Can I retire at age 70 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$155,249$153,866$152,517$151,200$149,914$144,137
2 years$76,856$75,424$74,037$72,692$71,388$65,636
3 years$50,728$49,291$47,907$46,575$45,291$39,746
4 years$37,667$36,234$34,864$33,554$32,302$27,006
5 years$29,832$28,408$27,056$25,773$24,556$19,522
6 years$24,611$23,197$21,865$20,611$19,430$14,662
7 years$20,883$19,481$18,170$16,945$15,802$11,298
8 years$18,088$16,699$15,410$14,215$13,109$8,866
9 years$15,915$14,539$13,272$12,108$11,040$7,050
10 years$14,178$12,816$11,571$10,437$9,406$5,663
11 years$12,758$11,409$10,187$9,084$8,090$4,585
12 years$11,575$10,240$9,041$7,967$7,010$3,734
13 years$10,575$9,254$8,077$7,034$6,113$3,056
14 years$9,719$8,412$7,257$6,244$5,359$2,511
15 years$8,977$7,684$6,553$5,569$4,718$2,069
16 years$8,329$7,050$5,941$4,986$4,170$1,709
17 years$7,758$6,493$5,406$4,480$3,697$1,415
18 years$7,250$6,000$4,935$4,037$3,288$1,174
19 years$6,797$5,560$4,518$3,648$2,930$975
20 years$6,390$5,167$4,146$3,304$2,617$810
21 years$6,021$4,813$3,814$2,999$2,342$674
22 years$5,687$4,493$3,515$2,726$2,100$562
23 years$5,382$4,202$3,245$2,483$1,885$468
24 years$5,103$3,937$3,001$2,265$1,694$390
25 years$4,847$3,695$2,780$2,068$1,524$326
26 years$4,611$3,472$2,578$1,891$1,373$272
27 years$4,392$3,268$2,394$1,731$1,238$227
28 years$4,190$3,079$2,226$1,586$1,117$189
29 years$4,002$2,905$2,071$1,454$1,009$158
30 years$3,827$2,743$1,929$1,335$911$132
31 years$3,663$2,593$1,799$1,226$824$110
32 years$3,510$2,454$1,678$1,127$745$92
33 years$3,367$2,324$1,567$1,036$675$77
34 years$3,232$2,203$1,464$953$611$64
35 years$3,105$2,089$1,369$877$553$54
36 years$2,986$1,983$1,280$808$501$45
37 years$2,873$1,883$1,198$745$454$38
38 years$2,767$1,790$1,122$686$412$31
39 years$2,666$1,702$1,051$633$373$26
40 years$2,570$1,619$985$584$339$22
41 years$2,480$1,541$924$538$307$18
42 years$2,394$1,468$867$497$279$15
43 years$2,312$1,399$813$459$253$13
44 years$2,234$1,333$764$424$230$11
45 years$2,159$1,271$717$391$209$9
46 years$2,089$1,213$673$361$189$8
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$4
50 years$1,836$1,008$525$264$129$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,880,000, adding $2,778 every year, while hoping to spend $40,323 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: 86/8/6 Blend
69$1,880,000$1,880,000$1,880,000$1,880,000
70$2,074,626$1,974,986$1,945,846$2,252,298
71$2,243,334$2,028,856$1,968,128$2,422,376
72$2,427,899$2,084,016$1,989,805$2,603,392
73$2,629,896$2,140,484$2,010,815$2,801,000
74$2,851,059$2,198,280$2,031,091$3,016,843
75$3,093,297$2,257,426$2,050,562$3,252,726
76$3,358,713$2,317,940$2,069,156$3,510,641
77$3,649,624$2,379,841$2,086,795$3,792,779
78$3,968,579$2,443,147$2,103,396$4,101,554
79$4,318,389$2,507,876$2,118,875$4,439,626
80$4,702,148$2,574,045$2,133,140$4,809,921
81$5,123,263$2,641,670$2,146,097$5,215,666
82$5,585,489$2,710,765$2,157,644$5,660,414
83$6,092,962$2,781,345$2,167,678$6,148,079
84$6,650,235$2,853,422$2,176,087$6,682,972
85$7,262,328$2,927,009$2,182,755$7,269,844
86$7,934,769$3,002,115$2,187,560$7,913,925
87$8,673,646$3,078,750$2,190,374$8,620,981
88$9,485,669$3,156,920$2,191,062$9,397,362
89$10,378,229$3,236,630$2,189,484$10,250,065
90$11,359,468$3,317,885$2,185,492$11,186,797
91$12,438,357$3,400,684$2,178,929$12,216,051
92$13,624,779$3,485,028$2,169,633$13,347,185
93$14,929,625$3,570,913$2,157,434$14,590,507
94$16,364,891$3,658,332$2,142,153$15,957,376
95$17,943,797$3,747,277$2,123,601$17,460,309
96$19,680,905$3,837,735$2,101,584$19,113,094
97$21,592,265$3,929,691$2,075,894$20,930,926
98$23,695,556$4,023,126$2,046,316$22,930,548
99$26,010,261$4,118,017$2,012,626$25,130,406
100$28,557,845$4,214,337$1,974,586$27,550,828