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%15.6%
1 years$148,642$147,318$146,027$144,766$143,535$140,236
2 years$73,585$72,215$70,887$69,599$68,350$65,044
3 years$48,570$47,193$45,868$44,593$43,364$40,155
4 years$36,064$34,692$33,380$32,127$30,928$27,840
5 years$28,563$27,199$25,905$24,676$23,511$20,554
6 years$23,564$22,210$20,935$19,734$18,603$15,779
7 years$19,994$18,652$17,397$16,224$15,129$12,439
8 years$17,318$15,988$14,754$13,610$12,551$9,994
9 years$15,238$13,921$12,708$11,593$10,570$8,143
10 years$13,575$12,270$11,079$9,993$9,006$6,707
11 years$12,215$10,924$9,754$8,697$7,746$5,572
12 years$11,083$9,804$8,656$7,628$6,712$4,660
13 years$10,125$8,860$7,734$6,735$5,853$3,918
14 years$9,305$8,054$6,949$5,978$5,131$3,309
15 years$8,595$7,357$6,274$5,332$4,518$2,806
16 years$7,975$6,750$5,688$4,774$3,993$2,386
17 years$7,428$6,217$5,176$4,289$3,540$2,034
18 years$6,942$5,744$4,725$3,866$3,148$1,738
19 years$6,508$5,324$4,325$3,493$2,806$1,487
20 years$6,118$4,947$3,970$3,163$2,506$1,275
21 years$5,765$4,608$3,651$2,871$2,243$1,094
22 years$5,445$4,302$3,365$2,610$2,010$940
23 years$5,153$4,023$3,107$2,377$1,804$809
24 years$4,886$3,769$2,874$2,168$1,622$696
25 years$4,641$3,537$2,662$1,980$1,459$599
26 years$4,415$3,325$2,468$1,811$1,315$517
27 years$4,206$3,129$2,292$1,657$1,185$446
28 years$4,012$2,948$2,131$1,518$1,069$384
29 years$3,832$2,781$1,983$1,392$966$332
30 years$3,664$2,627$1,847$1,278$873$286
31 years$3,507$2,483$1,722$1,174$789$247
32 years$3,361$2,350$1,607$1,079$714$214
33 years$3,224$2,225$1,500$992$646$185
34 years$3,095$2,109$1,402$913$585$159
35 years$2,973$2,000$1,310$840$530$138
36 years$2,859$1,898$1,226$774$480$119
37 years$2,751$1,803$1,147$713$435$103
38 years$2,649$1,714$1,074$657$394$89
39 years$2,552$1,629$1,007$606$358$77
40 years$2,461$1,550$944$559$324$67
41 years$2,374$1,476$885$516$294$58
42 years$2,292$1,405$830$476$267$50
43 years$2,213$1,339$779$439$242$43
44 years$2,139$1,276$731$406$220$37
45 years$2,068$1,217$686$375$200$32
46 years$2,000$1,161$645$346$181$28
47 years$1,935$1,108$606$320$165$24
48 years$1,873$1,058$569$295$149$21
49 years$1,814$1,010$535$273$136$18
50 years$1,757$965$503$252$123$16

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 $3,398 every year, while hoping to spend $53,733 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: 44/43/13 Blend
69$1,800,000$1,800,000$1,800,000$1,800,000
70$1,987,105$1,891,705$1,863,805$2,066,964
71$2,132,618$1,927,227$1,869,071$2,158,517
72$2,291,173$1,962,689$1,872,712$2,252,008
73$2,464,043$1,998,031$1,874,618$2,352,158
74$2,652,629$2,033,188$1,874,672$2,459,600
75$2,858,474$2,068,091$1,872,751$2,575,035
76$3,083,277$2,102,666$1,868,726$2,699,236
77$3,328,907$2,136,833$1,862,464$2,833,054
78$3,597,422$2,170,504$1,853,823$2,977,431
79$3,891,088$2,203,587$1,842,655$3,133,404
80$4,212,399$2,235,984$1,828,805$3,302,116
81$4,564,104$2,267,587$1,812,110$3,484,830
82$4,949,227$2,298,283$1,792,400$3,682,939
83$5,371,099$2,327,950$1,769,496$3,897,979
84$5,833,389$2,356,458$1,743,213$4,131,646
85$6,340,138$2,383,667$1,713,353$4,385,810
86$6,895,795$2,409,430$1,679,714$4,662,533
87$7,505,262$2,433,587$1,642,079$4,964,093
88$8,173,936$2,455,970$1,600,226$5,293,001
89$8,907,763$2,476,399$1,553,920$5,652,027
90$9,713,294$2,494,682$1,502,915$6,044,228
91$10,597,742$2,510,613$1,446,955$6,472,975
92$11,569,056$2,523,977$1,385,772$6,941,989
93$12,635,989$2,534,542$1,319,085$7,455,372
94$13,808,187$2,542,061$1,246,601$8,017,651
95$15,096,273$2,546,273$1,168,013$8,633,818
96$16,511,953$2,546,901$1,083,002$9,309,381
97$18,068,123$2,543,649$991,233$10,050,415
98$19,778,988$2,536,204$892,355$10,863,620
99$21,660,200$2,524,234$786,005$11,756,386
100$23,729,005$2,507,386$671,800$12,736,866