406
94$5,527,895$68,096$0$2,010,557
95$5,966,561$0$0$2,119,366
96$6,446,027$0$0$2,261,996
97$6,970,331$0$0$2,450,076
98$7,543,919$0$0$2,655,998
99$8,171,686$0$0$2,881,537
100$8,859,020$0$0$3,128,653