Can I retire at age 70 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$108,179$107,215$106,275$105,357$104,461$103,156
2 years$53,554$52,556$51,590$50,653$49,743$48,430
3 years$35,348$34,346$33,382$32,454$31,559$30,279
4 years$26,247$25,248$24,294$23,381$22,508$21,270
5 years$20,787$19,795$18,853$17,959$17,110$15,918
6 years$17,149$16,164$15,236$14,362$13,539$12,395
7 years$14,551$13,574$12,661$11,808$11,011$9,914
8 years$12,604$11,636$10,738$9,905$9,135$8,086
9 years$11,090$10,131$9,248$8,437$7,693$6,692
10 years$9,880$8,930$8,063$7,273$6,554$5,600
11 years$8,890$7,950$7,098$6,329$5,637$4,729
12 years$8,066$7,135$6,300$5,552$4,885$4,022
13 years$7,369$6,448$5,628$4,901$4,260$3,440
14 years$6,772$5,861$5,057$4,351$3,734$2,957
15 years$6,255$5,354$4,566$3,880$3,288$2,552
16 years$5,804$4,913$4,140$3,474$2,906$2,210
17 years$5,406$4,524$3,767$3,122$2,576$1,920
18 years$5,052$4,181$3,439$2,813$2,291$1,671
19 years$4,736$3,875$3,148$2,542$2,042$1,458
20 years$4,452$3,600$2,889$2,302$1,824$1,274
21 years$4,196$3,354$2,657$2,089$1,632$1,116
22 years$3,963$3,131$2,449$1,900$1,463$978
23 years$3,750$2,928$2,261$1,730$1,313$858
24 years$3,556$2,743$2,091$1,578$1,180$754
25 years$3,377$2,574$1,937$1,441$1,062$663
26 years$3,213$2,420$1,797$1,318$957$583
27 years$3,061$2,277$1,668$1,206$863$514
28 years$2,920$2,146$1,551$1,105$778$453
29 years$2,789$2,024$1,443$1,013$703$399
30 years$2,667$1,912$1,344$930$635$352
31 years$2,553$1,807$1,253$854$574$310
32 years$2,446$1,710$1,169$785$519$274
33 years$2,346$1,619$1,092$722$470$242
34 years$2,252$1,535$1,020$664$426$214
35 years$2,164$1,456$954$611$385$189
36 years$2,081$1,382$892$563$349$167
37 years$2,002$1,312$835$519$317$147
38 years$1,928$1,247$782$478$287$130
39 years$1,858$1,186$733$441$260$115
40 years$1,791$1,128$687$407$236$102
41 years$1,728$1,074$644$375$214$90
42 years$1,668$1,023$604$346$194$80
43 years$1,611$975$567$320$176$70
44 years$1,556$929$532$295$160$62
45 years$1,505$886$500$273$145$55
46 years$1,455$845$469$252$132$49
47 years$1,408$806$441$233$120$43
48 years$1,363$770$414$215$109$38
49 years$1,320$735$389$199$99$34
50 years$1,279$702$366$184$90$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,310,000, adding $4,693 every year, while hoping to spend $50,407 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: 35/40/25 Blend
69$1,310,000$1,310,000$1,310,000$1,310,000
70$1,448,461$1,379,031$1,358,726$1,488,065
71$1,542,571$1,392,971$1,350,610$1,531,839
72$1,644,591$1,405,904$1,340,534$1,574,119
73$1,755,275$1,417,729$1,328,377$1,618,742
74$1,875,451$1,428,335$1,314,015$1,665,948
75$2,006,030$1,437,607$1,297,318$1,716,007
76$2,148,016$1,445,421$1,278,150$1,769,218
77$2,302,512$1,451,645$1,256,366$1,825,916
78$2,470,732$1,456,139$1,231,817$1,886,471
79$2,654,010$1,458,754$1,204,347$1,951,295
80$2,853,819$1,459,331$1,173,792$2,020,846
81$3,071,774$1,457,704$1,139,980$2,095,635
82$3,309,656$1,453,694$1,102,731$2,176,226
83$3,569,427$1,447,110$1,061,858$2,263,248
84$3,853,243$1,437,753$1,017,165$2,357,398
85$4,163,480$1,425,409$968,446$2,459,450
86$4,502,753$1,409,852$915,487$2,570,262
87$4,873,941$1,390,843$858,063$2,690,788
88$5,280,216$1,368,127$795,941$2,822,083
89$5,725,069$1,341,436$728,876$2,965,317
90$6,212,344$1,310,484$656,612$3,121,789
91$6,746,276$1,274,971$578,881$3,292,935
92$7,331,528$1,234,576$495,405$3,480,349
93$7,973,235$1,188,961$405,892$3,685,793
94$8,677,053$1,137,769$310,038$3,911,222
95$9,449,213$1,080,620$207,525$4,158,798
96$10,296,577$1,017,115$98,021$4,430,913
97$11,226,704$946,830$0$4,730,216
98$12,247,920$869,316$0$5,064,663
99$13,369,397$784,102$0$5,460,701
100$14,601,239$690,686$0$5,895,841