Can I retire at age 70 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$110,656$109,670$108,709$107,770$106,853$103,268
2 years$54,780$53,760$52,771$51,813$50,883$47,305
3 years$36,157$35,133$34,146$33,197$32,282$28,826
4 years$26,848$25,826$24,850$23,916$23,024$19,715
5 years$21,263$20,248$19,285$18,370$17,502$14,349
6 years$17,542$16,534$15,585$14,691$13,849$10,855
7 years$14,885$13,885$12,951$12,078$11,263$8,427
8 years$12,893$11,902$10,983$10,132$9,344$6,664
9 years$11,344$10,363$9,460$8,630$7,869$5,341
10 years$10,106$9,135$8,248$7,439$6,705$4,326
11 years$9,093$8,132$7,261$6,474$5,766$3,532
12 years$8,250$7,299$6,444$5,679$4,997$2,902
13 years$7,538$6,596$5,757$5,014$4,357$2,396
14 years$6,927$5,996$5,173$4,451$3,820$1,986
15 years$6,399$5,477$4,670$3,969$3,363$1,652
16 years$5,937$5,025$4,234$3,554$2,972$1,378
17 years$5,529$4,628$3,853$3,193$2,635$1,152
18 years$5,168$4,276$3,517$2,878$2,343$965
19 years$4,845$3,963$3,220$2,600$2,089$809
20 years$4,554$3,683$2,955$2,355$1,866$679
21 years$4,292$3,430$2,718$2,137$1,670$571
22 years$4,053$3,202$2,505$1,943$1,496$480
23 years$3,836$2,995$2,313$1,770$1,343$405
24 years$3,637$2,806$2,139$1,614$1,207$341
25 years$3,455$2,633$1,981$1,474$1,086$287
26 years$3,286$2,475$1,838$1,348$979$242
27 years$3,131$2,329$1,706$1,234$882$204
28 years$2,987$2,195$1,586$1,130$796$173
29 years$2,853$2,071$1,476$1,037$719$146
30 years$2,728$1,955$1,375$951$650$123
31 years$2,611$1,849$1,282$874$587$104
32 years$2,502$1,749$1,196$803$531$88
33 years$2,400$1,656$1,117$738$481$74
34 years$2,304$1,570$1,043$679$435$63
35 years$2,213$1,489$976$625$394$53
36 years$2,128$1,413$913$576$357$45
37 years$2,048$1,342$854$531$324$38
38 years$1,972$1,276$800$489$294$32
39 years$1,900$1,213$749$451$266$27
40 years$1,832$1,154$702$416$241$23
41 years$1,767$1,099$659$384$219$19
42 years$1,706$1,046$618$354$199$16
43 years$1,648$997$580$327$180$14
44 years$1,592$950$544$302$164$12
45 years$1,539$906$511$279$149$10
46 years$1,489$864$480$258$135$8
47 years$1,441$825$451$238$123$7
48 years$1,394$788$424$220$111$6
49 years$1,350$752$398$203$101$5
50 years$1,308$718$374$188$92$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,340,000, adding $2,169 every year, while hoping to spend $25,991 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: 48/23/29 Blend
69$1,340,000$1,340,000$1,340,000$1,340,000
70$1,478,917$1,407,897$1,387,127$1,537,558
71$1,602,113$1,449,230$1,405,942$1,620,425
72$1,737,003$1,491,717$1,424,516$1,707,655
73$1,884,753$1,535,387$1,442,813$1,801,893
74$2,046,647$1,580,271$1,460,796$1,903,812
75$2,224,099$1,626,397$1,478,426$2,014,156
76$2,418,664$1,673,797$1,495,661$2,133,744
77$2,632,057$1,722,503$1,512,455$2,263,477
78$2,866,168$1,772,547$1,528,763$2,404,347
79$3,123,075$1,823,960$1,544,535$2,557,448
80$3,405,070$1,876,776$1,559,719$2,723,984
81$3,714,678$1,931,028$1,574,259$2,905,282
82$4,054,677$1,986,750$1,588,099$3,102,803
83$4,428,132$2,043,978$1,601,178$3,318,159
84$4,838,414$2,102,747$1,613,431$3,553,121
85$5,289,242$2,163,091$1,624,790$3,809,646
86$5,784,710$2,225,047$1,635,185$4,089,887
87$6,329,328$2,288,652$1,644,542$4,396,215
88$6,928,066$2,353,943$1,652,781$4,731,246
89$7,586,400$2,420,957$1,659,820$5,097,860
90$8,310,361$2,489,733$1,665,573$5,499,230
91$9,106,596$2,560,308$1,669,948$5,938,856
92$9,982,428$2,632,721$1,672,849$6,420,590
93$10,945,923$2,707,012$1,674,178$6,948,679
94$12,005,971$2,783,220$1,673,827$7,527,805
95$13,172,367$2,861,385$1,671,687$8,163,123
96$14,455,901$2,941,546$1,667,641$8,860,317
97$15,868,465$3,023,743$1,661,568$9,625,651
98$17,423,158$3,108,016$1,653,341$10,466,025
99$19,134,418$3,194,407$1,642,826$11,389,046
100$21,018,151$3,282,955$1,629,882$12,403,095