Can I retire at age 70 with 1,280,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$105,701$104,760$103,841$102,944$102,069$99,682
2 years$52,327$51,353$50,408$49,493$48,604$46,213
3 years$34,538$33,560$32,618$31,710$30,837$28,516
4 years$25,646$24,670$23,737$22,846$21,993$19,761
5 years$20,311$19,341$18,421$17,548$16,719$14,581
6 years$16,756$15,794$14,887$14,033$13,229$11,188
7 years$14,218$13,264$12,371$11,537$10,759$8,815
8 years$12,315$11,369$10,492$9,678$8,925$7,078
9 years$10,836$9,899$9,036$8,244$7,516$5,764
10 years$9,653$8,726$7,878$7,106$6,404$4,744
11 years$8,686$7,768$6,936$6,185$5,508$3,939
12 years$7,881$6,972$6,155$5,425$4,773$3,292
13 years$7,200$6,301$5,499$4,789$4,162$2,766
14 years$6,617$5,727$4,941$4,251$3,649$2,335
15 years$6,112$5,232$4,461$3,791$3,212$1,978
16 years$5,671$4,800$4,045$3,395$2,839$1,681
17 years$5,282$4,421$3,681$3,050$2,517$1,432
18 years$4,936$4,085$3,360$2,749$2,238$1,222
19 years$4,628$3,786$3,076$2,484$1,995$1,045
20 years$4,350$3,518$2,823$2,250$1,782$895
21 years$4,100$3,277$2,596$2,042$1,595$768
22 years$3,872$3,059$2,393$1,856$1,429$659
23 years$3,664$2,861$2,210$1,691$1,283$567
24 years$3,475$2,680$2,043$1,542$1,153$487
25 years$3,300$2,515$1,893$1,408$1,038$419
26 years$3,139$2,364$1,755$1,288$935$361
27 years$2,991$2,225$1,630$1,179$843$311
28 years$2,853$2,097$1,515$1,080$761$268
29 years$2,725$1,978$1,410$990$687$231
30 years$2,606$1,868$1,313$909$621$200
31 years$2,494$1,766$1,225$835$561$172
32 years$2,390$1,671$1,142$767$507$149
33 years$2,292$1,582$1,067$705$459$128
34 years$2,201$1,500$997$649$416$111
35 years$2,114$1,422$932$597$377$96
36 years$2,033$1,350$872$550$341$83
37 years$1,956$1,282$816$507$309$71
38 years$1,884$1,219$764$467$280$62
39 years$1,815$1,159$716$431$254$53
40 years$1,750$1,102$671$397$231$46
41 years$1,688$1,049$629$367$209$40
42 years$1,630$999$590$338$190$34
43 years$1,574$952$554$312$172$30
44 years$1,521$908$520$288$156$26
45 years$1,470$866$488$266$142$22
46 years$1,422$826$458$246$129$19
47 years$1,376$788$431$227$117$17
48 years$1,332$752$405$210$106$14
49 years$1,290$718$380$194$97$12
50 years$1,250$686$358$179$88$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,280,000, adding $4,688 every year, while hoping to spend $25,365 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: 44/38/18 Blend
69$1,280,000$1,280,000$1,280,000$1,280,000
70$1,415,396$1,347,556$1,327,716$1,470,118
71$1,532,778$1,386,598$1,345,206$1,548,064
72$1,661,283$1,426,703$1,362,432$1,629,624
73$1,802,019$1,467,896$1,379,358$1,717,494
74$1,956,205$1,510,203$1,395,947$1,812,269
75$2,125,185$1,553,650$1,412,159$1,914,604
76$2,310,439$1,598,264$1,427,951$2,025,218
77$2,513,595$1,644,071$1,443,279$2,144,905
78$2,736,450$1,691,099$1,458,097$2,274,537
79$2,980,980$1,739,374$1,472,355$2,415,074
80$3,249,362$1,788,926$1,486,002$2,567,574
81$3,543,996$1,839,782$1,498,981$2,733,201
82$3,867,523$1,891,971$1,511,236$2,913,236
83$4,222,853$1,945,521$1,522,706$3,109,092
84$4,613,195$2,000,461$1,533,327$3,322,323
85$5,042,078$2,056,821$1,543,031$3,554,640
86$5,513,396$2,114,631$1,551,748$3,807,929
87$6,031,434$2,173,920$1,559,403$4,084,267
88$6,600,915$2,234,717$1,565,919$4,385,942
89$7,227,044$2,297,053$1,571,212$4,715,472
90$7,915,551$2,360,958$1,575,197$5,075,634
91$8,672,754$2,426,462$1,577,783$5,469,486
92$9,505,611$2,493,595$1,578,875$5,900,395
93$10,421,789$2,562,386$1,578,372$6,372,073
94$11,429,735$2,632,867$1,576,171$6,888,608
95$12,538,757$2,705,066$1,572,162$7,454,505
96$13,759,109$2,779,014$1,566,228$8,074,727
97$15,102,092$2,854,738$1,558,250$8,754,742
98$16,580,154$2,932,270$1,548,101$9,500,575
99$18,207,015$3,011,636$1,535,647$10,318,864
100$19,997,790$3,092,865$1,520,751$11,216,924