Can I retire at age 70 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$99,095$98,212$97,351$96,510$95,690$95,246
2 years$49,057$48,143$47,258$46,399$45,567$45,119
3 years$32,380$31,462$30,579$29,728$28,909$28,472
4 years$24,043$23,128$22,254$21,418$20,618$20,194
5 years$19,042$18,133$17,270$16,451$15,674$15,263
6 years$15,709$14,807$13,956$13,156$12,402$12,007
7 years$13,329$12,435$11,598$10,816$10,086$9,706
8 years$11,546$10,659$9,836$9,073$8,367$8,002
9 years$10,159$9,280$8,472$7,729$7,047$6,696
10 years$9,050$8,180$7,386$6,662$6,004$5,669
11 years$8,143$7,282$6,502$5,798$5,164$4,843
12 years$7,388$6,536$5,771$5,086$4,475$4,168
13 years$6,750$5,907$5,156$4,490$3,902$3,610
14 years$6,204$5,369$4,632$3,986$3,421$3,142
15 years$5,730$4,905$4,182$3,554$3,012$2,746
16 years$5,316$4,500$3,792$3,183$2,662$2,409
17 years$4,952$4,144$3,451$2,860$2,360$2,120
18 years$4,628$3,830$3,150$2,577$2,098$1,871
19 years$4,339$3,549$2,884$2,329$1,870$1,655
20 years$4,078$3,298$2,646$2,109$1,671$1,467
21 years$3,843$3,072$2,434$1,914$1,495$1,302
22 years$3,630$2,868$2,244$1,740$1,340$1,158
23 years$3,435$2,682$2,071$1,585$1,203$1,031
24 years$3,257$2,513$1,916$1,446$1,081$919
25 years$3,094$2,358$1,774$1,320$973$820
26 years$2,943$2,216$1,646$1,207$876$732
27 years$2,804$2,086$1,528$1,105$790$655
28 years$2,675$1,966$1,421$1,012$713$586
29 years$2,555$1,854$1,322$928$644$524
30 years$2,443$1,751$1,231$852$582$469
31 years$2,338$1,655$1,148$782$526$421
32 years$2,241$1,566$1,071$719$476$377
33 years$2,149$1,483$1,000$661$431$338
34 years$2,063$1,406$934$608$390$304
35 years$1,982$1,333$874$560$353$272
36 years$1,906$1,266$817$516$320$245
37 years$1,834$1,202$765$475$290$220
38 years$1,766$1,142$716$438$263$197
39 years$1,702$1,086$671$404$238$177
40 years$1,641$1,034$629$373$216$159
41 years$1,583$984$590$344$196$143
42 years$1,528$937$553$317$178$129
43 years$1,476$893$519$293$162$116
44 years$1,426$851$487$270$147$104
45 years$1,378$811$458$250$133$94
46 years$1,333$774$430$231$121$84
47 years$1,290$739$404$213$110$76
48 years$1,249$705$379$197$100$68
49 years$1,209$673$357$182$91$61
50 years$1,172$643$335$168$82$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,200,000, adding $4,706 every year, while hoping to spend $39,839 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: 41/32/27 Blend
69$1,200,000$1,200,000$1,200,000$1,200,000
70$1,327,254$1,263,654$1,245,054$1,370,967
71$1,420,246$1,283,185$1,244,375$1,422,492
72$1,521,387$1,302,337$1,242,338$1,474,140
73$1,631,468$1,321,051$1,238,856$1,529,278
74$1,751,356$1,339,261$1,233,836$1,588,252
75$1,882,007$1,356,898$1,227,182$1,651,444
76$2,024,473$1,373,887$1,218,794$1,719,276
77$2,179,912$1,390,150$1,208,566$1,792,215
78$2,349,597$1,405,601$1,196,387$1,870,777
79$2,534,930$1,420,150$1,182,140$1,955,534
80$2,737,457$1,433,701$1,165,706$2,047,116
81$2,958,876$1,446,151$1,146,955$2,146,222
82$3,201,059$1,457,390$1,125,756$2,253,623
83$3,466,067$1,467,302$1,101,969$2,370,174
84$3,756,168$1,475,762$1,075,447$2,496,815
85$4,073,861$1,482,638$1,046,039$2,634,590
86$4,421,898$1,487,791$1,013,584$2,784,650
87$4,803,308$1,491,069$977,915$2,948,268
88$5,221,429$1,492,315$938,859$3,126,849
89$5,679,936$1,491,360$896,232$3,321,947
90$6,182,878$1,488,024$849,844$3,535,277
91$6,734,712$1,482,118$799,495$3,768,735
92$7,340,351$1,473,440$744,976$4,024,414
93$8,005,204$1,461,776$686,070$4,304,625
94$8,735,230$1,446,898$622,548$4,611,922
95$9,536,994$1,428,567$554,174$4,949,123
96$10,417,727$1,406,526$480,699$5,319,341
97$11,385,395$1,380,507$401,863$5,726,013
98$12,448,776$1,350,221$317,395$6,172,932
99$13,617,536$1,315,367$227,013$6,664,286
100$14,902,328$1,275,623$130,421$7,204,698