Can I retire at age 70 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$133,778$132,586$131,424$130,289$129,181$127,093
2 years$66,227$64,993$63,798$62,639$61,515$59,417
3 years$43,713$42,474$41,282$40,133$39,028$36,985
4 years$32,458$31,223$30,042$28,914$27,835$25,864
5 years$25,707$24,479$23,314$22,209$21,160$19,265
6 years$21,207$19,989$18,841$17,760$16,743$14,928
7 years$17,995$16,787$15,657$14,602$13,616$11,881
8 years$15,586$14,389$13,279$12,249$11,296$9,640
9 years$13,714$12,528$11,437$10,434$9,513$7,935
10 years$12,217$11,043$9,971$8,994$8,106$6,605
11 years$10,994$9,831$8,778$7,827$6,971$5,546
12 years$9,974$8,824$7,790$6,866$6,041$4,689
13 years$9,113$7,974$6,960$6,061$5,268$3,988
14 years$8,375$7,248$6,254$5,381$4,618$3,407
15 years$7,736$6,622$5,646$4,798$4,066$2,923
16 years$7,177$6,075$5,119$4,297$3,593$2,515
17 years$6,685$5,595$4,658$3,860$3,186$2,171
18 years$6,248$5,170$4,252$3,479$2,833$1,877
19 years$5,857$4,791$3,893$3,144$2,525$1,627
20 years$5,506$4,452$3,573$2,847$2,255$1,413
21 years$5,189$4,147$3,286$2,584$2,018$1,228
22 years$4,900$3,871$3,029$2,349$1,809$1,069
23 years$4,638$3,621$2,797$2,140$1,624$932
24 years$4,397$3,392$2,586$1,951$1,460$813
25 years$4,177$3,184$2,395$1,782$1,314$710
26 years$3,973$2,992$2,222$1,630$1,183$620
27 years$3,785$2,816$2,063$1,492$1,067$542
28 years$3,611$2,653$1,918$1,367$963$474
29 years$3,449$2,503$1,785$1,253$869$415
30 years$3,298$2,364$1,662$1,150$785$363
31 years$3,157$2,235$1,550$1,056$710$318
32 years$3,025$2,115$1,446$971$642$279
33 years$2,901$2,003$1,350$893$581$244
34 years$2,785$1,898$1,261$821$526$214
35 years$2,676$1,800$1,179$756$477$188
36 years$2,573$1,709$1,103$696$432$165
37 years$2,476$1,623$1,033$642$391$144
38 years$2,384$1,542$967$591$355$127
39 years$2,297$1,467$906$545$322$111
40 years$2,215$1,395$849$503$292$97
41 years$2,137$1,328$796$464$265$85
42 years$2,062$1,265$747$428$240$75
43 years$1,992$1,205$701$395$218$66
44 years$1,925$1,149$658$365$198$58
45 years$1,861$1,095$618$337$180$51
46 years$1,800$1,045$580$311$163$44
47 years$1,742$997$545$288$148$39
48 years$1,686$952$512$266$135$34
49 years$1,633$909$481$246$122$30
50 years$1,582$868$453$227$111$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,620,000, adding $5,651 every year, while hoping to spend $31,397 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: 50/31/19 Blend
69$1,620,000$1,620,000$1,620,000$1,620,000
70$1,791,069$1,705,209$1,680,099$1,870,886
71$1,940,352$1,755,358$1,702,976$1,976,787
72$2,103,809$1,806,912$1,725,567$2,088,130
73$2,282,854$1,859,907$1,747,830$2,208,467
74$2,479,042$1,914,379$1,769,719$2,338,660
75$2,694,085$1,970,365$1,791,186$2,479,654
76$2,929,872$2,027,903$1,812,181$2,632,493
77$3,188,481$2,087,032$1,832,650$2,798,323
78$3,472,200$2,147,790$1,852,538$2,978,407
79$3,783,551$2,210,219$1,871,785$3,174,137
80$4,125,311$2,274,357$1,890,327$3,387,043
81$4,500,539$2,340,248$1,908,100$3,618,811
82$4,912,606$2,407,932$1,925,033$3,871,300
83$5,365,224$2,477,452$1,941,054$4,146,553
84$5,862,482$2,548,852$1,956,084$4,446,822
85$6,408,885$2,622,176$1,970,043$4,774,590
86$7,009,397$2,697,468$1,982,845$5,132,588
87$7,669,485$2,774,774$1,994,401$5,523,827
88$8,395,174$2,854,140$2,004,615$5,951,622
89$9,193,101$2,935,612$2,013,388$6,419,625
90$10,070,577$3,019,237$2,020,616$6,931,861
91$11,035,659$3,105,062$2,026,190$7,492,763
92$12,097,222$3,193,136$2,029,994$8,107,214
93$13,265,047$3,283,508$2,031,906$8,780,595
94$14,549,908$3,376,226$2,031,801$9,518,835
95$15,963,677$3,471,339$2,029,545$10,328,464
96$17,519,435$3,568,898$2,024,998$11,216,680
97$19,231,596$3,668,953$2,018,014$12,191,412
98$21,116,040$3,771,553$2,008,439$13,261,396
99$23,190,267$3,876,749$1,996,112$14,436,260
100$25,473,557$3,984,593$1,980,865$15,726,610