Can I retire at age 70 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$138,733$137,497$136,291$135,115$133,966$132,511
2 years$68,680$67,401$66,161$64,959$63,793$62,329
3 years$45,332$44,047$42,810$41,620$40,473$39,044
4 years$33,660$32,379$31,155$29,985$28,866$27,483
5 years$26,659$25,386$24,178$23,031$21,943$20,611
6 years$21,993$20,729$19,539$18,418$17,363$16,083
7 years$18,661$17,408$16,237$15,143$14,121$12,894
8 years$16,164$14,922$13,770$12,703$11,714$10,540
9 years$14,222$12,993$11,860$10,820$9,865$8,743
10 years$12,670$11,452$10,340$9,327$8,406$7,335
11 years$11,401$10,195$9,103$8,117$7,229$6,209
12 years$10,344$9,151$8,079$7,120$6,265$5,294
13 years$9,450$8,270$7,218$6,286$5,463$4,540
14 years$8,685$7,517$6,485$5,580$4,789$3,913
15 years$8,022$6,867$5,855$4,976$4,216$3,387
16 years$7,443$6,300$5,309$4,456$3,726$2,941
17 years$6,932$5,802$4,831$4,003$3,304$2,561
18 years$6,479$5,361$4,410$3,608$2,938$2,236
19 years$6,074$4,969$4,037$3,260$2,619$1,957
20 years$5,710$4,617$3,705$2,953$2,339$1,715
21 years$5,381$4,301$3,408$2,680$2,093$1,506
22 years$5,082$4,015$3,141$2,436$1,876$1,324
23 years$4,810$3,755$2,900$2,219$1,684$1,166
24 years$4,560$3,518$2,682$2,024$1,514$1,027
25 years$4,331$3,302$2,484$1,848$1,362$906
26 years$4,120$3,103$2,304$1,690$1,227$800
27 years$3,925$2,920$2,139$1,547$1,106$706
28 years$3,744$2,752$1,989$1,417$998$624
29 years$3,576$2,596$1,851$1,300$901$552
30 years$3,420$2,452$1,724$1,193$814$489
31 years$3,274$2,318$1,607$1,095$736$433
32 years$3,137$2,193$1,500$1,007$666$383
33 years$3,009$2,077$1,400$926$603$339
34 years$2,888$1,968$1,308$852$546$301
35 years$2,775$1,867$1,223$784$494$266
36 years$2,668$1,772$1,144$722$448$236
37 years$2,567$1,683$1,071$665$406$209
38 years$2,472$1,599$1,003$613$368$186
39 years$2,382$1,521$940$565$334$165
40 years$2,297$1,447$881$522$303$146
41 years$2,216$1,377$826$481$275$130
42 years$2,139$1,312$775$444$249$115
43 years$2,066$1,250$727$410$226$102
44 years$1,996$1,191$682$379$205$91
45 years$1,930$1,136$641$350$186$80
46 years$1,866$1,084$602$323$169$71
47 years$1,806$1,034$565$298$154$63
48 years$1,748$987$531$276$140$56
49 years$1,693$943$499$255$127$50
50 years$1,640$901$469$235$115$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,680,000, adding $4,690 every year, while hoping to spend $53,955 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: 44/50/6 Blend
69$1,680,000$1,680,000$1,680,000$1,680,000
70$1,856,198$1,767,158$1,741,118$1,934,529
71$1,988,122$1,796,341$1,742,037$2,018,304
72$2,131,695$1,825,145$1,741,180$2,103,103
73$2,288,046$1,853,496$1,738,428$2,193,747
74$2,458,421$1,881,312$1,733,660$2,290,790
75$2,644,190$1,908,506$1,726,747$2,394,842
76$2,846,860$1,934,986$1,717,556$2,506,577
77$3,068,091$1,960,651$1,705,945$2,626,740
78$3,309,709$1,985,396$1,691,767$2,756,151
79$3,573,726$2,009,106$1,674,868$2,895,716
80$3,862,354$2,031,661$1,655,084$3,046,434
81$4,178,032$2,052,930$1,632,247$3,209,411
82$4,523,444$2,072,776$1,606,180$3,385,862
83$4,901,543$2,091,050$1,576,695$3,577,133
84$5,315,586$2,107,597$1,543,599$3,784,708
85$5,769,154$2,122,247$1,506,688$4,010,223
86$6,266,194$2,134,824$1,465,749$4,255,485
87$6,811,054$2,145,138$1,420,559$4,522,489
88$7,408,518$2,152,987$1,370,885$4,813,436
89$8,063,860$2,158,157$1,316,483$5,130,755
90$8,782,887$2,160,419$1,257,098$5,477,127
91$9,571,995$2,159,533$1,192,464$5,855,509
92$10,438,229$2,155,241$1,122,302$6,269,167
93$11,389,351$2,147,270$1,046,322$6,721,702
94$12,433,909$2,135,331$964,218$7,217,090
95$13,581,322$2,119,116$875,673$7,759,715
96$14,841,964$2,098,300$780,356$8,354,419
97$16,227,265$2,072,538$677,919$9,006,540
98$17,749,817$2,041,463$568,000$9,721,969
99$19,423,491$2,004,688$450,221$10,507,206
100$21,263,571$1,961,801$324,187$11,369,422