Can I retire at age 70 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$137,907$136,679$135,480$134,310$133,168$131,887
2 years$68,271$66,999$65,767$64,572$63,413$62,123
3 years$45,062$43,785$42,556$41,372$40,232$38,972
4 years$33,460$32,186$30,970$29,806$28,694$27,474
5 years$26,500$25,235$24,034$22,894$21,813$20,637
6 years$21,862$20,606$19,423$18,309$17,260$16,129
7 years$18,550$17,305$16,140$15,052$14,037$12,952
8 years$16,068$14,833$13,688$12,627$11,645$10,606
9 years$14,138$12,915$11,790$10,756$9,807$8,813
10 years$12,595$11,384$10,279$9,271$8,356$7,407
11 years$11,333$10,135$9,049$8,069$7,186$6,282
12 years$10,282$9,096$8,031$7,077$6,227$5,366
13 years$9,394$8,220$7,175$6,248$5,430$4,611
14 years$8,633$7,472$6,447$5,547$4,760$3,982
15 years$7,975$6,826$5,821$4,947$4,191$3,453
16 years$7,399$6,263$5,277$4,429$3,704$3,005
17 years$6,891$5,768$4,802$3,980$3,284$2,623
18 years$6,441$5,330$4,384$3,586$2,920$2,295
19 years$6,038$4,939$4,013$3,241$2,603$2,012
20 years$5,676$4,590$3,683$2,935$2,325$1,768
21 years$5,349$4,275$3,388$2,664$2,081$1,556
22 years$5,052$3,991$3,122$2,422$1,865$1,371
23 years$4,781$3,733$2,883$2,206$1,674$1,209
24 years$4,533$3,497$2,666$2,012$1,505$1,068
25 years$4,306$3,282$2,469$1,837$1,354$944
26 years$4,096$3,084$2,290$1,680$1,220$836
27 years$3,902$2,903$2,127$1,538$1,100$740
28 years$3,722$2,735$1,977$1,409$992$656
29 years$3,555$2,580$1,840$1,292$896$581
30 years$3,399$2,437$1,714$1,186$810$516
31 years$3,254$2,304$1,598$1,089$732$458
32 years$3,118$2,180$1,491$1,001$662$406
33 years$2,991$2,064$1,392$920$599$361
34 years$2,871$1,957$1,300$847$542$320
35 years$2,758$1,856$1,216$779$491$285
36 years$2,652$1,761$1,137$718$445$253
37 years$2,552$1,673$1,065$661$403$225
38 years$2,458$1,590$997$610$366$200
39 years$2,368$1,512$934$562$332$178
40 years$2,283$1,438$875$518$301$158
41 years$2,203$1,369$821$478$273$141
42 years$2,126$1,304$770$441$248$125
43 years$2,053$1,242$723$408$225$111
44 years$1,984$1,184$678$376$204$99
45 years$1,918$1,129$637$347$185$88
46 years$1,855$1,077$598$321$168$78
47 years$1,795$1,028$562$297$153$70
48 years$1,738$981$528$274$139$62
49 years$1,683$937$496$253$126$55
50 years$1,631$895$467$234$114$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,670,000, adding $4,205 every year, while hoping to spend $53,064 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: 43/29/28 Blend
69$1,670,000$1,670,000$1,670,000$1,670,000
70$1,844,677$1,756,167$1,730,282$1,908,779
71$1,976,375$1,785,760$1,731,787$1,984,724
72$2,119,727$1,815,024$1,731,564$2,061,610
73$2,275,866$1,843,888$1,729,499$2,143,905
74$2,446,040$1,872,273$1,725,472$2,232,141
75$2,631,619$1,900,098$1,719,358$2,326,907
76$2,834,114$1,927,272$1,711,027$2,428,853
77$3,055,187$1,953,701$1,700,339$2,538,697
78$3,296,666$1,979,284$1,687,151$2,657,236
79$3,560,567$2,003,910$1,671,312$2,785,345
80$3,849,107$2,027,463$1,652,662$2,923,994
81$4,164,726$2,049,819$1,631,037$3,074,255
82$4,510,114$2,070,846$1,606,262$3,237,311
83$4,888,230$2,090,401$1,578,156$3,414,469
84$5,302,333$2,108,334$1,546,528$3,607,173
85$5,756,012$2,124,485$1,511,178$3,817,017
86$6,253,222$2,138,681$1,471,899$4,045,762
87$6,798,315$2,150,741$1,428,472$4,295,353
88$7,396,087$2,160,470$1,380,670$4,567,936
89$8,051,818$2,167,663$1,328,252$4,865,884
90$8,771,325$2,172,101$1,270,971$5,191,813
91$9,561,016$2,173,550$1,208,564$5,548,614
92$10,427,949$2,171,763$1,140,760$5,939,477
93$11,379,897$2,166,477$1,067,273$6,367,924
94$12,425,426$2,157,414$987,806$6,837,842
95$13,573,969$2,144,277$902,048$7,353,522
96$14,835,920$2,126,752$809,672$7,919,700
97$16,222,728$2,104,507$710,340$8,541,602
98$17,747,008$2,077,189$603,698$9,224,995
99$19,422,655$2,044,423$489,374$9,976,243
100$21,264,979$2,005,814$366,982$10,802,370