Can I retire at age 70 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$114,785$113,762$112,765$111,791$110,841$108,915
2 years$56,824$55,766$54,740$53,746$52,781$50,847
3 years$37,507$36,444$35,421$34,435$33,487$31,605
4 years$27,850$26,790$25,777$24,809$23,883$22,068
5 years$22,057$21,004$20,004$19,056$18,155$16,412
6 years$18,196$17,151$16,166$15,239$14,366$12,696
7 years$15,440$14,403$13,434$12,529$11,683$10,088
8 years$13,374$12,346$11,393$10,510$9,692$8,171
9 years$11,767$10,750$9,813$8,952$8,162$6,714
10 years$10,483$9,475$8,555$7,717$6,955$5,578
11 years$9,433$8,435$7,532$6,716$5,981$4,675
12 years$8,558$7,571$6,684$5,891$5,183$3,945
13 years$7,819$6,842$5,972$5,201$4,520$3,348
14 years$7,186$6,219$5,366$4,617$3,962$2,855
15 years$6,637$5,681$4,845$4,117$3,489$2,444
16 years$6,158$5,213$4,392$3,687$3,083$2,099
17 years$5,736$4,801$3,997$3,312$2,734$1,807
18 years$5,361$4,436$3,649$2,985$2,431$1,560
19 years$5,025$4,111$3,340$2,697$2,167$1,349
20 years$4,724$3,820$3,065$2,443$1,935$1,169
21 years$4,452$3,559$2,820$2,217$1,732$1,014
22 years$4,205$3,322$2,599$2,016$1,552$881
23 years$3,979$3,107$2,399$1,836$1,393$766
24 years$3,773$2,911$2,219$1,674$1,252$666
25 years$3,584$2,732$2,055$1,529$1,127$580
26 years$3,409$2,567$1,906$1,398$1,015$506
27 years$3,248$2,416$1,770$1,280$915$441
28 years$3,098$2,277$1,646$1,173$826$385
29 years$2,959$2,148$1,531$1,075$746$336
30 years$2,829$2,028$1,426$987$674$293
31 years$2,709$1,918$1,330$906$609$256
32 years$2,595$1,814$1,241$833$551$224
33 years$2,489$1,718$1,158$766$499$196
34 years$2,390$1,628$1,082$705$452$171
35 years$2,296$1,545$1,012$649$409$150
36 years$2,208$1,466$947$597$371$131
37 years$2,124$1,392$886$551$336$115
38 years$2,046$1,323$830$507$304$100
39 years$1,971$1,258$777$468$276$88
40 years$1,900$1,197$729$432$250$77
41 years$1,833$1,140$683$398$227$67
42 years$1,770$1,085$641$367$206$59
43 years$1,709$1,034$601$339$187$51
44 years$1,652$986$565$313$170$45
45 years$1,597$940$530$289$154$39
46 years$1,544$897$498$267$140$34
47 years$1,494$856$468$247$127$30
48 years$1,447$817$440$228$115$26
49 years$1,401$780$413$211$105$23
50 years$1,357$745$388$195$95$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,390,000, adding $3,142 every year, while hoping to spend $25,206 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: 41/31/28 Blend
69$1,390,000$1,390,000$1,390,000$1,390,000
70$1,535,021$1,461,351$1,439,806$1,585,206
71$1,664,774$1,506,138$1,461,220$1,666,588
72$1,806,917$1,552,275$1,482,508$1,752,030
73$1,962,688$1,599,801$1,503,636$1,844,038
74$2,133,448$1,648,758$1,524,574$1,943,229
75$2,320,698$1,699,186$1,545,286$2,050,287
76$2,526,092$1,751,128$1,565,736$2,165,960
77$2,751,449$1,804,629$1,585,884$2,291,075
78$2,998,775$1,859,734$1,605,689$2,426,540
79$3,270,279$1,916,490$1,625,108$2,573,357
80$3,568,393$1,974,944$1,644,095$2,732,626
81$3,895,799$2,035,145$1,662,602$2,905,560
82$4,255,447$2,097,145$1,680,576$3,093,496
83$4,650,592$2,160,994$1,697,964$3,297,904
84$5,084,815$2,226,746$1,714,709$3,520,404
85$5,562,066$2,294,455$1,730,751$3,762,780
86$6,086,691$2,364,178$1,746,026$4,026,996
87$6,663,483$2,435,973$1,760,468$4,315,217
88$7,297,720$2,509,897$1,774,005$4,629,828
89$7,995,219$2,586,013$1,786,565$4,973,453
90$8,762,385$2,664,382$1,798,069$5,348,986
91$9,606,280$2,745,068$1,808,436$5,759,614
92$10,534,681$2,828,137$1,817,579$6,208,847
93$11,556,159$2,913,656$1,825,408$6,700,555
94$12,680,156$3,001,694$1,831,828$7,238,997
95$13,917,076$3,092,321$1,836,739$7,828,869
96$15,278,384$3,185,612$1,840,037$8,475,345
97$16,776,712$3,281,639$1,841,610$9,184,123
98$18,425,976$3,380,479$1,841,344$9,961,484
99$20,241,514$3,482,211$1,839,117$10,814,348
100$22,240,224$3,586,914$1,834,802$11,750,338