Can I retire at age 70 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$133,778$132,586$131,424$130,289$129,181$127,198
2 years$66,227$64,993$63,798$62,639$61,515$59,522
3 years$43,713$42,474$41,282$40,133$39,028$37,086
4 years$32,458$31,223$30,042$28,914$27,835$25,961
5 years$25,707$24,479$23,314$22,209$21,160$19,358
6 years$21,207$19,989$18,841$17,760$16,743$15,016
7 years$17,995$16,787$15,657$14,602$13,616$11,964
8 years$15,586$14,389$13,279$12,249$11,296$9,719
9 years$13,714$12,528$11,437$10,434$9,513$8,009
10 years$12,217$11,043$9,971$8,994$8,106$6,675
11 years$10,994$9,831$8,778$7,827$6,971$5,611
12 years$9,974$8,824$7,790$6,866$6,041$4,751
13 years$9,113$7,974$6,960$6,061$5,268$4,046
14 years$8,375$7,248$6,254$5,381$4,618$3,461
15 years$7,736$6,622$5,646$4,798$4,066$2,973
16 years$7,177$6,075$5,119$4,297$3,593$2,562
17 years$6,685$5,595$4,658$3,860$3,186$2,214
18 years$6,248$5,170$4,252$3,479$2,833$1,918
19 years$5,857$4,791$3,893$3,144$2,525$1,665
20 years$5,506$4,452$3,573$2,847$2,255$1,448
21 years$5,189$4,147$3,286$2,584$2,018$1,261
22 years$4,900$3,871$3,029$2,349$1,809$1,099
23 years$4,638$3,621$2,797$2,140$1,624$959
24 years$4,397$3,392$2,586$1,951$1,460$838
25 years$4,177$3,184$2,395$1,782$1,314$733
26 years$3,973$2,992$2,222$1,630$1,183$641
27 years$3,785$2,816$2,063$1,492$1,067$562
28 years$3,611$2,653$1,918$1,367$963$492
29 years$3,449$2,503$1,785$1,253$869$431
30 years$3,298$2,364$1,662$1,150$785$378
31 years$3,157$2,235$1,550$1,056$710$332
32 years$3,025$2,115$1,446$971$642$291
33 years$2,901$2,003$1,350$893$581$256
34 years$2,785$1,898$1,261$821$526$224
35 years$2,676$1,800$1,179$756$477$197
36 years$2,573$1,709$1,103$696$432$173
37 years$2,476$1,623$1,033$642$391$152
38 years$2,384$1,542$967$591$355$134
39 years$2,297$1,467$906$545$322$117
40 years$2,215$1,395$849$503$292$103
41 years$2,137$1,328$796$464$265$91
42 years$2,062$1,265$747$428$240$80
43 years$1,992$1,205$701$395$218$70
44 years$1,925$1,149$658$365$198$62
45 years$1,861$1,095$618$337$180$54
46 years$1,800$1,045$580$311$163$48
47 years$1,742$997$545$288$148$42
48 years$1,686$952$512$266$135$37
49 years$1,633$909$481$246$122$32
50 years$1,582$868$453$227$111$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,620,000, adding $4,751 every year, while hoping to spend $38,592 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: 28/46/26 Blend
69$1,620,000$1,620,000$1,620,000$1,620,000
70$1,790,141$1,704,281$1,679,171$1,825,666
71$1,931,673$1,746,729$1,694,361$1,896,651
72$2,086,349$1,789,964$1,708,767$1,969,189
73$2,255,467$1,833,983$1,722,322$2,046,335
74$2,440,460$1,878,782$1,734,954$2,128,511
75$2,642,902$1,924,358$1,746,590$2,216,180
76$2,864,528$1,970,702$1,757,152$2,309,853
77$3,107,251$2,017,807$1,766,557$2,410,095
78$3,373,172$2,065,661$1,774,719$2,517,526
79$3,664,611$2,114,254$1,781,547$2,632,832
80$3,984,119$2,163,570$1,786,946$2,756,766
81$4,334,507$2,213,593$1,790,817$2,890,162
82$4,718,871$2,264,303$1,793,053$3,033,937
83$5,140,620$2,315,678$1,793,545$3,189,104
84$5,603,512$2,367,695$1,792,177$3,356,778
85$6,111,682$2,420,324$1,788,827$3,538,191
86$6,669,690$2,473,536$1,783,369$3,734,699
87$7,282,554$2,527,295$1,775,667$3,947,799
88$7,955,806$2,581,564$1,765,584$4,179,142
89$8,695,538$2,636,300$1,752,971$4,430,548
90$9,508,463$2,691,459$1,737,675$4,704,026
91$10,401,974$2,746,988$1,719,535$5,001,788
92$11,384,218$2,802,834$1,698,382$5,326,276
93$12,464,170$2,858,934$1,674,040$5,680,185
94$13,651,719$2,915,225$1,646,324$6,066,483
95$14,957,758$2,971,635$1,615,039$6,488,445
96$16,394,290$3,028,086$1,579,984$6,949,684
97$17,974,539$3,084,494$1,540,945$7,454,184
98$19,713,077$3,140,769$1,497,702$8,006,335
99$21,625,958$3,196,814$1,450,022$8,610,984
100$23,730,871$3,252,523$1,397,662$9,273,473