Can I retire at age 70 with 1,250,000?

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 $1,250,000?

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$103,224$102,304$101,407$100,532$99,677$96,874
2 years$51,101$50,149$49,227$48,333$47,465$44,663
3 years$33,729$32,773$31,853$30,967$30,114$27,400
4 years$25,045$24,092$23,181$22,310$21,477$18,873
5 years$19,835$18,888$17,989$17,136$16,327$13,838
6 years$16,364$15,424$14,538$13,704$12,919$10,549
7 years$13,885$12,953$12,081$11,267$10,506$8,255
8 years$12,027$11,103$10,246$9,451$8,716$6,582
9 years$10,582$9,667$8,825$8,051$7,340$5,321
10 years$9,427$8,521$7,694$6,940$6,254$4,347
11 years$8,483$7,586$6,773$6,040$5,379$3,581
12 years$7,696$6,809$6,011$5,298$4,661$2,970
13 years$7,031$6,153$5,371$4,677$4,065$2,475
14 years$6,462$5,593$4,825$4,152$3,563$2,072
15 years$5,969$5,109$4,357$3,703$3,137$1,741
16 years$5,538$4,688$3,950$3,315$2,773$1,467
17 years$5,158$4,317$3,594$2,979$2,458$1,239
18 years$4,821$3,989$3,281$2,684$2,186$1,048
19 years$4,519$3,697$3,004$2,426$1,948$888
20 years$4,248$3,436$2,757$2,197$1,740$754
21 years$4,004$3,200$2,536$1,994$1,557$641
22 years$3,781$2,987$2,337$1,813$1,396$545
23 years$3,579$2,794$2,158$1,651$1,253$464
24 years$3,393$2,618$1,996$1,506$1,126$395
25 years$3,223$2,457$1,848$1,375$1,014$337
26 years$3,066$2,309$1,714$1,257$913$287
27 years$2,921$2,173$1,592$1,151$823$245
28 years$2,786$2,047$1,480$1,054$743$209
29 years$2,661$1,931$1,377$967$671$179
30 years$2,544$1,824$1,283$887$606$153
31 years$2,436$1,724$1,196$815$548$130
32 years$2,334$1,632$1,116$749$496$111
33 years$2,239$1,545$1,042$689$448$95
34 years$2,149$1,464$973$634$406$81
35 years$2,065$1,389$910$583$368$70
36 years$1,985$1,318$851$537$333$59
37 years$1,910$1,252$797$495$302$51
38 years$1,840$1,190$746$456$274$43
39 years$1,772$1,132$699$421$248$37
40 years$1,709$1,077$655$388$225$32
41 years$1,649$1,025$614$358$204$27
42 years$1,591$976$576$330$185$23
43 years$1,537$930$541$305$168$20
44 years$1,485$886$508$282$153$17
45 years$1,436$845$477$260$139$15
46 years$1,389$806$448$240$126$12
47 years$1,344$770$421$222$114$11
48 years$1,301$735$395$205$104$9
49 years$1,260$702$372$190$94$8
50 years$1,220$670$349$175$86$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,250,000, adding $5,521 every year, while hoping to spend $26,553 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: 28/42/30 Blend
69$1,250,000$1,250,000$1,250,000$1,250,000
70$1,383,195$1,316,945$1,297,570$1,408,993
71$1,496,029$1,353,223$1,312,786$1,466,519
72$1,619,481$1,390,389$1,327,623$1,525,639
73$1,754,608$1,428,458$1,342,038$1,588,630
74$1,902,571$1,467,445$1,355,989$1,655,844
75$2,064,650$1,507,366$1,369,431$1,727,669
76$2,242,253$1,548,236$1,382,316$1,804,531
77$2,436,932$1,590,069$1,394,593$1,886,900
78$2,650,397$1,632,880$1,406,209$1,975,294
79$2,884,530$1,676,683$1,417,109$2,070,281
80$3,141,403$1,721,492$1,427,234$2,172,491
81$3,423,301$1,767,320$1,436,521$2,282,613
82$3,732,739$1,814,180$1,444,906$2,401,410
83$4,072,488$1,862,084$1,452,319$2,529,722
84$4,445,600$1,911,045$1,458,691$2,668,472
85$4,855,438$1,961,072$1,463,943$2,818,680
86$5,305,705$2,012,178$1,467,998$2,981,469
87$5,800,482$2,064,370$1,470,771$3,158,076
88$6,344,265$2,117,658$1,472,176$3,349,865
89$6,942,006$2,172,049$1,472,120$3,558,340
90$7,599,162$2,227,550$1,470,507$3,785,156
91$8,321,743$2,284,166$1,467,235$4,032,141
92$9,116,372$2,341,902$1,462,199$4,301,305
93$9,990,347$2,400,760$1,455,287$4,594,869
94$10,951,706$2,460,741$1,446,384$4,915,276
95$12,009,308$2,521,846$1,435,365$5,265,222
96$13,172,912$2,584,071$1,422,104$5,647,678
97$14,453,271$2,647,412$1,406,467$6,065,919
98$15,862,233$2,711,864$1,388,313$6,523,554
99$17,412,854$2,777,418$1,367,494$7,024,562
100$19,119,517$2,844,064$1,343,857$7,573,329