Can I retire at age 70 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$146,991$145,681$144,404$143,157$141,940$139,876
2 years$72,768$71,412$70,099$68,826$67,590$65,516
3 years$48,030$46,669$45,359$44,097$42,882$40,861
4 years$35,663$34,307$33,010$31,770$30,584$28,632
5 years$28,246$26,897$25,617$24,402$23,249$21,372
6 years$23,302$21,963$20,702$19,515$18,396$16,596
7 years$19,772$18,445$17,204$16,044$14,961$13,238
8 years$17,126$15,810$14,590$13,459$12,412$10,766
9 years$15,069$13,766$12,566$11,464$10,453$8,883
10 years$13,424$12,134$10,956$9,882$8,906$7,412
11 years$12,079$10,802$9,645$8,600$7,660$6,239
12 years$10,960$9,695$8,560$7,544$6,638$5,289
13 years$10,013$8,762$7,648$6,660$5,788$4,510
14 years$9,202$7,964$6,871$5,912$5,074$3,863
15 years$8,500$7,275$6,204$5,272$4,467$3,323
16 years$7,886$6,675$5,625$4,721$3,948$2,868
17 years$7,345$6,148$5,118$4,242$3,501$2,482
18 years$6,865$5,681$4,672$3,823$3,113$2,153
19 years$6,436$5,265$4,277$3,454$2,774$1,872
20 years$6,050$4,892$3,926$3,128$2,478$1,630
21 years$5,701$4,557$3,611$2,839$2,218$1,421
22 years$5,384$4,254$3,328$2,581$1,988$1,241
23 years$5,096$3,978$3,073$2,351$1,784$1,085
24 years$4,832$3,728$2,842$2,144$1,604$949
25 years$4,589$3,498$2,632$1,958$1,443$832
26 years$4,366$3,288$2,441$1,790$1,300$729
27 years$4,159$3,094$2,267$1,639$1,172$639
28 years$3,967$2,916$2,107$1,502$1,058$561
29 years$3,789$2,750$1,961$1,377$955$492
30 years$3,623$2,598$1,827$1,264$863$433
31 years$3,468$2,456$1,703$1,161$780$380
32 years$3,324$2,323$1,589$1,067$706$334
33 years$3,188$2,200$1,483$981$639$294
34 years$3,060$2,085$1,386$902$578$258
35 years$2,940$1,978$1,296$831$524$227
36 years$2,827$1,877$1,212$765$475$200
37 years$2,720$1,783$1,135$705$430$176
38 years$2,619$1,695$1,063$650$390$155
39 years$2,524$1,611$995$599$354$136
40 years$2,434$1,533$933$553$321$120
41 years$2,348$1,459$875$510$291$106
42 years$2,266$1,390$821$471$264$93
43 years$2,189$1,324$770$434$240$82
44 years$2,115$1,262$723$401$217$72
45 years$2,045$1,204$679$370$197$63
46 years$1,978$1,148$638$342$179$56
47 years$1,914$1,096$599$316$163$49
48 years$1,852$1,046$563$292$148$43
49 years$1,794$999$529$270$134$38
50 years$1,738$954$497$250$122$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,780,000, adding $2,803 every year, while hoping to spend $53,530 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: 46/34/20 Blend
69$1,780,000$1,780,000$1,780,000$1,780,000
70$1,964,451$1,870,111$1,842,521$2,043,459
71$2,107,870$1,904,791$1,847,290$2,133,722
72$2,264,123$1,939,376$1,850,425$2,226,039
73$2,434,463$1,973,806$1,851,814$2,325,085
74$2,620,269$2,008,013$1,851,341$2,431,510
75$2,823,059$2,041,927$1,848,882$2,546,034
76$3,044,501$2,075,473$1,844,311$2,669,450
77$3,286,436$2,108,567$1,837,491$2,802,633
78$3,550,888$2,141,121$1,828,281$2,946,547
79$3,840,084$2,173,042$1,816,534$3,102,260
80$4,156,479$2,204,227$1,802,095$3,270,946
81$4,502,774$2,234,569$1,784,799$3,453,904
82$4,881,945$2,263,950$1,764,478$3,652,564
83$5,297,268$2,292,249$1,740,953$3,868,507
84$5,752,351$2,319,330$1,714,036$4,103,476
85$6,251,167$2,345,054$1,683,533$4,359,394
86$6,798,093$2,369,268$1,649,238$4,638,384
87$7,397,948$2,391,813$1,610,938$4,942,787
88$8,056,042$2,412,515$1,568,407$5,275,188
89$8,778,222$2,431,192$1,521,413$5,638,437
90$9,570,929$2,447,648$1,469,708$6,035,678
91$10,441,258$2,461,677$1,413,037$6,470,382
92$11,397,024$2,473,057$1,351,132$6,946,377
93$12,446,838$2,481,554$1,283,712$7,467,885
94$13,600,182$2,486,917$1,210,484$8,039,564
95$14,867,507$2,488,882$1,131,141$8,666,554
96$16,260,322$2,487,167$1,045,364$9,354,524
97$17,791,309$2,481,472$952,817$10,109,725
98$19,474,438$2,471,480$853,152$10,939,054
99$21,325,101$2,456,853$746,003$11,850,119
100$23,360,256$2,437,233$630,989$12,851,310