Can I retire at age 70 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$136,255$135,042$133,858$132,702$131,573$127,874
2 years$67,453$66,197$64,979$63,799$62,654$58,955
3 years$44,522$43,260$42,046$40,877$39,750$36,168
4 years$33,059$31,801$30,599$29,449$28,350$24,912
5 years$26,183$24,932$23,746$22,620$21,551$18,266
6 years$21,600$20,359$19,190$18,089$17,053$13,924
7 years$18,328$17,098$15,947$14,872$13,869$10,896
8 years$15,875$14,656$13,524$12,476$11,505$8,688
9 years$13,968$12,761$11,649$10,627$9,689$7,024
10 years$12,444$11,248$10,156$9,160$8,256$5,739
11 years$11,197$10,013$8,941$7,972$7,100$4,727
12 years$10,159$8,987$7,935$6,993$6,153$3,920
13 years$9,281$8,122$7,089$6,174$5,365$3,268
14 years$8,530$7,383$6,370$5,480$4,703$2,735
15 years$7,879$6,744$5,751$4,887$4,141$2,298
16 years$7,310$6,188$5,214$4,376$3,660$1,936
17 years$6,809$5,699$4,745$3,932$3,245$1,635
18 years$6,363$5,266$4,331$3,543$2,885$1,383
19 years$5,966$4,880$3,965$3,202$2,572$1,173
20 years$5,608$4,535$3,639$2,900$2,297$995
21 years$5,285$4,224$3,347$2,632$2,056$846
22 years$4,991$3,943$3,085$2,393$1,843$719
23 years$4,724$3,688$2,848$2,179$1,654$612
24 years$4,479$3,455$2,634$1,988$1,487$522
25 years$4,254$3,243$2,440$1,815$1,338$445
26 years$4,047$3,048$2,263$1,660$1,205$379
27 years$3,855$2,868$2,101$1,519$1,086$324
28 years$3,677$2,703$1,953$1,392$980$276
29 years$3,512$2,550$1,818$1,276$885$236
30 years$3,359$2,408$1,693$1,171$800$201
31 years$3,215$2,276$1,578$1,076$723$172
32 years$3,081$2,154$1,473$989$654$147
33 years$2,955$2,040$1,375$909$592$126
34 years$2,837$1,933$1,285$837$536$107
35 years$2,725$1,834$1,201$770$485$92
36 years$2,621$1,740$1,124$709$440$79
37 years$2,522$1,653$1,052$653$399$67
38 years$2,428$1,571$985$602$361$57
39 years$2,340$1,494$923$555$328$49
40 years$2,256$1,421$865$512$297$42
41 years$2,176$1,353$811$473$270$36
42 years$2,101$1,288$761$436$245$31
43 years$2,029$1,228$714$403$222$26
44 years$1,960$1,170$670$372$202$22
45 years$1,895$1,116$629$343$183$19
46 years$1,833$1,064$591$317$166$16
47 years$1,774$1,016$555$293$151$14
48 years$1,717$970$522$271$137$12
49 years$1,663$926$490$250$124$10
50 years$1,611$885$461$231$113$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,650,000, adding $2,371 every year, while hoping to spend $24,705 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: 55/27/18 Blend
69$1,650,000$1,650,000$1,650,000$1,650,000
70$1,820,746$1,733,296$1,707,721$1,911,978
71$1,980,176$1,791,941$1,738,643$2,033,137
72$2,155,040$1,852,632$1,769,774$2,162,165
73$2,346,886$1,915,443$1,801,093$2,302,124
74$2,557,419$1,980,451$1,832,581$2,454,064
75$2,788,518$2,047,735$1,864,215$2,619,143
76$3,042,252$2,117,379$1,895,971$2,798,635
77$3,320,900$2,189,469$1,927,824$2,993,940
78$3,626,972$2,264,094$1,959,747$3,206,600
79$3,963,235$2,341,346$1,991,710$3,438,313
80$4,332,736$2,421,323$2,023,683$3,690,947
81$4,738,831$2,504,123$2,055,632$3,966,559
82$5,185,218$2,589,852$2,087,523$4,267,413
83$5,675,973$2,678,618$2,119,317$4,596,003
84$6,215,583$2,770,531$2,150,975$4,955,073
85$6,808,995$2,865,709$2,182,455$5,347,646
86$7,461,656$2,964,272$2,213,711$5,777,051
87$8,179,570$3,066,346$2,244,695$6,246,953
88$8,969,351$3,172,063$2,275,358$6,761,388
89$9,838,287$3,281,556$2,305,644$7,324,802
90$10,794,407$3,394,967$2,335,499$7,942,091
91$11,846,560$3,512,443$2,364,860$8,618,647
92$13,004,492$3,634,136$2,393,666$9,360,412
93$14,278,945$3,760,204$2,421,849$10,173,926
94$15,681,754$3,890,810$2,449,338$11,066,398
95$17,225,959$4,026,127$2,476,057$12,045,765
96$18,925,931$4,166,331$2,501,929$13,120,772
97$20,797,502$4,311,607$2,526,870$14,301,053
98$22,858,119$4,462,147$2,550,791$15,597,220
99$25,127,006$4,618,151$2,573,601$17,020,965
100$27,625,345$4,779,826$2,595,202$18,585,167