Can I retire at age 70 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$125,520$124,402$123,311$122,247$121,207$117,280
2 years$62,139$60,981$59,860$58,772$57,718$53,798
3 years$41,014$39,852$38,733$37,656$36,618$32,829
4 years$30,454$29,295$28,188$27,129$26,117$22,487
5 years$24,120$22,968$21,875$20,838$19,853$16,393
6 years$19,898$18,755$17,678$16,664$15,709$12,421
7 years$16,884$15,751$14,691$13,700$12,776$9,659
8 years$14,624$13,501$12,459$11,493$10,599$7,652
9 years$12,868$11,755$10,731$9,789$8,926$6,145
10 years$11,463$10,362$9,355$8,439$7,605$4,986
11 years$10,315$9,224$8,236$7,344$6,541$4,079
12 years$9,359$8,279$7,310$6,442$5,668$3,357
13 years$8,550$7,482$6,531$5,687$4,943$2,778
14 years$7,858$6,801$5,868$5,048$4,333$2,308
15 years$7,258$6,213$5,298$4,502$3,815$1,924
16 years$6,734$5,700$4,803$4,031$3,372$1,608
17 years$6,272$5,250$4,371$3,622$2,989$1,347
18 years$5,862$4,851$3,990$3,264$2,658$1,131
19 years$5,495$4,496$3,653$2,950$2,369$950
20 years$5,166$4,178$3,352$2,671$2,116$800
21 years$4,868$3,891$3,083$2,424$1,894$674
22 years$4,598$3,632$2,842$2,204$1,698$568
23 years$4,352$3,397$2,624$2,008$1,524$480
24 years$4,126$3,183$2,427$1,831$1,370$405
25 years$3,919$2,987$2,248$1,672$1,232$342
26 years$3,728$2,807$2,084$1,529$1,110$289
27 years$3,551$2,642$1,936$1,399$1,001$245
28 years$3,388$2,490$1,799$1,282$903$207
29 years$3,236$2,349$1,675$1,176$815$175
30 years$3,094$2,218$1,560$1,079$737$148
31 years$2,962$2,097$1,454$991$666$126
32 years$2,838$1,984$1,357$911$603$106
33 years$2,722$1,879$1,267$838$545$90
34 years$2,613$1,781$1,184$771$494$76
35 years$2,511$1,689$1,107$709$447$65
36 years$2,414$1,603$1,035$653$405$55
37 years$2,323$1,523$969$602$367$46
38 years$2,237$1,447$907$555$333$39
39 years$2,155$1,376$850$512$302$33
40 years$2,078$1,309$797$472$274$28
41 years$2,005$1,246$747$435$248$24
42 years$1,935$1,187$701$402$225$20
43 years$1,869$1,131$658$371$205$17
44 years$1,806$1,078$617$342$186$15
45 years$1,746$1,028$580$316$169$12
46 years$1,689$981$544$292$153$10
47 years$1,634$936$511$270$139$9
48 years$1,582$893$481$249$126$7
49 years$1,532$853$452$231$115$6
50 years$1,484$815$425$213$104$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,520,000, adding $2,538 every year, while hoping to spend $37,359 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: 41/38/21 Blend
69$1,520,000$1,520,000$1,520,000$1,520,000
70$1,677,658$1,597,098$1,573,538$1,735,971
71$1,809,029$1,635,606$1,586,502$1,816,349
72$1,952,549$1,674,749$1,598,648$1,899,518
73$2,109,415$1,714,518$1,609,909$1,988,778
74$2,280,950$1,754,904$1,620,215$2,084,706
75$2,468,607$1,795,895$1,629,493$2,187,939
76$2,673,988$1,837,476$1,637,664$2,299,178
77$2,898,855$1,879,633$1,644,646$2,419,196
78$3,145,150$1,922,347$1,650,354$2,548,845
79$3,415,012$1,965,599$1,654,697$2,689,063
80$3,710,796$2,009,365$1,657,582$2,840,884
81$4,035,093$2,053,621$1,658,907$3,005,449
82$4,390,762$2,098,338$1,658,570$3,184,014
83$4,780,948$2,143,484$1,656,460$3,377,965
84$5,209,116$2,189,026$1,652,463$3,588,829
85$5,679,084$2,234,926$1,646,458$3,818,289
86$6,195,055$2,281,142$1,638,319$4,068,202
87$6,761,661$2,327,629$1,627,913$4,340,613
88$7,384,005$2,374,337$1,615,103$4,637,777
89$8,067,706$2,421,212$1,599,741$4,962,182
90$8,818,956$2,468,196$1,581,677$5,316,567
91$9,644,577$2,515,225$1,560,751$5,703,957
92$10,552,083$2,562,230$1,536,795$6,127,681
93$11,549,754$2,609,137$1,509,635$6,591,414
94$12,646,709$2,655,865$1,479,089$7,099,205
95$13,852,998$2,702,328$1,444,963$7,655,517
96$15,179,693$2,748,431$1,407,059$8,265,273
97$16,638,993$2,794,075$1,365,166$8,933,900
98$18,244,336$2,839,151$1,319,065$9,667,378
99$20,010,532$2,883,542$1,268,527$10,472,302
100$21,953,895$2,927,125$1,213,312$11,355,944