Can I retire at age 70 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$121,391$120,310$119,255$118,225$117,220$116,141
2 years$60,095$58,975$57,891$56,839$55,819$54,732
3 years$39,665$38,541$37,459$36,417$35,414$34,352
4 years$29,452$28,332$27,261$26,237$25,257$24,230
5 years$23,326$22,212$21,155$20,152$19,200$18,209
6 years$19,244$18,138$17,097$16,116$15,193$14,239
7 years$16,329$15,232$14,207$13,250$12,356$11,441
8 years$14,143$13,057$12,049$11,115$10,250$9,374
9 years$12,444$11,368$10,378$9,467$8,632$7,794
10 years$11,086$10,021$9,048$8,161$7,355$6,554
11 years$9,976$8,921$7,965$7,103$6,326$5,562
12 years$9,051$8,007$7,069$6,230$5,482$4,754
13 years$8,269$7,236$6,316$5,500$4,780$4,088
14 years$7,599$6,577$5,675$4,882$4,190$3,533
15 years$7,020$6,008$5,124$4,354$3,689$3,066
16 years$6,513$5,513$4,645$3,899$3,261$2,669
17 years$6,066$5,077$4,227$3,503$2,891$2,331
18 years$5,669$4,691$3,859$3,157$2,571$2,041
19 years$5,315$4,348$3,532$2,852$2,291$1,791
20 years$4,996$4,040$3,242$2,583$2,047$1,575
21 years$4,708$3,763$2,982$2,345$1,831$1,387
22 years$4,447$3,513$2,748$2,132$1,642$1,223
23 years$4,208$3,286$2,538$1,942$1,474$1,080
24 years$3,990$3,078$2,347$1,771$1,325$955
25 years$3,790$2,889$2,174$1,617$1,192$845
26 years$3,605$2,715$2,016$1,479$1,074$748
27 years$3,435$2,555$1,872$1,353$968$663
28 years$3,276$2,408$1,740$1,240$873$588
29 years$3,129$2,271$1,619$1,137$789$521
30 years$2,992$2,145$1,508$1,044$713$463
31 years$2,864$2,028$1,406$958$644$411
32 years$2,745$1,919$1,312$881$583$365
33 years$2,633$1,817$1,225$810$527$325
34 years$2,527$1,722$1,145$745$478$289
35 years$2,428$1,633$1,070$686$433$257
36 years$2,335$1,550$1,001$632$392$228
37 years$2,247$1,473$937$582$355$203
38 years$2,163$1,399$877$537$322$181
39 years$2,084$1,331$822$495$292$161
40 years$2,010$1,266$771$456$265$143
41 years$1,939$1,205$723$421$240$128
42 years$1,872$1,148$678$389$218$114
43 years$1,808$1,094$636$359$198$101
44 years$1,747$1,042$597$331$180$90
45 years$1,689$994$561$306$163$80
46 years$1,633$948$526$283$148$71
47 years$1,580$905$495$261$134$64
48 years$1,530$864$465$241$122$57
49 years$1,481$825$437$223$111$50
50 years$1,435$788$411$206$101$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,470,000, adding $5,180 every year, while hoping to spend $25,006 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: 82/11/7 Blend
69$1,470,000$1,470,000$1,470,000$1,470,000
70$1,625,283$1,547,373$1,524,588$1,757,030
71$1,764,456$1,596,588$1,549,056$1,893,161
72$1,916,986$1,647,377$1,573,505$2,038,699
73$2,084,210$1,699,789$1,597,908$2,197,702
74$2,267,599$1,753,879$1,622,238$2,371,502
75$2,468,774$1,809,698$1,646,462$2,561,569
76$2,689,519$1,867,305$1,670,550$2,769,520
77$2,931,802$1,926,755$1,694,465$2,997,137
78$3,197,789$1,988,108$1,718,173$3,246,380
79$3,489,865$2,051,427$1,741,633$3,519,410
80$3,810,658$2,116,774$1,764,805$3,818,607
81$4,163,065$2,184,216$1,787,645$4,146,591
82$4,550,274$2,253,819$1,810,108$4,506,250
83$4,975,800$2,325,653$1,832,144$4,900,763
84$5,443,513$2,399,792$1,853,703$5,333,633
85$5,957,679$2,476,309$1,874,729$5,808,718
86$6,522,996$2,555,282$1,895,166$6,330,271
87$7,144,640$2,636,790$1,914,953$6,902,972
88$7,828,316$2,720,915$1,934,027$7,531,982
89$8,580,307$2,807,743$1,952,319$8,222,983
90$9,407,536$2,897,360$1,969,760$8,982,237
91$10,317,632$2,989,858$1,986,274$9,816,642
92$11,318,999$3,085,330$2,001,783$10,733,799
93$12,420,898$3,183,872$2,016,204$11,742,080
94$13,633,533$3,285,585$2,029,450$12,850,711
95$14,968,146$3,390,571$2,041,429$14,069,858
96$16,437,126$3,498,938$2,052,046$15,410,721
97$18,054,121$3,610,794$2,061,198$16,885,638
98$19,834,173$3,726,255$2,068,779$18,508,207
99$21,793,854$3,845,437$2,074,679$20,293,409
100$23,951,425$3,968,461$2,078,779$22,257,752