Can I retire at age 70 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$129,649$128,494$127,368$126,268$125,194$122,068
2 years$64,183$62,987$61,829$60,706$59,616$56,487
3 years$42,363$41,163$40,007$38,895$37,823$34,788
4 years$31,456$30,259$29,115$28,021$26,976$24,058
5 years$24,913$23,724$22,595$21,523$20,506$17,715
6 years$20,553$19,372$18,260$17,212$16,226$13,563
7 years$17,439$16,269$15,174$14,151$13,196$10,662
8 years$15,105$13,945$12,869$11,871$10,947$8,541
9 years$13,291$12,142$11,084$10,111$9,219$6,938
10 years$11,840$10,702$9,663$8,716$7,855$5,697
11 years$10,654$9,528$8,507$7,586$6,756$4,717
12 years$9,667$8,552$7,550$6,654$5,854$3,932
13 years$8,831$7,728$6,745$5,874$5,105$3,296
14 years$8,116$7,025$6,061$5,214$4,475$2,774
15 years$7,497$6,417$5,472$4,650$3,940$2,344
16 years$6,956$5,888$4,961$4,164$3,482$1,986
17 years$6,479$5,422$4,515$3,741$3,088$1,687
18 years$6,055$5,010$4,121$3,372$2,746$1,436
19 years$5,676$4,644$3,773$3,047$2,447$1,224
20 years$5,336$4,315$3,462$2,759$2,186$1,045
21 years$5,028$4,019$3,185$2,504$1,956$894
22 years$4,749$3,752$2,935$2,277$1,753$765
23 years$4,495$3,509$2,710$2,074$1,574$655
24 years$4,262$3,288$2,506$1,891$1,415$562
25 years$4,048$3,085$2,321$1,727$1,273$482
26 years$3,850$2,900$2,153$1,579$1,147$414
27 years$3,668$2,729$1,999$1,446$1,034$355
28 years$3,499$2,572$1,859$1,324$933$305
29 years$3,342$2,426$1,730$1,215$842$262
30 years$3,196$2,291$1,611$1,115$761$226
31 years$3,059$2,166$1,502$1,024$688$194
32 years$2,931$2,049$1,401$941$622$167
33 years$2,812$1,941$1,308$865$563$144
34 years$2,699$1,839$1,223$796$510$124
35 years$2,593$1,745$1,143$733$462$106
36 years$2,494$1,656$1,069$675$419$92
37 years$2,399$1,573$1,001$622$379$79
38 years$2,310$1,495$937$573$344$68
39 years$2,226$1,421$878$528$312$58
40 years$2,146$1,352$823$487$283$50
41 years$2,071$1,287$772$450$257$43
42 years$1,999$1,226$724$415$233$37
43 years$1,930$1,168$679$383$211$32
44 years$1,865$1,113$638$354$192$28
45 years$1,803$1,062$599$327$174$24
46 years$1,744$1,013$562$302$158$20
47 years$1,688$967$528$279$144$18
48 years$1,634$923$496$258$130$15
49 years$1,582$881$467$238$118$13
50 years$1,533$842$439$220$108$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,570,000, adding $5,632 every year, while hoping to spend $30,827 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: 41/42/17 Blend
69$1,570,000$1,570,000$1,570,000$1,570,000
70$1,735,949$1,652,739$1,628,404$1,798,208
71$1,880,217$1,700,924$1,650,156$1,891,070
72$2,038,166$1,750,436$1,671,604$1,988,088
73$2,211,160$1,801,309$1,692,704$2,092,443
74$2,400,700$1,853,575$1,713,411$2,204,822
75$2,608,440$1,907,269$1,733,679$2,325,977
76$2,836,199$1,962,423$1,753,456$2,456,738
77$3,085,984$2,019,074$1,772,688$2,598,016
78$3,360,002$2,077,256$1,791,321$2,750,815
79$3,660,686$2,137,006$1,809,294$2,916,239
80$3,990,715$2,198,358$1,826,545$3,095,505
81$4,353,042$2,261,352$1,843,008$3,289,951
82$4,750,917$2,326,023$1,858,614$3,501,049
83$5,187,922$2,392,410$1,873,289$3,730,423
84$5,668,003$2,460,550$1,886,957$3,979,858
85$6,195,506$2,530,484$1,899,536$4,251,321
86$6,775,219$2,602,249$1,910,942$4,546,978
87$7,412,417$2,675,885$1,921,085$4,869,213
88$8,112,913$2,751,433$1,929,870$5,220,655
89$8,883,109$2,828,932$1,937,200$5,604,197
90$9,730,059$2,908,423$1,942,969$6,023,024
91$10,661,536$2,989,946$1,947,069$6,480,649
92$11,686,102$3,073,543$1,949,385$6,980,937
93$12,813,192$3,159,254$1,949,797$7,528,149
94$14,053,201$3,247,121$1,948,179$8,126,977
95$15,417,583$3,337,185$1,944,398$8,782,592
96$16,918,956$3,429,488$1,938,316$9,500,689
97$18,571,227$3,524,069$1,929,786$10,287,542
98$20,389,714$3,620,971$1,918,657$11,150,067
99$22,391,301$3,720,235$1,904,768$12,095,879
100$24,594,587$3,821,900$1,887,951$13,133,373