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%11.8%
1 years$131,301$130,131$128,990$127,876$126,789$125,832
2 years$65,000$63,790$62,617$61,479$60,376$59,411
3 years$42,903$41,687$40,517$39,390$38,305$37,362
4 years$31,857$30,645$29,486$28,378$27,319$26,406
5 years$25,231$24,026$22,882$21,797$20,768$19,886
6 years$20,815$19,619$18,492$17,432$16,433$15,584
7 years$17,662$16,476$15,367$14,331$13,364$12,549
8 years$15,298$14,123$13,033$12,022$11,087$10,305
9 years$13,460$12,296$11,225$10,240$9,337$8,589
10 years$11,991$10,839$9,786$8,827$7,955$7,240
11 years$10,790$9,649$8,616$7,682$6,842$6,159
12 years$9,790$8,661$7,646$6,738$5,929$5,278
13 years$8,944$7,827$6,831$5,949$5,170$4,550
14 years$8,220$7,114$6,138$5,281$4,532$3,942
15 years$7,593$6,499$5,542$4,710$3,991$3,430
16 years$7,044$5,963$5,024$4,217$3,527$2,995
17 years$6,561$5,491$4,572$3,789$3,127$2,623
18 years$6,132$5,074$4,174$3,415$2,781$2,303
19 years$5,749$4,703$3,821$3,085$2,478$2,027
20 years$5,404$4,370$3,507$2,794$2,214$1,787
21 years$5,092$4,071$3,225$2,536$1,981$1,579
22 years$4,810$3,800$2,973$2,306$1,776$1,396
23 years$4,552$3,554$2,745$2,100$1,594$1,237
24 years$4,316$3,330$2,538$1,915$1,433$1,097
25 years$4,099$3,125$2,351$1,749$1,289$973
26 years$3,900$2,937$2,180$1,599$1,161$864
27 years$3,715$2,764$2,025$1,464$1,047$769
28 years$3,544$2,604$1,882$1,341$945$684
29 years$3,385$2,457$1,752$1,230$853$609
30 years$3,237$2,320$1,632$1,129$771$542
31 years$3,098$2,193$1,521$1,037$697$483
32 years$2,969$2,075$1,419$953$630$430
33 years$2,847$1,965$1,325$876$570$384
34 years$2,734$1,863$1,238$806$517$342
35 years$2,626$1,767$1,158$742$468$306
36 years$2,525$1,677$1,083$683$424$273
37 years$2,430$1,593$1,014$630$384$243
38 years$2,340$1,514$949$580$348$217
39 years$2,255$1,439$889$535$316$194
40 years$2,174$1,369$833$494$286$173
41 years$2,097$1,304$782$455$260$155
42 years$2,024$1,241$733$420$236$138
43 years$1,955$1,183$688$388$214$124
44 years$1,889$1,128$646$358$194$111
45 years$1,826$1,075$606$331$176$99
46 years$1,766$1,026$569$306$160$88
47 years$1,709$979$535$282$145$79
48 years$1,655$934$503$261$132$71
49 years$1,602$892$473$241$120$63
50 years$1,552$852$444$223$109$56

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 $6,530 every year, while hoping to spend $51,200 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: 78/9/13 Blend
69$1,590,000$1,590,000$1,590,000$1,590,000
70$1,758,916$1,674,646$1,650,001$1,891,088
71$1,883,849$1,702,227$1,650,799$2,006,593
72$2,019,809$1,729,444$1,649,909$2,126,060
73$2,167,867$1,756,224$1,647,218$2,255,648
74$2,329,201$1,782,491$1,642,612$2,396,347
75$2,505,108$1,808,161$1,635,968$2,549,247
76$2,697,015$1,833,147$1,627,158$2,715,549
77$2,906,492$1,857,353$1,616,050$2,896,577
78$3,135,269$1,880,678$1,602,502$3,093,789
79$3,385,249$1,903,014$1,586,369$3,308,792
80$3,658,528$1,924,245$1,567,496$3,543,354
81$3,957,413$1,944,248$1,545,722$3,799,427
82$4,284,445$1,962,892$1,520,879$4,079,159
83$4,642,419$1,980,035$1,492,790$4,384,918
84$5,034,418$1,995,528$1,461,270$4,719,312
85$5,463,832$2,009,212$1,426,126$5,085,216
86$5,934,397$2,020,918$1,387,156$5,485,799
87$6,450,228$2,030,465$1,344,148$5,924,550
88$7,015,855$2,037,662$1,296,880$6,405,318
89$7,636,268$2,042,303$1,245,122$6,932,341
90$8,316,964$2,044,173$1,188,630$7,510,293
91$9,063,999$2,043,042$1,127,153$8,144,320
92$9,884,039$2,038,664$1,060,426$8,840,098
93$10,784,433$2,030,780$988,172$9,603,879
94$11,773,272$2,019,115$910,102$10,442,554
95$12,859,470$2,003,376$825,915$11,363,720
96$14,052,849$1,983,254$735,296$12,375,744
97$15,364,226$1,958,419$637,915$13,487,852
98$16,805,520$1,928,525$533,428$14,710,209
99$18,389,861$1,893,201$421,476$16,054,020
100$20,131,716$1,852,057$301,684$17,531,631