Can I retire at age 70 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$156,900$155,503$154,139$152,808$151,509$147,846
2 years$77,673$76,227$74,825$73,465$72,147$68,479
3 years$51,268$49,815$48,417$47,070$45,773$42,214
4 years$38,068$36,619$35,235$33,911$32,646$29,224
5 years$30,150$28,710$27,344$26,047$24,817$21,541
6 years$24,873$23,444$22,098$20,830$19,637$16,510
7 years$21,105$19,688$18,363$17,126$15,970$12,993
8 years$18,280$16,876$15,574$14,366$13,249$10,421
9 years$16,085$14,694$13,414$12,237$11,157$8,476
10 years$14,329$12,952$11,694$10,548$9,506$6,968
11 years$12,894$11,530$10,295$9,180$8,176$5,777
12 years$11,698$10,349$9,137$8,052$7,085$4,822
13 years$10,688$9,353$8,163$7,109$6,178$4,047
14 years$9,822$8,501$7,335$6,310$5,416$3,411
15 years$9,073$7,766$6,622$5,628$4,769$2,886
16 years$8,418$7,125$6,004$5,039$4,214$2,449
17 years$7,840$6,562$5,463$4,528$3,737$2,083
18 years$7,328$6,064$4,987$4,080$3,323$1,776
19 years$6,869$5,620$4,566$3,687$2,962$1,516
20 years$6,457$5,222$4,190$3,339$2,645$1,297
21 years$6,085$4,864$3,854$3,031$2,367$1,110
22 years$5,747$4,540$3,552$2,755$2,122$952
23 years$5,439$4,247$3,280$2,509$1,905$817
24 years$5,157$3,979$3,033$2,289$1,712$701
25 years$4,898$3,734$2,809$2,090$1,541$603
26 years$4,660$3,509$2,606$1,911$1,388$518
27 years$4,439$3,303$2,420$1,749$1,251$446
28 years$4,235$3,112$2,249$1,603$1,129$384
29 years$4,045$2,936$2,093$1,470$1,019$330
30 years$3,868$2,773$1,950$1,349$921$284
31 years$3,702$2,621$1,818$1,239$833$245
32 years$3,548$2,480$1,696$1,139$753$211
33 years$3,403$2,349$1,583$1,047$682$182
34 years$3,266$2,226$1,479$963$617$157
35 years$3,138$2,111$1,383$887$559$135
36 years$3,018$2,004$1,294$817$507$117
37 years$2,904$1,903$1,211$752$459$100
38 years$2,796$1,809$1,134$694$416$87
39 years$2,694$1,720$1,063$640$377$75
40 years$2,598$1,636$996$590$342$64
41 years$2,506$1,558$934$544$311$56
42 years$2,419$1,484$876$502$282$48
43 years$2,336$1,414$822$464$256$41
44 years$2,257$1,347$772$428$232$36
45 years$2,182$1,285$725$395$211$31
46 years$2,111$1,226$681$365$191$27
47 years$2,043$1,170$639$337$174$23
48 years$1,977$1,117$601$312$158$20
49 years$1,915$1,066$565$288$143$17
50 years$1,855$1,019$531$266$130$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,900,000, adding $2,349 every year, while hoping to spend $55,814 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: 83/5/12 Blend
69$1,900,000$1,900,000$1,900,000$1,900,000
70$2,096,223$1,995,523$1,966,073$2,265,608
71$2,250,652$2,033,918$1,972,551$2,415,308
72$2,418,962$2,072,324$1,977,375$2,572,038
73$2,602,511$2,110,682$1,980,431$2,742,489
74$2,802,790$2,148,929$1,981,599$2,928,009
75$3,021,446$2,186,997$1,980,754$3,130,083
76$3,260,286$2,224,813$1,977,762$3,350,346
77$3,521,304$2,262,297$1,972,485$3,590,600
78$3,806,692$2,299,365$1,964,779$3,852,827
79$4,118,866$2,335,925$1,954,490$4,139,213
80$4,460,484$2,371,879$1,941,459$4,452,165
81$4,834,474$2,407,122$1,925,519$4,794,336
82$5,244,060$2,441,541$1,906,494$5,168,646
83$5,692,793$2,475,015$1,884,200$5,578,315
84$6,184,582$2,507,415$1,858,445$6,026,888
85$6,723,735$2,538,603$1,829,028$6,518,271
86$7,314,993$2,568,432$1,795,738$7,056,771
87$7,963,581$2,596,744$1,758,353$7,647,128
88$8,675,252$2,623,370$1,716,644$8,294,569
89$9,456,344$2,648,132$1,670,368$9,004,851
90$10,313,839$2,670,838$1,619,273$9,784,319
91$11,255,426$2,691,285$1,563,094$10,639,964
92$12,289,576$2,709,254$1,501,555$11,579,487
93$13,425,622$2,724,517$1,434,366$12,611,377
94$14,673,843$2,736,826$1,361,225$13,744,988
95$16,045,566$2,745,921$1,281,816$14,990,624
96$17,553,266$2,751,524$1,195,810$16,359,643
97$19,210,690$2,753,339$1,102,860$17,864,560
98$21,032,982$2,751,054$1,002,607$19,519,166
99$23,036,825$2,744,335$894,674$21,338,657
100$25,240,603$2,732,829$778,667$23,339,780