Can I retire at age 70 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$140,384$139,134$137,914$136,723$135,560$132,015
2 years$69,497$68,203$66,949$65,732$64,553$61,005
3 years$45,871$44,571$43,320$42,115$40,955$37,516
4 years$34,061$32,765$31,526$30,342$29,209$25,906
5 years$26,976$25,688$24,465$23,305$22,204$19,045
6 years$22,255$20,976$19,772$18,637$17,570$14,558
7 years$18,883$17,616$16,430$15,323$14,289$11,424
8 years$16,356$15,100$13,934$12,854$11,854$9,135
9 years$14,392$13,147$12,002$10,949$9,983$7,408
10 years$12,821$11,589$10,463$9,438$8,506$6,071
11 years$11,537$10,317$9,212$8,214$7,315$5,018
12 years$10,467$9,260$8,175$7,205$6,339$4,175
13 years$9,563$8,368$7,304$6,361$5,528$3,491
14 years$8,788$7,606$6,563$5,646$4,846$2,933
15 years$8,118$6,949$5,925$5,035$4,267$2,473
16 years$7,532$6,375$5,372$4,509$3,771$2,091
17 years$7,015$5,871$4,888$4,051$3,343$1,772
18 years$6,556$5,425$4,462$3,651$2,973$1,505
19 years$6,146$5,028$4,085$3,299$2,650$1,280
20 years$5,778$4,672$3,749$2,988$2,367$1,091
21 years$5,445$4,352$3,448$2,712$2,118$931
22 years$5,142$4,063$3,178$2,465$1,899$795
23 years$4,867$3,800$2,935$2,245$1,704$679
24 years$4,615$3,560$2,714$2,048$1,532$581
25 years$4,383$3,341$2,514$1,870$1,378$497
26 years$4,169$3,140$2,331$1,710$1,242$426
27 years$3,972$2,955$2,165$1,565$1,119$365
28 years$3,789$2,784$2,013$1,434$1,010$313
29 years$3,619$2,627$1,873$1,315$912$268
30 years$3,460$2,481$1,744$1,207$824$230
31 years$3,313$2,345$1,626$1,108$745$197
32 years$3,174$2,219$1,517$1,019$674$169
33 years$3,044$2,101$1,417$937$610$145
34 years$2,923$1,992$1,324$862$552$125
35 years$2,808$1,889$1,238$793$500$107
36 years$2,700$1,793$1,158$731$453$92
37 years$2,598$1,703$1,084$673$411$79
38 years$2,502$1,618$1,015$621$372$68
39 years$2,411$1,539$951$572$338$58
40 years$2,324$1,464$891$528$306$50
41 years$2,242$1,394$836$487$278$43
42 years$2,164$1,327$784$449$252$37
43 years$2,090$1,265$736$415$229$32
44 years$2,020$1,206$690$383$208$27
45 years$1,953$1,150$648$354$189$23
46 years$1,889$1,097$609$327$171$20
47 years$1,828$1,047$572$302$155$17
48 years$1,769$999$538$279$141$15
49 years$1,713$954$505$258$128$13
50 years$1,660$911$475$238$116$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,700,000, adding $3,787 every year, while hoping to spend $44,795 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: 61/10/29 Blend
69$1,700,000$1,700,000$1,700,000$1,700,000
70$1,877,306$1,787,206$1,760,856$1,976,896
71$2,021,130$1,827,118$1,772,183$2,085,121
72$2,178,122$1,867,484$1,782,389$2,198,063
73$2,349,579$1,908,279$1,791,387$2,320,415
74$2,536,928$1,949,476$1,799,090$2,453,107
75$2,741,738$1,991,043$1,805,403$2,597,163
76$2,965,738$2,032,948$1,810,227$2,753,714
77$3,210,834$2,075,153$1,813,461$2,924,003
78$3,479,122$2,117,618$1,814,994$3,109,404
79$3,772,909$2,160,298$1,814,713$3,311,430
80$4,094,738$2,203,145$1,812,498$3,531,749
81$4,447,409$2,246,107$1,808,225$3,772,200
82$4,834,006$2,289,127$1,801,761$4,034,811
83$5,257,923$2,332,143$1,792,969$4,321,816
84$5,722,902$2,375,089$1,781,704$4,635,680
85$6,233,062$2,417,892$1,767,815$4,979,120
86$6,792,941$2,460,475$1,751,143$5,355,129
87$7,407,536$2,502,754$1,731,522$5,767,011
88$8,082,354$2,544,639$1,708,777$6,218,403
89$8,823,460$2,586,032$1,682,727$6,713,320
90$9,637,535$2,626,829$1,653,181$7,256,183
91$10,531,940$2,666,920$1,619,938$7,851,870
92$11,514,782$2,706,183$1,582,790$8,505,755
93$12,594,994$2,744,490$1,541,518$9,223,765
94$13,782,417$2,781,705$1,495,893$10,012,432
95$15,087,894$2,817,678$1,445,676$10,878,958
96$16,523,369$2,852,254$1,390,616$11,831,281
97$18,102,003$2,885,265$1,330,451$12,878,151
98$19,838,295$2,916,530$1,264,909$14,029,215
99$21,748,219$2,945,859$1,193,702$15,295,106
100$23,849,379$2,973,047$1,116,532$16,687,545