Can I retire at age 70 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$143,688$142,408$141,159$139,940$138,750$133,987
2 years$71,132$69,808$68,524$67,279$66,071$61,321
3 years$46,951$45,620$44,339$43,106$41,918$37,330
4 years$34,862$33,536$32,268$31,056$29,897$25,506
5 years$27,611$26,292$25,041$23,854$22,727$18,545
6 years$22,778$21,470$20,237$19,076$17,983$14,013
7 years$19,328$18,030$16,817$15,683$14,625$10,866
8 years$16,741$15,455$14,262$13,156$12,133$8,582
9 years$14,730$13,457$12,284$11,206$10,218$6,871
10 years$13,122$11,861$10,709$9,660$8,706$5,558
11 years$11,808$10,559$9,428$8,407$7,487$4,532
12 years$10,713$9,478$8,367$7,374$6,488$3,718
13 years$9,788$8,565$7,476$6,510$5,658$3,066
14 years$8,995$7,785$6,717$5,779$4,960$2,538
15 years$8,309$7,112$6,065$5,154$4,367$2,108
16 years$7,709$6,525$5,498$4,615$3,860$1,756
17 years$7,180$6,009$5,003$4,146$3,422$1,465
18 years$6,711$5,553$4,567$3,737$3,043$1,225
19 years$6,291$5,146$4,181$3,376$2,712$1,026
20 years$5,914$4,782$3,837$3,058$2,423$860
21 years$5,573$4,455$3,530$2,775$2,168$722
22 years$5,263$4,158$3,253$2,523$1,943$607
23 years$4,981$3,889$3,004$2,298$1,744$510
24 years$4,723$3,644$2,778$2,096$1,568$429
25 years$4,486$3,419$2,573$1,914$1,411$361
26 years$4,267$3,214$2,386$1,750$1,271$304
27 years$4,065$3,025$2,216$1,602$1,146$256
28 years$3,878$2,850$2,060$1,468$1,034$216
29 years$3,704$2,689$1,917$1,346$934$182
30 years$3,542$2,539$1,786$1,235$843$153
31 years$3,391$2,400$1,665$1,135$763$129
32 years$3,249$2,271$1,553$1,043$690$109
33 years$3,116$2,151$1,450$959$624$92
34 years$2,991$2,039$1,355$882$565$77
35 years$2,874$1,934$1,267$812$512$65
36 years$2,764$1,835$1,185$748$464$55
37 years$2,659$1,743$1,109$689$420$47
38 years$2,561$1,656$1,039$635$381$39
39 years$2,467$1,575$973$586$346$33
40 years$2,379$1,499$912$540$313$28
41 years$2,295$1,427$855$498$284$24
42 years$2,215$1,359$802$460$258$20
43 years$2,139$1,294$753$425$234$17
44 years$2,067$1,234$707$392$213$14
45 years$1,999$1,177$664$362$193$12
46 years$1,933$1,122$623$334$175$10
47 years$1,871$1,071$585$309$159$9
48 years$1,811$1,023$550$286$145$7
49 years$1,754$977$517$264$131$6
50 years$1,699$933$486$244$119$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,740,000, adding $2,076 every year, while hoping to spend $33,714 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: 71/8/21 Blend
69$1,740,000$1,740,000$1,740,000$1,740,000
70$1,919,621$1,827,401$1,800,431$2,045,884
71$2,079,551$1,881,073$1,824,874$2,183,995
72$2,254,664$1,936,244$1,849,006$2,330,968
73$2,446,473$1,992,953$1,872,781$2,491,059
74$2,656,644$2,051,238$1,896,150$2,665,565
75$2,887,012$2,111,140$1,919,062$2,855,913
76$3,139,599$2,172,697$1,941,462$3,063,676
77$3,416,630$2,235,951$1,963,293$3,290,587
78$3,720,558$2,300,944$1,984,494$3,538,554
79$4,054,081$2,367,717$2,005,002$3,809,682
80$4,420,177$2,436,314$2,024,748$4,106,285
81$4,822,120$2,506,779$2,043,662$4,430,916
82$5,263,520$2,579,155$2,061,669$4,786,387
83$5,748,354$2,653,488$2,078,690$5,175,796
84$6,281,002$2,729,825$2,094,642$5,602,555
85$6,866,289$2,808,211$2,109,437$6,070,425
86$7,509,530$2,888,693$2,122,983$6,583,550
87$8,216,583$2,971,320$2,135,184$7,146,494
88$8,993,900$3,056,140$2,145,937$7,764,289
89$9,848,588$3,143,201$2,155,137$8,442,476
90$10,788,479$3,232,554$2,162,670$9,187,164
91$11,822,203$3,324,248$2,168,418$10,005,083
92$12,959,266$3,418,333$2,172,258$10,903,647
93$14,210,141$3,514,862$2,174,059$11,891,030
94$15,586,371$3,613,885$2,173,685$12,976,234
95$17,100,669$3,715,455$2,170,992$14,169,184
96$18,767,048$3,819,623$2,165,831$15,480,812
97$20,600,944$3,926,441$2,158,043$16,923,167
98$22,619,366$4,035,963$2,147,463$18,509,527
99$24,841,057$4,148,240$2,133,919$20,254,522
100$27,286,668$4,263,327$2,117,228$22,174,277