Can I retire at age 70 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$132,952$131,768$130,613$129,485$128,384$124,523
2 years$65,818$64,592$63,404$62,252$61,135$57,278
3 years$43,443$42,212$41,027$39,886$38,787$35,055
4 years$32,257$31,030$29,857$28,735$27,663$24,084
5 years$25,548$24,328$23,170$22,072$21,029$17,613
6 years$21,076$19,866$18,725$17,651$16,639$13,389
7 years$17,884$16,683$15,561$14,512$13,532$10,448
8 years$15,490$14,300$13,197$12,173$11,226$8,306
9 years$13,630$12,451$11,366$10,369$9,454$6,694
10 years$12,142$10,975$9,909$8,938$8,055$5,453
11 years$10,926$9,770$8,724$7,779$6,928$4,477
12 years$9,913$8,769$7,742$6,823$6,004$3,701
13 years$9,056$7,925$6,917$6,024$5,235$3,074
14 years$8,323$7,204$6,215$5,347$4,589$2,565
15 years$7,688$6,581$5,611$4,769$4,041$2,147
16 years$7,133$6,038$5,088$4,270$3,571$1,802
17 years$6,644$5,560$4,630$3,837$3,166$1,516
18 years$6,209$5,138$4,226$3,458$2,815$1,278
19 years$5,821$4,762$3,869$3,124$2,509$1,079
20 years$5,472$4,425$3,551$2,830$2,242$913
21 years$5,157$4,122$3,266$2,568$2,006$773
22 years$4,870$3,847$3,010$2,335$1,798$655
23 years$4,609$3,598$2,779$2,126$1,614$555
24 years$4,370$3,372$2,570$1,939$1,451$471
25 years$4,151$3,164$2,381$1,771$1,305$400
26 years$3,949$2,974$2,208$1,619$1,176$340
27 years$3,762$2,799$2,050$1,482$1,060$289
28 years$3,588$2,637$1,906$1,358$957$245
29 years$3,427$2,488$1,774$1,245$864$209
30 years$3,277$2,349$1,652$1,143$780$178
31 years$3,137$2,221$1,540$1,050$706$151
32 years$3,006$2,102$1,437$965$638$129
33 years$2,883$1,990$1,342$887$578$109
34 years$2,768$1,886$1,254$816$523$93
35 years$2,659$1,789$1,172$751$474$79
36 years$2,557$1,698$1,096$692$429$67
37 years$2,461$1,613$1,026$638$389$57
38 years$2,369$1,533$961$588$353$49
39 years$2,283$1,457$900$542$320$42
40 years$2,201$1,387$844$500$290$35
41 years$2,123$1,320$791$461$263$30
42 years$2,050$1,257$742$426$239$26
43 years$1,980$1,198$697$393$217$22
44 years$1,913$1,142$654$363$197$19
45 years$1,849$1,089$614$335$179$16
46 years$1,789$1,039$577$309$162$14
47 years$1,731$991$542$286$147$12
48 years$1,675$946$509$264$134$10
49 years$1,623$904$479$244$121$8
50 years$1,572$863$450$226$110$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,610,000, adding $2,147 every year, while hoping to spend $47,447 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: 40/40/20 Blend
69$1,610,000$1,610,000$1,610,000$1,610,000
70$1,776,435$1,691,105$1,666,150$1,836,884
71$1,907,148$1,723,486$1,671,482$1,912,728
72$2,049,603$1,755,863$1,675,404$1,990,025
73$2,204,949$1,788,186$1,677,816$2,072,673
74$2,374,448$1,820,402$1,678,617$2,161,185
75$2,559,491$1,852,450$1,677,700$2,256,127
76$2,761,608$1,884,269$1,674,951$2,358,124
77$2,982,483$1,915,790$1,670,254$2,467,866
78$3,223,973$1,946,940$1,663,484$2,586,114
79$3,488,119$1,977,641$1,654,511$2,713,709
80$3,777,169$2,007,807$1,643,199$2,851,580
81$4,093,601$2,037,350$1,629,407$3,000,749
82$4,440,140$2,066,172$1,612,984$3,162,348
83$4,819,789$2,094,170$1,593,773$3,337,624
84$5,235,855$2,121,232$1,571,613$3,527,956
85$5,691,980$2,147,240$1,546,330$3,734,862
86$6,192,175$2,172,068$1,517,745$3,960,022
87$6,740,858$2,195,580$1,485,670$4,205,287
88$7,342,894$2,217,632$1,449,909$4,472,701
89$8,003,644$2,238,071$1,410,255$4,764,520
90$8,729,011$2,256,732$1,366,494$5,083,234
91$9,525,499$2,273,440$1,318,401$5,431,588
92$10,400,272$2,288,011$1,265,739$5,812,615
93$11,361,222$2,300,245$1,208,263$6,229,659
94$12,417,042$2,309,933$1,145,716$6,686,413
95$13,577,311$2,316,850$1,077,828$7,186,947
96$14,852,580$2,320,759$1,004,318$7,735,755
97$16,254,473$2,321,406$924,893$8,337,796
98$17,795,797$2,318,523$839,245$8,998,538
99$19,490,663$2,311,826$747,054$9,724,015
100$21,354,616$2,301,010$647,985$10,520,884