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%14.4%
1 years$149,468$148,137$146,838$145,570$144,332$141,708
2 years$73,994$72,616$71,280$69,986$68,729$66,095
3 years$48,839$47,455$46,123$44,840$43,605$41,042
4 years$36,265$34,885$33,566$32,305$31,099$28,628
5 years$28,722$27,350$26,048$24,813$23,641$21,269
6 years$23,695$22,333$21,051$19,843$18,706$16,435
7 years$20,105$18,756$17,494$16,314$15,213$13,044
8 years$17,414$16,077$14,836$13,686$12,621$10,553
9 years$15,323$13,998$12,778$11,657$10,629$8,661
10 years$13,650$12,338$11,140$10,049$9,056$7,187
11 years$12,283$10,984$9,808$8,745$7,789$6,015
12 years$11,144$9,859$8,704$7,671$6,749$5,070
13 years$10,182$8,909$7,777$6,772$5,886$4,298
14 years$9,357$8,098$6,987$6,012$5,159$3,660
15 years$8,643$7,398$6,309$5,361$4,543$3,128
16 years$8,019$6,788$5,720$4,800$4,015$2,683
17 years$7,469$6,251$5,205$4,313$3,560$2,307
18 years$6,980$5,776$4,751$3,887$3,165$1,988
19 years$6,544$5,353$4,349$3,512$2,821$1,717
20 years$6,152$4,975$3,992$3,181$2,520$1,485
21 years$5,797$4,634$3,672$2,887$2,255$1,286
22 years$5,475$4,325$3,384$2,625$2,021$1,116
23 years$5,182$4,045$3,124$2,391$1,815$968
24 years$4,913$3,790$2,890$2,180$1,631$842
25 years$4,666$3,557$2,676$1,991$1,468$732
26 years$4,439$3,343$2,482$1,821$1,322$637
27 years$4,229$3,146$2,305$1,666$1,192$554
28 years$4,034$2,965$2,143$1,527$1,075$483
29 years$3,853$2,797$1,994$1,400$971$421
30 years$3,684$2,641$1,857$1,285$877$367
31 years$3,527$2,497$1,732$1,180$793$320
32 years$3,380$2,363$1,616$1,085$718$279
33 years$3,241$2,237$1,508$997$649$244
34 years$3,112$2,121$1,409$918$588$213
35 years$2,990$2,011$1,318$845$533$186
36 years$2,875$1,909$1,233$778$483$162
37 years$2,766$1,813$1,154$717$437$142
38 years$2,664$1,723$1,080$661$396$124
39 years$2,567$1,639$1,012$609$360$108
40 years$2,475$1,559$949$562$326$94
41 years$2,387$1,484$890$518$296$82
42 years$2,304$1,413$835$478$268$72
43 years$2,226$1,347$783$442$244$63
44 years$2,151$1,284$735$408$221$55
45 years$2,079$1,224$690$377$201$48
46 years$2,011$1,168$648$348$182$42
47 years$1,946$1,114$609$321$166$37
48 years$1,884$1,064$572$297$150$32
49 years$1,824$1,016$538$274$137$28
50 years$1,767$970$506$254$124$24

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 $6,469 every year, while hoping to spend $20,137 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: 62/17/21 Blend
69$1,810,000$1,810,000$1,810,000$1,810,000
70$2,001,293$1,905,363$1,877,308$2,114,064
71$2,183,999$1,977,300$1,918,772$2,262,932
72$2,384,666$2,052,087$1,960,950$2,422,580
73$2,605,106$2,129,843$2,003,845$2,596,424
74$2,847,312$2,210,690$2,047,460$2,785,848
75$3,113,482$2,294,759$2,091,794$2,992,379
76$3,406,038$2,382,182$2,136,849$3,217,693
77$3,727,646$2,473,101$2,182,626$3,463,640
78$4,081,245$2,567,663$2,229,124$3,732,252
79$4,470,073$2,666,019$2,276,340$4,025,768
80$4,897,696$2,768,330$2,324,273$4,346,653
81$5,368,045$2,874,762$2,372,920$4,697,623
82$5,885,449$2,985,488$2,422,276$5,081,664
83$6,454,679$3,100,691$2,472,337$5,502,068
84$7,080,991$3,220,560$2,523,095$5,962,459
85$7,770,177$3,345,292$2,574,543$6,466,827
86$8,528,618$3,475,095$2,626,673$7,019,568
87$9,363,345$3,610,183$2,679,475$7,625,522
88$10,282,106$3,750,781$2,732,937$8,290,019
89$11,293,437$3,897,126$2,787,047$9,018,932
90$12,406,744$4,049,462$2,841,790$9,818,728
91$13,632,392$4,208,045$2,897,150$10,696,531
92$14,981,801$4,373,145$2,953,110$11,660,187
93$16,467,556$4,545,040$3,009,650$12,718,341
94$18,103,522$4,724,022$3,066,748$13,880,514
95$19,904,979$4,910,397$3,124,382$15,157,195
96$21,888,764$5,104,484$3,182,527$16,559,939
97$24,073,430$5,306,616$3,241,153$18,101,475
98$26,479,420$5,517,140$3,300,232$19,795,828
99$29,129,262$5,736,421$3,359,731$21,658,446
100$32,047,780$5,964,838$3,419,615$23,706,351