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%12.2%
1 years$136,255$135,042$133,858$132,702$131,573$130,362
2 years$67,453$66,197$64,979$63,799$62,654$61,434
3 years$44,522$43,260$42,046$40,877$39,750$38,559
4 years$33,059$31,801$30,599$29,449$28,350$27,196
5 years$26,183$24,932$23,746$22,620$21,551$20,439
6 years$21,600$20,359$19,190$18,089$17,053$15,983
7 years$18,328$17,098$15,947$14,872$13,869$12,842
8 years$15,875$14,656$13,524$12,476$11,505$10,522
9 years$13,968$12,761$11,649$10,627$9,689$8,748
10 years$12,444$11,248$10,156$9,160$8,256$7,357
11 years$11,197$10,013$8,941$7,972$7,100$6,243
12 years$10,159$8,987$7,935$6,993$6,153$5,336
13 years$9,281$8,122$7,089$6,174$5,365$4,589
14 years$8,530$7,383$6,370$5,480$4,703$3,965
15 years$7,879$6,744$5,751$4,887$4,141$3,441
16 years$7,310$6,188$5,214$4,376$3,660$2,996
17 years$6,809$5,699$4,745$3,932$3,245$2,617
18 years$6,363$5,266$4,331$3,543$2,885$2,291
19 years$5,966$4,880$3,965$3,202$2,572$2,011
20 years$5,608$4,535$3,639$2,900$2,297$1,768
21 years$5,285$4,224$3,347$2,632$2,056$1,557
22 years$4,991$3,943$3,085$2,393$1,843$1,373
23 years$4,724$3,688$2,848$2,179$1,654$1,212
24 years$4,479$3,455$2,634$1,988$1,487$1,072
25 years$4,254$3,243$2,440$1,815$1,338$948
26 years$4,047$3,048$2,263$1,660$1,205$840
27 years$3,855$2,868$2,101$1,519$1,086$744
28 years$3,677$2,703$1,953$1,392$980$660
29 years$3,512$2,550$1,818$1,276$885$585
30 years$3,359$2,408$1,693$1,171$800$520
31 years$3,215$2,276$1,578$1,076$723$461
32 years$3,081$2,154$1,473$989$654$410
33 years$2,955$2,040$1,375$909$592$364
34 years$2,837$1,933$1,285$837$536$324
35 years$2,725$1,834$1,201$770$485$288
36 years$2,621$1,740$1,124$709$440$256
37 years$2,522$1,653$1,052$653$399$228
38 years$2,428$1,571$985$602$361$203
39 years$2,340$1,494$923$555$328$181
40 years$2,256$1,421$865$512$297$161
41 years$2,176$1,353$811$473$270$143
42 years$2,101$1,288$761$436$245$127
43 years$2,029$1,228$714$403$222$113
44 years$1,960$1,170$670$372$202$101
45 years$1,895$1,116$629$343$183$90
46 years$1,833$1,064$591$317$166$80
47 years$1,774$1,016$555$293$151$71
48 years$1,717$970$522$271$137$64
49 years$1,663$926$490$250$124$57
50 years$1,611$885$461$231$113$50

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 $2,711 every year, while hoping to spend $21,607 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: 90/5/5 Blend
69$1,650,000$1,650,000$1,650,000$1,650,000
70$1,821,096$1,733,646$1,708,071$1,985,090
71$1,983,859$1,795,605$1,742,302$2,154,009
72$2,162,498$1,859,876$1,776,955$2,336,415
73$2,358,612$1,926,549$1,812,023$2,536,302
74$2,573,959$1,995,719$1,847,494$2,755,418
75$2,810,477$2,067,483$1,883,359$2,995,690
76$3,070,300$2,141,944$1,919,605$3,259,239
77$3,355,779$2,219,207$1,956,221$3,548,403
78$3,669,504$2,299,384$1,993,190$3,865,755
79$4,014,330$2,382,591$2,030,498$4,214,132
80$4,393,400$2,468,946$2,068,128$4,596,656
81$4,810,178$2,558,575$2,106,061$5,016,769
82$5,268,479$2,651,609$2,144,278$5,478,262
83$5,772,509$2,748,182$2,182,756$5,985,310
84$6,326,899$2,848,437$2,221,472$6,542,514
85$6,936,753$2,952,521$2,260,402$7,154,942
86$7,607,694$3,060,587$2,299,518$7,828,178
87$8,345,918$3,172,795$2,338,791$8,568,374
88$9,158,251$3,289,312$2,378,190$9,382,307
89$10,052,216$3,410,311$2,417,682$10,277,446
90$11,036,099$3,535,973$2,457,232$11,262,018
91$12,119,033$3,666,488$2,496,801$12,345,087
92$13,311,079$3,802,051$2,536,349$13,536,642
93$14,623,326$3,942,868$2,575,833$14,847,687
94$16,067,989$4,089,152$2,615,207$16,290,348
95$17,658,529$4,241,126$2,654,422$17,877,986
96$19,409,780$4,399,022$2,693,427$19,625,320
97$21,338,087$4,563,083$2,732,165$21,548,572
98$23,461,458$4,733,561$2,770,580$23,665,614
99$25,799,741$4,910,719$2,808,608$25,996,140
100$28,374,802$5,094,833$2,846,184$28,561,851