Can I retire at age 70 with 1,870,000?

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 $1,870,000?

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$154,423$153,047$151,705$150,395$149,116$147,991
2 years$76,447$75,023$73,643$72,306$71,008$69,873
3 years$50,458$49,028$47,652$46,327$45,050$43,941
4 years$37,467$36,041$34,679$33,376$32,130$31,056
5 years$29,674$28,257$26,912$25,636$24,425$23,388
6 years$24,480$23,074$21,749$20,501$19,327$18,329
7 years$20,772$19,377$18,073$16,855$15,718$14,759
8 years$17,992$16,610$15,328$14,139$13,039$12,120
9 years$15,831$14,462$13,202$12,044$10,981$10,101
10 years$14,103$12,747$11,510$10,382$9,356$8,515
11 years$12,690$11,348$10,133$9,035$8,047$7,244
12 years$11,514$10,186$8,993$7,925$6,973$6,207
13 years$10,519$9,205$8,034$6,997$6,081$5,351
14 years$9,667$8,367$7,219$6,211$5,330$4,637
15 years$8,930$7,643$6,518$5,539$4,693$4,034
16 years$8,285$7,013$5,909$4,960$4,148$3,522
17 years$7,716$6,458$5,377$4,456$3,678$3,085
18 years$7,212$5,968$4,909$4,016$3,270$2,709
19 years$6,761$5,531$4,494$3,629$2,915$2,384
20 years$6,356$5,140$4,124$3,286$2,604$2,102
21 years$5,989$4,787$3,793$2,983$2,330$1,857
22 years$5,657$4,469$3,496$2,712$2,088$1,642
23 years$5,354$4,180$3,228$2,470$1,875$1,454
24 years$5,076$3,916$2,985$2,253$1,685$1,290
25 years$4,821$3,675$2,765$2,057$1,516$1,145
26 years$4,586$3,454$2,564$1,881$1,366$1,017
27 years$4,369$3,251$2,381$1,722$1,231$904
28 years$4,168$3,063$2,214$1,577$1,111$804
29 years$3,981$2,890$2,060$1,447$1,003$716
30 years$3,807$2,729$1,919$1,328$907$637
31 years$3,644$2,580$1,789$1,219$820$568
32 years$3,492$2,441$1,669$1,121$741$506
33 years$3,349$2,312$1,558$1,030$671$451
34 years$3,215$2,191$1,456$948$607$403
35 years$3,089$2,078$1,361$873$550$359
36 years$2,970$1,972$1,274$804$499$321
37 years$2,858$1,873$1,192$741$452$286
38 years$2,752$1,780$1,116$683$410$256
39 years$2,652$1,693$1,046$629$371$228
40 years$2,557$1,611$980$581$337$204
41 years$2,466$1,533$919$536$306$182
42 years$2,381$1,460$862$494$277$163
43 years$2,299$1,391$809$456$252$145
44 years$2,222$1,326$759$421$228$130
45 years$2,148$1,265$713$389$207$116
46 years$2,078$1,206$670$359$188$104
47 years$2,010$1,151$629$332$171$93
48 years$1,946$1,099$591$307$155$83
49 years$1,885$1,049$556$284$141$74
50 years$1,826$1,002$523$262$128$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,870,000, adding $4,854 every year, while hoping to spend $27,327 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: 64/21/15 Blend
69$1,870,000$1,870,000$1,870,000$1,870,000
70$2,065,747$1,966,637$1,937,652$2,190,141
71$2,247,377$2,033,926$1,973,488$2,341,367
72$2,446,618$2,103,597$2,009,608$2,502,909
73$2,665,237$2,175,737$2,045,993$2,678,705
74$2,905,180$2,250,437$2,082,623$2,870,145
75$3,168,593$2,327,793$2,119,475$3,078,759
76$3,457,836$2,407,902$2,156,525$3,306,231
77$3,775,513$2,490,867$2,193,746$3,554,415
78$4,124,490$2,576,793$2,231,111$3,825,352
79$4,507,924$2,665,793$2,268,589$4,121,288
80$4,929,295$2,757,979$2,306,150$4,444,697
81$5,392,435$2,853,472$2,343,758$4,798,305
82$5,901,567$2,952,395$2,381,376$5,185,109
83$6,461,341$3,054,877$2,418,967$5,608,414
84$7,076,884$3,161,052$2,456,488$6,071,857
85$7,753,841$3,271,059$2,493,896$6,579,444
86$8,498,434$3,385,042$2,531,143$7,135,588
87$9,317,517$3,503,152$2,568,179$7,745,149
88$10,218,643$3,625,545$2,604,952$8,413,478
89$11,210,131$3,752,383$2,641,404$9,146,473
90$12,301,150$3,883,836$2,677,477$9,950,626
91$13,501,803$4,020,079$2,713,108$10,833,092
92$14,823,219$4,161,295$2,748,229$11,801,750
93$16,277,663$4,307,674$2,782,770$12,865,283
94$17,878,648$4,459,414$2,816,657$14,033,251
95$19,641,064$4,616,719$2,849,809$15,316,191
96$21,581,319$4,779,805$2,882,144$16,725,708
97$23,717,491$4,948,893$2,913,573$18,274,589
98$26,069,501$5,124,215$2,944,004$19,976,919
99$28,659,301$5,306,012$2,973,338$21,848,219
100$31,511,077$5,494,534$3,001,473$23,905,587