Can I retire at age 70 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$147,817$146,500$145,215$143,961$142,737$140,488
2 years$73,176$71,814$70,493$69,212$67,970$65,710
3 years$48,300$46,931$45,614$44,345$43,123$40,922
4 years$35,864$34,499$33,195$31,948$30,756$28,631
5 years$28,404$27,048$25,761$24,539$23,380$21,338
6 years$23,433$22,087$20,818$19,624$18,500$16,543
7 years$19,883$18,548$17,300$16,134$15,045$13,173
8 years$17,222$15,899$14,672$13,534$12,482$10,695
9 years$15,153$13,843$12,637$11,528$10,511$8,809
10 years$13,500$12,202$11,017$9,938$8,956$7,336
11 years$12,147$10,863$9,699$8,649$7,703$6,164
12 years$11,021$9,750$8,608$7,586$6,675$5,215
13 years$10,069$8,811$7,691$6,697$5,821$4,438
14 years$9,254$8,009$6,910$5,945$5,102$3,795
15 years$8,548$7,316$6,239$5,302$4,492$3,257
16 years$7,930$6,713$5,656$4,747$3,970$2,805
17 years$7,386$6,182$5,147$4,265$3,520$2,422
18 years$6,903$5,713$4,699$3,844$3,130$2,097
19 years$6,472$5,294$4,301$3,473$2,790$1,819
20 years$6,084$4,920$3,948$3,146$2,492$1,580
21 years$5,733$4,583$3,631$2,855$2,230$1,375
22 years$5,415$4,278$3,347$2,596$1,999$1,198
23 years$5,125$4,001$3,090$2,364$1,794$1,045
24 years$4,859$3,748$2,858$2,156$1,613$912
25 years$4,615$3,518$2,647$1,969$1,451$797
26 years$4,390$3,306$2,455$1,801$1,307$697
27 years$4,182$3,111$2,279$1,648$1,179$610
28 years$3,990$2,932$2,119$1,510$1,064$534
29 years$3,810$2,766$1,972$1,385$960$467
30 years$3,644$2,612$1,837$1,271$868$410
31 years$3,488$2,469$1,712$1,167$785$359
32 years$3,342$2,336$1,598$1,073$710$315
33 years$3,206$2,213$1,492$986$642$276
34 years$3,077$2,097$1,394$908$581$242
35 years$2,957$1,989$1,303$835$527$212
36 years$2,843$1,888$1,219$769$477$186
37 years$2,736$1,793$1,141$709$432$164
38 years$2,634$1,704$1,069$653$392$144
39 years$2,538$1,620$1,001$602$356$126
40 years$2,447$1,542$938$556$323$111
41 years$2,361$1,468$880$513$293$97
42 years$2,279$1,398$825$473$265$85
43 years$2,201$1,332$774$437$241$75
44 years$2,127$1,269$727$403$219$66
45 years$2,056$1,210$683$372$199$58
46 years$1,989$1,155$641$344$180$51
47 years$1,924$1,102$602$318$164$45
48 years$1,863$1,052$566$294$149$39
49 years$1,804$1,005$532$271$135$34
50 years$1,748$960$500$251$123$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,790,000, adding $6,337 every year, while hoping to spend $42,556 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: 86/9/5 Blend
69$1,790,000$1,790,000$1,790,000$1,790,000
70$1,979,117$1,884,247$1,856,502$2,148,862
71$2,135,707$1,931,295$1,873,415$2,307,442
72$2,306,844$1,979,223$1,889,469$2,475,120
73$2,493,965$2,028,029$1,904,589$2,657,986
74$2,698,655$2,077,708$1,918,699$2,857,536
75$2,922,658$2,128,256$1,931,716$3,075,420
76$3,167,895$2,179,666$1,943,554$3,313,453
77$3,436,480$2,231,929$1,954,123$3,573,633
78$3,730,744$2,285,036$1,963,328$3,858,163
79$4,053,249$2,338,973$1,971,069$4,169,466
80$4,406,823$2,393,724$1,977,242$4,510,214
81$4,794,575$2,449,273$1,981,736$4,883,349
82$5,219,933$2,505,599$1,984,436$5,292,109
83$5,686,672$2,562,679$1,985,220$5,740,064
84$6,198,948$2,620,486$1,983,961$6,231,145
85$6,761,342$2,678,991$1,980,525$6,769,683
86$7,378,899$2,738,161$1,974,772$7,360,450
87$8,057,175$2,797,960$1,966,555$8,008,699
88$8,802,293$2,858,346$1,955,720$8,720,223
89$9,620,996$2,919,274$1,942,106$9,501,400
90$10,520,714$2,980,695$1,925,543$10,359,257
91$11,509,632$3,042,554$1,905,855$11,301,539
92$12,596,768$3,104,793$1,882,854$12,336,776
93$13,792,056$3,167,345$1,856,347$13,474,366
94$15,106,441$3,230,141$1,826,131$14,724,668
95$16,551,984$3,293,103$1,791,991$16,099,090
96$18,141,969$3,356,148$1,753,706$17,610,206
97$19,891,035$3,419,185$1,711,041$19,271,868
98$21,815,312$3,482,116$1,663,752$21,099,341
99$23,932,569$3,544,835$1,611,583$23,109,443
100$26,262,389$3,607,229$1,554,268$25,320,707