Can I retire at age 70 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$98,269$97,394$96,540$95,706$94,892$93,980
2 years$48,648$47,742$46,864$46,013$45,187$44,267
3 years$32,110$31,200$30,324$29,481$28,668$27,771
4 years$23,842$22,935$22,068$21,239$20,447$19,578
5 years$18,883$17,982$17,126$16,314$15,543$14,705
6 years$15,578$14,683$13,840$13,046$12,299$11,493
7 years$13,218$12,331$11,501$10,726$10,002$9,229
8 years$11,449$10,570$9,754$8,998$8,298$7,558
9 years$10,074$9,203$8,401$7,664$6,988$6,280
10 years$8,975$8,112$7,324$6,607$5,954$5,278
11 years$8,076$7,222$6,448$5,750$5,121$4,476
12 years$7,327$6,482$5,723$5,043$4,437$3,824
13 years$6,694$5,858$5,113$4,452$3,870$3,286
14 years$6,152$5,324$4,594$3,952$3,392$2,838
15 years$5,682$4,864$4,148$3,525$2,987$2,461
16 years$5,272$4,463$3,760$3,156$2,640$2,141
17 years$4,910$4,110$3,422$2,836$2,340$1,869
18 years$4,589$3,798$3,124$2,556$2,081$1,635
19 years$4,302$3,520$2,860$2,309$1,855$1,434
20 years$4,044$3,271$2,624$2,091$1,657$1,260
21 years$3,811$3,046$2,414$1,898$1,483$1,108
22 years$3,600$2,844$2,225$1,726$1,329$977
23 years$3,407$2,660$2,054$1,572$1,193$862
24 years$3,230$2,492$1,900$1,433$1,072$761
25 years$3,068$2,339$1,760$1,309$965$673
26 years$2,919$2,198$1,632$1,197$869$595
27 years$2,780$2,069$1,515$1,096$784$527
28 years$2,652$1,949$1,409$1,004$707$467
29 years$2,533$1,839$1,311$921$638$414
30 years$2,422$1,737$1,221$845$577$367
31 years$2,319$1,642$1,138$776$522$326
32 years$2,222$1,553$1,062$713$472$289
33 years$2,131$1,471$992$656$427$257
34 years$2,046$1,394$927$603$387$228
35 years$1,966$1,322$866$555$350$203
36 years$1,890$1,255$810$512$317$180
37 years$1,819$1,192$759$471$288$160
38 years$1,751$1,133$710$434$261$143
39 years$1,687$1,077$666$401$236$127
40 years$1,627$1,025$624$369$214$113
41 years$1,570$976$585$341$195$100
42 years$1,515$929$549$315$176$89
43 years$1,463$885$515$290$160$79
44 years$1,414$844$483$268$145$71
45 years$1,367$805$454$248$132$63
46 years$1,322$768$426$229$120$56
47 years$1,279$733$400$211$109$50
48 years$1,238$699$376$195$99$44
49 years$1,199$668$354$180$90$39
50 years$1,162$638$333$167$82$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,190,000, adding $4,385 every year, while hoping to spend $43,647 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: 63/16/21 Blend
69$1,190,000$1,190,000$1,190,000$1,190,000
70$1,315,903$1,252,833$1,234,388$1,391,402
71$1,403,685$1,267,782$1,229,300$1,457,783
72$1,498,958$1,282,000$1,222,579$1,524,971
73$1,602,440$1,295,406$1,214,123$1,597,348
74$1,714,921$1,307,913$1,203,828$1,675,427
75$1,837,269$1,319,427$1,191,582$1,759,770
76$1,970,440$1,329,849$1,177,270$1,851,000
77$2,115,487$1,339,073$1,160,771$1,949,802
78$2,273,566$1,346,988$1,141,956$2,056,935
79$2,445,952$1,353,472$1,120,694$2,173,233
80$2,634,047$1,358,400$1,096,845$2,299,619
81$2,839,393$1,361,635$1,070,263$2,437,110
82$3,063,690$1,363,034$1,040,795$2,586,827
83$3,308,807$1,362,444$1,008,283$2,750,010
84$3,576,804$1,359,702$972,559$2,928,024
85$3,869,948$1,354,637$933,449$3,122,377
86$4,190,734$1,347,065$890,771$3,334,731
87$4,541,910$1,336,793$844,334$3,566,920
88$4,926,504$1,323,615$793,938$3,820,969
89$5,347,848$1,307,313$739,375$4,099,109
90$5,809,613$1,287,655$680,428$4,403,803
91$6,315,840$1,264,397$616,870$4,737,767
92$6,870,983$1,237,280$548,462$5,103,998
93$7,479,944$1,206,027$474,956$5,505,799
94$8,148,125$1,170,350$396,094$5,946,815
95$8,881,475$1,129,938$311,605$6,431,067
96$9,686,548$1,084,467$221,206$6,962,989
97$10,570,562$1,033,592$124,602$7,547,470
98$11,541,468$976,947$21,485$8,189,904
99$12,608,028$914,147$0$8,896,238
100$13,779,890$844,784$0$9,692,873