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%19.6%
1 years$113,959$112,944$111,954$110,987$110,043$105,802
2 years$56,415$55,365$54,346$53,359$52,401$48,180
3 years$37,237$36,181$35,166$34,188$33,246$29,175
4 years$27,649$26,597$25,592$24,630$23,711$19,824
5 years$21,898$20,853$19,860$18,918$18,025$14,330
6 years$18,065$17,028$16,050$15,129$14,262$10,763
7 years$15,329$14,300$13,338$12,439$11,599$8,294
8 years$13,277$12,258$11,311$10,434$9,623$6,508
9 years$11,683$10,672$9,742$8,888$8,104$5,175
10 years$10,407$9,407$8,494$7,661$6,905$4,157
11 years$9,365$8,375$7,478$6,668$5,938$3,365
12 years$8,497$7,517$6,636$5,848$5,146$2,741
13 years$7,763$6,793$5,929$5,163$4,487$2,243
14 years$7,134$6,175$5,327$4,583$3,934$1,843
15 years$6,590$5,641$4,810$4,088$3,463$1,519
16 years$6,114$5,175$4,361$3,660$3,061$1,255
17 years$5,695$4,766$3,968$3,288$2,714$1,039
18 years$5,322$4,404$3,622$2,964$2,413$862
19 years$4,989$4,082$3,316$2,678$2,151$715
20 years$4,690$3,793$3,043$2,425$1,921$595
21 years$4,420$3,533$2,799$2,201$1,719$495
22 years$4,174$3,298$2,580$2,001$1,541$412
23 years$3,951$3,084$2,382$1,823$1,383$344
24 years$3,746$2,890$2,203$1,662$1,243$287
25 years$3,558$2,712$2,041$1,518$1,119$239
26 years$3,384$2,549$1,893$1,388$1,008$199
27 years$3,224$2,399$1,757$1,271$909$167
28 years$3,076$2,260$1,634$1,164$820$139
29 years$2,938$2,132$1,520$1,068$740$116
30 years$2,809$2,014$1,416$980$669$97
31 years$2,689$1,904$1,320$900$605$81
32 years$2,577$1,801$1,232$827$547$68
33 years$2,471$1,706$1,150$760$495$57
34 years$2,372$1,617$1,075$700$448$47
35 years$2,279$1,533$1,005$644$406$40
36 years$2,192$1,455$940$593$368$33
37 years$2,109$1,382$880$547$333$28
38 years$2,031$1,314$824$504$302$23
39 years$1,957$1,249$772$464$274$19
40 years$1,887$1,189$723$428$249$16
41 years$1,820$1,131$678$395$226$13
42 years$1,757$1,078$636$365$205$11
43 years$1,697$1,027$597$337$186$9
44 years$1,640$979$560$311$169$8
45 years$1,585$933$526$287$153$7
46 years$1,533$890$494$265$139$6
47 years$1,484$850$464$245$126$5
48 years$1,436$811$436$226$115$4
49 years$1,391$774$410$209$104$3
50 years$1,347$740$386$193$95$3

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 $2,251 every year, while hoping to spend $22,822 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: 37/41/22 Blend
69$1,380,000$1,380,000$1,380,000$1,380,000
70$1,523,082$1,449,942$1,428,552$1,569,285
71$1,654,154$1,496,707$1,452,126$1,649,936
72$1,797,830$1,544,998$1,475,725$1,734,704
73$1,955,373$1,594,867$1,499,325$1,825,806
74$2,128,170$1,646,365$1,522,903$1,923,825
75$2,317,754$1,699,547$1,546,430$2,029,403
76$2,525,809$1,754,469$1,569,880$2,143,246
77$2,754,193$1,811,190$1,593,222$2,266,127
78$3,004,951$1,869,768$1,616,425$2,398,901
79$3,280,335$1,930,266$1,639,455$2,542,504
80$3,582,829$1,992,748$1,662,276$2,697,968
81$3,915,166$2,057,281$1,684,850$2,866,429
82$4,280,357$2,123,933$1,707,138$3,049,134
83$4,681,723$2,192,775$1,729,096$3,247,458
84$5,122,918$2,263,880$1,750,680$3,462,912
85$5,607,971$2,337,325$1,771,842$3,697,162
86$6,141,317$2,413,187$1,792,533$3,952,038
87$6,727,848$2,491,549$1,812,699$4,229,557
88$7,372,948$2,572,495$1,832,284$4,531,939
89$8,082,552$2,656,111$1,851,229$4,861,627
90$8,863,199$2,742,487$1,869,472$5,221,313
91$9,722,093$2,831,717$1,886,947$5,613,959
92$10,667,173$2,923,897$1,903,586$6,042,827
93$11,707,183$3,019,126$1,919,314$6,511,510
94$12,851,761$3,117,509$1,934,057$7,023,964
95$14,111,525$3,219,151$1,947,732$7,584,547
96$15,498,175$3,324,164$1,960,255$8,198,056
97$17,024,602$3,432,661$1,971,537$8,869,779
98$18,705,011$3,544,762$1,981,484$9,605,536
99$20,555,056$3,660,588$1,989,997$10,411,739
100$22,591,982$3,780,267$1,996,972$11,295,453