Can I retire at age 70 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$93,314$92,483$91,672$90,881$90,108$87,929
2 years$46,195$45,335$44,501$43,693$42,908$40,727
3 years$30,491$29,627$28,795$27,994$27,223$25,106
4 years$22,640$21,779$20,955$20,168$19,416$17,380
5 years$17,931$17,075$16,262$15,491$14,759$12,811
6 years$14,793$13,943$13,142$12,388$11,679$9,819
7 years$12,552$11,709$10,921$10,185$9,498$7,728
8 years$10,872$10,037$9,262$8,544$7,879$6,198
9 years$9,566$8,739$7,978$7,278$6,636$5,041
10 years$8,522$7,703$6,955$6,273$5,654$4,144
11 years$7,668$6,858$6,123$5,460$4,862$3,436
12 years$6,957$6,155$5,434$4,789$4,214$2,868
13 years$6,356$5,562$4,855$4,228$3,674$2,407
14 years$5,842$5,056$4,362$3,753$3,221$2,029
15 years$5,396$4,619$3,938$3,347$2,836$1,716
16 years$5,006$4,238$3,571$2,997$2,506$1,456
17 years$4,663$3,903$3,249$2,693$2,222$1,239
18 years$4,358$3,606$2,966$2,427$1,976$1,056
19 years$4,085$3,342$2,715$2,193$1,761$902
20 years$3,841$3,106$2,492$1,986$1,573$771
21 years$3,619$2,893$2,292$1,802$1,408$660
22 years$3,418$2,700$2,113$1,639$1,262$566
23 years$3,235$2,526$1,951$1,492$1,133$486
24 years$3,067$2,366$1,804$1,361$1,018$417
25 years$2,913$2,221$1,671$1,243$916$358
26 years$2,771$2,087$1,550$1,137$825$308
27 years$2,640$1,964$1,439$1,040$744$265
28 years$2,519$1,851$1,338$953$671$228
29 years$2,405$1,746$1,245$874$606$196
30 years$2,300$1,649$1,160$802$548$169
31 years$2,202$1,559$1,081$737$495$146
32 years$2,110$1,475$1,009$677$448$126
33 years$2,024$1,397$942$623$405$108
34 years$1,943$1,324$880$573$367$93
35 years$1,866$1,256$823$527$332$80
36 years$1,795$1,192$770$486$301$69
37 years$1,727$1,132$720$448$273$60
38 years$1,663$1,076$675$413$248$52
39 years$1,602$1,023$632$380$224$44
40 years$1,545$973$592$351$204$38
41 years$1,490$926$555$324$185$33
42 years$1,439$882$521$299$168$29
43 years$1,389$841$489$276$152$25
44 years$1,343$801$459$255$138$21
45 years$1,298$764$431$235$125$18
46 years$1,255$729$405$217$114$16
47 years$1,215$696$380$201$103$14
48 years$1,176$664$357$185$94$12
49 years$1,139$634$336$171$85$10
50 years$1,103$606$316$158$77$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,130,000, adding $3,488 every year, while hoping to spend $43,373 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: 73/20/7 Blend
69$1,130,000$1,130,000$1,130,000$1,130,000
70$1,248,858$1,188,968$1,171,453$1,338,539
71$1,330,093$1,201,079$1,164,548$1,410,239
72$1,418,160$1,212,329$1,155,958$1,482,950
73$1,513,711$1,222,632$1,145,581$1,561,357
74$1,617,461$1,231,892$1,133,310$1,646,009
75$1,730,198$1,240,011$1,119,032$1,737,510
76$1,852,789$1,246,882$1,102,630$1,836,527
77$1,986,186$1,252,393$1,083,981$1,943,794
78$2,131,439$1,256,422$1,062,956$2,060,120
79$2,289,702$1,258,842$1,039,421$2,186,398
80$2,462,244$1,259,518$1,013,235$2,323,610
81$2,650,464$1,258,306$984,249$2,472,840
82$2,855,900$1,255,052$952,310$2,635,284
83$3,080,246$1,249,593$917,257$2,812,257
84$3,325,366$1,241,759$878,920$3,005,212
85$3,593,313$1,231,364$837,123$3,215,749
86$3,886,347$1,218,216$791,682$3,445,631
87$4,206,955$1,202,110$742,404$3,696,803
88$4,557,877$1,182,826$689,087$3,971,410
89$4,942,130$1,160,134$631,522$4,271,815
90$5,363,037$1,133,791$569,488$4,600,623
91$5,824,256$1,103,535$502,754$4,960,706
92$6,329,816$1,069,095$431,083$5,355,233
93$6,884,156$1,030,178$354,222$5,787,693
94$7,492,161$986,479$271,910$6,261,935
95$8,159,217$937,671$183,874$6,782,203
96$8,891,252$883,413$89,829$7,353,174
97$9,694,799$823,338$0$7,980,004
98$10,577,051$757,065$0$8,669,167
99$11,545,934$684,185$0$9,433,353
100$12,610,180$604,271$0$10,272,779