Can I retire at age 70 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$134,604$133,405$132,235$131,093$129,978$128,728
2 years$66,636$65,395$64,192$63,026$61,895$60,635
3 years$43,982$42,736$41,536$40,381$39,268$38,039
4 years$32,658$31,416$30,228$29,092$28,007$26,816
5 years$25,865$24,630$23,458$22,346$21,290$20,143
6 years$21,338$20,112$18,958$17,870$16,846$15,743
7 years$18,106$16,890$15,754$14,692$13,700$12,642
8 years$15,683$14,478$13,361$12,325$11,366$10,352
9 years$13,799$12,606$11,507$10,498$9,572$8,602
10 years$12,293$11,111$10,032$9,049$8,156$7,230
11 years$11,061$9,892$8,832$7,876$7,014$6,131
12 years$10,036$8,878$7,839$6,908$6,078$5,238
13 years$9,169$8,023$7,003$6,099$5,300$4,501
14 years$8,426$7,293$6,292$5,414$4,646$3,887
15 years$7,784$6,662$5,681$4,828$4,091$3,371
16 years$7,222$6,113$5,151$4,323$3,616$2,933
17 years$6,726$5,629$4,687$3,884$3,206$2,560
18 years$6,286$5,202$4,279$3,500$2,850$2,240
19 years$5,893$4,821$3,917$3,163$2,541$1,964
20 years$5,540$4,480$3,595$2,865$2,269$1,725
21 years$5,221$4,173$3,306$2,600$2,031$1,518
22 years$4,931$3,895$3,047$2,364$1,820$1,338
23 years$4,666$3,643$2,814$2,153$1,634$1,181
24 years$4,425$3,413$2,602$1,964$1,469$1,043
25 years$4,202$3,203$2,410$1,793$1,322$922
26 years$3,998$3,011$2,235$1,640$1,190$816
27 years$3,808$2,833$2,076$1,501$1,073$722
28 years$3,633$2,670$1,930$1,375$968$640
29 years$3,470$2,519$1,796$1,261$875$567
30 years$3,318$2,379$1,673$1,157$790$503
31 years$3,176$2,249$1,559$1,063$714$447
32 years$3,043$2,128$1,455$977$646$396
33 years$2,919$2,015$1,358$898$585$352
34 years$2,802$1,910$1,269$826$529$313
35 years$2,692$1,811$1,187$761$480$278
36 years$2,589$1,719$1,110$701$435$247
37 years$2,491$1,633$1,039$646$394$220
38 years$2,399$1,552$973$595$357$195
39 years$2,311$1,476$912$549$324$174
40 years$2,228$1,404$854$506$294$154
41 years$2,150$1,336$801$467$266$137
42 years$2,075$1,273$752$431$242$122
43 years$2,004$1,213$705$398$219$109
44 years$1,937$1,156$662$367$199$97
45 years$1,872$1,102$622$339$181$86
46 years$1,811$1,052$584$313$164$77
47 years$1,752$1,003$548$289$149$68
48 years$1,696$958$515$267$135$61
49 years$1,643$915$484$247$123$54
50 years$1,591$874$455$228$112$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,630,000, adding $3,241 every year, while hoping to spend $34,025 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: 46/26/28 Blend
69$1,630,000$1,630,000$1,630,000$1,630,000
70$1,799,603$1,713,213$1,687,948$1,867,744
71$1,946,960$1,760,958$1,708,292$1,964,082
72$2,108,208$1,809,902$1,728,177$2,065,003
73$2,284,726$1,860,069$1,747,552$2,173,854
74$2,478,035$1,911,480$1,766,363$2,291,396
75$2,689,811$1,964,158$1,784,552$2,418,467
76$2,921,897$2,018,127$1,802,059$2,555,991
77$3,176,324$2,073,409$1,818,822$2,704,985
78$3,455,329$2,130,026$1,834,772$2,866,570
79$3,761,375$2,188,000$1,849,840$3,041,981
80$4,097,177$2,247,353$1,863,951$3,232,578
81$4,465,723$2,308,107$1,877,027$3,439,860
82$4,870,305$2,370,284$1,888,987$3,665,477
83$5,314,551$2,433,902$1,899,743$3,911,249
84$5,802,456$2,498,984$1,909,204$4,179,180
85$6,338,420$2,565,548$1,917,276$4,471,479
86$6,927,292$2,633,613$1,923,858$4,790,580
87$7,574,413$2,703,197$1,928,845$5,139,166
88$8,285,667$2,774,318$1,932,125$5,520,191
89$9,067,538$2,846,992$1,933,584$5,936,913
90$9,927,166$2,921,234$1,933,098$6,392,922
91$10,872,420$2,997,058$1,930,540$6,892,172
92$11,911,970$3,074,476$1,925,776$7,439,024
93$13,055,367$3,153,502$1,918,666$8,038,281
94$14,313,134$3,234,143$1,909,061$8,695,239
95$15,696,866$3,316,408$1,896,807$9,415,732
96$17,219,338$3,400,304$1,881,742$10,206,191
97$18,894,626$3,485,835$1,863,696$11,073,705
98$20,738,240$3,573,002$1,842,491$12,026,084
99$22,767,267$3,661,806$1,817,941$13,071,936
100$25,000,538$3,752,244$1,789,852$14,220,751