Can I retire at age 70 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$119,740$118,673$117,632$116,617$115,625$113,060
2 years$59,277$58,173$57,103$56,066$55,060$52,488
3 years$39,125$38,017$36,950$35,922$34,932$32,435
4 years$29,052$27,946$26,890$25,880$24,914$22,511
5 years$23,009$21,910$20,868$19,878$18,939$16,636
6 years$18,982$17,891$16,864$15,897$14,986$12,786
7 years$16,106$15,025$14,014$13,070$12,188$10,091
8 years$13,951$12,879$11,885$10,964$10,111$8,116
9 years$12,275$11,214$10,237$9,339$8,515$6,621
10 years$10,935$9,884$8,925$8,050$7,255$5,461
11 years$9,840$8,799$7,857$7,006$6,239$4,542
12 years$8,928$7,898$6,973$6,145$5,407$3,803
13 years$8,156$7,137$6,230$5,425$4,715$3,202
14 years$7,496$6,488$5,598$4,816$4,133$2,709
15 years$6,924$5,927$5,054$4,295$3,639$2,299
16 years$6,424$5,438$4,582$3,846$3,216$1,958
17 years$5,983$5,008$4,169$3,455$2,852$1,672
18 years$5,592$4,627$3,806$3,114$2,536$1,430
19 years$5,242$4,289$3,484$2,814$2,260$1,226
20 years$4,928$3,985$3,198$2,548$2,019$1,052
21 years$4,644$3,712$2,941$2,313$1,807$905
22 years$4,386$3,465$2,711$2,103$1,619$779
23 years$4,151$3,241$2,503$1,915$1,454$671
24 years$3,936$3,036$2,315$1,747$1,307$578
25 years$3,738$2,850$2,144$1,595$1,176$499
26 years$3,556$2,678$1,989$1,459$1,059$431
27 years$3,388$2,520$1,846$1,335$955$372
28 years$3,232$2,375$1,717$1,223$862$321
29 years$3,087$2,241$1,597$1,122$778$278
30 years$2,952$2,116$1,488$1,029$703$240
31 years$2,825$2,000$1,387$945$635$208
32 years$2,707$1,893$1,294$869$575$180
33 years$2,597$1,792$1,208$799$520$156
34 years$2,493$1,699$1,129$735$471$135
35 years$2,395$1,611$1,056$677$427$117
36 years$2,303$1,529$988$623$387$101
37 years$2,216$1,453$924$574$350$87
38 years$2,134$1,380$866$529$318$76
39 years$2,056$1,313$811$488$288$66
40 years$1,982$1,249$760$450$261$57
41 years$1,912$1,189$713$415$237$49
42 years$1,846$1,132$669$383$215$43
43 years$1,783$1,079$627$354$195$37
44 years$1,723$1,028$589$327$177$32
45 years$1,666$981$553$302$161$28
46 years$1,611$935$519$279$146$24
47 years$1,559$893$488$257$133$21
48 years$1,509$852$458$238$120$18
49 years$1,461$814$431$220$109$16
50 years$1,416$777$405$203$99$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,450,000, adding $3,397 every year, while hoping to spend $37,323 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: 45/37/18 Blend
69$1,450,000$1,450,000$1,450,000$1,450,000
70$1,601,404$1,524,554$1,502,079$1,665,048
71$1,725,036$1,559,546$1,512,687$1,744,939
72$1,860,027$1,595,001$1,522,400$1,827,537
73$2,007,497$1,630,904$1,531,148$1,916,320
74$2,168,679$1,667,234$1,538,858$2,011,879
75$2,344,927$1,703,972$1,545,453$2,114,863
76$2,537,737$1,741,095$1,550,853$2,225,989
77$2,748,753$1,778,575$1,554,973$2,346,048
78$2,979,786$1,816,385$1,557,725$2,475,910
79$3,232,830$1,854,494$1,559,014$2,616,534
80$3,510,081$1,892,866$1,558,744$2,768,979
81$3,813,958$1,931,466$1,556,811$2,934,409
82$4,147,125$1,970,251$1,553,107$3,114,111
83$4,512,516$2,009,177$1,547,520$3,309,500
84$4,913,361$2,048,195$1,539,930$3,522,139
85$5,353,220$2,087,253$1,530,215$3,753,748
86$5,836,014$2,126,294$1,518,243$4,006,227
87$6,366,062$2,165,256$1,503,877$4,281,667
88$6,948,119$2,204,073$1,486,976$4,582,375
89$7,587,427$2,242,672$1,467,390$4,910,894
90$8,289,758$2,280,977$1,444,961$5,270,028
91$9,061,472$2,318,903$1,419,526$5,662,867
92$9,909,575$2,356,362$1,390,913$6,092,821
93$10,841,785$2,393,257$1,358,941$6,563,644
94$11,866,605$2,429,485$1,323,425$7,079,480
95$12,993,405$2,464,936$1,284,165$7,644,895
96$14,232,504$2,499,490$1,240,957$8,264,922
97$15,595,276$2,533,021$1,193,585$8,945,113
98$17,094,249$2,565,394$1,141,825$9,691,586
99$18,743,227$2,596,463$1,085,441$10,511,086
100$20,557,420$2,626,073$1,024,187$11,411,051