Can I retire at age 70 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$119,740$118,673$117,632$116,617$115,625$113,944
2 years$59,277$58,173$57,103$56,066$55,060$53,370
3 years$39,125$38,017$36,950$35,922$34,932$33,286
4 years$29,052$27,946$26,890$25,880$24,914$23,324
5 years$23,009$21,910$20,868$19,878$18,939$17,410
6 years$18,982$17,891$16,864$15,897$14,986$13,519
7 years$16,106$15,025$14,014$13,070$12,188$10,784
8 years$13,951$12,879$11,885$10,964$10,111$8,770
9 years$12,275$11,214$10,237$9,339$8,515$7,236
10 years$10,935$9,884$8,925$8,050$7,255$6,038
11 years$9,840$8,799$7,857$7,006$6,239$5,082
12 years$8,928$7,898$6,973$6,145$5,407$4,308
13 years$8,156$7,137$6,230$5,425$4,715$3,674
14 years$7,496$6,488$5,598$4,816$4,133$3,147
15 years$6,924$5,927$5,054$4,295$3,639$2,707
16 years$6,424$5,438$4,582$3,846$3,216$2,336
17 years$5,983$5,008$4,169$3,455$2,852$2,022
18 years$5,592$4,627$3,806$3,114$2,536$1,754
19 years$5,242$4,289$3,484$2,814$2,260$1,525
20 years$4,928$3,985$3,198$2,548$2,019$1,328
21 years$4,644$3,712$2,941$2,313$1,807$1,158
22 years$4,386$3,465$2,711$2,103$1,619$1,011
23 years$4,151$3,241$2,503$1,915$1,454$884
24 years$3,936$3,036$2,315$1,747$1,307$773
25 years$3,738$2,850$2,144$1,595$1,176$677
26 years$3,556$2,678$1,989$1,459$1,059$594
27 years$3,388$2,520$1,846$1,335$955$521
28 years$3,232$2,375$1,717$1,223$862$457
29 years$3,087$2,241$1,597$1,122$778$401
30 years$2,952$2,116$1,488$1,029$703$352
31 years$2,825$2,000$1,387$945$635$310
32 years$2,707$1,893$1,294$869$575$272
33 years$2,597$1,792$1,208$799$520$239
34 years$2,493$1,699$1,129$735$471$210
35 years$2,395$1,611$1,056$677$427$185
36 years$2,303$1,529$988$623$387$163
37 years$2,216$1,453$924$574$350$143
38 years$2,134$1,380$866$529$318$126
39 years$2,056$1,313$811$488$288$111
40 years$1,982$1,249$760$450$261$98
41 years$1,912$1,189$713$415$237$86
42 years$1,846$1,132$669$383$215$76
43 years$1,783$1,079$627$354$195$67
44 years$1,723$1,028$589$327$177$59
45 years$1,666$981$553$302$161$52
46 years$1,611$935$519$279$146$46
47 years$1,559$893$488$257$133$40
48 years$1,509$852$458$238$120$35
49 years$1,461$814$431$220$109$31
50 years$1,416$777$405$203$99$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,450,000, adding $2,292 every year, while hoping to spend $32,120 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: 42/28/30 Blend
69$1,450,000$1,450,000$1,450,000$1,450,000
70$1,600,264$1,523,414$1,500,939$1,653,332
71$1,729,316$1,563,886$1,517,045$1,732,377
72$1,870,454$1,605,265$1,532,614$1,814,754
73$2,024,878$1,647,560$1,547,594$1,903,370
74$2,193,908$1,690,783$1,561,931$1,998,820
75$2,378,997$1,734,942$1,575,566$2,101,763
76$2,581,747$1,780,046$1,588,440$2,212,925
77$2,803,920$1,826,103$1,600,488$2,333,102
78$3,047,458$1,873,120$1,611,642$2,463,176
79$3,314,499$1,921,104$1,621,833$2,604,116
80$3,607,399$1,970,059$1,630,985$2,756,990
81$3,928,751$2,019,990$1,639,021$2,922,977
82$4,281,414$2,070,899$1,645,858$3,103,374
83$4,668,533$2,122,789$1,651,410$3,299,612
84$5,093,578$2,175,659$1,655,586$3,513,267
85$5,560,365$2,229,509$1,658,290$3,746,078
86$6,073,103$2,284,335$1,659,424$3,999,959
87$6,636,426$2,340,134$1,658,881$4,277,023
88$7,255,440$2,396,899$1,656,552$4,579,596
89$7,935,769$2,454,622$1,652,321$4,910,243
90$8,683,611$2,513,291$1,646,067$5,271,793
91$9,505,792$2,572,895$1,637,663$5,667,362
92$10,409,833$2,633,418$1,626,975$6,100,384
93$11,404,022$2,694,841$1,613,865$6,574,649
94$12,497,488$2,757,145$1,598,185$7,094,329
95$13,700,291$2,820,304$1,579,783$7,664,026
96$15,023,514$2,884,292$1,558,499$8,288,813
97$16,479,368$2,949,077$1,534,164$8,974,280
98$18,081,308$3,014,627$1,506,603$9,726,590
99$19,844,158$3,080,900$1,475,632$10,552,537
100$21,784,254$3,147,856$1,441,057$11,459,608