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%17%
1 years$159,378$157,958$156,573$155,221$153,901$149,514
2 years$78,900$77,430$76,006$74,625$73,286$68,900
3 years$52,077$50,602$49,181$47,813$46,496$42,249
4 years$38,669$37,198$35,791$34,447$33,161$29,085
5 years$30,626$29,163$27,775$26,458$25,209$21,315
6 years$25,265$23,814$22,447$21,159$19,947$16,239
7 years$21,438$19,999$18,653$17,396$16,222$12,701
8 years$18,569$17,143$15,819$14,593$13,458$10,121
9 years$16,339$14,926$13,625$12,430$11,333$8,177
10 years$14,555$13,156$11,879$10,715$9,657$6,677
11 years$13,097$11,712$10,458$9,325$8,305$5,497
12 years$11,883$10,512$9,281$8,179$7,197$4,555
13 years$10,857$9,500$8,292$7,221$6,276$3,794
14 years$9,977$8,635$7,451$6,410$5,501$3,174
15 years$9,216$7,889$6,727$5,717$4,844$2,665
16 years$8,551$7,238$6,099$5,119$4,281$2,243
17 years$7,964$6,666$5,550$4,599$3,796$1,893
18 years$7,443$6,159$5,066$4,145$3,375$1,601
19 years$6,978$5,708$4,638$3,745$3,008$1,356
20 years$6,559$5,305$4,256$3,392$2,687$1,150
21 years$6,181$4,941$3,915$3,078$2,405$976
22 years$5,838$4,612$3,608$2,799$2,155$830
23 years$5,525$4,314$3,332$2,549$1,935$706
24 years$5,239$4,042$3,081$2,325$1,739$601
25 years$4,976$3,793$2,854$2,123$1,565$512
26 years$4,733$3,565$2,647$1,941$1,410$436
27 years$4,509$3,355$2,458$1,777$1,271$372
28 years$4,302$3,161$2,285$1,628$1,147$317
29 years$4,108$2,982$2,126$1,493$1,035$271
30 years$3,929$2,816$1,980$1,370$936$231
31 years$3,761$2,662$1,846$1,258$846$197
32 years$3,604$2,519$1,723$1,157$765$168
33 years$3,456$2,386$1,608$1,064$692$144
34 years$3,318$2,261$1,503$979$627$123
35 years$3,188$2,145$1,405$901$568$105
36 years$3,065$2,036$1,314$830$515$90
37 years$2,950$1,933$1,230$764$466$76
38 years$2,840$1,837$1,152$705$423$65
39 years$2,737$1,747$1,079$650$383$56
40 years$2,639$1,662$1,012$599$348$48
41 years$2,546$1,582$949$553$315$41
42 years$2,457$1,507$890$510$286$35
43 years$2,373$1,436$835$471$260$30
44 years$2,293$1,369$784$435$236$25
45 years$2,217$1,305$736$402$214$22
46 years$2,144$1,245$691$371$194$19
47 years$2,075$1,188$649$343$176$16
48 years$2,008$1,134$610$317$160$14
49 years$1,945$1,083$574$293$146$12
50 years$1,884$1,035$539$271$132$10

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 $4,441 every year, while hoping to spend $45,257 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: 79/15/6 Blend
69$1,930,000$1,930,000$1,930,000$1,930,000
70$2,131,441$2,029,151$1,999,236$2,298,437
71$2,300,695$2,080,426$2,018,057$2,459,765
72$2,485,696$2,132,697$2,035,992$2,630,296
73$2,688,002$2,185,965$2,052,963$2,815,995
74$2,909,330$2,240,229$2,068,889$3,018,349
75$3,151,568$2,295,487$2,083,684$3,238,999
76$3,416,798$2,351,735$2,097,257$3,479,750
77$3,707,310$2,408,969$2,109,514$3,742,589
78$4,025,627$2,467,180$2,120,354$4,029,705
79$4,374,528$2,526,358$2,129,672$4,343,510
80$4,757,072$2,586,493$2,137,359$4,686,660
81$5,176,631$2,647,568$2,143,298$5,062,078
82$5,636,917$2,709,568$2,147,368$5,472,988
83$6,142,018$2,772,473$2,149,441$5,922,937
84$6,696,439$2,836,259$2,149,382$6,415,836
85$7,305,141$2,900,901$2,147,051$6,955,991
86$7,973,589$2,966,369$2,142,301$7,548,146
87$8,707,803$3,032,629$2,134,976$8,197,527
88$9,514,416$3,099,644$2,124,915$8,909,893
89$10,400,733$3,167,374$2,111,946$9,691,587
90$11,374,804$3,235,771$2,095,892$10,549,599
91$12,445,496$3,304,785$2,076,566$11,491,628
92$13,622,577$3,374,361$2,053,773$12,526,160
93$14,916,812$3,444,437$2,027,306$13,662,542
94$16,340,058$3,514,945$1,996,952$14,911,074
95$17,905,379$3,585,813$1,962,485$16,283,103
96$19,627,171$3,656,960$1,923,671$17,791,136
97$21,521,291$3,728,300$1,880,263$19,448,949
98$23,605,214$3,799,739$1,832,003$21,271,725
99$25,898,194$3,871,173$1,778,623$23,276,192
100$28,421,442$3,942,494$1,719,839$25,480,784