Can I retire at age 70 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$124,694$123,584$122,500$121,442$120,410$119,801
2 years$61,730$60,580$59,466$58,386$57,338$56,724
3 years$40,744$39,590$38,478$37,408$36,377$35,777
4 years$30,254$29,103$28,002$26,951$25,945$25,362
5 years$23,961$22,817$21,731$20,701$19,723$19,160
6 years$19,767$18,632$17,562$16,554$15,606$15,064
7 years$16,773$15,647$14,594$13,610$12,692$12,170
8 years$14,528$13,412$12,377$11,417$10,529$10,028
9 years$12,783$11,678$10,660$9,725$8,867$8,387
10 years$11,388$10,293$9,294$8,383$7,555$7,096
11 years$10,247$9,164$8,182$7,296$6,498$6,058
12 years$9,297$8,225$7,261$6,399$5,631$5,211
13 years$8,494$7,433$6,488$5,650$4,910$4,510
14 years$7,806$6,756$5,829$5,015$4,304$3,923
15 years$7,211$6,172$5,263$4,473$3,790$3,427
16 years$6,690$5,663$4,772$4,005$3,349$3,004
17 years$6,231$5,215$4,342$3,598$2,970$2,642
18 years$5,823$4,819$3,964$3,243$2,641$2,330
19 years$5,459$4,466$3,629$2,930$2,354$2,059
20 years$5,132$4,150$3,330$2,654$2,102$1,824
21 years$4,836$3,866$3,063$2,408$1,881$1,618
22 years$4,568$3,608$2,823$2,190$1,686$1,437
23 years$4,323$3,375$2,607$1,994$1,514$1,279
24 years$4,099$3,162$2,411$1,819$1,361$1,139
25 years$3,893$2,967$2,233$1,661$1,224$1,016
26 years$3,703$2,789$2,071$1,519$1,103$906
27 years$3,528$2,625$1,923$1,390$994$810
28 years$3,365$2,473$1,788$1,274$897$724
29 years$3,214$2,333$1,664$1,168$810$647
30 years$3,074$2,204$1,549$1,072$732$579
31 years$2,942$2,083$1,445$985$662$519
32 years$2,819$1,971$1,348$905$599$465
33 years$2,704$1,867$1,258$832$542$416
34 years$2,596$1,769$1,176$766$491$373
35 years$2,494$1,678$1,099$705$444$335
36 years$2,398$1,593$1,028$649$403$300
37 years$2,308$1,513$963$598$365$269
38 years$2,222$1,438$901$551$331$242
39 years$2,141$1,367$844$508$300$217
40 years$2,064$1,301$792$469$272$195
41 years$1,992$1,238$742$433$247$175
42 years$1,922$1,179$696$399$224$157
43 years$1,857$1,123$653$368$203$141
44 years$1,794$1,071$613$340$184$127
45 years$1,734$1,021$576$314$167$114
46 years$1,678$974$541$290$152$102
47 years$1,623$930$508$268$138$92
48 years$1,571$887$477$248$125$83
49 years$1,522$847$449$229$114$74
50 years$1,474$809$422$212$103$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,510,000, adding $3,621 every year, while hoping to spend $37,675 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: 32/39/29 Blend
69$1,510,000$1,510,000$1,510,000$1,510,000
70$1,667,755$1,587,725$1,564,320$1,706,292
71$1,797,780$1,625,438$1,576,639$1,773,958
72$1,939,805$1,663,736$1,588,108$1,843,225
73$2,095,014$1,702,607$1,598,658$1,917,103
74$2,264,711$1,742,041$1,608,219$1,996,025
75$2,450,331$1,782,020$1,616,714$2,080,470
76$2,653,455$1,822,529$1,624,063$2,170,963
77$2,875,823$1,863,549$1,630,185$2,268,085
78$3,119,351$1,905,057$1,634,991$2,372,479
79$3,386,151$1,947,031$1,638,389$2,484,850
80$3,678,546$1,989,443$1,640,282$2,605,978
81$3,999,096$2,032,264$1,640,570$2,736,724
82$4,350,620$2,075,461$1,639,145$2,878,037
83$4,736,223$2,118,999$1,635,897$3,030,963
84$5,159,326$2,162,838$1,630,708$3,196,658
85$5,623,696$2,206,935$1,623,455$3,376,397
86$6,133,482$2,251,244$1,614,010$3,571,584
87$6,693,256$2,295,714$1,602,238$3,783,771
88$7,308,053$2,340,288$1,587,997$4,014,668
89$7,983,419$2,384,908$1,571,141$4,266,163
90$8,725,467$2,429,507$1,551,512$4,540,337
91$9,540,926$2,474,015$1,528,950$4,839,487
92$10,437,215$2,518,356$1,503,284$5,166,147
93$11,422,504$2,562,448$1,474,337$5,523,110
94$12,505,793$2,606,202$1,441,921$5,913,460
95$13,697,001$2,649,523$1,405,843$6,340,596
96$15,007,055$2,692,309$1,365,898$6,808,268
97$16,447,992$2,734,450$1,321,873$7,320,614
98$18,033,076$2,775,827$1,273,545$7,882,195
99$19,776,922$2,816,315$1,220,681$8,498,044
100$21,695,631$2,855,777$1,163,037$9,173,710