Can I retire at age 70 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$134,604$133,405$132,235$131,093$129,978$128,997
2 years$66,636$65,395$64,192$63,026$61,895$60,905
3 years$43,982$42,736$41,536$40,381$39,268$38,302
4 years$32,658$31,416$30,228$29,092$28,007$27,070
5 years$25,865$24,630$23,458$22,346$21,290$20,386
6 years$21,338$20,112$18,958$17,870$16,846$15,976
7 years$18,106$16,890$15,754$14,692$13,700$12,865
8 years$15,683$14,478$13,361$12,325$11,366$10,565
9 years$13,799$12,606$11,507$10,498$9,572$8,805
10 years$12,293$11,111$10,032$9,049$8,156$7,422
11 years$11,061$9,892$8,832$7,876$7,014$6,314
12 years$10,036$8,878$7,839$6,908$6,078$5,411
13 years$9,169$8,023$7,003$6,099$5,300$4,665
14 years$8,426$7,293$6,292$5,414$4,646$4,041
15 years$7,784$6,662$5,681$4,828$4,091$3,516
16 years$7,222$6,113$5,151$4,323$3,616$3,070
17 years$6,726$5,629$4,687$3,884$3,206$2,689
18 years$6,286$5,202$4,279$3,500$2,850$2,361
19 years$5,893$4,821$3,917$3,163$2,541$2,078
20 years$5,540$4,480$3,595$2,865$2,269$1,832
21 years$5,221$4,173$3,306$2,600$2,031$1,618
22 years$4,931$3,895$3,047$2,364$1,820$1,431
23 years$4,666$3,643$2,814$2,153$1,634$1,268
24 years$4,425$3,413$2,602$1,964$1,469$1,124
25 years$4,202$3,203$2,410$1,793$1,322$998
26 years$3,998$3,011$2,235$1,640$1,190$886
27 years$3,808$2,833$2,076$1,501$1,073$788
28 years$3,633$2,670$1,930$1,375$968$701
29 years$3,470$2,519$1,796$1,261$875$624
30 years$3,318$2,379$1,673$1,157$790$556
31 years$3,176$2,249$1,559$1,063$714$495
32 years$3,043$2,128$1,455$977$646$441
33 years$2,919$2,015$1,358$898$585$394
34 years$2,802$1,910$1,269$826$529$351
35 years$2,692$1,811$1,187$761$480$313
36 years$2,589$1,719$1,110$701$435$280
37 years$2,491$1,633$1,039$646$394$250
38 years$2,399$1,552$973$595$357$223
39 years$2,311$1,476$912$549$324$199
40 years$2,228$1,404$854$506$294$178
41 years$2,150$1,336$801$467$266$159
42 years$2,075$1,273$752$431$242$142
43 years$2,004$1,213$705$398$219$127
44 years$1,937$1,156$662$367$199$113
45 years$1,872$1,102$622$339$181$101
46 years$1,811$1,052$584$313$164$91
47 years$1,752$1,003$548$289$149$81
48 years$1,696$958$515$267$135$72
49 years$1,643$915$484$247$123$65
50 years$1,591$874$455$228$112$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,630,000, adding $2,779 every year, while hoping to spend $34,180 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: 83/11/6 Blend
69$1,630,000$1,630,000$1,630,000$1,630,000
70$1,799,127$1,712,737$1,687,472$1,947,598
71$1,946,270$1,760,293$1,707,635$2,092,534
72$2,107,277$1,809,035$1,727,328$2,246,751
73$2,283,525$1,858,983$1,746,499$2,415,019
74$2,476,531$1,910,160$1,765,093$2,598,725
75$2,687,966$1,962,587$1,783,053$2,799,396
76$2,919,671$2,016,286$1,800,318$3,018,713
77$3,173,673$2,071,279$1,816,823$3,258,530
78$3,452,202$2,127,587$1,832,502$3,520,887
79$3,757,718$2,185,230$1,847,282$3,808,029
80$4,092,929$2,244,230$1,861,089$4,122,432
81$4,460,817$2,304,606$1,873,845$4,466,822
82$4,864,667$2,366,379$1,885,465$4,844,200
83$5,308,099$2,429,567$1,895,864$5,257,873
84$5,795,098$2,494,189$1,904,949$5,711,485
85$6,330,057$2,560,263$1,912,624$6,209,049
86$6,917,814$2,627,807$1,918,787$6,754,985
87$7,563,697$2,696,836$1,923,333$7,354,164
88$8,273,579$2,767,366$1,926,150$8,011,951
89$9,053,928$2,839,411$1,927,120$8,734,257
90$9,911,871$2,912,984$1,926,120$9,527,595
91$10,855,259$2,988,097$1,923,022$10,399,139
92$11,892,742$3,064,760$1,917,690$11,356,795
93$13,033,851$3,142,983$1,909,982$12,409,273
94$14,289,087$3,222,772$1,899,750$13,566,168
95$15,670,019$3,304,134$1,886,837$14,838,054
96$17,189,395$3,387,070$1,871,079$16,236,581
97$18,861,260$3,471,583$1,852,307$17,774,586
98$20,701,089$3,557,671$1,830,340$19,466,211
99$22,725,934$3,645,331$1,804,990$21,327,043
100$24,954,583$3,734,556$1,776,061$23,374,252