Can I retire at age 70 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$95,792$94,938$94,106$93,293$92,500$89,899
2 years$47,422$46,538$45,683$44,853$44,048$41,447
3 years$31,300$30,413$29,560$28,738$27,946$25,427
4 years$23,241$22,357$21,512$20,704$19,931$17,514
5 years$18,407$17,528$16,694$15,902$15,151$12,842
6 years$15,185$14,313$13,491$12,717$11,989$9,789
7 years$12,885$12,020$11,211$10,456$9,750$7,660
8 years$11,161$10,303$9,508$8,771$8,089$6,108
9 years$9,820$8,971$8,189$7,471$6,812$4,938
10 years$8,748$7,908$7,140$6,440$5,804$4,034
11 years$7,872$7,040$6,286$5,605$4,992$3,324
12 years$7,142$6,318$5,578$4,916$4,326$2,756
13 years$6,525$5,710$4,984$4,340$3,772$2,297
14 years$5,997$5,190$4,478$3,853$3,307$1,923
15 years$5,539$4,741$4,043$3,436$2,911$1,616
16 years$5,139$4,350$3,666$3,077$2,573$1,361
17 years$4,787$4,006$3,336$2,764$2,281$1,149
18 years$4,474$3,702$3,045$2,491$2,029$973
19 years$4,194$3,431$2,788$2,251$1,808$824
20 years$3,942$3,188$2,558$2,039$1,615$700
21 years$3,715$2,970$2,353$1,850$1,445$595
22 years$3,509$2,772$2,169$1,682$1,295$506
23 years$3,321$2,593$2,002$1,532$1,163$431
24 years$3,149$2,429$1,852$1,397$1,045$367
25 years$2,991$2,280$1,715$1,276$941$313
26 years$2,845$2,143$1,591$1,167$847$267
27 years$2,710$2,016$1,477$1,068$764$228
28 years$2,585$1,900$1,373$979$689$194
29 years$2,469$1,792$1,278$897$622$166
30 years$2,361$1,693$1,190$824$562$142
31 years$2,260$1,600$1,110$756$508$121
32 years$2,166$1,514$1,035$695$460$103
33 years$2,077$1,434$967$639$416$88
34 years$1,994$1,359$903$588$377$76
35 years$1,916$1,289$844$541$341$65
36 years$1,842$1,223$790$499$309$55
37 years$1,773$1,162$739$459$280$47
38 years$1,707$1,104$692$423$254$40
39 years$1,645$1,050$649$390$230$35
40 years$1,586$999$608$360$209$30
41 years$1,530$951$570$332$190$25
42 years$1,477$906$535$307$172$22
43 years$1,426$863$502$283$156$18
44 years$1,378$823$471$261$142$16
45 years$1,332$784$442$241$129$14
46 years$1,289$748$415$223$117$12
47 years$1,247$714$390$206$106$10
48 years$1,207$682$367$190$96$8
49 years$1,169$651$345$176$87$7
50 years$1,133$622$324$163$79$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,160,000, adding $4,605 every year, while hoping to spend $57,460 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: 37/48/15 Blend
69$1,160,000$1,160,000$1,160,000$1,160,000
70$1,283,070$1,221,590$1,203,610$1,324,529
71$1,352,806$1,220,311$1,182,794$1,353,459
72$1,427,730$1,217,043$1,159,355$1,378,857
73$1,508,309$1,211,629$1,133,144$1,405,055
74$1,595,058$1,203,901$1,104,006$1,432,153
75$1,688,542$1,193,680$1,071,778$1,460,268
76$1,789,381$1,180,778$1,036,291$1,489,531
77$1,898,257$1,164,995$997,365$1,520,092
78$2,015,918$1,146,119$954,816$1,552,120
79$2,143,189$1,123,926$908,449$1,585,809
80$2,280,972$1,098,177$858,061$1,621,376
81$2,430,264$1,068,620$803,438$1,659,066
82$2,592,158$1,034,989$744,360$1,699,158
83$2,767,855$997,001$680,594$1,741,964
84$2,958,680$954,358$611,897$1,787,835
85$3,166,087$906,742$538,017$1,837,165
86$3,391,677$853,821$458,690$1,890,400
87$3,637,209$795,241$373,638$1,948,035
88$3,904,624$730,626$282,573$2,010,628
89$4,196,051$659,583$185,195$2,078,803
90$4,513,839$581,693$81,190$2,153,258
91$4,860,569$496,514$0$2,234,773
92$5,239,085$403,581$0$2,328,990
93$5,652,516$302,401$0$2,446,288
94$6,104,306$192,453$0$2,574,802
95$6,598,249$73,187$0$2,715,801
96$7,138,521$0$0$2,870,694
97$7,729,718$0$0$3,070,616
98$8,376,904$0$0$3,331,945
99$9,085,654$0$0$3,618,296
100$9,862,107$0$0$3,932,169