Can I retire at age 70 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$141,210$139,952$138,725$137,527$136,358$135,669
2 years$69,906$68,604$67,342$66,119$64,932$64,237
3 years$46,141$44,834$43,575$42,363$41,196$40,516
4 years$34,261$32,957$31,711$30,520$29,381$28,722
5 years$27,135$25,839$24,609$23,442$22,335$21,698
6 years$22,385$21,099$19,888$18,747$17,673$17,059
7 years$18,994$17,719$16,527$15,413$14,373$13,782
8 years$16,452$15,189$14,016$12,930$11,924$11,357
9 years$14,476$13,225$12,072$11,013$10,041$9,498
10 years$12,896$11,657$10,525$9,493$8,556$8,035
11 years$11,604$10,377$9,266$8,262$7,358$6,861
12 years$10,529$9,314$8,223$7,247$6,377$5,901
13 years$9,619$8,417$7,347$6,398$5,560$5,107
14 years$8,840$7,651$6,601$5,679$4,874$4,442
15 years$8,166$6,989$5,960$5,065$4,292$3,881
16 years$7,576$6,413$5,404$4,535$3,793$3,402
17 years$7,056$5,906$4,917$4,075$3,363$2,992
18 years$6,595$5,457$4,489$3,672$2,990$2,638
19 years$6,182$5,058$4,109$3,318$2,665$2,332
20 years$5,812$4,700$3,771$3,005$2,381$2,065
21 years$5,477$4,378$3,469$2,727$2,131$1,832
22 years$5,173$4,086$3,197$2,480$1,910$1,628
23 years$4,895$3,822$2,952$2,258$1,714$1,448
24 years$4,642$3,581$2,730$2,060$1,541$1,290
25 years$4,409$3,361$2,529$1,881$1,386$1,150
26 years$4,194$3,158$2,345$1,720$1,249$1,027
27 years$3,995$2,972$2,178$1,574$1,126$917
28 years$3,811$2,801$2,024$1,443$1,016$820
29 years$3,640$2,642$1,884$1,323$917$733
30 years$3,481$2,495$1,755$1,214$829$656
31 years$3,332$2,359$1,636$1,115$749$587
32 years$3,193$2,232$1,526$1,025$678$526
33 years$3,062$2,114$1,425$942$614$472
34 years$2,940$2,003$1,332$867$555$423
35 years$2,825$1,900$1,245$798$503$379
36 years$2,716$1,804$1,165$735$456$340
37 years$2,613$1,713$1,090$677$413$305
38 years$2,516$1,628$1,021$624$375$274
39 years$2,425$1,548$956$576$340$246
40 years$2,338$1,473$896$531$308$221
41 years$2,255$1,402$841$490$280$198
42 years$2,177$1,335$788$452$254$178
43 years$2,103$1,272$740$417$230$160
44 years$2,032$1,213$694$385$209$144
45 years$1,964$1,156$652$356$190$129
46 years$1,900$1,103$612$329$172$116
47 years$1,838$1,053$575$304$156$104
48 years$1,780$1,005$541$281$142$94
49 years$1,723$960$508$259$129$84
50 years$1,670$917$478$240$117$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,710,000, adding $2,112 every year, while hoping to spend $44,732 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: 60/14/26 Blend
69$1,710,000$1,710,000$1,710,000$1,710,000
70$1,886,599$1,795,969$1,769,464$1,986,480
71$2,031,437$1,836,376$1,781,146$2,095,142
72$2,189,550$1,877,265$1,791,721$2,208,648
73$2,362,244$1,918,611$1,801,103$2,331,545
74$2,550,957$1,960,388$1,809,205$2,464,757
75$2,757,274$2,002,566$1,815,932$2,609,302
76$2,982,938$2,045,114$1,821,188$2,766,302
77$3,229,869$2,087,995$1,824,869$2,936,994
78$3,500,181$2,131,173$1,826,868$3,122,741
79$3,796,203$2,174,603$1,827,071$3,325,046
80$4,120,496$2,218,240$1,825,359$3,545,565
81$4,475,886$2,262,033$1,821,608$3,786,125
82$4,865,482$2,305,927$1,815,686$4,048,738
83$5,292,707$2,349,864$1,807,458$4,335,622
84$5,761,334$2,393,778$1,796,779$4,649,225
85$6,275,518$2,437,601$1,783,498$4,992,243
86$6,839,833$2,481,256$1,767,458$5,367,647
87$7,459,322$2,524,663$1,748,494$5,778,715
88$8,139,536$2,567,735$1,726,432$6,229,059
89$8,886,592$2,610,377$1,701,090$6,722,660
90$9,707,227$2,652,488$1,672,280$7,263,908
91$10,608,865$2,693,961$1,639,801$7,857,641
92$11,599,681$2,734,677$1,603,447$8,509,194
93$12,688,686$2,774,514$1,563,000$9,224,447
94$13,885,803$2,813,336$1,518,231$10,009,880
95$15,201,966$2,851,001$1,468,903$10,872,638
96$16,649,222$2,887,355$1,414,767$11,820,598
97$18,240,843$2,922,235$1,355,562$12,862,442
98$19,991,451$2,955,467$1,291,015$14,007,738
99$21,917,158$2,986,864$1,220,843$15,267,036
100$24,035,713$3,016,226$1,144,747$16,651,963