Can I retire at age 70 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$130,475$129,313$128,179$127,072$125,991$123,196
2 years$64,592$63,389$62,223$61,092$59,996$57,194
3 years$42,633$41,425$40,262$39,142$38,064$35,343
4 years$31,656$30,452$29,301$28,200$27,147$24,529
5 years$25,072$23,875$22,738$21,660$20,637$18,128
6 years$20,684$19,495$18,376$17,322$16,329$13,932
7 years$17,550$16,372$15,271$14,241$13,280$10,995
8 years$15,202$14,034$12,951$11,947$11,017$8,844
9 years$13,376$12,219$11,154$10,176$9,278$7,215
10 years$11,916$10,771$9,725$8,772$7,905$5,950
11 years$10,722$9,588$8,561$7,634$6,799$4,949
12 years$9,728$8,606$7,598$6,696$5,892$4,144
13 years$8,888$7,777$6,788$5,912$5,138$3,490
14 years$8,168$7,069$6,099$5,248$4,504$2,951
15 years$7,545$6,458$5,507$4,680$3,965$2,506
16 years$7,000$5,925$4,993$4,190$3,505$2,134
17 years$6,520$5,457$4,543$3,765$3,107$1,822
18 years$6,093$5,042$4,147$3,393$2,763$1,558
19 years$5,712$4,673$3,797$3,066$2,463$1,336
20 years$5,370$4,343$3,484$2,777$2,200$1,147
21 years$5,060$4,045$3,205$2,520$1,969$986
22 years$4,779$3,776$2,954$2,291$1,765$848
23 years$4,523$3,531$2,727$2,087$1,584$731
24 years$4,289$3,309$2,522$1,903$1,424$630
25 years$4,073$3,105$2,336$1,738$1,281$544
26 years$3,875$2,918$2,167$1,589$1,154$469
27 years$3,692$2,746$2,012$1,455$1,040$405
28 years$3,521$2,588$1,870$1,333$939$350
29 years$3,363$2,441$1,741$1,222$848$303
30 years$3,216$2,306$1,621$1,122$766$262
31 years$3,079$2,180$1,512$1,030$692$226
32 years$2,950$2,062$1,410$947$626$196
33 years$2,830$1,953$1,317$871$567$170
34 years$2,716$1,851$1,230$801$513$147
35 years$2,610$1,756$1,150$737$465$127
36 years$2,509$1,666$1,076$679$421$110
37 years$2,415$1,583$1,007$626$382$95
38 years$2,325$1,504$943$577$346$82
39 years$2,240$1,430$884$532$314$71
40 years$2,160$1,361$828$491$285$62
41 years$2,084$1,295$777$453$258$54
42 years$2,012$1,234$728$418$234$46
43 years$1,943$1,175$684$386$213$40
44 years$1,877$1,120$642$356$193$35
45 years$1,815$1,068$603$329$175$30
46 years$1,755$1,019$566$304$159$26
47 years$1,699$973$532$281$144$23
48 years$1,644$929$500$259$131$20
49 years$1,592$887$470$240$119$17
50 years$1,543$847$441$221$108$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,580,000, adding $2,876 every year, while hoping to spend $54,146 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: 58/16/26 Blend
69$1,580,000$1,580,000$1,580,000$1,580,000
70$1,744,127$1,660,387$1,635,897$1,832,812
71$1,864,417$1,684,135$1,633,088$1,917,515
72$1,995,161$1,707,232$1,628,371$2,003,828
73$2,137,370$1,729,588$1,621,624$2,096,803
74$2,292,154$1,751,110$1,612,720$2,197,100
75$2,460,733$1,771,694$1,601,526$2,305,447
76$2,644,453$1,791,232$1,587,902$2,422,648
77$2,844,794$1,809,609$1,571,703$2,549,589
78$3,063,383$1,826,700$1,552,776$2,687,251
79$3,302,014$1,842,374$1,530,959$2,836,713
80$3,562,659$1,856,490$1,506,086$2,999,169
81$3,847,491$1,868,899$1,477,981$3,175,934
82$4,158,901$1,879,441$1,446,459$3,368,462
83$4,499,523$1,887,948$1,411,329$3,578,355
84$4,872,255$1,894,238$1,372,390$3,807,382
85$5,280,290$1,898,120$1,329,429$4,057,495
86$5,727,142$1,899,391$1,282,229$4,330,847
87$6,216,684$1,897,835$1,230,557$4,629,816
88$6,753,179$1,893,221$1,174,173$4,957,022
89$7,341,322$1,885,308$1,112,826$5,315,359
90$7,986,283$1,873,834$1,046,253$5,708,018
91$8,693,759$1,858,528$974,177$6,138,520
92$9,470,024$1,839,096$896,313$6,610,748
93$10,321,986$1,815,232$812,360$7,128,988
94$11,257,259$1,786,608$722,004$7,697,965
95$12,284,225$1,752,879$624,917$8,322,892
96$13,412,123$1,713,676$520,758$9,009,519
97$14,651,125$1,668,612$409,169$9,764,190
98$16,012,441$1,617,275$289,778$10,593,898
99$17,508,418$1,559,230$162,194$11,506,359
100$19,152,661$1,494,016$26,011$12,510,082