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%13.9%
1 years$133,778$132,586$131,424$130,289$129,181$127,093
2 years$66,227$64,993$63,798$62,639$61,515$59,417
3 years$43,713$42,474$41,282$40,133$39,028$36,985
4 years$32,458$31,223$30,042$28,914$27,835$25,864
5 years$25,707$24,479$23,314$22,209$21,160$19,265
6 years$21,207$19,989$18,841$17,760$16,743$14,928
7 years$17,995$16,787$15,657$14,602$13,616$11,881
8 years$15,586$14,389$13,279$12,249$11,296$9,640
9 years$13,714$12,528$11,437$10,434$9,513$7,935
10 years$12,217$11,043$9,971$8,994$8,106$6,605
11 years$10,994$9,831$8,778$7,827$6,971$5,546
12 years$9,974$8,824$7,790$6,866$6,041$4,689
13 years$9,113$7,974$6,960$6,061$5,268$3,988
14 years$8,375$7,248$6,254$5,381$4,618$3,407
15 years$7,736$6,622$5,646$4,798$4,066$2,923
16 years$7,177$6,075$5,119$4,297$3,593$2,515
17 years$6,685$5,595$4,658$3,860$3,186$2,171
18 years$6,248$5,170$4,252$3,479$2,833$1,877
19 years$5,857$4,791$3,893$3,144$2,525$1,627
20 years$5,506$4,452$3,573$2,847$2,255$1,413
21 years$5,189$4,147$3,286$2,584$2,018$1,228
22 years$4,900$3,871$3,029$2,349$1,809$1,069
23 years$4,638$3,621$2,797$2,140$1,624$932
24 years$4,397$3,392$2,586$1,951$1,460$813
25 years$4,177$3,184$2,395$1,782$1,314$710
26 years$3,973$2,992$2,222$1,630$1,183$620
27 years$3,785$2,816$2,063$1,492$1,067$542
28 years$3,611$2,653$1,918$1,367$963$474
29 years$3,449$2,503$1,785$1,253$869$415
30 years$3,298$2,364$1,662$1,150$785$363
31 years$3,157$2,235$1,550$1,056$710$318
32 years$3,025$2,115$1,446$971$642$279
33 years$2,901$2,003$1,350$893$581$244
34 years$2,785$1,898$1,261$821$526$214
35 years$2,676$1,800$1,179$756$477$188
36 years$2,573$1,709$1,103$696$432$165
37 years$2,476$1,623$1,033$642$391$144
38 years$2,384$1,542$967$591$355$127
39 years$2,297$1,467$906$545$322$111
40 years$2,215$1,395$849$503$292$97
41 years$2,137$1,328$796$464$265$85
42 years$2,062$1,265$747$428$240$75
43 years$1,992$1,205$701$395$218$66
44 years$1,925$1,149$658$365$198$58
45 years$1,861$1,095$618$337$180$51
46 years$1,800$1,045$580$311$163$44
47 years$1,742$997$545$288$148$39
48 years$1,686$952$512$266$135$34
49 years$1,633$909$481$246$122$30
50 years$1,582$868$453$227$111$26

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 $4,578 every year, while hoping to spend $50,315 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: 72/12/16 Blend
69$1,620,000$1,620,000$1,620,000$1,620,000
70$1,789,962$1,704,102$1,678,992$1,911,978
71$1,919,004$1,734,068$1,681,704$2,023,519
72$2,059,521$1,763,817$1,682,820$2,139,083
73$2,212,631$1,793,283$1,682,234$2,264,326
74$2,379,565$1,822,399$1,679,833$2,400,198
75$2,561,675$1,851,091$1,675,502$2,547,744
76$2,760,451$1,879,280$1,669,117$2,708,115
77$2,977,533$1,906,881$1,660,548$2,882,581
78$3,214,726$1,933,803$1,649,662$3,072,540
79$3,474,018$1,959,949$1,636,315$3,279,534
80$3,757,596$1,985,215$1,620,360$3,505,262
81$4,067,870$2,009,489$1,601,641$3,751,595
82$4,407,493$2,032,654$1,579,996$4,020,596
83$4,779,385$2,054,581$1,555,253$4,314,539
84$5,186,763$2,075,137$1,527,235$4,635,931
85$5,633,170$2,094,176$1,495,754$4,987,533
86$6,122,507$2,111,544$1,460,616$5,372,389
87$6,659,071$2,127,078$1,421,615$5,793,854
88$7,247,595$2,140,604$1,378,538$6,255,627
89$7,893,292$2,151,935$1,331,161$6,761,782
90$8,601,902$2,160,875$1,279,250$7,316,813
91$9,379,751$2,167,212$1,222,559$7,925,670
92$10,233,805$2,170,725$1,160,834$8,593,811
93$11,171,737$2,171,175$1,093,807$9,327,252
94$12,202,003$2,168,311$1,021,198$10,132,621
95$13,333,914$2,161,865$942,715$11,017,226
96$14,577,730$2,151,553$858,052$11,989,123
97$15,944,754$2,137,075$766,893$13,057,187
98$17,447,437$2,118,110$668,902$14,231,205
99$19,099,498$2,094,320$563,732$15,521,961
100$20,916,051$2,065,345$451,021$16,941,341