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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$122,217$121,128$120,066$119,030$118,017$115,682
2 years$60,503$59,377$58,285$57,226$56,199$53,856
3 years$39,935$38,803$37,714$36,665$35,655$33,377
4 years$29,653$28,525$27,446$26,415$25,429$23,235
5 years$23,485$22,364$21,299$20,289$19,331$17,225
6 years$19,375$18,262$17,213$16,226$15,296$13,282
7 years$16,440$15,336$14,304$13,340$12,440$10,518
8 years$14,239$13,146$12,131$11,191$10,320$8,489
9 years$12,529$11,446$10,448$9,532$8,691$6,951
10 years$11,162$10,089$9,109$8,217$7,405$5,753
11 years$10,044$8,982$8,020$7,151$6,369$4,804
12 years$9,112$8,061$7,117$6,272$5,519$4,038
13 years$8,325$7,285$6,359$5,537$4,813$3,414
14 years$7,651$6,622$5,713$4,916$4,219$2,899
15 years$7,067$6,049$5,158$4,384$3,714$2,471
16 years$6,557$5,550$4,677$3,925$3,283$2,114
17 years$6,107$5,111$4,256$3,527$2,911$1,812
18 years$5,708$4,723$3,885$3,178$2,588$1,557
19 years$5,351$4,377$3,556$2,872$2,307$1,341
20 years$5,030$4,068$3,264$2,601$2,061$1,156
21 years$4,740$3,789$3,002$2,361$1,844$999
22 years$4,477$3,537$2,767$2,146$1,653$863
23 years$4,237$3,308$2,555$1,955$1,484$747
24 years$4,017$3,099$2,363$1,783$1,334$647
25 years$3,816$2,909$2,188$1,628$1,200$561
26 years$3,630$2,734$2,030$1,489$1,081$487
27 years$3,458$2,573$1,885$1,363$975$422
28 years$3,299$2,424$1,752$1,248$879$367
29 years$3,151$2,287$1,630$1,145$794$319
30 years$3,013$2,160$1,519$1,051$717$277
31 years$2,884$2,042$1,416$965$649$241
32 years$2,763$1,932$1,321$887$587$209
33 years$2,650$1,829$1,233$816$531$182
34 years$2,544$1,734$1,152$750$481$158
35 years$2,445$1,645$1,077$691$435$138
36 years$2,351$1,561$1,008$636$395$120
37 years$2,262$1,483$943$586$358$104
38 years$2,178$1,409$883$540$324$91
39 years$2,099$1,340$828$498$294$79
40 years$2,023$1,275$776$459$267$69
41 years$1,952$1,213$727$424$242$60
42 years$1,884$1,156$682$391$220$52
43 years$1,820$1,101$640$361$199$45
44 years$1,758$1,050$601$333$181$40
45 years$1,700$1,001$564$308$164$34
46 years$1,644$955$530$284$149$30
47 years$1,591$911$498$263$135$26
48 years$1,540$870$468$243$123$23
49 years$1,492$831$440$224$112$20
50 years$1,445$793$414$207$101$17

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 $3,185 every year, while hoping to spend $50,695 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: 65/5/30 Blend
69$1,480,000$1,480,000$1,480,000$1,480,000
70$1,634,245$1,555,805$1,532,865$1,727,218
71$1,746,999$1,578,101$1,530,277$1,812,860
72$1,869,555$1,599,789$1,525,903$1,900,562
73$2,002,859$1,620,788$1,519,630$1,995,342
74$2,147,952$1,641,008$1,511,339$2,097,904
75$2,305,980$1,660,355$1,500,906$2,209,026
76$2,478,203$1,678,725$1,488,199$2,329,565
77$2,666,008$1,696,012$1,473,083$2,460,467
78$2,870,924$1,712,099$1,455,414$2,602,774
79$3,094,630$1,726,863$1,435,042$2,757,639
80$3,338,976$1,740,173$1,411,810$2,926,331
81$3,605,999$1,751,889$1,385,553$3,110,250
82$3,897,942$1,761,863$1,356,100$3,310,943
83$4,217,273$1,769,935$1,323,270$3,530,112
84$4,566,710$1,775,938$1,286,876$3,769,639
85$4,949,248$1,779,692$1,246,719$4,031,598
86$5,368,181$1,781,007$1,202,594$4,318,274
87$5,827,140$1,779,681$1,154,286$4,632,192
88$6,330,122$1,775,499$1,101,568$4,976,134
89$6,881,530$1,768,233$1,044,206$5,353,168
90$7,486,212$1,757,643$981,952$5,766,678
91$8,149,508$1,743,470$914,551$6,220,398
92$8,877,302$1,725,444$841,732$6,718,442
93$9,676,071$1,703,275$763,214$7,265,351
94$10,552,954$1,676,659$678,705$7,866,128
95$11,515,811$1,645,271$587,898$8,526,295
96$12,573,303$1,608,768$490,471$9,251,936
97$13,734,969$1,566,788$386,092$10,049,764
98$15,011,321$1,518,945$274,410$10,927,178
99$16,413,934$1,464,832$155,062$11,892,337
100$17,955,565$1,404,018$27,666$12,954,238