Can I retire at age 70 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$145,339$144,045$142,781$141,549$140,345$138,995
2 years$71,950$70,610$69,311$68,052$66,831$65,471
3 years$47,490$46,144$44,849$43,602$42,400$41,073
4 years$35,263$33,921$32,639$31,413$30,240$28,955
5 years$27,928$26,595$25,329$24,128$22,988$21,749
6 years$23,040$21,716$20,470$19,295$18,190$16,998
7 years$19,550$18,237$17,010$15,864$14,793$13,650
8 years$16,933$15,633$14,426$13,308$12,272$11,178
9 years$14,900$13,611$12,425$11,335$10,335$9,288
10 years$13,273$11,998$10,833$9,771$8,806$7,806
11 years$11,944$10,681$9,537$8,504$7,573$6,620
12 years$10,836$9,586$8,464$7,459$6,563$5,655
13 years$9,900$8,663$7,562$6,585$5,723$4,860
14 years$9,099$7,875$6,794$5,846$5,017$4,197
15 years$8,404$7,194$6,134$5,213$4,417$3,639
16 years$7,797$6,600$5,562$4,668$3,904$3,167
17 years$7,263$6,078$5,061$4,194$3,461$2,764
18 years$6,788$5,617$4,620$3,780$3,078$2,418
19 years$6,363$5,206$4,229$3,415$2,743$2,121
20 years$5,982$4,837$3,881$3,093$2,450$1,863
21 years$5,637$4,506$3,570$2,807$2,193$1,639
22 years$5,324$4,206$3,290$2,552$1,966$1,445
23 years$5,039$3,934$3,038$2,325$1,764$1,275
24 years$4,777$3,686$2,810$2,120$1,586$1,126
25 years$4,538$3,459$2,602$1,936$1,427$995
26 years$4,316$3,251$2,414$1,770$1,285$881
27 years$4,112$3,059$2,241$1,620$1,159$780
28 years$3,923$2,883$2,084$1,485$1,046$691
29 years$3,747$2,720$1,939$1,361$944$613
30 years$3,583$2,568$1,806$1,250$853$543
31 years$3,429$2,428$1,684$1,148$771$482
32 years$3,286$2,297$1,571$1,055$698$428
33 years$3,152$2,176$1,467$970$631$380
34 years$3,026$2,062$1,370$892$572$338
35 years$2,907$1,956$1,281$821$518$300
36 years$2,795$1,856$1,199$757$469$267
37 years$2,690$1,763$1,122$697$425$237
38 years$2,590$1,676$1,051$642$386$211
39 years$2,496$1,593$984$592$350$187
40 years$2,406$1,516$923$546$317$167
41 years$2,321$1,443$865$504$288$148
42 years$2,241$1,374$811$465$261$132
43 years$2,164$1,309$761$429$237$117
44 years$2,091$1,248$715$397$215$104
45 years$2,022$1,190$671$366$195$93
46 years$1,955$1,135$630$338$177$83
47 years$1,892$1,083$592$313$161$74
48 years$1,832$1,034$557$289$146$66
49 years$1,774$988$523$267$133$58
50 years$1,718$944$492$247$121$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,760,000, adding $2,088 every year, while hoping to spend $45,847 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: 52/26/22 Blend
69$1,760,000$1,760,000$1,760,000$1,760,000
70$1,941,674$1,848,394$1,821,114$2,030,697
71$2,090,944$1,890,184$1,833,340$2,134,138
72$2,253,902$1,932,486$1,844,440$2,241,693
73$2,431,898$1,975,275$1,854,326$2,357,726
74$2,626,414$2,018,526$1,862,909$2,483,059
75$2,839,085$2,062,210$1,870,092$2,618,599
76$3,071,708$2,106,295$1,875,777$2,765,345
77$3,326,265$2,150,746$1,879,858$2,924,398
78$3,604,935$2,195,524$1,882,224$3,096,974
79$3,910,121$2,240,587$1,882,761$3,284,410
80$4,244,466$2,285,889$1,881,347$3,488,181
81$4,610,883$2,331,379$1,877,853$3,709,914
82$5,012,579$2,377,003$1,872,148$3,951,401
83$5,453,087$2,422,701$1,864,090$4,214,620
84$5,936,298$2,468,409$1,853,532$4,501,748
85$6,466,496$2,514,056$1,840,321$4,815,187
86$7,048,402$2,559,569$1,824,296$5,157,586
87$7,687,217$2,604,865$1,805,287$5,531,862
88$8,388,666$2,649,856$1,783,117$5,941,236
89$9,159,059$2,694,449$1,757,601$6,389,253
90$10,005,348$2,738,542$1,728,545$6,879,826
91$10,935,188$2,782,025$1,695,746$7,417,266
92$11,957,014$2,824,781$1,658,991$8,006,327
93$13,080,120$2,866,685$1,618,057$8,652,249
94$14,314,742$2,907,603$1,572,712$9,360,809
95$15,672,159$2,947,389$1,522,712$10,138,376
96$17,164,799$2,985,891$1,467,802$10,991,970
97$18,806,352$3,022,942$1,407,716$11,929,334
98$20,611,901$3,058,368$1,342,176$12,958,997
99$22,598,066$3,091,979$1,270,890$14,090,368
100$24,783,158$3,123,576$1,193,555$15,333,815