Can I retire at age 70 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$156,074$154,684$153,328$152,004$150,711$150,013
2 years$77,265$75,826$74,431$73,079$71,767$71,063
3 years$50,998$49,553$48,162$46,822$45,532$44,843
4 years$37,867$36,427$35,049$33,733$32,474$31,805
5 years$29,991$28,559$27,200$25,910$24,686$24,040
6 years$24,742$23,320$21,981$20,720$19,533$18,910
7 years$20,994$19,585$18,267$17,035$15,886$15,287
8 years$18,184$16,788$15,492$14,291$13,179$12,603
9 years$16,000$14,617$13,343$12,172$11,098$10,547
10 years$14,254$12,884$11,633$10,493$9,456$8,928
11 years$12,826$11,470$10,241$9,132$8,133$7,627
12 years$11,637$10,295$9,089$8,010$7,048$6,565
13 years$10,632$9,303$8,120$7,071$6,146$5,685
14 years$9,771$8,456$7,296$6,277$5,387$4,948
15 years$9,025$7,725$6,587$5,598$4,743$4,325
16 years$8,373$7,088$5,972$5,013$4,192$3,795
17 years$7,799$6,527$5,435$4,504$3,717$3,340
18 years$7,289$6,032$4,961$4,059$3,305$2,947
19 years$6,833$5,590$4,542$3,667$2,946$2,606
20 years$6,424$5,195$4,168$3,322$2,631$2,310
21 years$6,053$4,839$3,834$3,015$2,355$2,051
22 years$5,717$4,517$3,534$2,741$2,111$1,823
23 years$5,411$4,224$3,263$2,496$1,895$1,623
24 years$5,130$3,958$3,017$2,277$1,703$1,447
25 years$4,873$3,714$2,795$2,079$1,532$1,291
26 years$4,635$3,491$2,592$1,901$1,380$1,153
27 years$4,416$3,285$2,407$1,740$1,245$1,031
28 years$4,212$3,096$2,237$1,594$1,123$922
29 years$4,023$2,920$2,082$1,462$1,014$826
30 years$3,847$2,758$1,939$1,342$916$739
31 years$3,683$2,607$1,808$1,232$828$663
32 years$3,529$2,467$1,687$1,133$749$594
33 years$3,385$2,336$1,575$1,041$678$533
34 years$3,249$2,214$1,472$958$614$478
35 years$3,122$2,100$1,376$882$556$429
36 years$3,002$1,993$1,287$812$504$385
37 years$2,888$1,893$1,205$749$457$346
38 years$2,781$1,799$1,128$690$414$311
39 years$2,680$1,711$1,057$636$375$279
40 years$2,584$1,628$991$587$341$251
41 years$2,493$1,550$929$541$309$225
42 years$2,406$1,476$871$500$280$203
43 years$2,324$1,406$818$461$254$182
44 years$2,246$1,340$768$426$231$164
45 years$2,171$1,278$721$393$210$147
46 years$2,100$1,219$677$363$190$132
47 years$2,032$1,164$636$336$173$119
48 years$1,967$1,111$598$310$157$107
49 years$1,905$1,061$562$287$143$96
50 years$1,845$1,013$528$265$129$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,890,000, adding $2,253 every year, while hoping to spend $24,476 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: 58/23/19 Blend
69$1,890,000$1,890,000$1,890,000$1,890,000
70$2,085,104$1,984,934$1,955,639$2,195,461
71$2,271,742$2,056,153$1,995,111$2,341,865
72$2,476,597$2,130,042$2,035,084$2,498,540
73$2,701,502$2,206,706$2,075,551$2,668,797
74$2,948,473$2,286,253$2,116,500$2,853,952
75$3,219,735$2,368,797$2,157,921$3,055,450
76$3,517,738$2,454,458$2,199,801$3,274,884
77$3,845,179$2,543,357$2,242,125$3,514,004
78$4,205,030$2,635,625$2,284,880$3,774,740
79$4,600,567$2,731,395$2,328,048$4,059,212
80$5,035,398$2,830,806$2,371,610$4,369,759
81$5,513,497$2,934,004$2,415,547$4,708,950
82$6,039,243$3,041,140$2,459,838$5,079,618
83$6,617,462$3,152,372$2,504,458$5,484,879
84$7,253,469$3,267,863$2,549,383$5,928,167
85$7,953,120$3,387,787$2,594,585$6,413,261
86$8,722,870$3,512,320$2,640,036$6,944,322
87$9,569,828$3,641,649$2,685,702$7,525,935
88$10,501,829$3,775,968$2,731,551$8,163,146
89$11,527,504$3,915,478$2,777,546$8,861,515
90$12,656,363$4,060,391$2,823,648$9,627,163
91$13,898,888$4,210,926$2,869,816$10,466,834
92$15,266,625$4,367,311$2,916,005$11,387,955
93$16,772,298$4,529,787$2,962,169$12,398,706
94$18,429,926$4,698,600$3,008,255$13,508,100
95$20,254,958$4,874,011$3,054,212$14,726,062
96$22,264,417$5,056,291$3,099,981$16,063,526
97$24,477,059$5,245,721$3,145,502$17,532,538
98$26,913,554$5,442,596$3,190,710$19,146,366
99$29,596,675$5,647,222$3,235,538$20,919,629
100$32,551,520$5,859,920$3,279,913$22,868,429