Can I retire at age 70 with 1,480,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$122,217$121,128$120,066$119,030$118,017$114,978
2 years$60,503$59,377$58,285$57,226$56,199$53,157
3 years$39,935$38,803$37,714$36,665$35,655$32,705
4 years$29,653$28,525$27,446$26,415$25,429$22,595
5 years$23,485$22,364$21,299$20,289$19,331$16,620
6 years$19,375$18,262$17,213$16,226$15,296$12,711
7 years$16,440$15,336$14,304$13,340$12,440$9,981
8 years$14,239$13,146$12,131$11,191$10,320$7,986
9 years$12,529$11,446$10,448$9,532$8,691$6,480
10 years$11,162$10,089$9,109$8,217$7,405$5,314
11 years$10,044$8,982$8,020$7,151$6,369$4,394
12 years$9,112$8,061$7,117$6,272$5,519$3,658
13 years$8,325$7,285$6,359$5,537$4,813$3,062
14 years$7,651$6,622$5,713$4,916$4,219$2,574
15 years$7,067$6,049$5,158$4,384$3,714$2,171
16 years$6,557$5,550$4,677$3,925$3,283$1,837
17 years$6,107$5,111$4,256$3,527$2,911$1,558
18 years$5,708$4,723$3,885$3,178$2,588$1,324
19 years$5,351$4,377$3,556$2,872$2,307$1,128
20 years$5,030$4,068$3,264$2,601$2,061$961
21 years$4,740$3,789$3,002$2,361$1,844$821
22 years$4,477$3,537$2,767$2,146$1,653$701
23 years$4,237$3,308$2,555$1,955$1,484$600
24 years$4,017$3,099$2,363$1,783$1,334$514
25 years$3,816$2,909$2,188$1,628$1,200$440
26 years$3,630$2,734$2,030$1,489$1,081$377
27 years$3,458$2,573$1,885$1,363$975$323
28 years$3,299$2,424$1,752$1,248$879$277
29 years$3,151$2,287$1,630$1,145$794$238
30 years$3,013$2,160$1,519$1,051$717$204
31 years$2,884$2,042$1,416$965$649$175
32 years$2,763$1,932$1,321$887$587$151
33 years$2,650$1,829$1,233$816$531$129
34 years$2,544$1,734$1,152$750$481$111
35 years$2,445$1,645$1,077$691$435$95
36 years$2,351$1,561$1,008$636$395$82
37 years$2,262$1,483$943$586$358$70
38 years$2,178$1,409$883$540$324$61
39 years$2,099$1,340$828$498$294$52
40 years$2,023$1,275$776$459$267$45
41 years$1,952$1,213$727$424$242$38
42 years$1,884$1,156$682$391$220$33
43 years$1,820$1,101$640$361$199$28
44 years$1,758$1,050$601$333$181$24
45 years$1,700$1,001$564$308$164$21
46 years$1,644$955$530$284$149$18
47 years$1,591$911$498$263$135$16
48 years$1,540$870$468$243$123$13
49 years$1,492$831$440$224$112$11
50 years$1,445$793$414$207$101$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,480,000, adding $6,609 every year, while hoping to spend $38,702 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: 59/23/18 Blend
69$1,480,000$1,480,000$1,480,000$1,480,000
70$1,637,777$1,559,337$1,536,397$1,726,359
71$1,763,652$1,594,566$1,546,688$1,822,333
72$1,901,069$1,630,224$1,556,026$1,922,119
73$2,051,164$1,666,291$1,564,339$2,030,061
74$2,215,189$1,702,746$1,571,551$2,146,950
75$2,394,520$1,739,563$1,577,580$2,273,663
76$2,590,676$1,776,715$1,582,343$2,411,163
77$2,805,324$1,814,174$1,585,751$2,560,511
78$3,040,304$1,851,905$1,587,711$2,722,880
79$3,297,640$1,889,874$1,588,124$2,899,557
80$3,579,562$1,928,041$1,586,889$3,091,965
81$3,888,526$1,966,363$1,583,898$3,301,669
82$4,227,235$2,004,794$1,579,038$3,530,396
83$4,598,668$2,043,284$1,572,191$3,780,048
84$5,006,105$2,081,777$1,563,232$4,052,722
85$5,453,159$2,120,216$1,552,032$4,350,729
86$5,943,810$2,158,536$1,538,454$4,676,616
87$6,482,443$2,196,668$1,522,356$5,033,189
88$7,073,885$2,234,538$1,503,588$5,423,544
89$7,723,457$2,272,066$1,481,994$5,851,090
90$8,437,018$2,309,166$1,457,410$6,319,586
91$9,221,024$2,345,745$1,429,663$6,833,176
92$10,082,587$2,381,705$1,398,575$7,396,427
93$11,029,541$2,416,939$1,363,958$8,014,372
94$12,070,519$2,451,333$1,325,615$8,692,558
95$13,215,029$2,484,766$1,283,340$9,437,103
96$14,473,548$2,517,106$1,236,919$10,254,746
97$15,857,621$2,548,214$1,186,126$11,152,916
98$17,379,963$2,577,942$1,130,726$12,139,804
99$19,054,587$2,606,129$1,070,473$13,224,435
100$20,896,932$2,632,606$1,005,111$14,416,759