Can I retire at age 70 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$128,823$127,676$126,556$125,464$124,397$122,085
2 years$63,774$62,586$61,435$60,319$59,236$56,916
3 years$42,094$40,901$39,753$38,647$37,582$35,325
4 years$31,256$30,066$28,930$27,843$26,804$24,628
5 years$24,754$23,572$22,451$21,386$20,376$18,287
6 years$20,422$19,249$18,143$17,103$16,123$14,124
7 years$17,328$16,165$15,077$14,061$13,112$11,203
8 years$15,009$13,856$12,787$11,795$10,878$9,058
9 years$13,206$12,064$11,013$10,047$9,161$7,430
10 years$11,765$10,634$9,602$8,661$7,805$6,161
11 years$10,586$9,467$8,453$7,537$6,713$5,154
12 years$9,605$8,497$7,502$6,611$5,817$4,341
13 years$8,775$7,679$6,702$5,837$5,073$3,677
14 years$8,065$6,980$6,022$5,181$4,447$3,129
15 years$7,449$6,376$5,437$4,621$3,915$2,673
16 years$6,911$5,850$4,930$4,137$3,460$2,291
17 years$6,437$5,388$4,486$3,717$3,068$1,968
18 years$6,016$4,979$4,095$3,350$2,728$1,695
19 years$5,640$4,614$3,749$3,027$2,432$1,463
20 years$5,302$4,288$3,440$2,742$2,172$1,264
21 years$4,996$3,994$3,164$2,488$1,944$1,094
22 years$4,719$3,728$2,917$2,262$1,742$948
23 years$4,466$3,487$2,693$2,060$1,564$823
24 years$4,235$3,267$2,491$1,879$1,406$714
25 years$4,022$3,066$2,307$1,716$1,265$621
26 years$3,826$2,881$2,139$1,569$1,139$540
27 years$3,645$2,712$1,987$1,436$1,027$470
28 years$3,477$2,555$1,847$1,316$927$409
29 years$3,321$2,411$1,719$1,207$837$356
30 years$3,175$2,276$1,601$1,108$756$310
31 years$3,040$2,152$1,492$1,017$684$270
32 years$2,913$2,036$1,392$935$618$236
33 years$2,794$1,928$1,300$860$560$205
34 years$2,682$1,828$1,215$791$507$179
35 years$2,577$1,733$1,136$728$459$156
36 years$2,478$1,645$1,062$671$416$136
37 years$2,384$1,563$994$618$377$119
38 years$2,296$1,485$931$569$342$104
39 years$2,212$1,412$872$525$310$91
40 years$2,133$1,344$818$484$281$79
41 years$2,058$1,279$767$447$255$69
42 years$1,986$1,218$719$412$231$60
43 years$1,918$1,161$675$381$210$53
44 years$1,854$1,106$634$351$191$46
45 years$1,792$1,055$595$325$173$40
46 years$1,733$1,006$559$300$157$35
47 years$1,677$960$525$277$143$31
48 years$1,623$917$493$256$130$27
49 years$1,572$875$464$237$118$23
50 years$1,523$836$436$219$107$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,560,000, adding $5,480 every year, while hoping to spend $40,329 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: 65/27/8 Blend
69$1,560,000$1,560,000$1,560,000$1,560,000
70$1,724,773$1,642,093$1,617,913$1,833,849
71$1,857,790$1,679,645$1,629,203$1,944,691
72$2,003,023$1,717,687$1,639,520$2,060,460
73$2,161,676$1,756,198$1,648,788$2,185,891
74$2,335,073$1,795,158$1,656,929$2,321,921
75$2,524,673$1,834,543$1,663,859$2,469,582
76$2,732,082$1,874,328$1,669,490$2,630,009
77$2,959,069$1,914,484$1,673,733$2,804,454
78$3,207,580$1,954,980$1,676,489$2,994,293
79$3,479,759$1,995,781$1,677,658$3,201,047
80$3,777,969$2,036,849$1,677,134$3,426,385
81$4,104,810$2,078,142$1,674,805$3,672,151
82$4,463,145$2,119,615$1,670,556$3,940,373
83$4,856,129$2,161,220$1,664,262$4,233,287
84$5,287,236$2,202,901$1,655,797$4,553,356
85$5,760,293$2,244,603$1,645,026$4,903,293
86$6,279,516$2,286,261$1,631,807$5,286,090
87$6,849,547$2,327,808$1,615,993$5,705,040
88$7,475,501$2,369,171$1,597,429$6,163,774
89$8,163,012$2,410,271$1,575,953$6,666,291
90$8,918,288$2,451,022$1,551,395$7,217,001
91$9,748,164$2,491,334$1,523,579$7,820,759
92$10,660,175$2,531,107$1,492,317$8,482,920
93$11,662,619$2,570,237$1,457,415$9,209,380
94$12,764,637$2,608,610$1,418,670$10,006,641
95$13,976,303$2,646,105$1,375,868$10,881,865
96$15,308,714$2,682,592$1,328,787$11,842,946
97$16,774,096$2,717,932$1,277,195$12,898,584
98$18,385,919$2,751,976$1,220,846$14,058,365
99$20,159,025$2,784,565$1,159,487$15,332,855
100$22,109,767$2,815,530$1,092,851$16,733,697