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

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$136,255$135,042$133,858$132,702$131,573$127,413
2 years$67,453$66,197$64,979$63,799$62,654$58,500
3 years$44,522$43,260$42,046$40,877$39,750$35,733
4 years$33,059$31,801$30,599$29,449$28,350$24,501
5 years$26,183$24,932$23,746$22,620$21,551$17,880
6 years$21,600$20,359$19,190$18,089$17,053$13,562
7 years$18,328$17,098$15,947$14,872$13,869$10,559
8 years$15,875$14,656$13,524$12,476$11,505$8,374
9 years$13,968$12,761$11,649$10,627$9,689$6,733
10 years$12,444$11,248$10,156$9,160$8,256$5,470
11 years$11,197$10,013$8,941$7,972$7,100$4,481
12 years$10,159$8,987$7,935$6,993$6,153$3,693
13 years$9,281$8,122$7,089$6,174$5,365$3,060
14 years$8,530$7,383$6,370$5,480$4,703$2,546
15 years$7,879$6,744$5,751$4,887$4,141$2,125
16 years$7,310$6,188$5,214$4,376$3,660$1,779
17 years$6,809$5,699$4,745$3,932$3,245$1,492
18 years$6,363$5,266$4,331$3,543$2,885$1,254
19 years$5,966$4,880$3,965$3,202$2,572$1,056
20 years$5,608$4,535$3,639$2,900$2,297$890
21 years$5,285$4,224$3,347$2,632$2,056$751
22 years$4,991$3,943$3,085$2,393$1,843$634
23 years$4,724$3,688$2,848$2,179$1,654$536
24 years$4,479$3,455$2,634$1,988$1,487$454
25 years$4,254$3,243$2,440$1,815$1,338$384
26 years$4,047$3,048$2,263$1,660$1,205$325
27 years$3,855$2,868$2,101$1,519$1,086$275
28 years$3,677$2,703$1,953$1,392$980$233
29 years$3,512$2,550$1,818$1,276$885$198
30 years$3,359$2,408$1,693$1,171$800$168
31 years$3,215$2,276$1,578$1,076$723$142
32 years$3,081$2,154$1,473$989$654$121
33 years$2,955$2,040$1,375$909$592$102
34 years$2,837$1,933$1,285$837$536$87
35 years$2,725$1,834$1,201$770$485$74
36 years$2,621$1,740$1,124$709$440$62
37 years$2,522$1,653$1,052$653$399$53
38 years$2,428$1,571$985$602$361$45
39 years$2,340$1,494$923$555$328$38
40 years$2,256$1,421$865$512$297$32
41 years$2,176$1,353$811$473$270$27
42 years$2,101$1,288$761$436$245$23
43 years$2,029$1,228$714$403$222$20
44 years$1,960$1,170$670$372$202$17
45 years$1,895$1,116$629$343$183$14
46 years$1,833$1,064$591$317$166$12
47 years$1,774$1,016$555$293$151$10
48 years$1,717$970$522$271$137$9
49 years$1,663$926$490$250$124$7
50 years$1,611$885$461$231$113$6

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 $6,770 every year, while hoping to spend $22,723 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: 41/40/19 Blend
69$1,650,000$1,650,000$1,650,000$1,650,000
70$1,825,283$1,737,833$1,712,258$1,889,649
71$1,987,285$1,798,810$1,745,442$1,997,058
72$2,165,049$1,862,013$1,778,975$2,110,532
73$2,360,160$1,927,527$1,812,847$2,232,881
74$2,574,362$1,995,442$1,847,043$2,364,929
75$2,809,577$2,065,848$1,881,548$2,507,578
76$3,067,921$2,138,842$1,916,348$2,661,823
77$3,351,727$2,214,523$1,951,423$2,828,756
78$3,663,564$2,292,996$1,986,757$3,009,578
79$4,006,262$2,374,367$2,022,328$3,205,608
80$4,382,939$2,458,750$2,058,114$3,418,299
81$4,797,031$2,546,260$2,094,093$3,649,246
82$5,252,321$2,637,020$2,130,238$3,900,206
83$5,752,980$2,731,156$2,166,523$4,173,111
84$6,303,600$2,828,800$2,202,918$4,470,086
85$6,909,245$2,930,088$2,239,393$4,793,468
86$7,575,490$3,035,164$2,275,915$5,145,832
87$8,308,478$3,144,176$2,312,447$5,530,008
88$9,114,981$3,257,278$2,348,952$5,949,113
89$10,002,457$3,374,633$2,385,389$6,406,577
90$10,979,124$3,496,407$2,421,717$6,906,175
91$12,054,039$3,622,774$2,457,888$7,452,063
92$13,237,179$3,753,918$2,493,855$8,048,815
93$14,539,538$3,890,027$2,529,566$8,701,470
94$15,973,231$4,031,299$2,564,967$9,415,573
95$17,551,607$4,177,938$2,600,000$10,197,229
96$19,289,374$4,330,160$2,634,602$11,053,162
97$21,202,739$4,488,188$2,668,711$11,990,777
98$23,309,562$4,652,252$2,702,256$13,018,226
99$25,629,521$4,822,597$2,735,166$14,144,488
100$28,184,302$4,999,473$2,767,363$15,379,452