Can I retire at age 70 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$129,649$128,494$127,368$126,268$125,194$123,630
2 years$64,183$62,987$61,829$60,706$59,616$58,042
3 years$42,363$41,163$40,007$38,895$37,823$36,288
4 years$31,456$30,259$29,115$28,021$26,976$25,492
5 years$24,913$23,724$22,595$21,523$20,506$19,078
6 years$20,553$19,372$18,260$17,212$16,226$14,854
7 years$17,439$16,269$15,174$14,151$13,196$11,882
8 years$15,105$13,945$12,869$11,871$10,947$9,691
9 years$13,291$12,142$11,084$10,111$9,219$8,020
10 years$11,840$10,702$9,663$8,716$7,855$6,712
11 years$10,654$9,528$8,507$7,586$6,756$5,667
12 years$9,667$8,552$7,550$6,654$5,854$4,820
13 years$8,831$7,728$6,745$5,874$5,105$4,123
14 years$8,116$7,025$6,061$5,214$4,475$3,544
15 years$7,497$6,417$5,472$4,650$3,940$3,059
16 years$6,956$5,888$4,961$4,164$3,482$2,649
17 years$6,479$5,422$4,515$3,741$3,088$2,301
18 years$6,055$5,010$4,121$3,372$2,746$2,003
19 years$5,676$4,644$3,773$3,047$2,447$1,747
20 years$5,336$4,315$3,462$2,759$2,186$1,527
21 years$5,028$4,019$3,185$2,504$1,956$1,337
22 years$4,749$3,752$2,935$2,277$1,753$1,172
23 years$4,495$3,509$2,710$2,074$1,574$1,028
24 years$4,262$3,288$2,506$1,891$1,415$904
25 years$4,048$3,085$2,321$1,727$1,273$794
26 years$3,850$2,900$2,153$1,579$1,147$699
27 years$3,668$2,729$1,999$1,446$1,034$616
28 years$3,499$2,572$1,859$1,324$933$542
29 years$3,342$2,426$1,730$1,215$842$478
30 years$3,196$2,291$1,611$1,115$761$422
31 years$3,059$2,166$1,502$1,024$688$372
32 years$2,931$2,049$1,401$941$622$328
33 years$2,812$1,941$1,308$865$563$290
34 years$2,699$1,839$1,223$796$510$256
35 years$2,593$1,745$1,143$733$462$226
36 years$2,494$1,656$1,069$675$419$200
37 years$2,399$1,573$1,001$622$379$177
38 years$2,310$1,495$937$573$344$156
39 years$2,226$1,421$878$528$312$138
40 years$2,146$1,352$823$487$283$122
41 years$2,071$1,287$772$450$257$108
42 years$1,999$1,226$724$415$233$95
43 years$1,930$1,168$679$383$211$84
44 years$1,865$1,113$638$354$192$75
45 years$1,803$1,062$599$327$174$66
46 years$1,744$1,013$562$302$158$58
47 years$1,688$967$528$279$144$52
48 years$1,634$923$496$258$130$46
49 years$1,582$881$467$238$118$40
50 years$1,533$842$439$220$108$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,570,000, adding $2,533 every year, while hoping to spend $31,920 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: 68/25/7 Blend
69$1,570,000$1,570,000$1,570,000$1,570,000
70$1,732,753$1,649,543$1,625,208$1,848,405
71$1,875,531$1,696,408$1,645,690$1,972,240
72$2,031,803$1,744,499$1,665,788$2,103,499
73$2,202,911$1,793,844$1,685,456$2,246,177
74$2,390,333$1,844,468$1,704,644$2,401,384
75$2,595,699$1,896,398$1,723,301$2,570,343
76$2,820,800$1,949,662$1,741,372$2,754,403
77$3,067,613$2,004,287$1,758,800$2,955,046
78$3,338,312$2,060,300$1,775,522$3,173,904
79$3,635,294$2,117,728$1,791,475$3,412,776
80$3,961,196$2,176,599$1,806,592$3,673,642
81$4,318,926$2,236,940$1,820,801$3,958,682
82$4,711,685$2,298,779$1,834,027$4,270,297
83$5,143,002$2,362,144$1,846,191$4,611,132
84$5,616,760$2,427,061$1,857,211$4,984,099
85$6,137,241$2,493,558$1,866,998$5,392,408
86$6,709,159$2,561,662$1,875,462$5,839,592
87$7,337,709$2,631,400$1,882,506$6,329,544
88$8,028,614$2,702,797$1,888,029$6,866,551
89$8,788,179$2,775,880$1,891,925$7,455,339
90$9,623,350$2,850,675$1,894,081$8,101,111
91$10,541,780$2,927,206$1,894,381$8,809,599
92$11,551,901$3,005,498$1,892,701$9,587,121
93$12,663,002$3,085,575$1,888,914$10,440,634
94$13,885,318$3,167,458$1,882,883$11,377,804
95$15,230,128$3,251,171$1,874,466$12,407,079
96$16,709,856$3,336,733$1,863,516$13,537,763
97$18,338,193$3,424,165$1,849,876$14,780,111
98$20,130,225$3,513,485$1,833,383$16,145,420
99$22,102,572$3,604,711$1,813,865$17,646,138
100$24,273,549$3,697,856$1,791,145$19,295,979