Can I retire at age 70 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$126,346$125,221$124,123$123,051$122,004$118,431
2 years$62,548$61,383$60,254$59,159$58,097$54,526
3 years$41,284$40,114$38,988$37,904$36,859$33,402
4 years$30,655$29,488$28,373$27,308$26,288$22,972
5 years$24,278$23,119$22,019$20,975$19,984$16,817
6 years$20,029$18,878$17,795$16,774$15,813$12,799
7 years$16,995$15,854$14,787$13,791$12,860$9,998
8 years$14,721$13,590$12,541$11,569$10,669$7,958
9 years$12,952$11,832$10,801$9,854$8,984$6,422
10 years$11,539$10,430$9,417$8,494$7,655$5,237
11 years$10,383$9,285$8,291$7,392$6,584$4,306
12 years$9,420$8,334$7,358$6,484$5,705$3,564
13 years$8,606$7,531$6,574$5,725$4,975$2,964
14 years$7,910$6,846$5,906$5,082$4,361$2,476
15 years$7,306$6,254$5,333$4,532$3,840$2,076
16 years$6,778$5,738$4,835$4,058$3,394$1,745
17 years$6,313$5,284$4,399$3,646$3,009$1,471
18 years$5,901$4,883$4,016$3,286$2,676$1,242
19 years$5,532$4,525$3,677$2,969$2,385$1,050
20 years$5,200$4,205$3,374$2,689$2,130$889
21 years$4,900$3,917$3,104$2,440$1,906$754
22 years$4,628$3,656$2,860$2,219$1,709$640
23 years$4,380$3,420$2,641$2,021$1,534$543
24 years$4,153$3,204$2,443$1,843$1,379$462
25 years$3,945$3,007$2,262$1,683$1,241$393
26 years$3,752$2,826$2,098$1,539$1,117$334
27 years$3,575$2,660$1,948$1,409$1,007$284
28 years$3,410$2,506$1,811$1,291$909$242
29 years$3,257$2,364$1,686$1,184$821$206
30 years$3,114$2,233$1,570$1,086$742$176
31 years$2,981$2,111$1,464$998$671$150
32 years$2,857$1,997$1,366$917$607$128
33 years$2,740$1,891$1,275$843$549$109
34 years$2,630$1,793$1,191$776$497$93
35 years$2,527$1,700$1,114$714$450$79
36 years$2,430$1,614$1,042$658$408$67
37 years$2,338$1,533$975$606$370$58
38 years$2,252$1,457$913$559$335$49
39 years$2,170$1,385$856$515$304$42
40 years$2,092$1,318$802$475$276$36
41 years$2,018$1,254$752$438$250$30
42 years$1,948$1,195$705$404$227$26
43 years$1,881$1,138$662$373$206$22
44 years$1,818$1,085$621$345$187$19
45 years$1,757$1,035$583$318$170$16
46 years$1,700$987$548$294$154$14
47 years$1,645$942$515$272$140$12
48 years$1,592$899$484$251$127$10
49 years$1,542$859$455$232$115$9
50 years$1,494$820$428$214$105$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,530,000, adding $4,079 every year, while hoping to spend $56,739 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: 33/42/25 Blend
69$1,530,000$1,530,000$1,530,000$1,530,000
70$1,690,267$1,609,177$1,585,462$1,733,035
71$1,802,305$1,627,657$1,578,206$1,784,088
72$1,923,869$1,645,141$1,568,804$1,833,689
73$2,055,870$1,661,520$1,557,126$1,886,014
74$2,199,312$1,676,678$1,543,033$1,941,343
75$2,355,299$1,690,492$1,526,381$1,999,983
76$2,525,043$1,702,829$1,507,019$2,062,280
77$2,709,880$1,713,551$1,484,787$2,128,617
78$2,911,281$1,722,508$1,459,520$2,199,419
79$3,130,861$1,729,540$1,431,044$2,275,160
80$3,370,401$1,734,480$1,399,176$2,356,367
81$3,631,861$1,737,149$1,363,727$2,443,623
82$3,917,396$1,737,354$1,324,498$2,537,578
83$4,229,382$1,734,895$1,281,279$2,638,952
84$4,570,430$1,729,557$1,233,853$2,748,545
85$4,943,420$1,721,111$1,181,993$2,867,244
86$5,351,519$1,709,316$1,125,460$2,996,033
87$5,798,216$1,693,914$1,064,005$3,136,005
88$6,287,352$1,674,634$997,368$3,288,368
89$6,823,159$1,651,188$925,276$3,454,465
90$7,410,294$1,623,269$847,446$3,635,781
91$8,053,889$1,590,555$763,581$3,833,963
92$8,759,595$1,552,701$673,370$4,050,836
93$9,533,636$1,509,345$576,490$4,288,418
94$10,382,866$1,460,103$472,601$4,548,948
95$11,314,837$1,404,567$361,352$4,834,899
96$12,337,866$1,342,306$242,373$5,149,013
97$13,461,115$1,272,865$115,279$5,494,320
98$14,694,676$1,195,763$0$5,874,175
99$16,049,666$1,110,489$0$6,297,718
100$17,538,334$1,016,505$0$6,796,792