Can I retire at age 70 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$94,140$93,302$92,483$91,685$90,905$90,370
2 years$46,604$45,736$44,895$44,079$43,288$42,748
3 years$30,761$29,889$29,050$28,242$27,464$26,936
4 years$22,841$21,972$21,141$20,347$19,587$19,076
5 years$18,090$17,226$16,406$15,628$14,890$14,396
6 years$14,924$14,066$13,259$12,498$11,782$11,306
7 years$12,663$11,813$11,018$10,275$9,582$9,124
8 years$10,968$10,126$9,344$8,620$7,949$7,510
9 years$9,651$8,816$8,048$7,342$6,694$6,273
10 years$8,597$7,771$7,017$6,329$5,704$5,301
11 years$7,736$6,918$6,177$5,508$4,906$4,521
12 years$7,019$6,209$5,482$4,831$4,251$3,884
13 years$6,413$5,612$4,898$4,265$3,707$3,357
14 years$5,893$5,101$4,401$3,786$3,250$2,916
15 years$5,444$4,660$3,973$3,377$2,861$2,544
16 years$5,051$4,275$3,602$3,023$2,529$2,227
17 years$4,704$3,937$3,278$2,717$2,242$1,956
18 years$4,397$3,638$2,992$2,448$1,994$1,722
19 years$4,122$3,372$2,739$2,212$1,777$1,520
20 years$3,874$3,133$2,514$2,004$1,587$1,344
21 years$3,651$2,918$2,313$1,818$1,420$1,191
22 years$3,448$2,724$2,131$1,653$1,273$1,056
23 years$3,264$2,548$1,968$1,506$1,143$938
24 years$3,094$2,387$1,820$1,373$1,027$835
25 years$2,939$2,240$1,686$1,254$924$743
26 years$2,796$2,106$1,563$1,147$833$662
27 years$2,664$1,982$1,452$1,050$751$591
28 years$2,541$1,867$1,350$962$677$527
29 years$2,427$1,762$1,256$882$612$471
30 years$2,321$1,664$1,170$809$553$420
31 years$2,221$1,573$1,091$743$500$376
32 years$2,129$1,488$1,018$683$452$336
33 years$2,042$1,409$950$628$409$301
34 years$1,960$1,336$888$578$370$269
35 years$1,883$1,267$830$532$335$241
36 years$1,811$1,202$776$490$304$216
37 years$1,742$1,142$727$451$275$193
38 years$1,678$1,085$681$416$250$173
39 years$1,616$1,032$638$384$226$155
40 years$1,559$982$598$354$205$139
41 years$1,504$935$560$327$186$125
42 years$1,451$890$526$301$169$112
43 years$1,402$848$493$278$153$100
44 years$1,354$808$463$257$139$90
45 years$1,309$771$435$237$126$81
46 years$1,267$735$408$219$115$72
47 years$1,226$702$384$202$104$65
48 years$1,186$670$360$187$95$58
49 years$1,149$640$339$173$86$52
50 years$1,113$611$319$160$78$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,140,000, adding $2,905 every year, while hoping to spend $34,547 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: 64/11/25 Blend
69$1,140,000$1,140,000$1,140,000$1,140,000
70$1,259,277$1,198,857$1,181,187$1,331,431
71$1,350,965$1,220,843$1,183,999$1,402,503
72$1,450,848$1,242,748$1,185,747$1,476,019
73$1,559,724$1,264,533$1,186,359$1,555,574
74$1,678,474$1,286,153$1,185,761$1,641,763
75$1,808,066$1,307,562$1,183,871$1,735,244
76$1,949,565$1,328,709$1,180,607$1,836,741
77$2,104,145$1,349,540$1,175,882$1,947,053
78$2,273,098$1,369,998$1,169,604$2,067,061
79$2,457,845$1,390,019$1,161,676$2,197,735
80$2,659,952$1,409,537$1,152,000$2,340,147
81$2,881,144$1,428,481$1,140,468$2,495,476
82$3,123,318$1,446,774$1,126,972$2,665,025
83$3,388,566$1,464,335$1,111,394$2,850,229
84$3,679,189$1,481,076$1,093,615$3,052,671
85$3,997,722$1,496,905$1,073,507$3,274,094
86$4,346,959$1,511,722$1,050,939$3,516,424
87$4,729,974$1,525,422$1,025,770$3,781,780
88$5,150,154$1,537,891$997,857$4,072,502
89$5,611,231$1,549,009$967,047$4,391,168
90$6,117,315$1,558,649$933,181$4,740,621
91$6,672,932$1,566,673$896,093$5,123,995
92$7,283,069$1,572,938$855,610$5,544,745
93$7,953,219$1,577,289$811,550$6,006,682
94$8,689,433$1,579,562$763,723$6,514,006
95$9,498,379$1,579,584$711,931$7,071,346
96$10,387,399$1,577,170$655,967$7,683,809
97$11,364,586$1,572,123$595,613$8,357,021
98$12,438,852$1,564,235$530,645$9,097,189
99$13,620,018$1,553,286$460,825$9,911,150
100$14,918,904$1,539,041$385,906$10,806,445