Can I retire at age 70 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$137,081$135,860$134,669$133,506$132,371$131,481
2 years$67,862$66,598$65,373$64,186$63,034$62,137
3 years$44,792$43,523$42,301$41,124$39,991$39,114
4 years$33,259$31,994$30,784$29,628$28,522$27,672
5 years$26,341$25,083$23,890$22,757$21,682$20,862
6 years$21,731$20,483$19,306$18,199$17,156$16,366
7 years$18,439$17,201$16,044$14,962$13,953$13,194
8 years$15,971$14,745$13,606$12,552$11,575$10,847
9 years$14,053$12,838$11,719$10,691$9,748$9,050
10 years$12,519$11,316$10,217$9,216$8,306$7,639
11 years$11,265$10,074$8,995$8,021$7,143$6,506
12 years$10,221$9,042$7,983$7,035$6,190$5,582
13 years$9,338$8,171$7,132$6,211$5,398$4,819
14 years$8,582$7,427$6,408$5,513$4,732$4,180
15 years$7,927$6,785$5,786$4,917$4,166$3,642
16 years$7,354$6,225$5,246$4,403$3,682$3,185
17 years$6,850$5,733$4,773$3,956$3,265$2,793
18 years$6,402$5,298$4,357$3,565$2,903$2,456
19 years$6,002$4,910$3,989$3,221$2,587$2,164
20 years$5,642$4,562$3,661$2,917$2,311$1,911
21 years$5,317$4,250$3,367$2,648$2,068$1,691
22 years$5,021$3,967$3,104$2,407$1,854$1,498
23 years$4,752$3,710$2,866$2,192$1,664$1,328
24 years$4,506$3,476$2,650$2,000$1,496$1,180
25 years$4,280$3,262$2,455$1,826$1,346$1,049
26 years$4,071$3,066$2,276$1,670$1,212$933
27 years$3,878$2,885$2,114$1,528$1,093$831
28 years$3,700$2,719$1,965$1,400$986$740
29 years$3,534$2,565$1,829$1,284$891$660
30 years$3,379$2,422$1,703$1,179$805$589
31 years$3,235$2,290$1,588$1,082$728$525
32 years$3,099$2,167$1,482$995$658$469
33 years$2,973$2,052$1,383$915$596$419
34 years$2,854$1,945$1,293$842$539$374
35 years$2,742$1,845$1,208$775$488$335
36 years$2,636$1,751$1,131$714$443$299
37 years$2,537$1,663$1,058$657$401$267
38 years$2,443$1,580$991$606$364$239
39 years$2,354$1,503$928$559$330$214
40 years$2,269$1,430$870$515$299$192
41 years$2,189$1,361$816$475$271$171
42 years$2,113$1,296$765$439$246$153
43 years$2,041$1,235$718$405$223$137
44 years$1,972$1,177$674$374$203$123
45 years$1,907$1,123$633$345$184$110
46 years$1,844$1,071$595$319$167$99
47 years$1,785$1,022$559$295$152$88
48 years$1,727$976$525$272$138$79
49 years$1,673$932$493$252$125$71
50 years$1,621$890$464$233$114$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,660,000, adding $6,539 every year, while hoping to spend $36,747 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: 38/49/13 Blend
69$1,660,000$1,660,000$1,660,000$1,660,000
70$1,836,065$1,748,085$1,722,355$1,898,358
71$1,984,245$1,794,643$1,740,955$1,989,917
72$2,146,308$1,842,250$1,758,947$2,084,753
73$2,323,631$1,890,920$1,776,271$2,186,439
74$2,517,730$1,940,664$1,792,866$2,295,606
75$2,730,276$1,991,494$1,808,664$2,412,952
76$2,963,107$2,043,420$1,823,597$2,539,243
77$3,218,249$2,096,452$1,837,593$2,675,323
78$3,497,932$2,150,600$1,850,573$2,822,119
79$3,804,612$2,205,871$1,862,459$2,980,653
80$4,140,995$2,262,271$1,873,164$3,152,052
81$4,510,062$2,319,807$1,882,600$3,337,553
82$4,915,093$2,378,483$1,890,672$3,538,521
83$5,359,705$2,438,301$1,897,282$3,756,459
84$5,847,881$2,499,264$1,902,327$3,993,020
85$6,384,008$2,561,370$1,905,698$4,250,029
86$6,972,918$2,624,619$1,907,280$4,529,491
87$7,619,936$2,689,006$1,906,954$4,833,620
88$8,330,927$2,754,524$1,904,595$5,164,850
89$9,112,352$2,821,167$1,900,069$5,525,867
90$9,971,331$2,888,922$1,893,240$5,919,627
91$10,915,705$2,957,778$1,883,962$6,349,388
92$11,954,115$3,027,717$1,872,083$6,818,739
93$13,096,080$3,098,721$1,857,443$7,331,637
94$14,352,089$3,170,768$1,839,877$7,892,440
95$15,733,698$3,243,831$1,819,209$8,505,950
96$17,253,639$3,317,882$1,795,255$9,177,459
97$18,925,939$3,392,887$1,767,825$9,912,799
98$20,766,055$3,468,809$1,736,718$10,718,396
99$22,791,018$3,545,606$1,701,723$11,601,333
100$25,019,592$3,623,231$1,662,621$12,569,414