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

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$124,694$123,584$122,500$121,442$120,410$115,769
2 years$61,730$60,580$59,466$58,386$57,338$52,718
3 years$40,744$39,590$38,478$37,408$36,377$31,924
4 years$30,254$29,103$28,002$26,951$25,945$21,691
5 years$23,961$22,817$21,731$20,701$19,723$15,680
6 years$19,767$18,632$17,562$16,554$15,606$11,777
7 years$16,773$15,647$14,594$13,610$12,692$9,075
8 years$14,528$13,412$12,377$11,417$10,529$7,121
9 years$12,783$11,678$10,660$9,725$8,867$5,663
10 years$11,388$10,293$9,294$8,383$7,555$4,549
11 years$10,247$9,164$8,182$7,296$6,498$3,682
12 years$9,297$8,225$7,261$6,399$5,631$2,999
13 years$8,494$7,433$6,488$5,650$4,910$2,454
14 years$7,806$6,756$5,829$5,015$4,304$2,016
15 years$7,211$6,172$5,263$4,473$3,790$1,662
16 years$6,690$5,663$4,772$4,005$3,349$1,373
17 years$6,231$5,215$4,342$3,598$2,970$1,137
18 years$5,823$4,819$3,964$3,243$2,641$943
19 years$5,459$4,466$3,629$2,930$2,354$783
20 years$5,132$4,150$3,330$2,654$2,102$651
21 years$4,836$3,866$3,063$2,408$1,881$542
22 years$4,568$3,608$2,823$2,190$1,686$451
23 years$4,323$3,375$2,607$1,994$1,514$376
24 years$4,099$3,162$2,411$1,819$1,361$314
25 years$3,893$2,967$2,233$1,661$1,224$262
26 years$3,703$2,789$2,071$1,519$1,103$218
27 years$3,528$2,625$1,923$1,390$994$182
28 years$3,365$2,473$1,788$1,274$897$152
29 years$3,214$2,333$1,664$1,168$810$127
30 years$3,074$2,204$1,549$1,072$732$106
31 years$2,942$2,083$1,445$985$662$89
32 years$2,819$1,971$1,348$905$599$74
33 years$2,704$1,867$1,258$832$542$62
34 years$2,596$1,769$1,176$766$491$52
35 years$2,494$1,678$1,099$705$444$43
36 years$2,398$1,593$1,028$649$403$36
37 years$2,308$1,513$963$598$365$30
38 years$2,222$1,438$901$551$331$25
39 years$2,141$1,367$844$508$300$21
40 years$2,064$1,301$792$469$272$18
41 years$1,992$1,238$742$433$247$15
42 years$1,922$1,179$696$399$224$12
43 years$1,857$1,123$653$368$203$10
44 years$1,794$1,071$613$340$184$9
45 years$1,734$1,021$576$314$167$7
46 years$1,678$974$541$290$152$6
47 years$1,623$930$508$268$138$5
48 years$1,571$887$477$248$125$4
49 years$1,522$847$449$229$114$4
50 years$1,474$809$422$212$103$3

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 $3,499 every year, while hoping to spend $39,631 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: 38/48/14 Blend
69$1,510,000$1,510,000$1,510,000$1,510,000
70$1,667,629$1,587,599$1,564,194$1,723,806
71$1,795,560$1,623,225$1,574,428$1,799,863
72$1,935,212$1,659,267$1,583,676$1,877,919
73$2,087,738$1,695,706$1,591,863$1,961,414
74$2,254,409$1,732,517$1,598,912$2,050,859
75$2,436,622$1,769,674$1,604,739$2,146,813
76$2,635,917$1,807,147$1,609,258$2,249,893
77$2,853,990$1,844,906$1,612,377$2,360,780
78$3,092,706$1,882,916$1,614,000$2,480,225
79$3,354,120$1,921,137$1,614,028$2,609,055
80$3,640,496$1,959,529$1,612,354$2,748,181
81$3,954,327$1,998,046$1,608,868$2,898,608
82$4,298,358$2,036,639$1,603,454$3,061,445
83$4,675,611$2,075,255$1,595,990$3,237,912
84$5,089,417$2,113,836$1,586,350$3,429,358
85$5,543,443$2,152,320$1,574,398$3,637,268
86$6,041,730$2,190,639$1,559,996$3,863,278
87$6,588,726$2,228,721$1,542,996$4,109,195
88$7,189,335$2,266,486$1,523,245$4,377,010
89$7,848,955$2,303,852$1,500,581$4,668,918
90$8,573,535$2,340,728$1,474,838$4,987,342
91$9,369,628$2,377,016$1,445,837$5,334,950
92$10,244,453$2,412,612$1,413,395$5,714,686
93$11,205,962$2,447,405$1,377,319$6,129,798
94$12,262,917$2,481,275$1,337,406$6,583,863
95$13,424,971$2,514,094$1,293,446$7,080,831
96$14,702,759$2,545,725$1,245,216$7,625,053
97$16,107,996$2,576,022$1,192,487$8,221,329
98$17,653,593$2,604,828$1,135,017$8,874,951
99$19,353,772$2,631,977$1,072,552$9,591,756
100$21,224,204$2,657,291$1,004,830$10,378,177