Can I retire at age 70 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$157,726$156,321$154,950$153,612$152,306$150,967
2 years$78,082$76,628$75,219$73,852$72,527$71,177
3 years$51,538$50,077$48,671$47,318$46,014$44,696
4 years$38,268$36,812$35,420$34,090$32,818$31,541
5 years$30,308$28,861$27,488$26,184$24,947$23,716
6 years$25,004$23,567$22,214$20,940$19,740$18,556
7 years$21,216$19,792$18,460$17,216$16,054$14,917
8 years$18,377$16,965$15,656$14,442$13,318$12,229
9 years$16,169$14,771$13,484$12,301$11,216$10,174
10 years$14,405$13,020$11,756$10,604$9,557$8,561
11 years$12,962$11,591$10,350$9,228$8,219$7,269
12 years$11,760$10,404$9,185$8,095$7,122$6,218
13 years$10,744$9,402$8,206$7,146$6,211$5,350
14 years$9,874$8,546$7,373$6,344$5,444$4,626
15 years$9,121$7,807$6,657$5,657$4,794$4,017
16 years$8,462$7,163$6,036$5,066$4,237$3,500
17 years$7,882$6,597$5,492$4,551$3,756$3,059
18 years$7,366$6,095$5,014$4,102$3,340$2,681
19 years$6,906$5,649$4,590$3,706$2,977$2,354
20 years$6,491$5,250$4,212$3,357$2,659$2,071
21 years$6,117$4,890$3,874$3,046$2,380$1,825
22 years$5,778$4,564$3,571$2,770$2,133$1,611
23 years$5,468$4,269$3,297$2,523$1,915$1,423
24 years$5,185$4,000$3,049$2,301$1,721$1,259
25 years$4,924$3,754$2,824$2,101$1,549$1,115
26 years$4,684$3,528$2,619$1,921$1,395$988
27 years$4,463$3,320$2,432$1,759$1,258$876
28 years$4,257$3,128$2,261$1,611$1,135$778
29 years$4,066$2,951$2,104$1,478$1,025$691
30 years$3,888$2,787$1,960$1,356$926$614
31 years$3,722$2,635$1,827$1,245$837$545
32 years$3,566$2,493$1,705$1,145$757$485
33 years$3,421$2,361$1,592$1,052$685$431
34 years$3,284$2,238$1,487$968$620$384
35 years$3,155$2,122$1,391$891$562$342
36 years$3,034$2,014$1,301$821$509$304
37 years$2,919$1,913$1,218$756$461$271
38 years$2,811$1,818$1,140$697$418$241
39 years$2,708$1,729$1,068$643$379$215
40 years$2,611$1,645$1,001$593$344$191
41 years$2,519$1,566$939$547$312$171
42 years$2,432$1,491$881$505$283$152
43 years$2,349$1,421$826$466$257$135
44 years$2,269$1,354$776$430$233$121
45 years$2,194$1,292$728$397$212$108
46 years$2,122$1,232$684$367$192$96
47 years$2,053$1,176$643$339$175$86
48 years$1,988$1,122$604$313$159$76
49 years$1,925$1,072$568$290$144$68
50 years$1,865$1,024$534$268$131$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,910,000, adding $3,500 every year, while hoping to spend $21,665 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: 65/8/27 Blend
69$1,910,000$1,910,000$1,910,000$1,910,000
70$2,108,430$2,007,200$1,977,595$2,230,265
71$2,300,439$2,082,502$2,020,793$2,388,287
72$2,511,306$2,160,767$2,064,712$2,558,212
73$2,742,933$2,242,118$2,109,354$2,743,470
74$2,997,413$2,326,682$2,154,718$2,945,571
75$3,277,053$2,414,594$2,200,805$3,166,178
76$3,584,394$2,505,991$2,247,614$3,407,123
77$3,922,236$2,601,019$2,295,143$3,670,425
78$4,293,664$2,699,828$2,343,390$3,958,302
79$4,702,075$2,802,577$2,392,351$4,273,204
80$5,151,213$2,909,430$2,442,021$4,617,823
81$5,645,204$3,020,558$2,492,395$4,995,127
82$6,188,591$3,136,142$2,543,467$5,408,385
83$6,786,383$3,256,369$2,595,229$5,861,197
84$7,444,095$3,381,432$2,647,671$6,357,529
85$8,167,808$3,511,538$2,700,783$6,901,750
86$8,964,219$3,646,897$2,754,553$7,498,671
87$9,840,707$3,787,733$2,808,968$8,153,595
88$10,805,404$3,934,277$2,864,014$8,872,360
89$11,867,271$4,086,772$2,919,673$9,661,401
90$13,036,178$4,245,470$2,975,929$10,527,806
91$14,323,005$4,410,635$3,032,759$11,479,383
92$15,739,739$4,582,543$3,090,144$12,524,736
93$17,299,586$4,761,481$3,148,058$13,673,342
94$19,017,102$4,947,752$3,206,475$14,935,645
95$20,908,322$5,141,667$3,265,368$16,323,151
96$22,990,918$5,343,556$3,324,705$17,848,535
97$25,284,362$5,553,761$3,384,453$19,525,767
98$27,810,111$5,772,639$3,444,576$21,370,236
99$30,591,809$6,000,566$3,505,036$23,398,898
100$33,655,510$6,237,930$3,565,791$25,630,437