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

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$127,172$126,039$124,934$123,855$122,802$121,117
2 years$62,956$61,784$60,647$59,546$58,477$56,782
3 years$41,554$40,376$39,243$38,152$37,100$35,449
4 years$30,855$29,681$28,559$27,486$26,460$24,864
5 years$24,437$23,270$22,163$21,112$20,115$18,579
6 years$20,160$19,002$17,911$16,883$15,916$14,443
7 years$17,106$15,958$14,884$13,881$12,944$11,533
8 years$14,817$13,679$12,623$11,644$10,738$9,390
9 years$13,037$11,910$10,872$9,918$9,043$7,757
10 years$11,614$10,498$9,478$8,550$7,705$6,480
11 years$10,451$9,346$8,345$7,441$6,627$5,462
12 years$9,482$8,388$7,406$6,527$5,743$4,636
13 years$8,663$7,580$6,617$5,762$5,008$3,958
14 years$7,961$6,890$5,945$5,115$4,390$3,396
15 years$7,354$6,295$5,368$4,562$3,865$2,925
16 years$6,823$5,775$4,866$4,084$3,416$2,527
17 years$6,355$5,319$4,428$3,670$3,029$2,190
18 years$5,939$4,915$4,042$3,307$2,693$1,903
19 years$5,568$4,555$3,701$2,988$2,400$1,657
20 years$5,234$4,233$3,396$2,707$2,144$1,445
21 years$4,932$3,943$3,124$2,456$1,919$1,262
22 years$4,658$3,680$2,879$2,233$1,720$1,104
23 years$4,409$3,442$2,658$2,034$1,544$966
24 years$4,180$3,225$2,459$1,855$1,388$847
25 years$3,970$3,026$2,277$1,694$1,249$743
26 years$3,777$2,844$2,112$1,549$1,125$652
27 years$3,598$2,677$1,961$1,418$1,014$573
28 years$3,432$2,522$1,823$1,299$915$503
29 years$3,278$2,380$1,697$1,191$826$443
30 years$3,135$2,247$1,580$1,093$747$390
31 years$3,001$2,124$1,473$1,004$675$343
32 years$2,875$2,010$1,375$923$611$302
33 years$2,758$1,904$1,283$849$553$266
34 years$2,648$1,804$1,199$781$500$234
35 years$2,544$1,711$1,121$719$453$206
36 years$2,446$1,624$1,049$662$411$182
37 years$2,354$1,543$982$610$372$160
38 years$2,266$1,466$919$562$337$141
39 years$2,184$1,394$861$518$306$125
40 years$2,105$1,326$807$478$277$110
41 years$2,031$1,263$757$441$252$97
42 years$1,961$1,202$710$407$228$85
43 years$1,894$1,146$666$376$207$75
44 years$1,830$1,092$625$347$188$66
45 years$1,769$1,041$587$320$171$59
46 years$1,711$993$552$296$155$52
47 years$1,656$948$518$273$141$46
48 years$1,603$905$487$253$128$40
49 years$1,552$864$458$234$116$36
50 years$1,504$826$430$216$106$31

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 $4,539 every year, while hoping to spend $55,911 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: 55/23/22 Blend
69$1,540,000$1,540,000$1,540,000$1,540,000
70$1,701,762$1,620,142$1,596,272$1,784,924
71$1,815,853$1,640,040$1,590,258$1,862,304
72$1,939,707$1,659,039$1,582,169$1,940,257
73$2,074,261$1,677,036$1,571,876$2,023,957
74$2,220,547$1,693,922$1,559,244$2,113,971
75$2,379,696$1,709,578$1,544,133$2,210,927
76$2,552,958$1,723,880$1,526,394$2,315,516
77$2,741,704$1,736,694$1,505,872$2,428,504
78$2,947,445$1,747,879$1,482,406$2,550,736
79$3,171,843$1,757,284$1,455,826$2,683,143
80$3,416,728$1,764,748$1,425,953$2,826,756
81$3,684,114$1,770,101$1,392,602$2,982,713
82$3,976,218$1,773,160$1,355,579$3,152,268
83$4,295,482$1,773,734$1,314,680$3,336,810
84$4,644,591$1,771,617$1,269,692$3,537,869
85$5,026,505$1,766,592$1,220,392$3,757,135
86$5,444,481$1,758,428$1,166,548$3,996,474
87$5,902,107$1,746,880$1,107,917$4,257,947
88$6,403,333$1,731,688$1,044,243$4,543,827
89$6,952,510$1,712,577$975,261$4,856,625
90$7,554,427$1,689,255$900,694$5,199,111
91$8,214,362$1,661,412$820,251$5,574,342
92$8,938,126$1,628,720$733,628$5,985,692
93$9,732,119$1,590,832$640,509$6,436,887
94$10,603,393$1,547,380$540,564$6,932,035
95$11,559,712$1,497,975$433,446$7,475,670
96$12,609,632$1,442,204$318,795$8,072,797
97$13,762,574$1,379,632$196,234$8,728,936
98$15,028,919$1,309,796$65,371$9,450,178
99$16,420,102$1,232,210$0$10,243,242
100$17,948,720$1,146,356$0$11,132,981