Can I retire at age 70 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$148,642$147,318$146,027$144,766$143,535$140,925
2 years$73,585$72,215$70,887$69,599$68,350$65,730
3 years$48,570$47,193$45,868$44,593$43,364$40,815
4 years$36,064$34,692$33,380$32,127$30,928$28,470
5 years$28,563$27,199$25,905$24,676$23,511$21,151
6 years$23,564$22,210$20,935$19,734$18,603$16,345
7 years$19,994$18,652$17,397$16,224$15,129$12,972
8 years$17,318$15,988$14,754$13,610$12,551$10,495
9 years$15,238$13,921$12,708$11,593$10,570$8,613
10 years$13,575$12,270$11,079$9,993$9,006$7,147
11 years$12,215$10,924$9,754$8,697$7,746$5,982
12 years$11,083$9,804$8,656$7,628$6,712$5,042
13 years$10,125$8,860$7,734$6,735$5,853$4,274
14 years$9,305$8,054$6,949$5,978$5,131$3,639
15 years$8,595$7,357$6,274$5,332$4,518$3,111
16 years$7,975$6,750$5,688$4,774$3,993$2,668
17 years$7,428$6,217$5,176$4,289$3,540$2,294
18 years$6,942$5,744$4,725$3,866$3,148$1,977
19 years$6,508$5,324$4,325$3,493$2,806$1,707
20 years$6,118$4,947$3,970$3,163$2,506$1,477
21 years$5,765$4,608$3,651$2,871$2,243$1,279
22 years$5,445$4,302$3,365$2,610$2,010$1,109
23 years$5,153$4,023$3,107$2,377$1,804$963
24 years$4,886$3,769$2,874$2,168$1,622$837
25 years$4,641$3,537$2,662$1,980$1,459$728
26 years$4,415$3,325$2,468$1,811$1,315$633
27 years$4,206$3,129$2,292$1,657$1,185$551
28 years$4,012$2,948$2,131$1,518$1,069$480
29 years$3,832$2,781$1,983$1,392$966$419
30 years$3,664$2,627$1,847$1,278$873$365
31 years$3,507$2,483$1,722$1,174$789$318
32 years$3,361$2,350$1,607$1,079$714$278
33 years$3,224$2,225$1,500$992$646$242
34 years$3,095$2,109$1,402$913$585$212
35 years$2,973$2,000$1,310$840$530$185
36 years$2,859$1,898$1,226$774$480$161
37 years$2,751$1,803$1,147$713$435$141
38 years$2,649$1,714$1,074$657$394$123
39 years$2,552$1,629$1,007$606$358$107
40 years$2,461$1,550$944$559$324$94
41 years$2,374$1,476$885$516$294$82
42 years$2,292$1,405$830$476$267$72
43 years$2,213$1,339$779$439$242$63
44 years$2,139$1,276$731$406$220$55
45 years$2,068$1,217$686$375$200$48
46 years$2,000$1,161$645$346$181$42
47 years$1,935$1,108$606$320$165$36
48 years$1,873$1,058$569$295$149$32
49 years$1,814$1,010$535$273$136$28
50 years$1,757$965$503$252$123$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,800,000, adding $3,958 every year, while hoping to spend $32,747 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: 72/15/13 Blend
69$1,800,000$1,800,000$1,800,000$1,800,000
70$1,987,683$1,892,283$1,864,383$2,124,999
71$2,155,584$1,950,162$1,891,997$2,274,350
72$2,339,513$2,009,780$1,919,439$2,433,449
73$2,541,071$2,071,187$1,946,668$2,606,790
74$2,762,021$2,134,435$1,973,641$2,795,775
75$3,004,302$2,199,578$2,000,314$3,001,948
76$3,270,054$2,266,670$2,026,637$3,227,005
77$3,561,631$2,335,768$2,052,561$3,472,819
78$3,881,626$2,406,930$2,078,031$3,741,448
79$4,232,898$2,480,215$2,102,990$4,035,162
80$4,618,593$2,555,685$2,127,380$4,356,459
81$5,042,177$2,633,402$2,151,135$4,708,092
82$5,507,471$2,713,430$2,174,189$5,093,092
83$6,018,680$2,795,836$2,196,473$5,514,798
84$6,580,441$2,880,687$2,217,910$5,976,888
85$7,197,859$2,968,053$2,238,422$6,483,415
86$7,876,559$3,058,006$2,257,928$7,038,842
87$8,622,739$3,150,619$2,276,339$7,648,086
88$9,443,226$3,245,968$2,293,565$8,316,565
89$10,345,544$3,344,129$2,309,508$9,050,246
90$11,337,980$3,445,182$2,324,067$9,855,704
91$12,429,666$3,549,207$2,337,135$10,740,184
92$13,630,663$3,656,290$2,348,600$11,711,667
93$14,952,057$3,766,514$2,358,344$12,778,946
94$16,406,061$3,879,968$2,366,244$13,951,709
95$18,006,134$3,996,741$2,372,168$15,240,632
96$19,767,104$4,116,926$2,375,980$16,657,476
97$21,705,310$4,240,617$2,377,536$18,215,201
98$23,838,755$4,367,910$2,376,687$19,928,086
99$26,187,275$4,498,905$2,373,273$21,811,865
100$28,772,729$4,633,703$2,367,130$23,883,876