Can I retire at age 70 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$142,036$140,771$139,536$138,332$137,155$134,331
2 years$70,315$69,005$67,736$66,506$65,312$62,480
3 years$46,411$45,096$43,830$42,611$41,437$38,684
4 years$34,461$33,150$31,897$30,699$29,553$26,902
5 years$27,293$25,990$24,753$23,580$22,466$19,923
6 years$22,516$21,223$20,004$18,857$17,776$15,346
7 years$19,106$17,823$16,624$15,503$14,457$12,138
8 years$16,549$15,278$14,098$13,005$11,993$9,786
9 years$14,561$13,302$12,143$11,078$10,100$8,003
10 years$12,972$11,725$10,586$9,549$8,606$6,616
11 years$11,672$10,438$9,320$8,310$7,401$5,517
12 years$10,590$9,369$8,271$7,289$6,414$4,632
13 years$9,675$8,466$7,390$6,435$5,593$3,910
14 years$8,892$7,696$6,640$5,713$4,903$3,316
15 years$8,213$7,030$5,995$5,095$4,317$2,823
16 years$7,620$6,450$5,435$4,562$3,815$2,411
17 years$7,098$5,940$4,946$4,099$3,383$2,064
18 years$6,633$5,489$4,515$3,694$3,008$1,771
19 years$6,219$5,087$4,133$3,338$2,681$1,523
20 years$5,846$4,727$3,793$3,023$2,395$1,311
21 years$5,509$4,403$3,489$2,743$2,143$1,131
22 years$5,203$4,110$3,216$2,494$1,921$976
23 years$4,924$3,844$2,969$2,272$1,724$843
24 years$4,669$3,602$2,746$2,072$1,550$729
25 years$4,434$3,380$2,543$1,892$1,395$631
26 years$4,218$3,177$2,359$1,730$1,256$547
27 years$4,019$2,990$2,190$1,584$1,133$474
28 years$3,834$2,817$2,036$1,451$1,022$411
29 years$3,661$2,658$1,895$1,331$923$356
30 years$3,501$2,510$1,765$1,221$834$309
31 years$3,352$2,373$1,645$1,121$754$268
32 years$3,212$2,245$1,535$1,031$682$233
33 years$3,080$2,126$1,433$948$617$202
34 years$2,957$2,015$1,339$872$559$176
35 years$2,841$1,911$1,252$803$506$152
36 years$2,732$1,814$1,171$739$459$132
37 years$2,629$1,723$1,096$681$416$115
38 years$2,531$1,637$1,027$628$377$100
39 years$2,439$1,557$962$579$342$87
40 years$2,352$1,481$902$534$310$76
41 years$2,269$1,410$845$493$281$66
42 years$2,190$1,343$793$455$255$57
43 years$2,115$1,280$744$420$232$50
44 years$2,044$1,220$699$388$210$43
45 years$1,976$1,163$656$358$191$37
46 years$1,911$1,110$616$331$173$33
47 years$1,849$1,059$579$305$157$28
48 years$1,790$1,011$544$282$143$25
49 years$1,733$965$511$261$130$21
50 years$1,679$922$481$241$118$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,720,000, adding $3,489 every year, while hoping to spend $40,496 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: 47/37/16 Blend
69$1,720,000$1,720,000$1,720,000$1,720,000
70$1,899,039$1,807,879$1,781,219$1,979,566
71$2,049,653$1,853,378$1,797,802$2,081,311
72$2,214,273$1,899,748$1,813,584$2,187,279
73$2,394,285$1,946,991$1,828,494$2,301,416
74$2,591,213$1,995,105$1,842,460$2,424,500
75$2,806,738$2,044,087$1,855,404$2,557,387
76$3,042,711$2,093,932$1,867,245$2,701,021
77$3,301,167$2,144,635$1,877,898$2,856,440
78$3,584,352$2,196,187$1,887,273$3,024,789
79$3,894,734$2,248,580$1,895,276$3,207,327
80$4,235,037$2,301,800$1,901,807$3,405,444
81$4,608,256$2,355,833$1,906,763$3,620,669
82$5,017,692$2,410,663$1,910,034$3,854,687
83$5,466,982$2,466,271$1,911,505$4,109,355
84$5,960,131$2,522,635$1,911,057$4,386,719
85$6,501,549$2,579,729$1,908,562$4,689,034
86$7,096,097$2,637,525$1,903,889$5,018,783
87$7,749,127$2,695,992$1,896,898$5,378,705
88$8,466,537$2,755,095$1,887,443$5,771,816
89$9,254,824$2,814,795$1,875,372$6,201,440
90$10,121,144$2,875,047$1,860,525$6,671,242
91$11,073,381$2,935,806$1,842,733$7,185,259
92$12,120,224$2,997,017$1,821,822$7,747,941
93$13,271,241$3,058,625$1,797,607$8,364,192
94$14,536,976$3,120,567$1,769,896$9,039,418
95$15,929,046$3,182,774$1,738,486$9,779,575
96$17,460,251$3,245,171$1,703,168$10,591,229
97$19,144,691$3,307,680$1,663,719$11,481,617
98$20,997,905$3,370,211$1,619,908$12,458,713
99$23,037,010$3,432,670$1,571,494$13,531,308
100$25,280,870$3,494,956$1,518,224$14,709,090