Can I retire at age 70 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$148,642$147,318$146,027$144,766$143,535$141,682
2 years$73,585$72,215$70,887$69,599$68,350$66,486
3 years$48,570$47,193$45,868$44,593$43,364$41,547
4 years$36,064$34,692$33,380$32,127$30,928$29,171
5 years$28,563$27,199$25,905$24,676$23,511$21,820
6 years$23,564$22,210$20,935$19,734$18,603$16,981
7 years$19,994$18,652$17,397$16,224$15,129$13,575
8 years$17,318$15,988$14,754$13,610$12,551$11,065
9 years$15,238$13,921$12,708$11,593$10,570$9,152
10 years$13,575$12,270$11,079$9,993$9,006$7,655
11 years$12,215$10,924$9,754$8,697$7,746$6,459
12 years$11,083$9,804$8,656$7,628$6,712$5,490
13 years$10,125$8,860$7,734$6,735$5,853$4,693
14 years$9,305$8,054$6,949$5,978$5,131$4,032
15 years$8,595$7,357$6,274$5,332$4,518$3,477
16 years$7,975$6,750$5,688$4,774$3,993$3,009
17 years$7,428$6,217$5,176$4,289$3,540$2,612
18 years$6,942$5,744$4,725$3,866$3,148$2,272
19 years$6,508$5,324$4,325$3,493$2,806$1,981
20 years$6,118$4,947$3,970$3,163$2,506$1,730
21 years$5,765$4,608$3,651$2,871$2,243$1,513
22 years$5,445$4,302$3,365$2,610$2,010$1,325
23 years$5,153$4,023$3,107$2,377$1,804$1,162
24 years$4,886$3,769$2,874$2,168$1,622$1,020
25 years$4,641$3,537$2,662$1,980$1,459$896
26 years$4,415$3,325$2,468$1,811$1,315$788
27 years$4,206$3,129$2,292$1,657$1,185$693
28 years$4,012$2,948$2,131$1,518$1,069$611
29 years$3,832$2,781$1,983$1,392$966$538
30 years$3,664$2,627$1,847$1,278$873$474
31 years$3,507$2,483$1,722$1,174$789$418
32 years$3,361$2,350$1,607$1,079$714$368
33 years$3,224$2,225$1,500$992$646$325
34 years$3,095$2,109$1,402$913$585$287
35 years$2,973$2,000$1,310$840$530$253
36 years$2,859$1,898$1,226$774$480$223
37 years$2,751$1,803$1,147$713$435$197
38 years$2,649$1,714$1,074$657$394$174
39 years$2,552$1,629$1,007$606$358$154
40 years$2,461$1,550$944$559$324$136
41 years$2,374$1,476$885$516$294$120
42 years$2,292$1,405$830$476$267$106
43 years$2,213$1,339$779$439$242$94
44 years$2,139$1,276$731$406$220$83
45 years$2,068$1,217$686$375$200$73
46 years$2,000$1,161$645$346$181$65
47 years$1,935$1,108$606$320$165$57
48 years$1,873$1,058$569$295$149$51
49 years$1,814$1,010$535$273$136$45
50 years$1,757$965$503$252$123$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,800,000, adding $2,483 every year, while hoping to spend $55,762 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: 38/48/14 Blend
69$1,800,000$1,800,000$1,800,000$1,800,000
70$1,986,161$1,890,761$1,862,861$2,053,127
71$2,129,419$1,924,078$1,865,937$2,134,483
72$2,285,421$1,957,159$1,867,246$2,216,782
73$2,455,407$1,989,933$1,866,672$2,304,513
74$2,640,743$2,022,324$1,864,090$2,398,194
75$2,842,932$2,054,251$1,859,370$2,498,393
76$3,063,628$2,085,627$1,852,377$2,605,740
77$3,304,654$2,116,358$1,842,967$2,720,930
78$3,568,013$2,146,343$1,830,990$2,844,730
79$3,855,912$2,175,476$1,816,290$2,977,989
80$4,170,782$2,203,641$1,798,703$3,121,641
81$4,515,297$2,230,716$1,778,056$3,276,721
82$4,892,406$2,256,569$1,754,168$3,444,371
83$5,305,350$2,281,059$1,726,852$3,625,850
84$5,757,703$2,304,039$1,695,909$3,822,553
85$6,253,399$2,325,347$1,661,132$4,036,015
86$6,796,771$2,344,814$1,622,305$4,267,935
87$7,392,591$2,362,260$1,579,202$4,520,187
88$8,046,115$2,377,490$1,531,585$4,794,842
89$8,763,132$2,390,300$1,479,206$5,094,184
90$9,550,019$2,400,472$1,421,807$5,420,736
91$10,413,799$2,407,774$1,359,116$5,777,283
92$11,362,209$2,411,958$1,290,849$6,166,902
93$12,403,773$2,412,762$1,216,711$6,592,985
94$13,547,879$2,409,908$1,136,392$7,059,280
95$14,804,870$2,403,101$1,049,568$7,569,922
96$16,186,139$2,392,025$955,901$8,129,477
97$17,704,240$2,376,349$855,038$8,742,982
98$19,373,001$2,355,719$746,611$9,415,997
99$21,207,659$2,329,761$630,234$10,154,657
100$23,224,997$2,298,076$505,504$10,965,736