Can I retire at age 70 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$130,475$129,313$128,179$127,072$125,991$122,548
2 years$64,592$63,389$62,223$61,092$59,996$56,552
3 years$42,633$41,425$40,262$39,142$38,064$34,727
4 years$31,656$30,452$29,301$28,200$27,147$23,944
5 years$25,072$23,875$22,738$21,660$20,637$17,575
6 years$20,684$19,495$18,376$17,322$16,329$13,412
7 years$17,550$16,372$15,271$14,241$13,280$10,507
8 years$15,202$14,034$12,951$11,947$11,017$8,387
9 years$13,376$12,219$11,154$10,176$9,278$6,789
10 years$11,916$10,771$9,725$8,772$7,905$5,554
11 years$10,722$9,588$8,561$7,634$6,799$4,581
12 years$9,728$8,606$7,598$6,696$5,892$3,804
13 years$8,888$7,777$6,788$5,912$5,138$3,175
14 years$8,168$7,069$6,099$5,248$4,504$2,662
15 years$7,545$6,458$5,507$4,680$3,965$2,239
16 years$7,000$5,925$4,993$4,190$3,505$1,889
17 years$6,520$5,457$4,543$3,765$3,107$1,598
18 years$6,093$5,042$4,147$3,393$2,763$1,354
19 years$5,712$4,673$3,797$3,066$2,463$1,149
20 years$5,370$4,343$3,484$2,777$2,200$977
21 years$5,060$4,045$3,205$2,520$1,969$831
22 years$4,779$3,776$2,954$2,291$1,765$708
23 years$4,523$3,531$2,727$2,087$1,584$604
24 years$4,289$3,309$2,522$1,903$1,424$515
25 years$4,073$3,105$2,336$1,738$1,281$440
26 years$3,875$2,918$2,167$1,589$1,154$376
27 years$3,692$2,746$2,012$1,455$1,040$321
28 years$3,521$2,588$1,870$1,333$939$275
29 years$3,363$2,441$1,741$1,222$848$235
30 years$3,216$2,306$1,621$1,122$766$201
31 years$3,079$2,180$1,512$1,030$692$172
32 years$2,950$2,062$1,410$947$626$147
33 years$2,830$1,953$1,317$871$567$126
34 years$2,716$1,851$1,230$801$513$108
35 years$2,610$1,756$1,150$737$465$92
36 years$2,509$1,666$1,076$679$421$79
37 years$2,415$1,583$1,007$626$382$68
38 years$2,325$1,504$943$577$346$58
39 years$2,240$1,430$884$532$314$50
40 years$2,160$1,361$828$491$285$43
41 years$2,084$1,295$777$453$258$36
42 years$2,012$1,234$728$418$234$31
43 years$1,943$1,175$684$386$213$27
44 years$1,877$1,120$642$356$193$23
45 years$1,815$1,068$603$329$175$20
46 years$1,755$1,019$566$304$159$17
47 years$1,699$973$532$281$144$14
48 years$1,644$929$500$259$131$12
49 years$1,592$887$470$240$119$11
50 years$1,543$847$441$221$108$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,580,000, adding $6,859 every year, while hoping to spend $37,439 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: 44/42/14 Blend
69$1,580,000$1,580,000$1,580,000$1,580,000
70$1,748,235$1,664,495$1,640,005$1,817,823
71$1,886,720$1,706,221$1,655,110$1,908,832
72$2,038,076$1,748,736$1,669,467$2,003,118
73$2,203,576$1,792,040$1,683,010$2,104,495
74$2,384,622$1,836,131$1,695,672$2,213,632
75$2,582,757$1,881,005$1,707,381$2,331,265
76$2,799,681$1,926,658$1,718,061$2,458,206
77$3,037,267$1,973,082$1,727,635$2,595,348
78$3,297,575$2,020,269$1,736,017$2,743,675
79$3,582,875$2,068,210$1,743,121$2,904,270
80$3,895,668$2,116,892$1,748,855$3,078,327
81$4,238,706$2,166,300$1,753,122$3,267,162
82$4,615,024$2,216,418$1,755,821$3,472,223
83$5,027,961$2,267,227$1,756,846$3,695,105
84$5,481,197$2,318,706$1,756,084$3,937,568
85$5,978,785$2,370,828$1,753,419$4,201,549
86$6,525,190$2,423,568$1,748,728$4,489,183
87$7,125,331$2,476,894$1,741,881$4,802,823
88$7,784,624$2,530,772$1,732,744$5,145,061
89$8,509,040$2,585,163$1,721,175$5,518,755
90$9,305,153$2,640,027$1,707,026$5,927,053
91$10,180,208$2,695,318$1,690,140$6,373,425
92$11,142,185$2,750,984$1,670,356$6,861,695
93$12,199,877$2,806,972$1,647,502$7,396,078
94$13,362,971$2,863,220$1,621,400$7,981,218
95$14,642,140$2,919,664$1,591,863$8,622,235
96$16,049,143$2,976,232$1,558,694$9,324,772
97$17,596,935$3,032,847$1,521,691$10,095,046
98$19,299,792$3,089,426$1,480,637$10,939,912
99$21,173,442$3,145,879$1,435,309$11,866,924
100$23,235,213$3,202,107$1,385,472$12,884,407