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%20%
1 years$156,074$154,684$153,328$152,004$150,711$144,674
2 years$77,265$75,826$74,431$73,079$71,767$65,761
3 years$50,998$49,553$48,162$46,822$45,532$39,746
4 years$37,867$36,427$35,049$33,733$32,474$26,951
5 years$29,991$28,559$27,200$25,910$24,686$19,441
6 years$24,742$23,320$21,981$20,720$19,533$14,570
7 years$20,994$19,585$18,267$17,035$15,886$11,201
8 years$18,184$16,788$15,492$14,291$13,179$8,769
9 years$16,000$14,617$13,343$12,172$11,098$6,956
10 years$14,254$12,884$11,633$10,493$9,456$5,573
11 years$12,826$11,470$10,241$9,132$8,133$4,500
12 years$11,637$10,295$9,089$8,010$7,048$3,655
13 years$10,632$9,303$8,120$7,071$6,146$2,983
14 years$9,771$8,456$7,296$6,277$5,387$2,444
15 years$9,025$7,725$6,587$5,598$4,743$2,008
16 years$8,373$7,088$5,972$5,013$4,192$1,655
17 years$7,799$6,527$5,435$4,504$3,717$1,366
18 years$7,289$6,032$4,961$4,059$3,305$1,129
19 years$6,833$5,590$4,542$3,667$2,946$935
20 years$6,424$5,195$4,168$3,322$2,631$775
21 years$6,053$4,839$3,834$3,015$2,355$643
22 years$5,717$4,517$3,534$2,741$2,111$534
23 years$5,411$4,224$3,263$2,496$1,895$443
24 years$5,130$3,958$3,017$2,277$1,703$369
25 years$4,873$3,714$2,795$2,079$1,532$307
26 years$4,635$3,491$2,592$1,901$1,380$255
27 years$4,416$3,285$2,407$1,740$1,245$212
28 years$4,212$3,096$2,237$1,594$1,123$177
29 years$4,023$2,920$2,082$1,462$1,014$147
30 years$3,847$2,758$1,939$1,342$916$122
31 years$3,683$2,607$1,808$1,232$828$102
32 years$3,529$2,467$1,687$1,133$749$85
33 years$3,385$2,336$1,575$1,041$678$71
34 years$3,249$2,214$1,472$958$614$59
35 years$3,122$2,100$1,376$882$556$49
36 years$3,002$1,993$1,287$812$504$41
37 years$2,888$1,893$1,205$749$457$34
38 years$2,781$1,799$1,128$690$414$28
39 years$2,680$1,711$1,057$636$375$24
40 years$2,584$1,628$991$587$341$20
41 years$2,493$1,550$929$541$309$16
42 years$2,406$1,476$871$500$280$14
43 years$2,324$1,406$818$461$254$11
44 years$2,246$1,340$768$426$231$9
45 years$2,171$1,278$721$393$210$8
46 years$2,100$1,219$677$363$190$7
47 years$2,032$1,164$636$336$173$5
48 years$1,967$1,111$598$310$157$5
49 years$1,905$1,061$562$287$143$4
50 years$1,845$1,013$528$265$129$3

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 $5,485 every year, while hoping to spend $28,587 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: 51/43/6 Blend
69$1,890,000$1,890,000$1,890,000$1,890,000
70$2,088,438$1,988,268$1,958,973$2,191,643
71$2,271,042$2,055,277$1,994,182$2,329,388
72$2,471,314$2,124,611$2,029,613$2,475,488
73$2,691,025$2,196,354$2,065,242$2,633,615
74$2,932,128$2,270,593$2,101,045$2,804,904
75$3,196,771$2,347,418$2,136,997$2,990,600
76$3,487,323$2,426,923$2,173,068$3,192,077
77$3,806,393$2,509,205$2,209,228$3,410,842
78$4,156,854$2,594,365$2,245,446$3,648,553
79$4,541,871$2,682,507$2,281,687$3,907,036
80$4,964,932$2,773,741$2,317,914$4,188,296
81$5,429,879$2,868,178$2,354,088$4,494,541
82$5,940,944$2,965,936$2,390,167$4,828,201
83$6,502,790$3,067,136$2,426,107$5,191,948
84$7,120,554$3,171,905$2,461,861$5,588,724
85$7,799,896$3,280,374$2,497,379$6,021,765
86$8,547,052$3,392,679$2,532,608$6,494,634
87$9,368,892$3,508,961$2,567,491$7,011,254
88$10,272,986$3,629,368$2,601,969$7,575,941
89$11,267,675$3,754,050$2,635,979$8,193,447
90$12,362,147$3,883,168$2,669,454$8,869,005
91$13,566,528$4,016,886$2,702,323$9,608,375
92$14,891,975$4,155,374$2,734,511$10,417,901
93$16,350,779$4,298,810$2,765,940$11,304,565
94$17,956,486$4,447,380$2,796,527$12,276,058
95$19,724,020$4,601,273$2,826,183$13,340,850
96$21,669,826$4,760,691$2,854,815$14,508,267
97$23,812,023$4,925,840$2,882,326$15,788,581
98$26,170,578$5,096,935$2,908,613$17,193,103
99$28,767,492$5,274,200$2,933,567$18,734,294
100$31,627,009$5,457,868$2,957,074$20,425,875