Can I retire at age 70 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$149,468$148,137$146,838$145,570$144,332$140,615
2 years$73,994$72,616$71,280$69,986$68,729$65,009
3 years$48,839$47,455$46,123$44,840$43,605$39,998
4 years$36,265$34,885$33,566$32,305$31,099$27,633
5 years$28,722$27,350$26,048$24,813$23,641$20,326
6 years$23,695$22,333$21,051$19,843$18,706$15,545
7 years$20,105$18,756$17,494$16,314$15,213$12,206
8 years$17,414$16,077$14,836$13,686$12,621$9,766
9 years$15,323$13,998$12,778$11,657$10,629$7,924
10 years$13,650$12,338$11,140$10,049$9,056$6,499
11 years$12,283$10,984$9,808$8,745$7,789$5,374
12 years$11,144$9,859$8,704$7,671$6,749$4,474
13 years$10,182$8,909$7,777$6,772$5,886$3,745
14 years$9,357$8,098$6,987$6,012$5,159$3,148
15 years$8,643$7,398$6,309$5,361$4,543$2,655
16 years$8,019$6,788$5,720$4,800$4,015$2,247
17 years$7,469$6,251$5,205$4,313$3,560$1,906
18 years$6,980$5,776$4,751$3,887$3,165$1,620
19 years$6,544$5,353$4,349$3,512$2,821$1,379
20 years$6,152$4,975$3,992$3,181$2,520$1,176
21 years$5,797$4,634$3,672$2,887$2,255$1,004
22 years$5,475$4,325$3,384$2,625$2,021$858
23 years$5,182$4,045$3,124$2,391$1,815$734
24 years$4,913$3,790$2,890$2,180$1,631$628
25 years$4,666$3,557$2,676$1,991$1,468$538
26 years$4,439$3,343$2,482$1,821$1,322$461
27 years$4,229$3,146$2,305$1,666$1,192$395
28 years$4,034$2,965$2,143$1,527$1,075$339
29 years$3,853$2,797$1,994$1,400$971$291
30 years$3,684$2,641$1,857$1,285$877$250
31 years$3,527$2,497$1,732$1,180$793$214
32 years$3,380$2,363$1,616$1,085$718$184
33 years$3,241$2,237$1,508$997$649$158
34 years$3,112$2,121$1,409$918$588$136
35 years$2,990$2,011$1,318$845$533$117
36 years$2,875$1,909$1,233$778$483$100
37 years$2,766$1,813$1,154$717$437$86
38 years$2,664$1,723$1,080$661$396$74
39 years$2,567$1,639$1,012$609$360$64
40 years$2,475$1,559$949$562$326$55
41 years$2,387$1,484$890$518$296$47
42 years$2,304$1,413$835$478$268$40
43 years$2,226$1,347$783$442$244$35
44 years$2,151$1,284$735$408$221$30
45 years$2,079$1,224$690$377$201$26
46 years$2,011$1,168$648$348$182$22
47 years$1,946$1,114$609$321$166$19
48 years$1,884$1,064$572$297$150$16
49 years$1,824$1,016$538$274$137$14
50 years$1,767$970$506$254$124$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,810,000, adding $5,983 every year, while hoping to spend $57,236 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: 48/25/27 Blend
69$1,810,000$1,810,000$1,810,000$1,810,000
70$2,000,791$1,904,861$1,876,806$2,081,168
71$2,143,974$1,937,301$1,878,781$2,170,676
72$2,299,842$1,969,412$1,878,903$2,261,714
73$2,469,630$2,001,117$1,877,051$2,359,462
74$2,654,696$2,032,335$1,873,095$2,464,581
75$2,856,532$2,062,978$1,866,902$2,577,800
76$3,076,785$2,092,950$1,858,329$2,699,926
77$3,317,263$2,122,150$1,847,229$2,831,847
78$3,579,959$2,150,471$1,833,447$2,974,546
79$3,867,067$2,177,796$1,816,819$3,129,108
80$4,181,002$2,204,002$1,797,176$3,296,731
81$4,524,421$2,228,955$1,774,339$3,478,736
82$4,900,254$2,252,516$1,748,121$3,676,583
83$5,311,723$2,274,533$1,718,327$3,891,883
84$5,762,379$2,294,845$1,684,751$4,126,416
85$6,256,132$2,313,282$1,647,180$4,382,143
86$6,797,285$2,329,661$1,605,388$4,661,234
87$7,390,581$2,343,788$1,559,142$4,966,078
88$8,041,243$2,355,456$1,508,196$5,299,318
89$8,755,023$2,364,446$1,452,293$5,663,865
90$9,538,255$2,370,523$1,391,165$6,062,935
91$10,397,919$2,373,441$1,324,531$6,500,077
92$11,341,702$2,372,935$1,252,097$6,979,206
93$12,378,071$2,368,724$1,173,558$7,504,642
94$13,516,354$2,360,512$1,088,593$8,081,153
95$14,766,828$2,347,982$996,866$8,713,996
96$16,140,812$2,330,801$898,029$9,408,977
97$17,650,777$2,308,612$791,715$10,172,495
98$19,310,461$2,281,040$677,543$11,011,614
99$21,135,002$2,247,684$555,114$11,934,124
100$23,141,074$2,208,123$424,012$12,948,619