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

Use the below retirement simulation to view the chances of a successful retirement.
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%15%
1 years$143,688$142,408$141,159$139,940$138,750$135,893
2 years$71,132$69,808$68,524$67,279$66,071$63,206
3 years$46,951$45,620$44,339$43,106$41,918$39,134
4 years$34,862$33,536$32,268$31,056$29,897$27,215
5 years$27,611$26,292$25,041$23,854$22,727$20,155
6 years$22,778$21,470$20,237$19,076$17,983$15,524
7 years$19,328$18,030$16,817$15,683$14,625$12,279
8 years$16,741$15,455$14,262$13,156$12,133$9,900
9 years$14,730$13,457$12,284$11,206$10,218$8,096
10 years$13,122$11,861$10,709$9,660$8,706$6,693
11 years$11,808$10,559$9,428$8,407$7,487$5,581
12 years$10,713$9,478$8,367$7,374$6,488$4,686
13 years$9,788$8,565$7,476$6,510$5,658$3,956
14 years$8,995$7,785$6,717$5,779$4,960$3,355
15 years$8,309$7,112$6,065$5,154$4,367$2,856
16 years$7,709$6,525$5,498$4,615$3,860$2,439
17 years$7,180$6,009$5,003$4,146$3,422$2,088
18 years$6,711$5,553$4,567$3,737$3,043$1,792
19 years$6,291$5,146$4,181$3,376$2,712$1,541
20 years$5,914$4,782$3,837$3,058$2,423$1,327
21 years$5,573$4,455$3,530$2,775$2,168$1,144
22 years$5,263$4,158$3,253$2,523$1,943$987
23 years$4,981$3,889$3,004$2,298$1,744$853
24 years$4,723$3,644$2,778$2,096$1,568$738
25 years$4,486$3,419$2,573$1,914$1,411$639
26 years$4,267$3,214$2,386$1,750$1,271$553
27 years$4,065$3,025$2,216$1,602$1,146$479
28 years$3,878$2,850$2,060$1,468$1,034$415
29 years$3,704$2,689$1,917$1,346$934$360
30 years$3,542$2,539$1,786$1,235$843$313
31 years$3,391$2,400$1,665$1,135$763$271
32 years$3,249$2,271$1,553$1,043$690$235
33 years$3,116$2,151$1,450$959$624$204
34 years$2,991$2,039$1,355$882$565$178
35 years$2,874$1,934$1,267$812$512$154
36 years$2,764$1,835$1,185$748$464$134
37 years$2,659$1,743$1,109$689$420$116
38 years$2,561$1,656$1,039$635$381$101
39 years$2,467$1,575$973$586$346$88
40 years$2,379$1,499$912$540$313$76
41 years$2,295$1,427$855$498$284$66
42 years$2,215$1,359$802$460$258$58
43 years$2,139$1,294$753$425$234$50
44 years$2,067$1,234$707$392$213$44
45 years$1,999$1,177$664$362$193$38
46 years$1,933$1,122$623$334$175$33
47 years$1,871$1,071$585$309$159$29
48 years$1,811$1,023$550$286$145$25
49 years$1,754$977$517$264$131$22
50 years$1,699$933$486$244$119$19

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 $2,686 every year, while hoping to spend $34,078 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: 49/27/24 Blend
69$1,740,000$1,740,000$1,740,000$1,740,000
70$1,920,251$1,828,031$1,801,061$2,001,188
71$2,079,857$1,881,345$1,825,137$2,111,225
72$2,254,602$1,936,130$1,848,879$2,227,071
73$2,445,992$1,992,422$1,872,237$2,352,239
74$2,655,689$2,050,256$1,895,163$2,487,625
75$2,885,522$2,109,671$1,917,603$2,634,213
76$3,137,504$2,170,704$1,939,502$2,793,089
77$3,413,855$2,233,394$1,960,801$2,965,447
78$3,717,018$2,297,780$1,981,437$3,152,601
79$4,049,685$2,363,902$2,001,346$3,356,002
80$4,414,820$2,431,800$2,020,458$3,577,243
81$4,815,688$2,501,515$2,038,700$3,818,082
82$5,255,888$2,573,089$2,055,996$4,080,454
83$5,739,382$2,646,564$2,072,265$4,366,490
84$6,270,534$2,721,981$2,087,422$4,678,540
85$6,854,156$2,799,385$2,101,377$5,019,190
86$7,495,543$2,878,818$2,114,037$5,391,290
87$8,200,533$2,960,325$2,125,302$5,797,980
88$8,975,556$3,043,949$2,135,068$6,242,718
89$9,827,696$3,129,737$2,143,227$6,729,316
90$10,764,759$3,217,731$2,149,662$7,261,972
91$11,795,343$3,307,979$2,154,255$7,845,313
92$12,928,923$3,400,525$2,156,877$8,484,437
93$14,175,937$3,495,415$2,157,397$9,184,961
94$15,547,888$3,592,695$2,155,674$9,953,073
95$17,057,446$3,692,410$2,151,563$10,795,593
96$18,718,575$3,794,608$2,144,910$11,720,036
97$20,546,659$3,899,333$2,135,554$12,734,682
98$22,558,649$4,006,632$2,123,326$13,848,656
99$24,773,224$4,116,549$2,108,050$15,072,013
100$27,210,964$4,229,131$2,089,540$16,415,833