Can I retire at age 70 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$135,430$134,223$133,046$131,898$130,776$128,504
2 years$67,044$65,796$64,586$63,412$62,274$59,992
3 years$44,252$42,998$41,791$40,629$39,509$37,289
4 years$32,858$31,608$30,413$29,271$28,178$26,037
5 years$26,024$24,781$23,602$22,483$21,421$19,364
6 years$21,469$20,236$19,074$17,980$16,950$14,979
7 years$18,217$16,994$15,850$14,782$13,784$11,902
8 years$15,779$14,567$13,442$12,400$11,436$9,640
9 years$13,884$12,683$11,578$10,562$9,630$7,921
10 years$12,368$11,180$10,094$9,105$8,206$6,581
11 years$11,129$9,953$8,887$7,924$7,057$5,515
12 years$10,098$8,933$7,887$6,950$6,116$4,655
13 years$9,225$8,073$7,046$6,136$5,333$3,951
14 years$8,478$7,338$6,331$5,447$4,675$3,369
15 years$7,831$6,703$5,716$4,858$4,116$2,884
16 years$7,266$6,150$5,182$4,350$3,638$2,476
17 years$6,767$5,664$4,716$3,908$3,225$2,132
18 years$6,325$5,234$4,305$3,522$2,868$1,841
19 years$5,929$4,851$3,941$3,182$2,556$1,592
20 years$5,574$4,507$3,617$2,882$2,283$1,379
21 years$5,253$4,199$3,327$2,616$2,043$1,196
22 years$4,961$3,919$3,066$2,378$1,832$1,039
23 years$4,695$3,666$2,831$2,166$1,644$903
24 years$4,452$3,434$2,618$1,976$1,478$786
25 years$4,228$3,223$2,425$1,804$1,330$685
26 years$4,022$3,029$2,249$1,650$1,198$597
27 years$3,832$2,851$2,088$1,510$1,080$521
28 years$3,655$2,686$1,941$1,383$974$454
29 years$3,491$2,534$1,807$1,269$880$396
30 years$3,338$2,393$1,683$1,164$795$346
31 years$3,196$2,262$1,569$1,069$719$302
32 years$3,062$2,141$1,464$983$650$264
33 years$2,937$2,027$1,367$904$588$231
34 years$2,819$1,921$1,277$831$533$202
35 years$2,709$1,822$1,194$765$483$177
36 years$2,605$1,730$1,117$705$437$154
37 years$2,506$1,643$1,045$650$396$135
38 years$2,413$1,561$979$599$359$118
39 years$2,325$1,485$917$552$326$103
40 years$2,242$1,412$860$509$295$91
41 years$2,163$1,345$806$470$268$79
42 years$2,088$1,281$756$434$243$69
43 years$2,017$1,220$710$400$221$61
44 years$1,949$1,163$666$370$200$53
45 years$1,884$1,109$625$341$182$46
46 years$1,822$1,058$587$315$165$41
47 years$1,763$1,010$552$291$150$36
48 years$1,707$964$519$269$136$31
49 years$1,653$920$487$249$124$27
50 years$1,601$879$458$230$112$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,640,000, adding $3,495 every year, while hoping to spend $25,734 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: 65/16/19 Blend
69$1,640,000$1,640,000$1,640,000$1,640,000
70$1,810,885$1,723,965$1,698,545$1,919,732
71$1,968,215$1,781,059$1,728,066$2,050,301
72$2,140,729$1,840,087$1,757,713$2,189,672
73$2,329,951$1,901,119$1,787,463$2,341,368
74$2,537,555$1,964,223$1,817,292$2,506,598
75$2,765,388$2,029,472$1,847,174$2,686,690
76$3,015,484$2,096,943$1,877,081$2,883,109
77$3,290,083$2,166,712$1,906,983$3,097,467
78$3,591,652$2,238,862$1,936,847$3,331,538
79$3,922,909$2,313,474$1,966,640$3,587,277
80$4,286,849$2,390,638$1,996,326$3,866,837
81$4,686,771$2,470,442$2,025,866$4,172,588
82$5,126,308$2,552,981$2,055,219$4,507,141
83$5,609,466$2,638,351$2,084,343$4,873,371
84$6,140,654$2,726,653$2,113,191$5,274,447
85$6,724,732$2,817,990$2,141,714$5,713,857
86$7,367,055$2,912,472$2,169,862$6,195,446
87$8,073,521$3,010,210$2,197,579$6,723,445
88$8,850,630$3,111,321$2,224,808$7,302,520
89$9,705,544$3,215,924$2,251,488$7,937,807
90$10,646,151$3,324,146$2,277,555$8,634,968
91$11,681,145$3,436,116$2,302,940$9,400,237
92$12,820,105$3,551,969$2,327,571$10,240,485
93$14,073,584$3,671,844$2,351,373$11,163,279
94$15,453,212$3,795,887$2,374,267$12,176,959
95$16,971,802$3,924,247$2,396,167$13,290,711
96$18,643,472$4,057,082$2,416,985$14,514,657
97$20,483,780$4,194,553$2,436,628$15,859,951
98$22,509,868$4,336,828$2,454,997$17,338,880
99$24,740,624$4,484,082$2,471,989$18,964,982
100$27,196,862$4,636,496$2,487,495$20,753,177