Can I retire at age 70 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$150,294$148,955$147,649$146,374$145,129$143,793
2 years$74,403$73,017$71,674$70,372$69,109$67,763
3 years$49,109$47,718$46,378$45,088$43,846$42,531
4 years$36,465$35,077$33,751$32,483$31,271$29,998
5 years$28,880$27,501$26,192$24,950$23,772$22,545
6 years$23,825$22,457$21,167$19,953$18,810$17,630
7 years$20,216$18,859$17,590$16,405$15,297$14,165
8 years$17,511$16,166$14,918$13,761$12,691$11,606
9 years$15,407$14,075$12,849$11,722$10,687$9,650
10 years$13,726$12,407$11,202$10,104$9,106$8,115
11 years$12,351$11,045$9,862$8,794$7,832$6,886
12 years$11,206$9,913$8,752$7,713$6,787$5,886
13 years$10,238$8,959$7,820$6,810$5,918$5,062
14 years$9,409$8,143$7,026$6,045$5,188$4,374
15 years$8,691$7,439$6,343$5,391$4,568$3,795
16 years$8,063$6,825$5,751$4,827$4,037$3,305
17 years$7,510$6,286$5,233$4,337$3,579$2,887
18 years$7,019$5,808$4,777$3,908$3,183$2,527
19 years$6,580$5,383$4,373$3,532$2,837$2,218
20 years$6,186$5,002$4,014$3,199$2,534$1,950
21 years$5,829$4,659$3,692$2,903$2,268$1,717
22 years$5,505$4,349$3,403$2,639$2,033$1,514
23 years$5,210$4,068$3,142$2,404$1,825$1,337
24 years$4,940$3,811$2,906$2,192$1,640$1,182
25 years$4,692$3,577$2,691$2,002$1,476$1,046
26 years$4,464$3,362$2,496$1,831$1,329$926
27 years$4,252$3,164$2,318$1,676$1,198$821
28 years$4,056$2,981$2,155$1,535$1,081$728
29 years$3,874$2,812$2,005$1,408$976$646
30 years$3,705$2,656$1,868$1,292$882$573
31 years$3,546$2,511$1,741$1,187$798$509
32 years$3,398$2,376$1,624$1,091$722$452
33 years$3,259$2,250$1,517$1,003$653$402
34 years$3,129$2,132$1,417$923$591$357
35 years$3,006$2,022$1,325$849$535$318
36 years$2,891$1,920$1,239$782$485$283
37 years$2,781$1,823$1,160$721$440$252
38 years$2,678$1,733$1,086$664$399$224
39 years$2,581$1,648$1,018$613$362$199
40 years$2,488$1,568$954$565$328$177
41 years$2,400$1,492$895$521$297$158
42 years$2,317$1,421$839$481$270$141
43 years$2,238$1,354$787$444$245$125
44 years$2,162$1,291$739$410$222$111
45 years$2,091$1,231$694$379$202$99
46 years$2,022$1,174$652$350$183$88
47 years$1,957$1,120$612$323$166$79
48 years$1,894$1,070$575$299$151$70
49 years$1,834$1,021$541$276$137$63
50 years$1,777$976$509$255$125$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,820,000, adding $2,208 every year, while hoping to spend $32,447 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: 44/29/27 Blend
69$1,820,000$1,820,000$1,820,000$1,820,000
70$2,007,918$1,911,458$1,883,248$2,080,439
71$2,178,202$1,970,596$1,911,813$2,191,475
72$2,364,768$2,031,544$1,940,248$2,308,487
73$2,569,241$2,094,357$1,968,514$2,434,705
74$2,793,414$2,159,091$1,996,569$2,571,002
75$3,039,259$2,225,803$2,024,371$2,718,341
76$3,308,949$2,294,553$2,051,873$2,877,781
77$3,604,878$2,365,402$2,079,027$3,050,488
78$3,929,681$2,438,413$2,105,780$3,237,743
79$4,286,264$2,513,650$2,132,078$3,440,961
80$4,677,824$2,591,179$2,157,864$3,661,697
81$5,107,885$2,671,071$2,183,076$3,901,662
82$5,580,330$2,753,394$2,207,649$4,162,742
83$6,099,434$2,838,221$2,231,516$4,447,015
84$6,669,909$2,925,626$2,254,605$4,756,767
85$7,296,946$3,015,688$2,276,840$5,094,517
86$7,986,261$3,108,483$2,298,141$5,463,040
87$8,744,155$3,204,094$2,318,424$5,865,391
88$9,577,567$3,302,603$2,337,600$6,304,937
89$10,494,146$3,404,097$2,355,576$6,785,384
90$11,502,314$3,508,664$2,372,253$7,310,819
91$12,611,356$3,616,394$2,387,529$7,885,740
92$13,831,498$3,727,381$2,401,295$8,515,104
93$15,174,008$3,841,720$2,413,436$9,204,374
94$16,651,303$3,959,510$2,423,832$9,959,565
95$18,277,062$4,080,853$2,432,357$10,787,307
96$20,066,360$4,205,852$2,438,879$11,694,904
97$22,035,805$4,334,615$2,443,257$12,690,402
98$24,203,698$4,467,252$2,445,347$13,782,668
99$26,590,203$4,603,876$2,444,994$14,981,472
100$29,217,541$4,744,602$2,442,038$16,297,577