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%13.6%
1 years$114,785$113,762$112,765$111,791$110,841$109,184
2 years$56,824$55,766$54,740$53,746$52,781$51,116
3 years$37,507$36,444$35,421$34,435$33,487$31,865
4 years$27,850$26,790$25,777$24,809$23,883$22,317
5 years$22,057$21,004$20,004$19,056$18,155$16,649
6 years$18,196$17,151$16,166$15,239$14,366$12,922
7 years$15,440$14,403$13,434$12,529$11,683$10,301
8 years$13,374$12,346$11,393$10,510$9,692$8,373
9 years$11,767$10,750$9,813$8,952$8,162$6,904
10 years$10,483$9,475$8,555$7,717$6,955$5,757
11 years$9,433$8,435$7,532$6,716$5,981$4,843
12 years$8,558$7,571$6,684$5,891$5,183$4,103
13 years$7,819$6,842$5,972$5,201$4,520$3,496
14 years$7,186$6,219$5,366$4,617$3,962$2,993
15 years$6,637$5,681$4,845$4,117$3,489$2,573
16 years$6,158$5,213$4,392$3,687$3,083$2,219
17 years$5,736$4,801$3,997$3,312$2,734$1,919
18 years$5,361$4,436$3,649$2,985$2,431$1,663
19 years$5,025$4,111$3,340$2,697$2,167$1,445
20 years$4,724$3,820$3,065$2,443$1,935$1,257
21 years$4,452$3,559$2,820$2,217$1,732$1,096
22 years$4,205$3,322$2,599$2,016$1,552$956
23 years$3,979$3,107$2,399$1,836$1,393$835
24 years$3,773$2,911$2,219$1,674$1,252$730
25 years$3,584$2,732$2,055$1,529$1,127$639
26 years$3,409$2,567$1,906$1,398$1,015$560
27 years$3,248$2,416$1,770$1,280$915$490
28 years$3,098$2,277$1,646$1,173$826$430
29 years$2,959$2,148$1,531$1,075$746$377
30 years$2,829$2,028$1,426$987$674$331
31 years$2,709$1,918$1,330$906$609$291
32 years$2,595$1,814$1,241$833$551$255
33 years$2,489$1,718$1,158$766$499$224
34 years$2,390$1,628$1,082$705$452$197
35 years$2,296$1,545$1,012$649$409$173
36 years$2,208$1,466$947$597$371$152
37 years$2,124$1,392$886$551$336$134
38 years$2,046$1,323$830$507$304$118
39 years$1,971$1,258$777$468$276$104
40 years$1,900$1,197$729$432$250$91
41 years$1,833$1,140$683$398$227$80
42 years$1,770$1,085$641$367$206$70
43 years$1,709$1,034$601$339$187$62
44 years$1,652$986$565$313$170$55
45 years$1,597$940$530$289$154$48
46 years$1,544$897$498$267$140$42
47 years$1,494$856$468$247$127$37
48 years$1,447$817$440$228$115$33
49 years$1,401$780$413$211$105$29
50 years$1,357$745$388$195$95$25

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 $4,412 every year, while hoping to spend $32,224 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: 65/11/24 Blend
69$1,390,000$1,390,000$1,390,000$1,390,000
70$1,536,331$1,462,661$1,441,116$1,626,342
71$1,658,751$1,500,045$1,455,107$1,724,912
72$1,792,577$1,538,181$1,468,487$1,828,577
73$1,938,940$1,577,072$1,481,201$1,941,147
74$2,099,082$1,616,719$1,493,192$2,063,498
75$2,274,374$1,657,124$1,504,400$2,196,596
76$2,466,323$1,698,286$1,514,760$2,341,506
77$2,676,590$1,740,204$1,524,206$2,499,400
78$2,907,003$1,782,874$1,532,668$2,671,571
79$3,159,576$1,826,294$1,540,071$2,859,443
80$3,436,527$1,870,457$1,546,338$3,064,584
81$3,740,300$1,915,356$1,551,387$3,288,723
82$4,073,585$1,960,983$1,555,133$3,533,767
83$4,439,345$2,007,326$1,557,485$3,801,813
84$4,840,847$2,054,373$1,558,349$4,095,176
85$5,281,685$2,102,109$1,557,625$4,416,407
86$5,765,821$2,150,517$1,555,210$4,768,313
87$6,297,620$2,199,577$1,550,994$5,153,993
88$6,881,888$2,249,268$1,544,864$5,576,859
89$7,523,922$2,299,563$1,536,698$6,040,671
90$8,229,555$2,350,435$1,526,371$6,549,576
91$9,005,216$2,401,853$1,513,751$7,108,140
92$9,857,987$2,453,782$1,498,700$7,721,399
93$10,795,669$2,506,185$1,481,073$8,394,900
94$11,826,857$2,559,018$1,460,720$9,134,758
95$12,961,023$2,612,236$1,437,480$9,947,713
96$14,208,600$2,665,788$1,411,188$10,841,192
97$15,581,085$2,719,620$1,381,671$11,823,380
98$17,091,144$2,773,670$1,348,745$12,903,299
99$18,752,734$2,827,873$1,312,222$14,090,890
100$20,581,233$2,882,159$1,271,901$15,397,111