Can I retire at age 70 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$104,050$103,123$102,219$101,336$100,474$97,414
2 years$51,510$50,550$49,621$48,719$47,845$44,788
3 years$33,999$33,035$32,108$31,215$30,355$27,397
4 years$25,245$24,284$23,366$22,489$21,649$18,814
5 years$19,994$19,039$18,133$17,273$16,457$13,751
6 years$16,495$15,547$14,654$13,814$13,022$10,448
7 years$13,996$13,056$12,178$11,357$10,591$8,148
8 years$12,123$11,192$10,328$9,527$8,786$6,474
9 years$10,667$9,744$8,895$8,115$7,399$5,215
10 years$9,502$8,589$7,755$6,995$6,304$4,245
11 years$8,551$7,646$6,827$6,088$5,422$3,483
12 years$7,758$6,863$6,059$5,340$4,699$2,877
13 years$7,088$6,202$5,414$4,714$4,097$2,388
14 years$6,514$5,638$4,864$4,185$3,592$1,991
15 years$6,017$5,150$4,392$3,732$3,162$1,666
16 years$5,582$4,725$3,982$3,342$2,795$1,397
17 years$5,199$4,352$3,623$3,003$2,478$1,175
18 years$4,859$4,021$3,307$2,706$2,203$990
19 years$4,555$3,727$3,028$2,445$1,964$835
20 years$4,282$3,463$2,779$2,214$1,754$706
21 years$4,036$3,226$2,556$2,010$1,570$597
22 years$3,811$3,011$2,356$1,827$1,407$505
23 years$3,607$2,816$2,175$1,664$1,263$428
24 years$3,420$2,639$2,012$1,518$1,135$363
25 years$3,248$2,476$1,863$1,386$1,022$308
26 years$3,090$2,327$1,728$1,267$920$261
27 years$2,944$2,190$1,605$1,160$830$222
28 years$2,808$2,064$1,492$1,063$749$189
29 years$2,682$1,947$1,388$975$676$160
30 years$2,565$1,839$1,293$895$611$136
31 years$2,455$1,738$1,205$822$552$116
32 years$2,353$1,645$1,125$755$500$98
33 years$2,256$1,558$1,050$694$452$84
34 years$2,166$1,476$981$639$409$71
35 years$2,081$1,400$917$588$371$61
36 years$2,001$1,329$858$542$336$51
37 years$1,926$1,262$803$499$304$44
38 years$1,854$1,200$752$460$276$37
39 years$1,787$1,141$705$424$250$32
40 years$1,723$1,085$660$391$227$27
41 years$1,662$1,033$619$361$206$23
42 years$1,604$984$581$333$187$20
43 years$1,549$937$545$307$170$17
44 years$1,497$894$512$284$154$14
45 years$1,447$852$480$262$140$12
46 years$1,400$813$451$242$127$10
47 years$1,355$776$424$224$115$9
48 years$1,311$740$398$207$105$7
49 years$1,270$707$374$191$95$6
50 years$1,230$675$352$177$86$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,260,000, adding $6,528 every year, while hoping to spend $26,825 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: 76/9/15 Blend
69$1,260,000$1,260,000$1,260,000$1,260,000
70$1,395,254$1,328,474$1,308,944$1,496,307
71$1,509,028$1,365,027$1,324,252$1,600,487
72$1,633,508$1,402,473$1,339,173$1,710,669
73$1,769,758$1,440,826$1,353,668$1,830,729
74$1,918,949$1,480,102$1,367,691$1,961,644
75$2,082,370$1,520,316$1,381,197$2,104,489
76$2,261,443$1,561,482$1,394,138$2,260,447
77$2,457,731$1,603,615$1,406,463$2,430,822
78$2,672,957$1,646,731$1,418,117$2,617,050
79$2,909,020$1,690,841$1,429,045$2,820,713
80$3,168,009$1,735,961$1,439,187$3,043,554
81$3,452,226$1,782,104$1,448,480$3,287,491
82$3,764,207$1,829,281$1,456,858$3,554,641
83$4,106,746$1,877,505$1,464,253$3,847,334
84$4,482,919$1,926,788$1,470,590$4,168,135
85$4,896,116$1,977,141$1,475,795$4,519,874
86$5,350,072$2,028,572$1,479,786$4,905,666
87$5,848,900$2,081,093$1,482,479$5,328,944
88$6,397,131$2,134,710$1,483,785$5,793,492
89$6,999,758$2,189,431$1,483,612$6,303,476
90$7,662,283$2,245,262$1,481,862$6,863,490
91$8,390,764$2,302,208$1,478,433$7,478,593
92$9,191,879$2,360,273$1,473,217$8,154,361
93$10,072,982$2,419,458$1,466,102$8,896,938
94$11,042,180$2,479,765$1,456,970$9,713,093
95$12,108,401$2,541,192$1,445,697$10,610,285
96$13,281,484$2,603,737$1,432,154$11,596,736
97$14,572,269$2,667,394$1,416,205$12,681,501
98$15,992,701$2,732,156$1,397,708$13,874,563
99$17,555,939$2,798,015$1,376,514$15,186,919
100$19,276,486$2,864,958$1,352,468$16,630,690