Can I retire at age 70 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$104,875$103,941$103,030$102,140$101,272$98,984
2 years$51,919$50,952$50,014$49,106$48,225$45,932
3 years$34,269$33,297$32,363$31,463$30,596$28,370
4 years$25,445$24,477$23,552$22,667$21,821$19,679
5 years$20,153$19,190$18,277$17,410$16,588$14,536
6 years$16,625$15,670$14,771$13,923$13,126$11,166
7 years$14,107$13,160$12,274$11,447$10,675$8,807
8 years$12,219$11,281$10,410$9,603$8,856$7,080
9 years$10,751$9,822$8,966$8,179$7,458$5,772
10 years$9,578$8,657$7,817$7,051$6,354$4,757
11 years$8,618$7,707$6,882$6,136$5,465$3,954
12 years$7,819$6,918$6,107$5,382$4,736$3,309
13 years$7,144$6,251$5,456$4,752$4,130$2,785
14 years$6,565$5,682$4,903$4,218$3,620$2,354
15 years$6,064$5,191$4,426$3,762$3,187$1,997
16 years$5,627$4,763$4,013$3,368$2,817$1,699
17 years$5,241$4,386$3,652$3,026$2,498$1,449
18 years$4,898$4,053$3,334$2,727$2,221$1,239
19 years$4,592$3,756$3,052$2,464$1,980$1,061
20 years$4,316$3,491$2,801$2,232$1,768$911
21 years$4,068$3,251$2,576$2,026$1,582$782
22 years$3,842$3,035$2,374$1,842$1,418$673
23 years$3,636$2,839$2,192$1,677$1,273$579
24 years$3,447$2,660$2,028$1,530$1,144$499
25 years$3,274$2,496$1,878$1,397$1,030$430
26 years$3,115$2,346$1,742$1,277$928$371
27 years$2,967$2,208$1,617$1,169$836$320
28 years$2,831$2,080$1,503$1,071$755$276
29 years$2,704$1,962$1,399$982$681$239
30 years$2,585$1,853$1,303$902$616$206
31 years$2,475$1,752$1,215$828$557$178
32 years$2,371$1,658$1,134$761$503$154
33 years$2,274$1,570$1,058$700$456$133
34 years$2,183$1,488$989$644$413$115
35 years$2,098$1,411$925$593$374$100
36 years$2,017$1,339$865$546$339$86
37 years$1,941$1,272$810$503$307$75
38 years$1,869$1,209$758$464$278$65
39 years$1,801$1,150$710$427$252$56
40 years$1,736$1,094$666$394$229$48
41 years$1,675$1,041$624$364$208$42
42 years$1,617$992$586$336$188$36
43 years$1,562$945$549$310$171$31
44 years$1,509$901$516$286$155$27
45 years$1,459$859$484$264$141$23
46 years$1,411$819$455$244$128$20
47 years$1,365$782$427$226$116$18
48 years$1,322$746$402$208$105$15
49 years$1,280$713$377$193$96$13
50 years$1,240$681$355$178$87$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,270,000, adding $5,073 every year, while hoping to spend $34,025 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: 70/5/25 Blend
69$1,270,000$1,270,000$1,270,000$1,270,000
70$1,404,773$1,337,463$1,317,778$1,493,842
71$1,511,857$1,366,796$1,325,721$1,583,445
72$1,628,724$1,396,426$1,332,790$1,677,070
73$1,756,335$1,426,332$1,338,919$1,778,758
74$1,895,749$1,456,490$1,344,041$1,889,307
75$2,048,131$1,486,874$1,348,082$2,009,596
76$2,214,766$1,517,456$1,350,968$2,140,593
77$2,397,065$1,548,205$1,352,619$2,283,368
78$2,596,586$1,579,087$1,352,952$2,439,097
79$2,815,040$1,610,065$1,351,878$2,609,077
80$3,054,316$1,641,100$1,349,308$2,794,737
81$3,316,490$1,672,148$1,345,143$2,997,655
82$3,603,851$1,703,162$1,339,285$3,219,566
83$3,918,918$1,734,091$1,331,625$3,462,384
84$4,264,468$1,764,882$1,322,055$3,728,220
85$4,643,558$1,795,475$1,310,458$4,019,398
86$5,059,554$1,825,807$1,296,711$4,338,481
87$5,516,166$1,855,808$1,280,688$4,688,294
88$6,017,479$1,885,407$1,262,256$5,071,951
89$6,567,994$1,914,524$1,241,274$5,492,883
90$7,172,668$1,943,075$1,217,595$5,954,873
91$7,836,964$1,970,970$1,191,068$6,462,089
92$8,566,897$1,998,110$1,161,532$7,019,126
93$9,369,097$2,024,393$1,128,819$7,631,049
94$10,250,864$2,049,708$1,092,755$8,303,439
95$11,220,245$2,073,936$1,053,154$9,042,450
96$12,286,102$2,096,951$1,009,827$9,854,861
97$13,458,200$2,118,618$962,572$10,748,148
98$14,747,298$2,138,791$911,179$11,730,548
99$16,165,249$2,157,319$855,431$12,811,140
100$17,725,114$2,174,037$795,097$13,999,932