Can I retire at age 70 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$113,133$112,126$111,142$110,183$109,246$108,785
2 years$56,007$54,964$53,953$52,972$52,022$51,557
3 years$36,967$35,919$34,911$33,940$33,005$32,550
4 years$27,449$26,404$25,406$24,452$23,539$23,098
5 years$21,740$20,701$19,716$18,781$17,894$17,468
6 years$17,935$16,904$15,934$15,020$14,159$13,748
7 years$15,218$14,196$13,241$12,348$11,515$11,120
8 years$13,181$12,169$11,229$10,359$9,553$9,173
9 years$11,598$10,595$9,672$8,823$8,045$7,680
10 years$10,332$9,339$8,432$7,606$6,855$6,506
11 years$9,297$8,314$7,424$6,619$5,895$5,561
12 years$8,435$7,462$6,588$5,806$5,109$4,790
13 years$7,706$6,744$5,886$5,126$4,455$4,150
14 years$7,082$6,130$5,289$4,550$3,905$3,615
15 years$6,542$5,600$4,775$4,058$3,438$3,162
16 years$6,070$5,138$4,329$3,633$3,039$2,776
17 years$5,653$4,732$3,939$3,265$2,694$2,445
18 years$5,284$4,372$3,596$2,942$2,396$2,159
19 years$4,953$4,052$3,292$2,658$2,135$1,911
20 years$4,656$3,765$3,021$2,408$1,907$1,694
21 years$4,388$3,507$2,779$2,185$1,707$1,505
22 years$4,144$3,274$2,561$1,987$1,530$1,339
23 years$3,922$3,062$2,365$1,809$1,373$1,194
24 years$3,719$2,869$2,187$1,650$1,234$1,065
25 years$3,532$2,692$2,026$1,507$1,111$951
26 years$3,360$2,530$1,879$1,378$1,001$850
27 years$3,201$2,381$1,745$1,261$902$760
28 years$3,053$2,244$1,622$1,156$814$681
29 years$2,916$2,117$1,509$1,060$735$610
30 years$2,789$1,999$1,406$973$664$547
31 years$2,670$1,890$1,311$893$600$490
32 years$2,558$1,788$1,223$821$543$440
33 years$2,453$1,693$1,142$755$492$395
34 years$2,355$1,605$1,067$695$445$355
35 years$2,263$1,522$997$639$403$318
36 years$2,176$1,445$933$589$365$286
37 years$2,094$1,372$873$543$331$257
38 years$2,016$1,304$818$500$300$231
39 years$1,943$1,240$766$461$272$208
40 years$1,873$1,180$718$425$247$187
41 years$1,807$1,123$673$392$224$168
42 years$1,744$1,070$632$362$203$151
43 years$1,685$1,019$593$334$184$136
44 years$1,628$972$556$309$167$123
45 years$1,574$926$522$285$152$110
46 years$1,522$884$491$263$138$99
47 years$1,473$843$461$243$125$89
48 years$1,426$805$433$225$114$80
49 years$1,381$769$407$208$103$72
50 years$1,338$734$383$192$94$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,370,000, adding $6,423 every year, while hoping to spend $40,184 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: 63/10/27 Blend
69$1,370,000$1,370,000$1,370,000$1,370,000
70$1,516,365$1,443,755$1,422,520$1,600,631
71$1,628,279$1,471,744$1,427,419$1,686,493
72$1,750,261$1,499,757$1,431,136$1,775,261
73$1,883,297$1,527,754$1,433,587$1,871,352
74$2,028,468$1,555,689$1,434,688$1,975,488
75$2,186,969$1,583,515$1,434,347$2,088,469
76$2,360,113$1,611,180$1,432,471$2,211,173
77$2,549,345$1,638,628$1,428,958$2,344,571
78$2,756,256$1,665,799$1,423,706$2,489,733
79$2,982,598$1,692,627$1,416,605$2,647,837
80$3,230,301$1,719,044$1,407,540$2,820,184
81$3,501,490$1,744,975$1,396,390$3,008,208
82$3,798,504$1,770,341$1,383,031$3,213,489
83$4,123,918$1,795,054$1,367,329$3,437,770
84$4,480,571$1,819,025$1,349,148$3,682,974
85$4,871,586$1,842,155$1,328,342$3,951,218
86$5,300,406$1,864,339$1,304,759$4,244,840
87$5,770,822$1,885,465$1,278,243$4,566,415
88$6,287,007$1,905,415$1,248,625$4,918,783
89$6,853,562$1,924,060$1,215,734$5,305,075
90$7,475,551$1,941,265$1,179,387$5,728,744
91$8,158,555$1,956,885$1,139,395$6,193,596
92$8,908,722$1,970,766$1,095,559$6,703,826
93$9,732,823$1,982,745$1,047,671$7,264,062
94$10,638,317$1,992,646$995,514$7,879,403
95$11,633,423$2,000,283$938,862$8,555,473
96$12,727,195$2,005,460$877,476$9,298,471
97$13,929,607$2,007,965$811,110$10,115,230
98$15,251,649$2,007,578$739,504$11,013,284
99$16,705,427$2,004,059$662,388$12,000,940
100$18,304,282$1,997,159$579,479$13,087,352