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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$157,726$156,321$154,950$153,612$152,306$150,092
2 years$78,082$76,628$75,219$73,852$72,527$70,301
3 years$51,538$50,077$48,671$47,318$46,014$43,845
4 years$38,268$36,812$35,420$34,090$32,818$30,723
5 years$30,308$28,861$27,488$26,184$24,947$22,933
6 years$25,004$23,567$22,214$20,940$19,740$17,808
7 years$21,216$19,792$18,460$17,216$16,054$14,205
8 years$18,377$16,965$15,656$14,442$13,318$11,552
9 years$16,169$14,771$13,484$12,301$11,216$9,532
10 years$14,405$13,020$11,756$10,604$9,557$7,953
11 years$12,962$11,591$10,350$9,228$8,219$6,694
12 years$11,760$10,404$9,185$8,095$7,122$5,675
13 years$10,744$9,402$8,206$7,146$6,211$4,839
14 years$9,874$8,546$7,373$6,344$5,444$4,146
15 years$9,121$7,807$6,657$5,657$4,794$3,566
16 years$8,462$7,163$6,036$5,066$4,237$3,077
17 years$7,882$6,597$5,492$4,551$3,756$2,663
18 years$7,366$6,095$5,014$4,102$3,340$2,310
19 years$6,906$5,649$4,590$3,706$2,977$2,008
20 years$6,491$5,250$4,212$3,357$2,659$1,749
21 years$6,117$4,890$3,874$3,046$2,380$1,525
22 years$5,778$4,564$3,571$2,770$2,133$1,332
23 years$5,468$4,269$3,297$2,523$1,915$1,164
24 years$5,185$4,000$3,049$2,301$1,721$1,019
25 years$4,924$3,754$2,824$2,101$1,549$892
26 years$4,684$3,528$2,619$1,921$1,395$782
27 years$4,463$3,320$2,432$1,759$1,258$686
28 years$4,257$3,128$2,261$1,611$1,135$602
29 years$4,066$2,951$2,104$1,478$1,025$528
30 years$3,888$2,787$1,960$1,356$926$464
31 years$3,722$2,635$1,827$1,245$837$408
32 years$3,566$2,493$1,705$1,145$757$358
33 years$3,421$2,361$1,592$1,052$685$315
34 years$3,284$2,238$1,487$968$620$277
35 years$3,155$2,122$1,391$891$562$244
36 years$3,034$2,014$1,301$821$509$214
37 years$2,919$1,913$1,218$756$461$189
38 years$2,811$1,818$1,140$697$418$166
39 years$2,708$1,729$1,068$643$379$146
40 years$2,611$1,645$1,001$593$344$129
41 years$2,519$1,566$939$547$312$113
42 years$2,432$1,491$881$505$283$100
43 years$2,349$1,421$826$466$257$88
44 years$2,269$1,354$776$430$233$77
45 years$2,194$1,292$728$397$212$68
46 years$2,122$1,232$684$367$192$60
47 years$2,053$1,176$643$339$175$53
48 years$1,988$1,122$604$313$159$47
49 years$1,925$1,072$568$290$144$41
50 years$1,865$1,024$534$268$131$36

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 $4,376 every year, while hoping to spend $31,452 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: 70/17/13 Blend
69$1,910,000$1,910,000$1,910,000$1,910,000
70$2,109,334$2,008,104$1,978,499$2,250,687
71$2,291,021$2,073,036$2,011,314$2,410,022
72$2,490,187$2,140,096$2,044,174$2,580,121
73$2,708,579$2,209,355$2,077,048$2,765,448
74$2,948,127$2,280,885$2,109,901$2,967,499
75$3,210,951$2,354,764$2,142,698$3,187,920
76$3,499,390$2,431,069$2,175,400$3,428,524
77$3,816,019$2,509,883$2,207,967$3,691,305
78$4,163,674$2,591,288$2,240,355$3,978,462
79$4,545,480$2,675,373$2,272,519$4,292,413
80$4,964,880$2,762,227$2,304,409$4,635,825
81$5,425,664$2,851,943$2,335,974$5,011,631
82$5,932,012$2,944,618$2,367,158$5,423,065
83$6,488,524$3,040,351$2,397,905$5,873,686
84$7,100,271$3,139,245$2,428,152$6,367,416
85$7,772,838$3,241,408$2,457,835$6,908,574
86$8,512,380$3,346,950$2,486,885$7,501,918
87$9,325,677$3,455,984$2,515,230$8,152,688
88$10,220,198$3,568,630$2,542,792$8,866,659
89$11,204,175$3,685,009$2,569,492$9,650,190
90$12,286,675$3,805,249$2,595,245$10,510,288
91$13,477,690$3,929,481$2,619,959$11,454,671
92$14,788,229$4,057,839$2,643,542$12,491,844
93$16,230,420$4,190,465$2,665,893$13,631,175
94$17,817,629$4,327,505$2,686,907$14,882,985
95$19,564,583$4,469,108$2,706,473$16,258,647
96$21,487,507$4,615,430$2,724,477$17,770,689
97$23,604,280$4,766,634$2,740,794$19,432,917
98$25,934,602$4,922,885$2,755,297$21,260,539
99$28,500,183$5,084,358$2,767,850$23,270,315
100$31,324,941$5,251,230$2,778,312$25,480,708