Can I retire at age 70 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$113,959$112,944$111,954$110,987$110,043$109,350
2 years$56,415$55,365$54,346$53,359$52,401$51,702
3 years$37,237$36,181$35,166$34,188$33,246$32,562
4 years$27,649$26,597$25,592$24,630$23,711$23,048
5 years$21,898$20,853$19,860$18,918$18,025$17,385
6 years$18,065$17,028$16,050$15,129$14,262$13,646
7 years$15,329$14,300$13,338$12,439$11,599$11,007
8 years$13,277$12,258$11,311$10,434$9,623$9,054
9 years$11,683$10,672$9,742$8,888$8,104$7,559
10 years$10,407$9,407$8,494$7,661$6,905$6,384
11 years$9,365$8,375$7,478$6,668$5,938$5,440
12 years$8,497$7,517$6,636$5,848$5,146$4,671
13 years$7,763$6,793$5,929$5,163$4,487$4,034
14 years$7,134$6,175$5,327$4,583$3,934$3,502
15 years$6,590$5,641$4,810$4,088$3,463$3,054
16 years$6,114$5,175$4,361$3,660$3,061$2,672
17 years$5,695$4,766$3,968$3,288$2,714$2,345
18 years$5,322$4,404$3,622$2,964$2,413$2,063
19 years$4,989$4,082$3,316$2,678$2,151$1,820
20 years$4,690$3,793$3,043$2,425$1,921$1,608
21 years$4,420$3,533$2,799$2,201$1,719$1,423
22 years$4,174$3,298$2,580$2,001$1,541$1,262
23 years$3,951$3,084$2,382$1,823$1,383$1,120
24 years$3,746$2,890$2,203$1,662$1,243$995
25 years$3,558$2,712$2,041$1,518$1,119$886
26 years$3,384$2,549$1,893$1,388$1,008$788
27 years$3,224$2,399$1,757$1,271$909$703
28 years$3,076$2,260$1,634$1,164$820$627
29 years$2,938$2,132$1,520$1,068$740$559
30 years$2,809$2,014$1,416$980$669$499
31 years$2,689$1,904$1,320$900$605$446
32 years$2,577$1,801$1,232$827$547$398
33 years$2,471$1,706$1,150$760$495$356
34 years$2,372$1,617$1,075$700$448$318
35 years$2,279$1,533$1,005$644$406$285
36 years$2,192$1,455$940$593$368$255
37 years$2,109$1,382$880$547$333$228
38 years$2,031$1,314$824$504$302$204
39 years$1,957$1,249$772$464$274$183
40 years$1,887$1,189$723$428$249$164
41 years$1,820$1,131$678$395$226$147
42 years$1,757$1,078$636$365$205$131
43 years$1,697$1,027$597$337$186$118
44 years$1,640$979$560$311$169$105
45 years$1,585$933$526$287$153$94
46 years$1,533$890$494$265$139$85
47 years$1,484$850$464$245$126$76
48 years$1,436$811$436$226$115$68
49 years$1,391$774$410$209$104$61
50 years$1,347$740$386$193$95$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,380,000, adding $4,749 every year, while hoping to spend $50,641 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: 72/16/12 Blend
69$1,380,000$1,380,000$1,380,000$1,380,000
70$1,525,659$1,452,519$1,431,129$1,631,380
71$1,627,394$1,469,810$1,425,190$1,719,281
72$1,737,809$1,486,252$1,417,355$1,808,821
73$1,857,736$1,501,749$1,407,506$1,905,505
74$1,988,090$1,516,199$1,395,522$2,010,026
75$2,129,877$1,529,495$1,381,274$2,123,149
76$2,284,205$1,541,520$1,364,627$2,245,716
77$2,452,292$1,552,153$1,345,440$2,378,657
78$2,635,479$1,561,262$1,323,567$2,522,996
79$2,835,243$1,568,709$1,298,851$2,679,861
80$3,053,208$1,574,346$1,271,132$2,850,497
81$3,291,161$1,578,015$1,240,241$3,036,275
82$3,551,071$1,579,549$1,206,001$3,238,707
83$3,835,105$1,578,771$1,168,227$3,459,459
84$4,145,648$1,575,493$1,126,724$3,700,368
85$4,485,325$1,569,514$1,081,291$3,963,461
86$4,857,030$1,560,622$1,031,716$4,250,969
87$5,263,946$1,548,591$977,777$4,565,354
88$5,709,580$1,533,183$919,244$4,909,330
89$6,197,793$1,514,145$855,874$5,285,888
90$6,732,837$1,491,207$787,415$5,698,327
91$7,319,396$1,464,086$713,604$6,150,281
92$7,962,628$1,432,480$634,163$6,645,759
93$8,668,214$1,396,070$548,806$7,189,180
94$9,442,413$1,354,518$457,231$7,785,416
95$10,292,115$1,307,466$359,125$8,439,835
96$11,224,915$1,254,536$254,160$9,158,359
97$12,249,175$1,195,326$141,993$9,947,513
98$13,374,108$1,129,414$22,266$10,814,493
99$14,609,863$1,056,351$0$11,767,230
100$15,967,620$975,664$0$12,827,975