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%13.5%
1 years$131,301$130,131$128,990$127,876$126,789$124,946
2 years$65,000$63,790$62,617$61,479$60,376$58,523
3 years$42,903$41,687$40,517$39,390$38,305$36,499
4 years$31,857$30,645$29,486$28,378$27,319$25,576
5 years$25,231$24,026$22,882$21,797$20,768$19,091
6 years$20,815$19,619$18,492$17,432$16,433$14,824
7 years$17,662$16,476$15,367$14,331$13,364$11,825
8 years$15,298$14,123$13,033$12,022$11,087$9,617
9 years$13,460$12,296$11,225$10,240$9,337$7,935
10 years$11,991$10,839$9,786$8,827$7,955$6,620
11 years$10,790$9,649$8,616$7,682$6,842$5,573
12 years$9,790$8,661$7,646$6,738$5,929$4,724
13 years$8,944$7,827$6,831$5,949$5,170$4,028
14 years$8,220$7,114$6,138$5,281$4,532$3,451
15 years$7,593$6,499$5,542$4,710$3,991$2,968
16 years$7,044$5,963$5,024$4,217$3,527$2,562
17 years$6,561$5,491$4,572$3,789$3,127$2,217
18 years$6,132$5,074$4,174$3,415$2,781$1,923
19 years$5,749$4,703$3,821$3,085$2,478$1,672
20 years$5,404$4,370$3,507$2,794$2,214$1,456
21 years$5,092$4,071$3,225$2,536$1,981$1,270
22 years$4,810$3,800$2,973$2,306$1,776$1,109
23 years$4,552$3,554$2,745$2,100$1,594$969
24 years$4,316$3,330$2,538$1,915$1,433$848
25 years$4,099$3,125$2,351$1,749$1,289$743
26 years$3,900$2,937$2,180$1,599$1,161$651
27 years$3,715$2,764$2,025$1,464$1,047$571
28 years$3,544$2,604$1,882$1,341$945$501
29 years$3,385$2,457$1,752$1,230$853$440
30 years$3,237$2,320$1,632$1,129$771$386
31 years$3,098$2,193$1,521$1,037$697$339
32 years$2,969$2,075$1,419$953$630$298
33 years$2,847$1,965$1,325$876$570$262
34 years$2,734$1,863$1,238$806$517$231
35 years$2,626$1,767$1,158$742$468$203
36 years$2,525$1,677$1,083$683$424$179
37 years$2,430$1,593$1,014$630$384$157
38 years$2,340$1,514$949$580$348$138
39 years$2,255$1,439$889$535$316$122
40 years$2,174$1,369$833$494$286$107
41 years$2,097$1,304$782$455$260$94
42 years$2,024$1,241$733$420$236$83
43 years$1,955$1,183$688$388$214$73
44 years$1,889$1,128$646$358$194$64
45 years$1,826$1,075$606$331$176$57
46 years$1,766$1,026$569$306$160$50
47 years$1,709$979$535$282$145$44
48 years$1,655$934$503$261$132$39
49 years$1,602$892$473$241$120$34
50 years$1,552$852$444$223$109$30

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 $2,543 every year, while hoping to spend $58,726 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: 55/35/10 Blend
69$1,590,000$1,590,000$1,590,000$1,590,000
70$1,754,803$1,670,533$1,645,888$1,846,824
71$1,871,309$1,689,905$1,638,541$1,928,779
72$1,997,730$1,708,258$1,628,980$2,011,304
73$2,135,016$1,725,480$1,617,069$2,099,760
74$2,284,211$1,741,452$1,602,664$2,194,723
75$2,446,464$1,756,047$1,585,616$2,296,826
76$2,623,038$1,769,128$1,565,769$2,406,770
77$2,815,325$1,780,552$1,542,959$2,525,328
78$3,024,853$1,790,164$1,517,014$2,653,353
79$3,253,309$1,797,803$1,487,754$2,791,787
80$3,502,544$1,803,293$1,454,991$2,941,671
81$3,774,599$1,806,450$1,418,529$3,104,154
82$4,071,720$1,807,078$1,378,162$3,280,503
83$4,396,379$1,804,968$1,333,674$3,472,119
84$4,751,297$1,799,899$1,284,839$3,680,545
85$5,139,471$1,791,636$1,231,424$3,907,489
86$5,564,201$1,779,930$1,173,180$4,154,833
87$6,029,119$1,764,516$1,109,851$4,424,656
88$6,538,226$1,745,114$1,041,167$4,719,251
89$7,095,927$1,721,426$966,848$5,041,151
90$7,707,074$1,693,138$886,600$5,393,151
91$8,377,009$1,659,916$800,115$5,778,335
92$9,111,618$1,621,406$707,073$6,200,107
93$9,917,382$1,577,234$607,139$6,662,224
94$10,801,440$1,527,004$499,964$7,168,831
95$11,771,656$1,470,295$385,181$7,724,503
96$12,836,690$1,406,665$262,409$8,334,287
97$14,006,083$1,335,642$131,251$9,003,753
98$15,290,347$1,256,732$0$9,739,046
99$16,701,058$1,169,407$0$10,547,876
100$18,250,971$1,073,113$0$11,451,798