Can I retire at age 70 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$146,165$144,863$143,593$142,353$141,142$137,898
2 years$72,359$71,011$69,705$68,439$67,211$63,960
3 years$47,760$46,407$45,104$43,849$42,641$39,486
4 years$35,463$34,114$32,824$31,591$30,412$27,376
5 years$28,087$26,746$25,473$24,265$23,119$20,211
6 years$23,171$21,840$20,586$19,405$18,293$15,516
7 years$19,661$18,341$17,107$15,954$14,877$12,232
8 years$17,030$15,722$14,508$13,383$12,342$9,827
9 years$14,984$13,689$12,496$11,400$10,394$8,007
10 years$13,349$12,066$10,894$9,827$8,856$6,595
11 years$12,012$10,741$9,591$8,552$7,616$5,479
12 years$10,898$9,641$8,512$7,501$6,600$4,582
13 years$9,957$8,713$7,605$6,623$5,756$3,853
14 years$9,150$7,920$6,833$5,879$5,045$3,254
15 years$8,452$7,235$6,169$5,243$4,442$2,759
16 years$7,842$6,638$5,593$4,694$3,926$2,346
17 years$7,304$6,113$5,090$4,218$3,481$2,000
18 years$6,826$5,649$4,646$3,801$3,095$1,709
19 years$6,399$5,235$4,253$3,435$2,759$1,462
20 years$6,016$4,865$3,904$3,111$2,464$1,253
21 years$5,669$4,531$3,590$2,823$2,205$1,076
22 years$5,354$4,230$3,309$2,567$1,977$924
23 years$5,067$3,956$3,055$2,338$1,774$795
24 years$4,805$3,707$2,826$2,132$1,595$684
25 years$4,563$3,478$2,617$1,947$1,435$589
26 years$4,341$3,269$2,427$1,780$1,293$508
27 years$4,135$3,077$2,254$1,630$1,166$438
28 years$3,945$2,899$2,095$1,493$1,052$378
29 years$3,768$2,735$1,950$1,369$950$326
30 years$3,603$2,583$1,816$1,257$858$282
31 years$3,449$2,442$1,693$1,154$776$243
32 years$3,305$2,310$1,580$1,061$702$210
33 years$3,170$2,188$1,475$975$635$181
34 years$3,043$2,074$1,378$897$575$157
35 years$2,924$1,967$1,289$826$521$135
36 years$2,811$1,867$1,205$761$472$117
37 years$2,705$1,773$1,128$701$428$101
38 years$2,605$1,685$1,057$646$388$88
39 years$2,510$1,602$990$596$352$76
40 years$2,420$1,524$928$550$319$65
41 years$2,335$1,451$870$507$289$57
42 years$2,253$1,382$816$468$263$49
43 years$2,176$1,317$766$432$238$42
44 years$2,103$1,255$719$399$216$37
45 years$2,033$1,197$675$368$196$32
46 years$1,966$1,142$634$340$178$27
47 years$1,903$1,090$596$314$162$24
48 years$1,842$1,040$560$290$147$20
49 years$1,784$993$526$268$134$18
50 years$1,728$949$495$248$121$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,770,000, adding $3,128 every year, while hoping to spend $42,663 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: 74/15/11 Blend
69$1,770,000$1,770,000$1,770,000$1,770,000
70$1,953,767$1,859,957$1,832,522$2,093,973
71$2,107,658$1,905,701$1,848,518$2,232,691
72$2,275,816$1,952,258$1,863,620$2,378,987
73$2,459,651$1,999,620$1,877,754$2,538,087
74$2,660,716$2,047,783$1,890,839$2,711,250
75$2,880,721$2,096,735$1,902,794$2,899,856
76$3,121,547$2,146,468$1,913,530$3,105,431
77$3,385,267$2,196,968$1,922,956$3,329,652
78$3,674,165$2,248,220$1,930,976$3,574,368
79$3,990,754$2,300,207$1,937,487$3,841,614
80$4,337,803$2,352,908$1,942,385$4,133,633
81$4,718,360$2,406,302$1,945,556$4,452,895
82$5,135,784$2,460,362$1,946,883$4,802,122
83$5,593,774$2,515,060$1,946,244$5,184,312
84$6,096,404$2,570,364$1,943,509$5,602,768
85$6,648,163$2,626,237$1,938,542$6,061,128
86$7,253,994$2,682,641$1,931,201$6,563,403
87$7,919,343$2,739,532$1,921,338$7,114,009
88$8,650,209$2,796,862$1,908,796$7,717,814
89$9,453,200$2,854,578$1,893,411$8,380,179
90$10,335,598$2,912,624$1,875,011$9,107,015
91$11,305,423$2,970,936$1,853,418$9,904,831
92$12,371,511$3,029,447$1,828,442$10,780,802
93$13,543,598$3,088,082$1,799,888$11,742,833
94$14,832,408$3,146,762$1,767,547$12,799,633
95$16,249,759$3,205,399$1,731,206$13,960,802
96$17,808,670$3,263,899$1,690,637$15,236,916
97$19,523,485$3,322,160$1,645,604$16,639,630
98$21,410,009$3,380,074$1,595,859$18,181,787
99$23,485,654$3,437,523$1,541,145$19,877,539
100$25,769,608$3,494,378$1,481,191$21,742,483