Can I retire at age 70 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$109,830$108,852$107,897$106,966$106,056$105,299
2 years$54,371$53,359$52,377$51,426$50,503$49,740
3 years$35,888$34,871$33,892$32,949$32,041$31,295
4 years$26,647$25,634$24,664$23,738$22,852$22,129
5 years$21,105$20,097$19,141$18,233$17,372$16,674
6 years$17,411$16,411$15,468$14,581$13,746$13,074
7 years$14,773$13,782$12,854$11,988$11,179$10,534
8 years$12,796$11,813$10,902$10,056$9,274$8,655
9 years$11,259$10,286$9,389$8,566$7,810$7,218
10 years$10,030$9,066$8,186$7,384$6,655$6,088
11 years$9,026$8,071$7,207$6,426$5,723$5,182
12 years$8,189$7,244$6,396$5,637$4,960$4,444
13 years$7,481$6,547$5,714$4,976$4,325$3,833
14 years$6,876$5,951$5,134$4,417$3,791$3,323
15 years$6,351$5,436$4,636$3,939$3,338$2,894
16 years$5,892$4,988$4,203$3,527$2,950$2,528
17 years$5,488$4,593$3,824$3,169$2,616$2,216
18 years$5,129$4,244$3,491$2,856$2,326$1,947
19 years$4,809$3,934$3,196$2,581$2,073$1,715
20 years$4,520$3,655$2,933$2,337$1,852$1,513
21 years$4,260$3,405$2,698$2,121$1,657$1,337
22 years$4,023$3,178$2,487$1,929$1,485$1,184
23 years$3,808$2,973$2,296$1,757$1,333$1,049
24 years$3,610$2,785$2,123$1,602$1,198$931
25 years$3,429$2,614$1,967$1,463$1,078$827
26 years$3,262$2,457$1,824$1,338$971$735
27 years$3,107$2,312$1,694$1,225$876$654
28 years$2,964$2,178$1,574$1,122$790$582
29 years$2,831$2,055$1,465$1,029$714$519
30 years$2,707$1,941$1,365$944$645$462
31 years$2,592$1,835$1,272$867$583$412
32 years$2,483$1,736$1,187$797$527$368
33 years$2,382$1,644$1,108$733$477$328
34 years$2,287$1,558$1,036$674$432$293
35 years$2,197$1,478$968$621$391$262
36 years$2,112$1,403$906$572$355$234
37 years$2,033$1,332$848$527$321$209
38 years$1,957$1,266$794$486$291$187
39 years$1,886$1,204$744$448$264$167
40 years$1,818$1,146$697$413$240$149
41 years$1,754$1,090$654$381$217$133
42 years$1,693$1,038$613$352$197$119
43 years$1,635$989$575$325$179$107
44 years$1,580$943$540$300$163$95
45 years$1,528$899$507$277$148$85
46 years$1,478$858$476$256$134$76
47 years$1,430$819$448$236$122$68
48 years$1,384$782$421$218$110$61
49 years$1,340$746$395$202$100$55
50 years$1,299$713$372$186$91$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,330,000, adding $6,740 every year, while hoping to spend $34,278 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: 41/45/14 Blend
69$1,330,000$1,330,000$1,330,000$1,330,000
70$1,472,612$1,402,122$1,381,507$1,526,641
71$1,586,347$1,434,355$1,391,316$1,597,641
72$1,710,534$1,467,018$1,400,305$1,670,549
73$1,846,203$1,500,096$1,408,410$1,748,715
74$1,994,488$1,533,573$1,415,564$1,832,635
75$2,156,637$1,567,430$1,421,696$1,922,853
76$2,334,025$1,601,644$1,426,734$2,019,970
77$2,528,165$1,636,194$1,430,599$2,124,646
78$2,740,723$1,671,053$1,433,209$2,237,612
79$2,973,535$1,706,193$1,434,480$2,359,670
80$3,228,621$1,741,582$1,434,320$2,491,706
81$3,508,207$1,777,186$1,432,637$2,634,697
82$3,814,744$1,812,968$1,429,330$2,789,716
83$4,150,933$1,848,888$1,424,297$2,957,951
84$4,519,745$1,884,901$1,417,429$3,140,709
85$4,924,457$1,920,959$1,408,611$3,339,429
86$5,368,677$1,957,011$1,397,724$3,555,701
87$5,856,377$1,992,999$1,384,643$3,791,274
88$6,391,935$2,028,864$1,369,236$4,048,081
89$6,980,175$2,064,541$1,351,367$4,328,248
90$7,626,406$2,099,957$1,330,892$4,634,122
91$8,336,483$2,135,038$1,307,660$4,968,289
92$9,116,851$2,169,702$1,281,513$5,333,601
93$9,974,613$2,203,860$1,252,287$5,733,202
94$10,917,594$2,237,420$1,219,809$6,170,558
95$11,954,414$2,270,279$1,183,899$6,649,490
96$13,094,572$2,302,330$1,144,367$7,174,212
97$14,348,531$2,333,457$1,101,016$7,749,368
98$15,727,820$2,363,536$1,053,639$8,380,079
99$17,245,144$2,392,435$1,002,022$9,071,991
100$18,914,496$2,420,012$945,937$9,831,328