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%12.3%
1 years$114,785$113,762$112,765$111,791$110,841$109,774
2 years$56,824$55,766$54,740$53,746$52,781$51,707
3 years$37,507$36,444$35,421$34,435$33,487$32,438
4 years$27,850$26,790$25,777$24,809$23,883$22,868
5 years$22,057$21,004$20,004$19,056$18,155$17,177
6 years$18,196$17,151$16,166$15,239$14,366$13,425
7 years$15,440$14,403$13,434$12,529$11,683$10,781
8 years$13,374$12,346$11,393$10,510$9,692$8,828
9 years$11,767$10,750$9,813$8,952$8,162$7,336
10 years$10,483$9,475$8,555$7,717$6,955$6,165
11 years$9,433$8,435$7,532$6,716$5,981$5,229
12 years$8,558$7,571$6,684$5,891$5,183$4,466
13 years$7,819$6,842$5,972$5,201$4,520$3,838
14 years$7,186$6,219$5,366$4,617$3,962$3,315
15 years$6,637$5,681$4,845$4,117$3,489$2,874
16 years$6,158$5,213$4,392$3,687$3,083$2,501
17 years$5,736$4,801$3,997$3,312$2,734$2,183
18 years$5,361$4,436$3,649$2,985$2,431$1,910
19 years$5,025$4,111$3,340$2,697$2,167$1,675
20 years$4,724$3,820$3,065$2,443$1,935$1,471
21 years$4,452$3,559$2,820$2,217$1,732$1,295
22 years$4,205$3,322$2,599$2,016$1,552$1,141
23 years$3,979$3,107$2,399$1,836$1,393$1,007
24 years$3,773$2,911$2,219$1,674$1,252$889
25 years$3,584$2,732$2,055$1,529$1,127$786
26 years$3,409$2,567$1,906$1,398$1,015$696
27 years$3,248$2,416$1,770$1,280$915$616
28 years$3,098$2,277$1,646$1,173$826$546
29 years$2,959$2,148$1,531$1,075$746$484
30 years$2,829$2,028$1,426$987$674$429
31 years$2,709$1,918$1,330$906$609$381
32 years$2,595$1,814$1,241$833$551$338
33 years$2,489$1,718$1,158$766$499$300
34 years$2,390$1,628$1,082$705$452$267
35 years$2,296$1,545$1,012$649$409$237
36 years$2,208$1,466$947$597$371$211
37 years$2,124$1,392$886$551$336$187
38 years$2,046$1,323$830$507$304$166
39 years$1,971$1,258$777$468$276$148
40 years$1,900$1,197$729$432$250$132
41 years$1,833$1,140$683$398$227$117
42 years$1,770$1,085$641$367$206$104
43 years$1,709$1,034$601$339$187$93
44 years$1,652$986$565$313$170$82
45 years$1,597$940$530$289$154$73
46 years$1,544$897$498$267$140$65
47 years$1,494$856$468$247$127$58
48 years$1,447$817$440$228$115$52
49 years$1,401$780$413$211$105$46
50 years$1,357$745$388$195$95$41

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 $2,403 every year, while hoping to spend $51,066 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: 42/34/24 Blend
69$1,390,000$1,390,000$1,390,000$1,390,000
70$1,534,259$1,460,589$1,439,044$1,587,823
71$1,636,419$1,477,824$1,432,918$1,643,572
72$1,747,289$1,494,192$1,424,875$1,698,845
73$1,867,701$1,509,596$1,414,798$1,757,691
74$1,998,575$1,523,935$1,402,562$1,820,466
75$2,140,920$1,537,097$1,388,037$1,887,568
76$2,295,846$1,548,967$1,371,089$1,959,434
77$2,464,575$1,559,420$1,351,574$2,036,552
78$2,648,454$1,568,324$1,329,344$2,119,459
79$2,848,962$1,575,537$1,304,242$2,208,752
80$3,067,728$1,580,911$1,276,106$2,305,092
81$3,306,546$1,584,285$1,244,765$2,409,208
82$3,567,389$1,585,491$1,210,041$2,521,912
83$3,852,431$1,584,348$1,171,745$2,644,097
84$4,164,064$1,580,666$1,129,684$2,776,755
85$4,504,922$1,574,242$1,083,652$2,920,982
86$4,877,906$1,564,862$1,033,436$3,077,990
87$5,286,209$1,552,296$978,812$3,249,123
88$5,733,347$1,536,304$919,547$3,435,862
89$6,223,194$1,516,628$855,397$3,639,849
90$6,760,014$1,492,997$786,107$3,862,898
91$7,348,504$1,465,122$711,411$4,107,014
92$7,993,838$1,432,700$631,030$4,374,414
93$8,701,713$1,395,406$544,673$4,667,547
94$9,478,405$1,352,898$452,037$4,989,122
95$10,330,828$1,304,815$352,805$5,342,130
96$11,266,594$1,250,773$246,646$5,729,877
97$12,294,092$1,190,367$133,214$6,156,016
98$13,422,562$1,123,167$12,149$6,624,579
99$14,662,181$1,048,720$0$7,140,024
100$16,024,163$966,547$0$7,737,245