Can I retire at age 70 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$131,301$130,131$128,990$127,876$126,789$125,884
2 years$65,000$63,790$62,617$61,479$60,376$59,464
3 years$42,903$41,687$40,517$39,390$38,305$37,413
4 years$31,857$30,645$29,486$28,378$27,319$26,455
5 years$25,231$24,026$22,882$21,797$20,768$19,934
6 years$20,815$19,619$18,492$17,432$16,433$15,630
7 years$17,662$16,476$15,367$14,331$13,364$12,593
8 years$15,298$14,123$13,033$12,022$11,087$10,347
9 years$13,460$12,296$11,225$10,240$9,337$8,629
10 years$11,991$10,839$9,786$8,827$7,955$7,278
11 years$10,790$9,649$8,616$7,682$6,842$6,195
12 years$9,790$8,661$7,646$6,738$5,929$5,312
13 years$8,944$7,827$6,831$5,949$5,170$4,583
14 years$8,220$7,114$6,138$5,281$4,532$3,973
15 years$7,593$6,499$5,542$4,710$3,991$3,459
16 years$7,044$5,963$5,024$4,217$3,527$3,023
17 years$6,561$5,491$4,572$3,789$3,127$2,649
18 years$6,132$5,074$4,174$3,415$2,781$2,328
19 years$5,749$4,703$3,821$3,085$2,478$2,050
20 years$5,404$4,370$3,507$2,794$2,214$1,809
21 years$5,092$4,071$3,225$2,536$1,981$1,599
22 years$4,810$3,800$2,973$2,306$1,776$1,415
23 years$4,552$3,554$2,745$2,100$1,594$1,254
24 years$4,316$3,330$2,538$1,915$1,433$1,113
25 years$4,099$3,125$2,351$1,749$1,289$989
26 years$3,900$2,937$2,180$1,599$1,161$879
27 years$3,715$2,764$2,025$1,464$1,047$782
28 years$3,544$2,604$1,882$1,341$945$696
29 years$3,385$2,457$1,752$1,230$853$620
30 years$3,237$2,320$1,632$1,129$771$553
31 years$3,098$2,193$1,521$1,037$697$493
32 years$2,969$2,075$1,419$953$630$440
33 years$2,847$1,965$1,325$876$570$392
34 years$2,734$1,863$1,238$806$517$350
35 years$2,626$1,767$1,158$742$468$313
36 years$2,525$1,677$1,083$683$424$280
37 years$2,430$1,593$1,014$630$384$250
38 years$2,340$1,514$949$580$348$223
39 years$2,255$1,439$889$535$316$199
40 years$2,174$1,369$833$494$286$178
41 years$2,097$1,304$782$455$260$159
42 years$2,024$1,241$733$420$236$143
43 years$1,955$1,183$688$388$214$128
44 years$1,889$1,128$646$358$194$114
45 years$1,826$1,075$606$331$176$102
46 years$1,766$1,026$569$306$160$91
47 years$1,709$979$535$282$145$82
48 years$1,655$934$503$261$132$73
49 years$1,602$892$473$241$120$65
50 years$1,552$852$444$223$109$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,590,000, adding $4,243 every year, while hoping to spend $35,256 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: 26/48/26 Blend
69$1,590,000$1,590,000$1,590,000$1,590,000
70$1,756,557$1,672,287$1,647,642$1,787,799
71$1,898,213$1,716,717$1,665,326$1,857,971
72$2,053,137$1,762,142$1,682,420$1,929,895
73$2,222,645$1,808,574$1,698,869$2,006,333
74$2,408,185$1,856,025$1,714,611$2,087,690
75$2,611,353$1,904,503$1,729,584$2,174,412
76$2,833,906$1,954,019$1,743,720$2,266,987
77$3,077,781$2,004,582$1,756,951$2,365,958
78$3,345,107$2,056,199$1,769,201$2,471,918
79$3,638,232$2,108,877$1,780,394$2,585,522
80$3,959,742$2,162,622$1,790,447$2,707,493
81$4,312,483$2,217,438$1,799,275$2,838,626
82$4,699,593$2,273,330$1,806,787$2,979,796
83$5,124,526$2,330,297$1,812,889$3,131,969
84$5,591,088$2,388,342$1,817,481$3,296,210
85$6,103,470$2,447,462$1,820,458$3,473,690
86$6,666,292$2,507,656$1,821,711$3,665,702
87$7,284,640$2,568,917$1,821,124$3,873,670
88$7,964,118$2,631,239$1,818,577$4,099,164
89$8,710,901$2,694,613$1,813,943$4,343,915
90$9,531,791$2,759,027$1,807,088$4,609,829
91$10,434,282$2,824,467$1,797,873$4,899,011
92$11,426,630$2,890,917$1,786,153$5,213,777
93$12,517,931$2,958,357$1,771,774$5,556,683
94$13,718,206$3,026,763$1,754,575$5,930,545
95$15,038,499$3,096,109$1,734,388$6,338,470
96$16,490,973$3,166,367$1,711,038$6,783,881
97$18,089,035$3,237,501$1,684,340$7,270,552
98$19,847,452$3,309,474$1,654,101$7,802,643
99$21,782,498$3,382,244$1,620,119$8,384,743
100$23,912,102$3,455,763$1,582,183$9,021,907