Can I retire at age 70 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$127,172$126,039$124,934$123,855$122,802$119,349
2 years$62,956$61,784$60,647$59,546$58,477$55,025
3 years$41,554$40,376$39,243$38,152$37,100$33,757
4 years$30,855$29,681$28,559$27,486$26,460$23,251
5 years$24,437$23,270$22,163$21,112$20,115$17,049
6 years$20,160$19,002$17,911$16,883$15,916$12,996
7 years$17,106$15,958$14,884$13,881$12,944$10,170
8 years$14,817$13,679$12,623$11,644$10,738$8,109
9 years$13,037$11,910$10,872$9,918$9,043$6,555
10 years$11,614$10,498$9,478$8,550$7,705$5,356
11 years$10,451$9,346$8,345$7,441$6,627$4,412
12 years$9,482$8,388$7,406$6,527$5,743$3,659
13 years$8,663$7,580$6,617$5,762$5,008$3,050
14 years$7,961$6,890$5,945$5,115$4,390$2,553
15 years$7,354$6,295$5,368$4,562$3,865$2,145
16 years$6,823$5,775$4,866$4,084$3,416$1,807
17 years$6,355$5,319$4,428$3,670$3,029$1,526
18 years$5,939$4,915$4,042$3,307$2,693$1,291
19 years$5,568$4,555$3,701$2,988$2,400$1,094
20 years$5,234$4,233$3,396$2,707$2,144$929
21 years$4,932$3,943$3,124$2,456$1,919$789
22 years$4,658$3,680$2,879$2,233$1,720$671
23 years$4,409$3,442$2,658$2,034$1,544$572
24 years$4,180$3,225$2,459$1,855$1,388$487
25 years$3,970$3,026$2,277$1,694$1,249$415
26 years$3,777$2,844$2,112$1,549$1,125$354
27 years$3,598$2,677$1,961$1,418$1,014$302
28 years$3,432$2,522$1,823$1,299$915$258
29 years$3,278$2,380$1,697$1,191$826$220
30 years$3,135$2,247$1,580$1,093$747$188
31 years$3,001$2,124$1,473$1,004$675$161
32 years$2,875$2,010$1,375$923$611$137
33 years$2,758$1,904$1,283$849$553$117
34 years$2,648$1,804$1,199$781$500$100
35 years$2,544$1,711$1,121$719$453$86
36 years$2,446$1,624$1,049$662$411$73
37 years$2,354$1,543$982$610$372$63
38 years$2,266$1,466$919$562$337$54
39 years$2,184$1,394$861$518$306$46
40 years$2,105$1,326$807$478$277$39
41 years$2,031$1,263$757$441$252$33
42 years$1,961$1,202$710$407$228$29
43 years$1,894$1,146$666$376$207$25
44 years$1,830$1,092$625$347$188$21
45 years$1,769$1,041$587$320$171$18
46 years$1,711$993$552$296$155$15
47 years$1,656$948$518$273$141$13
48 years$1,603$905$487$253$128$11
49 years$1,552$864$458$234$116$10
50 years$1,504$826$430$216$106$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,540,000, adding $2,879 every year, while hoping to spend $28,333 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: 82/6/12 Blend
69$1,540,000$1,540,000$1,540,000$1,540,000
70$1,700,050$1,618,430$1,594,560$1,835,585
71$1,843,309$1,667,587$1,617,831$1,974,020
72$2,000,230$1,718,203$1,640,933$2,121,958
73$2,172,179$1,770,319$1,663,829$2,283,546
74$2,360,655$1,823,980$1,686,482$2,460,139
75$2,567,314$1,879,227$1,708,851$2,653,230
76$2,793,978$1,936,106$1,730,895$2,864,464
77$3,042,652$1,994,664$1,752,568$3,095,649
78$3,315,547$2,054,947$1,773,824$3,348,782
79$3,615,097$2,117,004$1,794,611$3,626,059
80$3,943,985$2,180,884$1,814,878$3,929,899
81$4,305,163$2,246,640$1,834,569$4,262,969
82$4,701,888$2,314,323$1,853,625$4,628,205
83$5,137,742$2,383,986$1,871,983$5,028,843
84$5,616,675$2,455,686$1,889,578$5,468,446
85$6,143,039$2,529,477$1,906,342$5,950,942
86$6,721,626$2,605,418$1,922,201$6,480,656
87$7,357,717$2,683,568$1,937,080$7,062,354
88$8,057,129$2,763,988$1,950,897$7,701,287
89$8,826,272$2,846,740$1,963,568$8,403,241
90$9,672,208$2,931,887$1,975,004$9,174,591
91$10,602,719$3,019,494$1,985,112$10,022,360
92$11,626,375$3,109,628$1,993,792$10,954,286
93$12,752,623$3,202,358$2,000,942$11,978,897
94$13,991,869$3,297,753$2,006,452$13,105,587
95$15,355,581$3,395,884$2,010,210$14,344,710
96$16,856,393$3,496,824$2,012,094$15,707,671
97$18,508,225$3,600,649$2,011,979$17,207,040
98$20,326,417$3,707,434$2,009,734$18,856,667
99$22,327,871$3,817,257$2,005,219$20,671,812
100$24,531,210$3,930,199$1,998,291$22,669,292