Can I retire at age 70 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$94,966$94,120$93,295$92,489$91,703$89,998
2 years$47,013$46,137$45,289$44,466$43,668$41,957
3 years$31,031$30,151$29,305$28,490$27,705$26,041
4 years$23,041$22,164$21,326$20,525$19,759$18,155
5 years$18,248$17,377$16,550$15,765$15,021$13,481
6 years$15,055$14,190$13,375$12,608$11,885$10,412
7 years$12,774$11,916$11,115$10,365$9,666$8,259
8 years$11,064$10,215$9,426$8,695$8,019$6,678
9 years$9,735$8,894$8,119$7,407$6,753$5,477
10 years$8,673$7,839$7,078$6,384$5,754$4,542
11 years$7,804$6,979$6,231$5,556$4,949$3,799
12 years$7,081$6,264$5,530$4,874$4,288$3,200
13 years$6,469$5,661$4,941$4,303$3,739$2,711
14 years$5,945$5,145$4,439$3,820$3,278$2,307
15 years$5,491$4,700$4,008$3,406$2,886$1,971
16 years$5,095$4,313$3,634$3,050$2,551$1,689
17 years$4,745$3,972$3,307$2,740$2,262$1,451
18 years$4,435$3,670$3,019$2,470$2,011$1,250
19 years$4,158$3,401$2,763$2,232$1,792$1,078
20 years$3,908$3,161$2,536$2,021$1,601$932
21 years$3,683$2,944$2,333$1,834$1,433$807
22 years$3,479$2,748$2,150$1,668$1,284$699
23 years$3,292$2,570$1,985$1,519$1,153$606
24 years$3,122$2,408$1,836$1,385$1,036$527
25 years$2,965$2,260$1,700$1,265$932$458
26 years$2,820$2,124$1,577$1,157$840$398
27 years$2,687$1,999$1,464$1,059$757$346
28 years$2,563$1,884$1,361$970$683$301
29 years$2,448$1,777$1,267$890$617$262
30 years$2,341$1,678$1,180$816$557$229
31 years$2,241$1,586$1,100$750$504$199
32 years$2,147$1,501$1,026$689$456$174
33 years$2,059$1,422$958$634$413$151
34 years$1,977$1,347$895$583$374$132
35 years$1,900$1,278$837$537$338$115
36 years$1,826$1,213$783$494$307$100
37 years$1,758$1,152$733$455$278$88
38 years$1,692$1,095$686$420$252$76
39 years$1,631$1,041$643$387$228$67
40 years$1,572$990$603$357$207$58
41 years$1,517$943$565$329$188$51
42 years$1,464$898$530$304$171$44
43 years$1,414$856$498$281$155$39
44 years$1,366$816$467$259$141$34
45 years$1,321$778$439$239$128$30
46 years$1,278$742$412$221$116$26
47 years$1,236$708$387$204$105$23
48 years$1,197$676$364$189$96$20
49 years$1,159$645$342$174$87$17
50 years$1,123$617$321$161$79$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,150,000, adding $2,076 every year, while hoping to spend $20,871 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: 58/29/13 Blend
69$1,150,000$1,150,000$1,150,000$1,150,000
70$1,269,441$1,208,491$1,190,666$1,338,817
71$1,376,718$1,245,501$1,208,347$1,422,910
72$1,494,237$1,283,624$1,225,921$1,512,037
73$1,623,022$1,322,894$1,243,361$1,608,696
74$1,764,198$1,363,344$1,260,642$1,713,615
75$1,919,006$1,405,008$1,277,734$1,827,594
76$2,088,813$1,447,922$1,294,607$1,951,511
77$2,275,124$1,492,122$1,311,228$2,086,336
78$2,479,596$1,537,645$1,327,563$2,233,135
79$2,704,055$1,584,530$1,343,576$2,393,082
80$2,950,512$1,632,815$1,359,229$2,567,469
81$3,221,183$1,682,542$1,374,482$2,757,719
82$3,518,508$1,733,751$1,389,292$2,965,400
83$3,845,177$1,786,486$1,403,614$3,192,237
84$4,204,151$1,840,790$1,417,402$3,440,130
85$4,598,693$1,896,708$1,430,604$3,711,172
86$5,032,400$1,954,286$1,443,168$4,007,667
87$5,509,230$2,013,572$1,455,040$4,332,155
88$6,033,548$2,074,613$1,466,160$4,687,431
89$6,610,161$2,137,461$1,476,468$5,076,575
90$7,244,366$2,202,165$1,485,899$5,502,979
91$7,942,000$2,268,779$1,494,384$5,970,381
92$8,709,491$2,337,356$1,501,853$6,482,898
93$9,553,925$2,407,953$1,508,231$7,045,063
94$10,483,107$2,480,624$1,513,439$7,661,873
95$11,505,638$2,555,429$1,517,393$8,338,833
96$12,630,994$2,632,426$1,520,007$9,082,005
97$13,869,618$2,711,678$1,521,190$9,898,070
98$15,233,016$2,793,246$1,520,846$10,794,388
99$16,733,863$2,877,195$1,518,874$11,779,069
100$18,386,130$2,963,591$1,515,170$12,861,046