Can I retire at age 70 with 1,430,000?

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 $1,430,000?

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$118,088$117,036$116,010$115,008$114,030$111,911
2 years$58,459$57,371$56,316$55,292$54,300$52,173
3 years$38,586$37,492$36,440$35,426$34,450$32,381
4 years$28,651$27,561$26,519$25,523$24,570$22,576
5 years$22,692$21,608$20,580$19,604$18,678$16,763
6 years$18,720$17,645$16,631$15,677$14,779$12,947
7 years$15,884$14,818$13,821$12,889$12,019$10,270
8 years$13,758$12,702$11,721$10,812$9,971$8,304
9 years$12,106$11,059$10,095$9,210$8,397$6,811
10 years$10,785$9,748$8,801$7,939$7,155$5,648
11 years$9,704$8,678$7,749$6,909$6,153$4,725
12 years$8,805$7,789$6,877$6,060$5,332$3,979
13 years$8,044$7,039$6,144$5,350$4,650$3,371
14 years$7,393$6,398$5,520$4,749$4,076$2,869
15 years$6,828$5,845$4,984$4,236$3,589$2,450
16 years$6,335$5,363$4,519$3,793$3,172$2,100
17 years$5,901$4,939$4,112$3,408$2,812$1,804
18 years$5,515$4,564$3,754$3,071$2,501$1,554
19 years$5,170$4,230$3,436$2,775$2,229$1,341
20 years$4,860$3,930$3,154$2,513$1,991$1,159
21 years$4,580$3,661$2,901$2,281$1,782$1,003
22 years$4,326$3,417$2,674$2,074$1,597$869
23 years$4,094$3,196$2,469$1,889$1,434$754
24 years$3,882$2,995$2,283$1,723$1,289$655
25 years$3,687$2,810$2,114$1,573$1,159$569
26 years$3,507$2,641$1,961$1,438$1,044$495
27 years$3,341$2,486$1,821$1,317$942$430
28 years$3,187$2,342$1,693$1,206$850$375
29 years$3,044$2,210$1,575$1,106$767$326
30 years$2,911$2,087$1,467$1,015$693$284
31 years$2,786$1,973$1,368$932$627$248
32 years$2,670$1,867$1,276$857$567$216
33 years$2,561$1,768$1,192$788$513$188
34 years$2,458$1,675$1,114$725$465$164
35 years$2,362$1,589$1,041$667$421$143
36 years$2,271$1,508$974$615$381$125
37 years$2,185$1,432$912$566$346$109
38 years$2,104$1,361$854$522$313$95
39 years$2,028$1,295$800$481$284$83
40 years$1,955$1,232$750$444$258$72
41 years$1,886$1,172$703$410$234$63
42 years$1,821$1,117$659$378$212$55
43 years$1,758$1,064$619$349$192$48
44 years$1,699$1,014$581$322$175$42
45 years$1,643$967$545$298$159$37
46 years$1,589$922$512$275$144$32
47 years$1,537$880$481$254$131$28
48 years$1,488$840$452$235$119$24
49 years$1,441$803$425$217$108$21
50 years$1,396$767$400$200$98$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,430,000, adding $6,910 every year, while hoping to spend $25,092 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: 38/34/28 Blend
69$1,430,000$1,430,000$1,430,000$1,430,000
70$1,582,988$1,507,198$1,485,033$1,629,726
71$1,717,755$1,554,353$1,508,084$1,711,842
72$1,865,427$1,602,977$1,531,066$1,797,728
73$2,027,294$1,653,117$1,553,950$1,890,073
74$2,204,778$1,704,819$1,576,707$1,989,479
75$2,399,441$1,758,131$1,599,302$2,096,610
76$2,613,008$1,813,103$1,621,703$2,212,193
77$2,847,377$1,869,788$1,643,872$2,337,033
78$3,104,638$1,928,236$1,665,771$2,472,013
79$3,387,095$1,988,504$1,687,358$2,618,105
80$3,697,285$2,050,647$1,708,591$2,776,378
81$4,038,003$2,114,723$1,729,424$2,948,011
82$4,412,327$2,180,792$1,749,807$3,134,300
83$4,823,650$2,248,916$1,769,690$3,336,673
84$5,275,707$2,319,158$1,789,020$3,556,701
85$5,772,615$2,391,583$1,807,738$3,796,116
86$6,318,910$2,466,258$1,825,785$4,056,823
87$6,919,587$2,543,254$1,843,098$4,340,920
88$7,580,152$2,622,641$1,859,609$4,650,720
89$8,306,671$2,704,493$1,875,249$4,988,769
90$9,105,824$2,788,886$1,889,943$5,357,869
91$9,984,975$2,875,898$1,903,613$5,761,110
92$10,952,236$2,965,610$1,916,177$6,201,894
93$12,016,544$3,058,105$1,927,549$6,683,969
94$13,187,748$3,153,469$1,937,638$7,211,462
95$14,476,698$3,251,789$1,946,349$7,788,921
96$15,895,351$3,353,156$1,953,582$8,421,358
97$17,456,881$3,457,665$1,959,231$9,114,291
98$19,175,803$3,565,411$1,963,185$9,873,802
99$21,068,112$3,676,493$1,965,329$10,706,590
100$23,151,433$3,791,014$1,965,541$11,620,038