Can I retire at age 70 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$120,565$119,492$118,444$117,421$116,422$112,426
2 years$59,686$58,574$57,497$56,452$55,439$51,454
3 years$39,395$38,279$37,204$36,170$35,173$31,323
4 years$29,252$28,139$27,075$26,058$25,086$21,401
5 years$23,168$22,061$21,011$20,015$19,070$15,561
6 years$19,113$18,015$16,980$16,006$15,089$11,758
7 years$16,217$15,129$14,111$13,160$12,272$9,118
8 years$14,047$12,968$11,967$11,039$10,180$7,201
9 years$12,360$11,291$10,307$9,403$8,573$5,765
10 years$11,011$9,953$8,986$8,106$7,305$4,664
11 years$9,908$8,860$7,911$7,054$6,283$3,802
12 years$8,989$7,952$7,021$6,188$5,444$3,120
13 years$8,213$7,187$6,273$5,463$4,748$2,572
14 years$7,548$6,532$5,636$4,849$4,162$2,130
15 years$6,972$5,968$5,089$4,325$3,664$1,769
16 years$6,468$5,475$4,614$3,872$3,238$1,473
17 years$6,025$5,042$4,198$3,479$2,871$1,230
18 years$5,631$4,659$3,832$3,135$2,553$1,028
19 years$5,279$4,318$3,508$2,833$2,276$861
20 years$4,962$4,013$3,220$2,566$2,033$722
21 years$4,676$3,738$2,962$2,329$1,819$606
22 years$4,416$3,489$2,730$2,117$1,631$509
23 years$4,180$3,263$2,520$1,928$1,464$428
24 years$3,963$3,057$2,331$1,759$1,316$360
25 years$3,764$2,869$2,159$1,606$1,184$303
26 years$3,581$2,697$2,002$1,469$1,066$255
27 years$3,411$2,538$1,859$1,344$961$215
28 years$3,254$2,391$1,728$1,232$867$181
29 years$3,108$2,256$1,608$1,129$783$153
30 years$2,972$2,131$1,498$1,037$708$129
31 years$2,845$2,014$1,397$952$640$108
32 years$2,726$1,906$1,303$875$579$91
33 years$2,615$1,805$1,217$805$524$77
34 years$2,510$1,710$1,137$740$474$65
35 years$2,412$1,622$1,063$681$430$55
36 years$2,319$1,540$994$628$389$46
37 years$2,231$1,463$931$578$353$39
38 years$2,149$1,390$872$533$320$33
39 years$2,070$1,322$817$491$290$28
40 years$1,996$1,257$765$453$263$23
41 years$1,926$1,197$718$418$239$20
42 years$1,859$1,140$673$386$217$17
43 years$1,795$1,086$632$356$197$14
44 years$1,735$1,035$593$329$178$12
45 years$1,677$987$557$304$162$10
46 years$1,622$942$523$281$147$8
47 years$1,570$899$491$259$134$7
48 years$1,519$858$462$240$121$6
49 years$1,471$819$434$221$110$5
50 years$1,425$783$408$205$100$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,460,000, adding $6,645 every year, while hoping to spend $51,964 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: 84/11/5 Blend
69$1,460,000$1,460,000$1,460,000$1,460,000
70$1,615,774$1,538,394$1,515,764$1,750,897
71$1,725,294$1,558,486$1,511,253$1,860,126
72$1,844,243$1,577,821$1,504,849$1,972,296
73$1,973,529$1,596,307$1,496,434$2,093,838
74$2,114,148$1,613,846$1,485,884$2,225,657
75$2,267,199$1,630,332$1,473,070$2,368,751
76$2,433,890$1,645,655$1,457,854$2,524,218
77$2,615,549$1,659,695$1,440,095$2,693,268
78$2,813,640$1,672,325$1,419,643$2,877,231
79$3,029,773$1,683,410$1,396,342$3,077,577
80$3,265,719$1,692,806$1,370,028$3,295,918
81$3,523,428$1,700,360$1,340,531$3,534,036
82$3,805,050$1,705,909$1,307,670$3,793,890
83$4,112,947$1,709,281$1,271,259$4,077,639
84$4,449,723$1,710,291$1,231,102$4,387,661
85$4,818,243$1,708,744$1,186,992$4,726,577
86$5,221,664$1,704,432$1,138,717$5,097,273
87$5,663,461$1,697,136$1,086,050$5,502,929
88$6,147,460$1,686,622$1,028,759$5,947,049
89$6,677,876$1,672,642$966,598$6,433,493
90$7,259,351$1,654,933$899,311$6,966,515
91$7,896,997$1,633,217$826,630$7,550,801
92$8,596,445$1,607,199$748,276$8,191,514
93$9,363,896$1,576,565$663,957$8,894,346
94$10,206,181$1,540,984$573,367$9,665,565
95$11,130,825$1,500,106$476,189$10,512,081
96$12,146,116$1,453,559$372,088$11,441,505
97$13,261,186$1,400,949$260,719$12,462,228
98$14,486,092$1,341,860$141,718$13,583,493
99$15,831,914$1,275,853$14,707$14,815,487
100$17,310,860$1,202,460$0$16,169,436