Can I retire at age 70 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$107,353$106,397$105,464$104,553$103,664$100,265
2 years$53,145$52,155$51,196$50,266$49,364$45,972
3 years$35,078$34,084$33,127$32,206$31,318$28,040
4 years$26,046$25,055$24,108$23,202$22,337$19,197
5 years$20,629$19,644$18,709$17,822$16,980$13,987
6 years$17,018$16,041$15,120$14,252$13,436$10,592
7 years$14,440$13,471$12,564$11,718$10,927$8,233
8 years$12,508$11,547$10,656$9,830$9,065$6,518
9 years$11,005$10,054$9,178$8,373$7,634$5,231
10 years$9,804$8,862$8,001$7,217$6,504$4,242
11 years$8,822$7,889$7,044$6,281$5,594$3,468
12 years$8,004$7,081$6,252$5,509$4,848$2,853
13 years$7,313$6,399$5,585$4,864$4,227$2,359
14 years$6,720$5,817$5,018$4,318$3,706$1,958
15 years$6,208$5,314$4,531$3,851$3,263$1,631
16 years$5,759$4,875$4,108$3,448$2,884$1,362
17 years$5,364$4,490$3,738$3,098$2,557$1,140
18 years$5,014$4,149$3,412$2,792$2,273$956
19 years$4,700$3,845$3,124$2,523$2,026$803
20 years$4,418$3,573$2,867$2,285$1,810$676
21 years$4,164$3,328$2,637$2,074$1,620$569
22 years$3,932$3,107$2,430$1,885$1,452$479
23 years$3,722$2,906$2,244$1,717$1,303$404
24 years$3,529$2,722$2,075$1,566$1,171$341
25 years$3,352$2,555$1,922$1,430$1,054$288
26 years$3,188$2,401$1,783$1,308$949$243
27 years$3,037$2,260$1,655$1,197$856$206
28 years$2,897$2,129$1,539$1,097$772$174
29 years$2,767$2,009$1,432$1,006$697$147
30 years$2,646$1,897$1,334$923$630$124
31 years$2,533$1,793$1,244$848$570$105
32 years$2,427$1,697$1,160$779$515$89
33 years$2,328$1,607$1,083$716$466$75
34 years$2,235$1,523$1,012$659$422$64
35 years$2,147$1,445$946$607$382$54
36 years$2,065$1,371$885$559$347$46
37 years$1,987$1,302$829$515$314$39
38 years$1,913$1,238$776$475$285$33
39 years$1,843$1,177$727$438$258$28
40 years$1,777$1,120$681$404$234$23
41 years$1,715$1,066$639$372$212$20
42 years$1,655$1,015$599$344$193$17
43 years$1,598$967$562$317$175$14
44 years$1,545$922$528$293$159$12
45 years$1,493$879$496$271$144$10
46 years$1,444$839$466$250$131$9
47 years$1,398$800$437$231$119$7
48 years$1,353$764$411$213$108$6
49 years$1,310$730$386$197$98$5
50 years$1,269$697$363$182$89$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,300,000, adding $6,489 every year, while hoping to spend $52,122 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: 51/34/15 Blend
69$1,300,000$1,300,000$1,300,000$1,300,000
70$1,439,293$1,370,393$1,350,243$1,506,504
71$1,530,644$1,382,085$1,340,019$1,565,011
72$1,629,565$1,392,603$1,327,705$1,622,578
73$1,736,775$1,401,834$1,313,177$1,684,005
74$1,853,061$1,409,659$1,296,304$1,749,672
75$1,979,291$1,415,951$1,276,948$1,820,000
76$2,116,419$1,420,572$1,254,966$1,895,455
77$2,265,494$1,423,381$1,230,207$1,976,552
78$2,427,670$1,424,222$1,202,515$2,063,861
79$2,604,218$1,422,935$1,171,725$2,158,012
80$2,796,535$1,419,345$1,137,665$2,259,702
81$3,006,159$1,413,270$1,100,154$2,369,703
82$3,234,782$1,404,516$1,059,004$2,488,868
83$3,484,268$1,392,875$1,014,019$2,618,140
84$3,756,667$1,378,130$964,992$2,758,561
85$4,054,236$1,360,047$911,709$2,911,284
86$4,379,461$1,338,382$853,943$3,077,583
87$4,735,076$1,312,873$791,461$3,258,867
88$5,124,095$1,283,246$724,016$3,456,692
89$5,549,835$1,249,206$651,353$3,672,779
90$6,015,947$1,210,446$573,202$3,909,029
91$6,526,453$1,166,638$489,284$4,167,542
92$7,085,783$1,117,435$399,306$4,450,638
93$7,698,813$1,062,470$302,964$4,760,881
94$8,370,917$1,001,355$199,938$5,101,103
95$9,108,010$933,681$89,895$5,474,431
96$9,916,609$859,014$0$5,884,319
97$10,803,893$776,895$0$6,338,990
98$11,777,766$686,839$0$6,853,889
99$12,846,939$588,335$0$7,419,325
100$14,021,004$480,841$0$8,040,496