Can I retire at age 70 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$146,165$144,863$143,593$142,353$141,142$138,633
2 years$72,359$71,011$69,705$68,439$67,211$64,691
3 years$47,760$46,407$45,104$43,849$42,641$40,190
4 years$35,463$34,114$32,824$31,591$30,412$28,048
5 years$28,087$26,746$25,473$24,265$23,119$20,849
6 years$23,171$21,840$20,586$19,405$18,293$16,119
7 years$19,661$18,341$17,107$15,954$14,877$12,801
8 years$17,030$15,722$14,508$13,383$12,342$10,362
9 years$14,984$13,689$12,496$11,400$10,394$8,509
10 years$13,349$12,066$10,894$9,827$8,856$7,065
11 years$12,012$10,741$9,591$8,552$7,616$5,917
12 years$10,898$9,641$8,512$7,501$6,600$4,991
13 years$9,957$8,713$7,605$6,623$5,756$4,233
14 years$9,150$7,920$6,833$5,879$5,045$3,607
15 years$8,452$7,235$6,169$5,243$4,442$3,086
16 years$7,842$6,638$5,593$4,694$3,926$2,648
17 years$7,304$6,113$5,090$4,218$3,481$2,279
18 years$6,826$5,649$4,646$3,801$3,095$1,965
19 years$6,399$5,235$4,253$3,435$2,759$1,698
20 years$6,016$4,865$3,904$3,111$2,464$1,470
21 years$5,669$4,531$3,590$2,823$2,205$1,274
22 years$5,354$4,230$3,309$2,567$1,977$1,106
23 years$5,067$3,956$3,055$2,338$1,774$961
24 years$4,805$3,707$2,826$2,132$1,595$836
25 years$4,563$3,478$2,617$1,947$1,435$727
26 years$4,341$3,269$2,427$1,780$1,293$633
27 years$4,135$3,077$2,254$1,630$1,166$552
28 years$3,945$2,899$2,095$1,493$1,052$481
29 years$3,768$2,735$1,950$1,369$950$420
30 years$3,603$2,583$1,816$1,257$858$366
31 years$3,449$2,442$1,693$1,154$776$320
32 years$3,305$2,310$1,580$1,061$702$279
33 years$3,170$2,188$1,475$975$635$244
34 years$3,043$2,074$1,378$897$575$213
35 years$2,924$1,967$1,289$826$521$186
36 years$2,811$1,867$1,205$761$472$163
37 years$2,705$1,773$1,128$701$428$142
38 years$2,605$1,685$1,057$646$388$124
39 years$2,510$1,602$990$596$352$109
40 years$2,420$1,524$928$550$319$95
41 years$2,335$1,451$870$507$289$83
42 years$2,253$1,382$816$468$263$73
43 years$2,176$1,317$766$432$238$63
44 years$2,103$1,255$719$399$216$56
45 years$2,033$1,197$675$368$196$49
46 years$1,966$1,142$634$340$178$42
47 years$1,903$1,090$596$314$162$37
48 years$1,842$1,040$560$290$147$32
49 years$1,784$993$526$268$134$28
50 years$1,728$949$495$248$121$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,770,000, adding $5,195 every year, while hoping to spend $22,346 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: 45/37/18 Blend
69$1,770,000$1,770,000$1,770,000$1,770,000
70$1,955,899$1,862,089$1,834,654$2,033,588
71$2,131,624$1,929,555$1,872,339$2,155,968
72$2,324,525$1,999,578$1,910,537$2,285,964
73$2,536,329$2,072,260$1,949,243$2,426,462
74$2,768,940$2,147,707$1,988,448$2,578,446
75$3,024,456$2,226,028$2,028,145$2,742,998
76$3,305,186$2,307,339$2,068,323$2,921,305
77$3,613,677$2,391,760$2,108,973$3,114,675
78$3,952,731$2,479,415$2,150,083$3,324,544
79$4,325,438$2,570,435$2,191,640$3,552,493
80$4,735,202$2,664,956$2,233,628$3,800,260
81$5,185,771$2,763,117$2,276,033$4,069,754
82$5,681,277$2,865,067$2,318,838$4,363,080
83$6,226,271$2,970,959$2,362,023$4,682,550
84$6,825,768$3,080,954$2,405,568$5,030,710
85$7,485,293$3,195,217$2,449,451$5,410,359
86$8,210,933$3,313,923$2,493,648$5,824,581
87$9,009,396$3,437,253$2,538,133$6,276,765
88$9,888,072$3,565,396$2,582,878$6,770,647
89$10,855,104$3,698,549$2,627,853$7,310,335
90$11,919,465$3,836,918$2,673,026$7,900,351
91$13,091,040$3,980,717$2,718,362$8,545,677
92$14,380,723$4,130,169$2,763,825$9,251,792
93$15,800,518$4,285,508$2,809,373$10,024,734
94$17,363,649$4,446,977$2,854,966$10,871,147
95$19,084,692$4,614,829$2,900,558$11,798,350
96$20,979,704$4,789,330$2,946,101$12,814,398
97$23,066,382$4,970,754$2,991,543$13,928,165
98$25,364,223$5,159,392$3,036,830$15,149,423
99$27,894,714$5,355,542$3,081,904$16,488,931
100$30,681,530$5,559,519$3,126,703$17,958,542