Can I retire at age 70 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$91,663$90,846$90,050$89,272$88,513$86,620
2 years$45,378$44,532$43,713$42,919$42,149$40,251
3 years$29,951$29,102$28,285$27,499$26,741$24,897
4 years$22,240$21,393$20,585$19,811$19,072$17,296
5 years$17,614$16,773$15,974$15,217$14,498$12,796
6 years$14,531$13,696$12,910$12,169$11,472$9,845
7 years$12,330$11,502$10,728$10,005$9,330$7,779
8 years$10,680$9,859$9,098$8,393$7,740$6,264
9 years$9,397$8,584$7,836$7,149$6,518$5,116
10 years$8,371$7,567$6,832$6,162$5,554$4,225
11 years$7,533$6,736$6,015$5,363$4,776$3,518
12 years$6,834$6,046$5,338$4,704$4,139$2,950
13 years$6,244$5,464$4,769$4,153$3,609$2,487
14 years$5,738$4,966$4,285$3,687$3,164$2,107
15 years$5,300$4,537$3,869$3,288$2,786$1,791
16 years$4,918$4,163$3,508$2,944$2,462$1,527
17 years$4,580$3,834$3,192$2,645$2,183$1,306
18 years$4,281$3,542$2,914$2,384$1,941$1,119
19 years$4,013$3,283$2,667$2,154$1,730$960
20 years$3,773$3,051$2,448$1,951$1,545$826
21 years$3,555$2,842$2,252$1,770$1,383$711
22 years$3,358$2,653$2,075$1,610$1,240$613
23 years$3,178$2,481$1,916$1,466$1,113$529
24 years$3,013$2,324$1,772$1,337$1,000$456
25 years$2,862$2,181$1,641$1,221$900$394
26 years$2,722$2,050$1,522$1,117$811$341
27 years$2,593$1,929$1,414$1,022$731$295
28 years$2,474$1,818$1,314$936$660$255
29 years$2,363$1,715$1,223$859$596$221
30 years$2,259$1,620$1,139$788$538$191
31 years$2,163$1,531$1,062$724$486$166
32 years$2,073$1,449$991$665$440$144
33 years$1,988$1,372$925$612$398$125
34 years$1,908$1,300$864$563$361$108
35 years$1,833$1,233$808$518$327$94
36 years$1,763$1,171$756$477$296$81
37 years$1,696$1,112$708$440$268$70
38 years$1,633$1,057$663$405$243$61
39 years$1,574$1,005$621$374$220$53
40 years$1,518$956$582$345$200$46
41 years$1,464$910$546$318$181$40
42 years$1,413$867$512$293$165$35
43 years$1,365$826$480$271$149$30
44 years$1,319$787$451$250$136$26
45 years$1,275$751$423$231$123$23
46 years$1,233$716$398$213$112$20
47 years$1,193$683$373$197$102$17
48 years$1,155$652$351$182$92$15
49 years$1,119$623$330$168$84$13
50 years$1,084$595$310$156$76$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,110,000, adding $2,345 every year, while hoping to spend $48,454 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: 68/10/22 Blend
69$1,110,000$1,110,000$1,110,000$1,110,000
70$1,225,639$1,166,809$1,149,604$1,302,031
71$1,299,099$1,172,428$1,136,561$1,359,109
72$1,378,429$1,176,698$1,121,457$1,415,702
73$1,464,175$1,179,503$1,104,172$1,476,457
74$1,556,939$1,180,717$1,084,580$1,541,785
75$1,657,383$1,180,208$1,062,550$1,612,136
76$1,766,233$1,177,835$1,037,943$1,688,011
77$1,884,290$1,173,450$1,010,615$1,769,959
78$2,012,433$1,166,895$980,415$1,858,590
79$2,151,628$1,158,000$947,187$1,954,574
80$2,302,940$1,146,588$910,763$2,058,652
81$2,467,540$1,132,470$870,973$2,171,643
82$2,646,713$1,115,445$827,636$2,294,450
83$2,841,879$1,095,303$780,562$2,428,070
84$3,054,594$1,071,817$729,555$2,573,602
85$3,286,577$1,044,750$674,409$2,732,261
86$3,539,715$1,013,849$614,908$2,905,386
87$3,816,087$978,849$550,829$3,094,458
88$4,117,981$939,466$481,935$3,301,108
89$4,447,917$895,402$407,982$3,527,137
90$4,808,669$846,341$328,714$3,774,531
91$5,203,290$791,948$243,862$4,045,485
92$5,635,142$731,871$153,149$4,342,417
93$6,107,929$665,734$56,281$4,667,996
94$6,625,727$593,145$0$5,025,167
95$7,193,026$513,684$0$5,428,235
96$7,814,771$426,911$0$5,884,545
97$8,496,408$332,360$0$6,384,904
98$9,243,935$229,538$0$6,933,755
99$10,063,957$117,927$0$7,535,992
100$10,963,752$0$0$8,197,010