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%11.7%
1 years$147,817$146,500$145,215$143,961$142,737$141,719
2 years$73,176$71,814$70,493$69,212$67,970$66,943
3 years$48,300$46,931$45,614$44,345$43,123$42,119
4 years$35,864$34,499$33,195$31,948$30,756$29,783
5 years$28,404$27,048$25,761$24,539$23,380$22,441
6 years$23,433$22,087$20,818$19,624$18,500$17,596
7 years$19,883$18,548$17,300$16,134$15,045$14,177
8 years$17,222$15,899$14,672$13,534$12,482$11,649
9 years$15,153$13,843$12,637$11,528$10,511$9,714
10 years$13,500$12,202$11,017$9,938$8,956$8,194
11 years$12,147$10,863$9,699$8,649$7,703$6,974
12 years$11,021$9,750$8,608$7,586$6,675$5,980
13 years$10,069$8,811$7,691$6,697$5,821$5,159
14 years$9,254$8,009$6,910$5,945$5,102$4,473
15 years$8,548$7,316$6,239$5,302$4,492$3,894
16 years$7,930$6,713$5,656$4,747$3,970$3,403
17 years$7,386$6,182$5,147$4,265$3,520$2,982
18 years$6,903$5,713$4,699$3,844$3,130$2,620
19 years$6,472$5,294$4,301$3,473$2,790$2,308
20 years$6,084$4,920$3,948$3,146$2,492$2,036
21 years$5,733$4,583$3,631$2,855$2,230$1,800
22 years$5,415$4,278$3,347$2,596$1,999$1,593
23 years$5,125$4,001$3,090$2,364$1,794$1,412
24 years$4,859$3,748$2,858$2,156$1,613$1,253
25 years$4,615$3,518$2,647$1,969$1,451$1,113
26 years$4,390$3,306$2,455$1,801$1,307$989
27 years$4,182$3,111$2,279$1,648$1,179$880
28 years$3,990$2,932$2,119$1,510$1,064$784
29 years$3,810$2,766$1,972$1,385$960$698
30 years$3,644$2,612$1,837$1,271$868$622
31 years$3,488$2,469$1,712$1,167$785$555
32 years$3,342$2,336$1,598$1,073$710$495
33 years$3,206$2,213$1,492$986$642$442
34 years$3,077$2,097$1,394$908$581$394
35 years$2,957$1,989$1,303$835$527$352
36 years$2,843$1,888$1,219$769$477$315
37 years$2,736$1,793$1,141$709$432$281
38 years$2,634$1,704$1,069$653$392$251
39 years$2,538$1,620$1,001$602$356$225
40 years$2,447$1,542$938$556$323$201
41 years$2,361$1,468$880$513$293$180
42 years$2,279$1,398$825$473$265$161
43 years$2,201$1,332$774$437$241$144
44 years$2,127$1,269$727$403$219$128
45 years$2,056$1,210$683$372$199$115
46 years$1,989$1,155$641$344$180$103
47 years$1,924$1,102$602$318$164$92
48 years$1,863$1,052$566$294$149$82
49 years$1,804$1,005$532$271$135$74
50 years$1,748$960$500$251$123$66

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 $2,261 every year, while hoping to spend $58,553 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: 77/5/18 Blend
69$1,790,000$1,790,000$1,790,000$1,790,000
70$1,974,912$1,880,042$1,852,297$2,118,780
71$2,114,053$1,909,864$1,852,049$2,243,989
72$2,265,424$1,939,185$1,849,831$2,373,730
73$2,430,211$1,967,919$1,845,513$2,514,438
74$2,609,718$1,995,972$1,838,963$2,667,191
75$2,805,381$2,023,246$1,830,040$2,833,177
76$3,018,779$2,049,635$1,818,596$3,013,703
77$3,251,653$2,075,026$1,804,477$3,210,210
78$3,505,916$2,099,296$1,787,522$3,424,287
79$3,783,676$2,122,318$1,767,560$3,657,683
80$4,087,252$2,143,953$1,744,414$3,912,327
81$4,419,198$2,164,053$1,717,899$4,190,344
82$4,782,327$2,182,462$1,687,819$4,494,076
83$5,179,735$2,199,013$1,653,972$4,826,104
84$5,614,831$2,213,528$1,616,143$5,189,273
85$6,091,370$2,225,817$1,574,110$5,586,716
86$6,613,486$2,235,679$1,527,639$6,021,888
87$7,185,734$2,242,899$1,476,487$6,498,598
88$7,813,127$2,247,250$1,420,398$7,021,041
89$8,501,189$2,248,488$1,359,105$7,593,841
90$9,256,005$2,246,358$1,292,329$8,222,096
91$10,084,274$2,240,586$1,219,778$8,911,424
92$10,993,377$2,230,882$1,141,148$9,668,016
93$11,991,444$2,216,939$1,056,119$10,498,694
94$13,087,432$2,198,429$964,360$11,410,981
95$14,291,206$2,175,008$865,522$12,413,164
96$15,613,634$2,146,308$759,242$13,514,380
97$17,066,688$2,111,941$645,140$14,724,697
98$18,663,558$2,071,494$522,820$16,055,211
99$20,418,776$2,024,532$391,869$17,518,154
100$22,348,349$1,970,591$251,854$19,127,004