Can I retire at age 70 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$161,029$159,595$158,195$156,829$155,496$150,881
2 years$79,717$78,233$76,794$75,399$74,046$69,434
3 years$52,617$51,126$49,691$48,309$46,978$42,514
4 years$39,070$37,583$36,162$34,804$33,505$29,224
5 years$30,943$29,466$28,063$26,733$25,470$21,383
6 years$25,527$24,061$22,679$21,378$20,153$16,264
7 years$21,660$20,206$18,847$17,576$16,390$12,699
8 years$18,761$17,320$15,983$14,744$13,597$10,101
9 years$16,508$15,081$13,767$12,559$11,451$8,146
10 years$14,706$13,293$12,002$10,826$9,757$6,639
11 years$13,233$11,834$10,566$9,422$8,391$5,455
12 years$12,006$10,621$9,377$8,264$7,271$4,512
13 years$10,969$9,599$8,378$7,296$6,341$3,751
14 years$10,081$8,725$7,528$6,477$5,558$3,131
15 years$9,312$7,970$6,797$5,776$4,894$2,623
16 years$8,639$7,313$6,162$5,172$4,325$2,203
17 years$8,047$6,735$5,607$4,647$3,835$1,855
18 years$7,520$6,223$5,119$4,188$3,410$1,565
19 years$7,050$5,768$4,686$3,784$3,039$1,323
20 years$6,627$5,359$4,300$3,427$2,715$1,119
21 years$6,245$4,992$3,956$3,110$2,430$948
22 years$5,899$4,660$3,646$2,828$2,178$804
23 years$5,583$4,358$3,366$2,575$1,955$682
24 years$5,293$4,084$3,113$2,349$1,757$580
25 years$5,027$3,832$2,883$2,145$1,581$492
26 years$4,782$3,602$2,674$1,961$1,424$419
27 years$4,556$3,390$2,483$1,795$1,284$356
28 years$4,346$3,194$2,308$1,645$1,159$303
29 years$4,151$3,013$2,148$1,508$1,046$258
30 years$3,969$2,846$2,001$1,384$945$219
31 years$3,800$2,690$1,865$1,271$855$187
32 years$3,641$2,545$1,741$1,169$773$159
33 years$3,492$2,410$1,625$1,075$700$136
34 years$3,352$2,285$1,518$989$633$115
35 years$3,221$2,167$1,420$910$574$98
36 years$3,097$2,057$1,328$838$520$84
37 years$2,980$1,953$1,243$772$471$71
38 years$2,870$1,856$1,164$712$427$61
39 years$2,765$1,765$1,091$656$387$52
40 years$2,666$1,679$1,022$605$351$44
41 years$2,572$1,599$958$559$319$38
42 years$2,483$1,523$899$515$289$32
43 years$2,398$1,451$844$476$262$27
44 years$2,317$1,383$792$439$238$23
45 years$2,240$1,319$744$406$216$20
46 years$2,166$1,258$698$375$196$17
47 years$2,096$1,200$656$346$178$14
48 years$2,029$1,146$617$320$162$12
49 years$1,965$1,094$580$296$147$11
50 years$1,904$1,045$545$273$134$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,950,000, adding $5,516 every year, while hoping to spend $29,316 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: 31/47/22 Blend
69$1,950,000$1,950,000$1,950,000$1,950,000
70$2,154,590$2,051,240$2,021,015$2,206,539
71$2,343,166$2,120,559$2,057,527$2,315,726
72$2,549,994$2,192,291$2,094,279$2,430,166
73$2,776,906$2,266,526$2,131,250$2,552,752
74$3,025,917$2,343,352$2,168,413$2,684,212
75$3,299,248$2,422,864$2,205,743$2,825,344
76$3,599,347$2,505,160$2,243,211$2,977,026
77$3,928,909$2,590,342$2,280,787$3,140,223
78$4,290,903$2,678,514$2,318,439$3,315,993
79$4,688,599$2,769,785$2,356,131$3,505,499
80$5,125,602$2,864,269$2,393,826$3,710,020
81$5,605,879$2,962,085$2,431,485$3,930,962
82$6,133,805$3,063,353$2,469,066$4,169,868
83$6,714,197$3,168,202$2,506,524$4,428,438
84$7,352,364$3,276,762$2,543,811$4,708,538
85$8,054,153$3,389,172$2,580,877$5,012,224
86$8,826,008$3,505,573$2,617,668$5,341,753
87$9,675,028$3,626,112$2,654,127$5,699,612
88$10,609,034$3,750,945$2,690,193$6,088,533
89$11,636,644$3,880,230$2,725,803$6,511,527
90$12,767,353$4,014,132$2,760,889$6,971,901
91$14,011,623$4,152,825$2,795,378$7,473,300
92$15,380,981$4,296,486$2,829,197$8,019,732
93$16,888,130$4,445,302$2,862,263$8,615,610
94$18,547,064$4,599,467$2,894,494$9,265,792
95$20,373,204$4,759,180$2,925,799$9,975,623
96$22,383,541$4,924,651$2,956,084$10,750,991
97$24,596,800$5,096,096$2,985,250$11,598,377
98$27,033,611$5,273,742$3,013,193$12,524,914
99$29,716,706$5,457,823$3,039,802$13,538,461
100$32,671,136$5,648,581$3,064,961$14,647,669