Can I retire at age 70 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$159,378$157,958$156,573$155,221$153,901$152,230
2 years$78,900$77,430$76,006$74,625$73,286$71,604
3 years$52,077$50,602$49,181$47,813$46,496$44,854
4 years$38,669$37,198$35,791$34,447$33,161$31,573
5 years$30,626$29,163$27,775$26,458$25,209$23,679
6 years$25,265$23,814$22,447$21,159$19,947$18,477
7 years$21,438$19,999$18,653$17,396$16,222$14,812
8 years$18,569$17,143$15,819$14,593$13,458$12,109
9 years$16,339$14,926$13,625$12,430$11,333$10,044
10 years$14,555$13,156$11,879$10,715$9,657$8,426
11 years$13,097$11,712$10,458$9,325$8,305$7,133
12 years$11,883$10,512$9,281$8,179$7,197$6,082
13 years$10,857$9,500$8,292$7,221$6,276$5,216
14 years$9,977$8,635$7,451$6,410$5,501$4,496
15 years$9,216$7,889$6,727$5,717$4,844$3,890
16 years$8,551$7,238$6,099$5,119$4,281$3,378
17 years$7,964$6,666$5,550$4,599$3,796$2,942
18 years$7,443$6,159$5,066$4,145$3,375$2,569
19 years$6,978$5,708$4,638$3,745$3,008$2,248
20 years$6,559$5,305$4,256$3,392$2,687$1,970
21 years$6,181$4,941$3,915$3,078$2,405$1,730
22 years$5,838$4,612$3,608$2,799$2,155$1,521
23 years$5,525$4,314$3,332$2,549$1,935$1,339
24 years$5,239$4,042$3,081$2,325$1,739$1,180
25 years$4,976$3,793$2,854$2,123$1,565$1,041
26 years$4,733$3,565$2,647$1,941$1,410$919
27 years$4,509$3,355$2,458$1,777$1,271$812
28 years$4,302$3,161$2,285$1,628$1,147$717
29 years$4,108$2,982$2,126$1,493$1,035$634
30 years$3,929$2,816$1,980$1,370$936$561
31 years$3,761$2,662$1,846$1,258$846$497
32 years$3,604$2,519$1,723$1,157$765$440
33 years$3,456$2,386$1,608$1,064$692$390
34 years$3,318$2,261$1,503$979$627$345
35 years$3,188$2,145$1,405$901$568$306
36 years$3,065$2,036$1,314$830$515$271
37 years$2,950$1,933$1,230$764$466$241
38 years$2,840$1,837$1,152$705$423$213
39 years$2,737$1,747$1,079$650$383$189
40 years$2,639$1,662$1,012$599$348$168
41 years$2,546$1,582$949$553$315$149
42 years$2,457$1,507$890$510$286$132
43 years$2,373$1,436$835$471$260$117
44 years$2,293$1,369$784$435$236$104
45 years$2,217$1,305$736$402$214$92
46 years$2,144$1,245$691$371$194$82
47 years$2,075$1,188$649$343$176$73
48 years$2,008$1,134$610$317$160$65
49 years$1,945$1,083$574$293$146$57
50 years$1,884$1,035$539$271$132$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,930,000, adding $4,165 every year, while hoping to spend $52,394 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: 55/40/5 Blend
69$1,930,000$1,930,000$1,930,000$1,930,000
70$2,131,156$2,028,866$1,998,951$2,245,969
71$2,292,787$2,072,534$2,010,169$2,367,482
72$2,469,149$2,116,585$2,020,007$2,493,503
73$2,661,688$2,160,984$2,028,363$2,629,403
74$2,871,997$2,205,689$2,035,131$2,776,124
75$3,101,831$2,250,658$2,040,198$2,934,706
76$3,353,120$2,295,843$2,043,447$3,106,294
77$3,627,990$2,341,191$2,044,754$3,292,147
78$3,928,782$2,386,645$2,043,989$3,493,653
79$4,258,072$2,432,146$2,041,018$3,712,344
80$4,618,700$2,477,625$2,035,696$3,949,902
81$5,013,790$2,523,011$2,027,875$4,208,186
82$5,446,784$2,568,227$2,017,397$4,489,240
83$5,921,475$2,613,188$2,004,098$4,795,320
84$6,442,035$2,657,805$1,987,805$5,128,908
85$7,013,065$2,701,980$1,968,339$5,492,742
86$7,639,630$2,745,609$1,945,510$5,889,840
87$8,327,307$2,788,579$1,919,120$6,323,524
88$9,082,244$2,830,770$1,888,962$6,797,459
89$9,911,208$2,872,054$1,854,818$7,315,683
90$10,821,659$2,912,292$1,816,461$7,882,646
91$11,821,810$2,951,335$1,773,654$8,503,253
92$12,920,710$2,989,027$1,726,148$9,182,910
93$14,128,331$3,025,198$1,673,682$9,927,576
94$15,455,655$3,059,666$1,615,984$10,743,817
95$16,914,782$3,092,240$1,552,770$11,638,873
96$18,519,044$3,122,714$1,483,742$12,620,722
97$20,283,127$3,150,868$1,408,588$13,698,157
98$22,223,214$3,176,468$1,326,984$14,880,873
99$24,357,133$3,199,266$1,238,589$16,179,554
100$26,704,527$3,218,997$1,143,048$17,605,975