Can I retire at age 70 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$90,837$90,028$89,238$88,468$87,716$87,053
2 years$44,969$44,131$43,320$42,533$41,769$41,102
3 years$29,681$28,840$28,031$27,251$26,500$25,848
4 years$22,039$21,201$20,399$19,633$18,900$18,268
5 years$17,455$16,622$15,831$15,080$14,368$13,758
6 years$14,400$13,573$12,793$12,060$11,369$10,782
7 years$12,219$11,398$10,631$9,915$9,246$8,682
8 years$10,583$9,771$9,016$8,317$7,670$7,130
9 years$9,312$8,507$7,766$7,084$6,459$5,942
10 years$8,296$7,499$6,770$6,107$5,504$5,009
11 years$7,465$6,675$5,960$5,315$4,733$4,261
12 years$6,773$5,992$5,290$4,662$4,102$3,651
13 years$6,188$5,415$4,726$4,116$3,577$3,148
14 years$5,687$4,922$4,246$3,653$3,135$2,727
15 years$5,253$4,496$3,834$3,258$2,761$2,373
16 years$4,873$4,125$3,476$2,917$2,440$2,072
17 years$4,539$3,799$3,163$2,621$2,163$1,815
18 years$4,242$3,510$2,887$2,362$1,924$1,593
19 years$3,977$3,253$2,643$2,135$1,715$1,402
20 years$3,739$3,023$2,426$1,933$1,531$1,236
21 years$3,523$2,816$2,231$1,755$1,371$1,092
22 years$3,327$2,629$2,057$1,595$1,228$966
23 years$3,149$2,459$1,899$1,453$1,103$856
24 years$2,986$2,304$1,756$1,325$991$759
25 years$2,836$2,162$1,627$1,210$892$673
26 years$2,698$2,032$1,509$1,106$803$598
27 years$2,570$1,912$1,401$1,013$724$532
28 years$2,452$1,802$1,302$928$654$473
29 years$2,342$1,700$1,212$851$590$421
30 years$2,239$1,605$1,129$781$533$375
31 years$2,143$1,517$1,052$717$482$334
32 years$2,054$1,436$982$659$436$298
33 years$1,970$1,360$917$606$395$266
34 years$1,891$1,289$857$558$357$237
35 years$1,817$1,222$801$513$324$211
36 years$1,747$1,160$749$473$293$189
37 years$1,681$1,102$701$436$266$168
38 years$1,619$1,047$657$402$241$150
39 years$1,560$996$615$370$218$134
40 years$1,504$947$577$342$198$120
41 years$1,451$902$541$315$180$107
42 years$1,400$859$507$291$163$96
43 years$1,353$818$476$268$148$86
44 years$1,307$780$447$248$134$76
45 years$1,264$744$419$229$122$68
46 years$1,222$710$394$211$111$61
47 years$1,183$677$370$195$101$55
48 years$1,145$646$348$180$91$49
49 years$1,109$617$327$167$83$44
50 years$1,074$590$307$154$75$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,100,000, adding $6,518 every year, while hoping to spend $42,686 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: 31/49/20 Blend
69$1,100,000$1,100,000$1,100,000$1,100,000
70$1,218,923$1,160,623$1,143,573$1,248,938
71$1,297,836$1,172,076$1,136,465$1,283,564
72$1,383,367$1,182,660$1,127,689$1,316,498
73$1,476,146$1,192,286$1,117,142$1,351,054
74$1,576,867$1,200,862$1,104,721$1,387,397
75$1,686,291$1,208,288$1,090,312$1,425,715
76$1,805,257$1,214,458$1,073,802$1,466,216
77$1,934,687$1,219,260$1,055,068$1,509,132
78$2,075,595$1,222,574$1,033,983$1,554,722
79$2,229,098$1,224,273$1,010,414$1,603,274
80$2,396,426$1,224,221$984,222$1,655,110
81$2,578,929$1,222,276$955,261$1,710,588
82$2,778,097$1,218,284$923,379$1,770,108
83$2,995,567$1,212,085$888,417$1,834,113
84$3,233,144$1,203,506$850,208$1,903,096
85$3,492,813$1,192,366$808,578$1,977,606
86$3,776,759$1,178,471$763,345$2,058,253
87$4,087,389$1,161,617$714,318$2,145,716
88$4,427,354$1,141,588$661,299$2,240,747
89$4,799,572$1,118,153$604,080$2,344,182
90$5,207,256$1,091,070$542,444$2,456,950
91$5,653,944$1,060,081$476,164$2,580,079
92$6,143,534$1,024,913$405,004$2,714,714
93$6,680,319$985,278$328,715$2,862,119
94$7,269,025$940,870$247,041$3,023,701
95$7,914,859$891,366$159,710$3,201,017
96$8,623,557$836,426$66,443$3,395,791
97$9,401,436$775,686$0$3,609,937
98$10,255,454$708,767$0$3,852,633
99$11,193,277$635,262$0$4,134,753
100$12,223,348$554,747$0$4,444,768