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

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$135,430$134,223$133,046$131,898$130,776$127,822
2 years$67,044$65,796$64,586$63,412$62,274$59,314
3 years$44,252$42,998$41,791$40,629$39,509$36,635
4 years$32,858$31,608$30,413$29,271$28,178$25,413
5 years$26,024$24,781$23,602$22,483$21,421$18,771
6 years$21,469$20,236$19,074$17,980$16,950$14,419
7 years$18,217$16,994$15,850$14,782$13,784$11,373
8 years$15,779$14,567$13,442$12,400$11,436$9,143
9 years$13,884$12,683$11,578$10,562$9,630$7,454
10 years$12,368$11,180$10,094$9,105$8,206$6,144
11 years$11,129$9,953$8,887$7,924$7,057$5,107
12 years$10,098$8,933$7,887$6,950$6,116$4,273
13 years$9,225$8,073$7,046$6,136$5,333$3,596
14 years$8,478$7,338$6,331$5,447$4,675$3,039
15 years$7,831$6,703$5,716$4,858$4,116$2,578
16 years$7,266$6,150$5,182$4,350$3,638$2,194
17 years$6,767$5,664$4,716$3,908$3,225$1,872
18 years$6,325$5,234$4,305$3,522$2,868$1,600
19 years$5,929$4,851$3,941$3,182$2,556$1,371
20 years$5,574$4,507$3,617$2,882$2,283$1,176
21 years$5,253$4,199$3,327$2,616$2,043$1,010
22 years$4,961$3,919$3,066$2,378$1,832$868
23 years$4,695$3,666$2,831$2,166$1,644$748
24 years$4,452$3,434$2,618$1,976$1,478$644
25 years$4,228$3,223$2,425$1,804$1,330$555
26 years$4,022$3,029$2,249$1,650$1,198$479
27 years$3,832$2,851$2,088$1,510$1,080$413
28 years$3,655$2,686$1,941$1,383$974$357
29 years$3,491$2,534$1,807$1,269$880$308
30 years$3,338$2,393$1,683$1,164$795$266
31 years$3,196$2,262$1,569$1,069$719$230
32 years$3,062$2,141$1,464$983$650$199
33 years$2,937$2,027$1,367$904$588$172
34 years$2,819$1,921$1,277$831$533$149
35 years$2,709$1,822$1,194$765$483$129
36 years$2,605$1,730$1,117$705$437$111
37 years$2,506$1,643$1,045$650$396$96
38 years$2,413$1,561$979$599$359$83
39 years$2,325$1,485$917$552$326$72
40 years$2,242$1,412$860$509$295$62
41 years$2,163$1,345$806$470$268$54
42 years$2,088$1,281$756$434$243$47
43 years$2,017$1,220$710$400$221$40
44 years$1,949$1,163$666$370$200$35
45 years$1,884$1,109$625$341$182$30
46 years$1,822$1,058$587$315$165$26
47 years$1,763$1,010$552$291$150$23
48 years$1,707$964$519$269$136$20
49 years$1,653$920$487$249$124$17
50 years$1,601$879$458$230$112$15

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 $3,838 every year, while hoping to spend $57,576 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: 46/34/20 Blend
69$1,640,000$1,640,000$1,640,000$1,640,000
70$1,811,239$1,724,319$1,698,899$1,884,033
71$1,934,725$1,747,550$1,694,552$1,958,601
72$2,068,877$1,769,990$1,688,129$2,033,417
73$2,214,721$1,791,539$1,679,501$2,113,391
74$2,373,389$1,812,090$1,668,530$2,199,029
75$2,546,123$1,831,531$1,655,074$2,290,893
76$2,734,292$1,849,740$1,638,983$2,389,601
77$2,939,400$1,866,588$1,620,099$2,495,838
78$3,163,105$1,881,936$1,598,259$2,610,362
79$3,407,230$1,895,640$1,573,289$2,734,008
80$3,673,782$1,907,541$1,545,009$2,867,702
81$3,964,972$1,917,475$1,513,231$3,012,466
82$4,283,232$1,925,264$1,477,757$3,169,429
83$4,631,241$1,930,721$1,438,381$3,339,839
84$5,011,946$1,933,645$1,394,885$3,525,076
85$5,428,596$1,933,825$1,347,045$3,726,662
86$5,884,764$1,931,034$1,294,623$3,946,282
87$6,384,390$1,925,034$1,237,372$4,185,794
88$6,931,807$1,915,570$1,175,034$4,447,253
89$7,531,792$1,902,373$1,107,338$4,732,927
90$8,189,602$1,885,158$1,034,001$5,045,323
91$8,911,031$1,863,620$954,730$5,387,207
92$9,702,457$1,837,438$869,214$5,761,635
93$10,570,908$1,806,272$777,133$6,171,981
94$11,524,122$1,769,762$678,149$6,621,971
95$12,570,627$1,727,524$571,911$7,115,718
96$13,719,812$1,679,155$458,052$7,657,762
97$14,982,025$1,624,225$336,188$8,253,117
98$16,368,662$1,562,282$205,920$8,907,316
99$17,892,277$1,492,845$66,830$9,626,465
100$19,566,702$1,415,408$0$10,417,305