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%19.2%
1 years$145,339$144,045$142,781$141,549$140,345$135,150
2 years$71,950$70,610$69,311$68,052$66,831$61,656
3 years$47,490$46,144$44,849$43,602$42,400$37,408
4 years$35,263$33,921$32,639$31,413$30,240$25,469
5 years$27,928$26,595$25,329$24,128$22,988$18,450
6 years$23,040$21,716$20,470$19,295$18,190$13,887
7 years$19,550$18,237$17,010$15,864$14,793$10,726
8 years$16,933$15,633$14,426$13,308$12,272$8,437
9 years$14,900$13,611$12,425$11,335$10,335$6,725
10 years$13,273$11,998$10,833$9,771$8,806$5,416
11 years$11,944$10,681$9,537$8,504$7,573$4,396
12 years$10,836$9,586$8,464$7,459$6,563$3,590
13 years$9,900$8,663$7,562$6,585$5,723$2,946
14 years$9,099$7,875$6,794$5,846$5,017$2,427
15 years$8,404$7,194$6,134$5,213$4,417$2,006
16 years$7,797$6,600$5,562$4,668$3,904$1,662
17 years$7,263$6,078$5,061$4,194$3,461$1,380
18 years$6,788$5,617$4,620$3,780$3,078$1,148
19 years$6,363$5,206$4,229$3,415$2,743$956
20 years$5,982$4,837$3,881$3,093$2,450$798
21 years$5,637$4,506$3,570$2,807$2,193$666
22 years$5,324$4,206$3,290$2,552$1,966$556
23 years$5,039$3,934$3,038$2,325$1,764$465
24 years$4,777$3,686$2,810$2,120$1,586$389
25 years$4,538$3,459$2,602$1,936$1,427$326
26 years$4,316$3,251$2,414$1,770$1,285$273
27 years$4,112$3,059$2,241$1,620$1,159$228
28 years$3,923$2,883$2,084$1,485$1,046$191
29 years$3,747$2,720$1,939$1,361$944$160
30 years$3,583$2,568$1,806$1,250$853$134
31 years$3,429$2,428$1,684$1,148$771$113
32 years$3,286$2,297$1,571$1,055$698$94
33 years$3,152$2,176$1,467$970$631$79
34 years$3,026$2,062$1,370$892$572$66
35 years$2,907$1,956$1,281$821$518$56
36 years$2,795$1,856$1,199$757$469$47
37 years$2,690$1,763$1,122$697$425$39
38 years$2,590$1,676$1,051$642$386$33
39 years$2,496$1,593$984$592$350$28
40 years$2,406$1,516$923$546$317$23
41 years$2,321$1,443$865$504$288$19
42 years$2,241$1,374$811$465$261$16
43 years$2,164$1,309$761$429$237$14
44 years$2,091$1,248$715$397$215$11
45 years$2,022$1,190$671$366$195$10
46 years$1,955$1,135$630$338$177$8
47 years$1,892$1,083$592$313$161$7
48 years$1,832$1,034$557$289$146$6
49 years$1,774$988$523$267$133$5
50 years$1,718$944$492$247$121$4

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 $5,221 every year, while hoping to spend $47,992 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: 32/46/22 Blend
69$1,760,000$1,760,000$1,760,000$1,760,000
70$1,944,905$1,851,625$1,824,345$1,993,799
71$2,092,223$1,891,292$1,834,398$2,070,707
72$2,252,958$1,931,294$1,843,179$2,148,788
73$2,428,429$1,971,596$1,850,594$2,231,903
74$2,620,086$2,012,162$1,856,547$2,320,525
75$2,829,528$2,052,951$1,860,934$2,415,172
76$3,058,511$2,093,917$1,863,647$2,516,419
77$3,308,972$2,135,012$1,864,572$2,624,900
78$3,583,043$2,176,184$1,863,591$2,741,313
79$3,883,071$2,217,374$1,860,579$2,866,431
80$4,211,640$2,258,521$1,855,404$3,001,105
81$4,571,597$2,299,558$1,847,930$3,146,276
82$4,966,076$2,340,413$1,838,011$3,302,981
83$5,398,529$2,381,006$1,825,498$3,472,366
84$5,872,759$2,421,256$1,810,232$3,655,695
85$6,392,953$2,461,070$1,792,048$3,854,364
86$6,963,724$2,500,352$1,770,771$4,069,914
87$7,590,153$2,538,998$1,746,220$4,304,044
88$8,277,835$2,576,895$1,718,205$4,558,630
89$9,032,935$2,613,924$1,686,526$4,835,744
90$9,862,245$2,649,956$1,650,975$5,137,672
91$10,773,244$2,684,855$1,611,334$5,466,935
92$11,774,175$2,718,473$1,567,373$5,826,317
93$12,874,115$2,750,652$1,518,855$6,218,889
94$14,083,067$2,781,227$1,465,529$6,648,042
95$15,412,050$2,810,017$1,407,134$7,117,514
96$16,873,203$2,836,831$1,343,396$7,631,434
97$18,479,901$2,861,467$1,274,031$8,194,355
98$20,246,880$2,883,708$1,198,740$8,811,301
99$22,190,374$2,903,322$1,117,211$9,487,814
100$24,328,271$2,920,064$1,029,116$10,230,011