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%18.3%
1 years$161,029$159,595$158,195$156,829$155,496$150,278
2 years$79,717$78,233$76,794$75,399$74,046$68,840
3 years$52,617$51,126$49,691$48,309$46,978$41,948
4 years$39,070$37,583$36,162$34,804$33,505$28,689
5 years$30,943$29,466$28,063$26,733$25,470$20,882
6 years$25,527$24,061$22,679$21,378$20,153$15,796
7 years$21,660$20,206$18,847$17,576$16,390$12,263
8 years$18,761$17,320$15,983$14,744$13,597$9,697
9 years$16,508$15,081$13,767$12,559$11,451$7,773
10 years$14,706$13,293$12,002$10,826$9,757$6,295
11 years$13,233$11,834$10,566$9,422$8,391$5,140
12 years$12,006$10,621$9,377$8,264$7,271$4,222
13 years$10,969$9,599$8,378$7,296$6,341$3,486
14 years$10,081$8,725$7,528$6,477$5,558$2,890
15 years$9,312$7,970$6,797$5,776$4,894$2,404
16 years$8,639$7,313$6,162$5,172$4,325$2,005
17 years$8,047$6,735$5,607$4,647$3,835$1,676
18 years$7,520$6,223$5,119$4,188$3,410$1,404
19 years$7,050$5,768$4,686$3,784$3,039$1,177
20 years$6,627$5,359$4,300$3,427$2,715$989
21 years$6,245$4,992$3,956$3,110$2,430$831
22 years$5,899$4,660$3,646$2,828$2,178$699
23 years$5,583$4,358$3,366$2,575$1,955$589
24 years$5,293$4,084$3,113$2,349$1,757$496
25 years$5,027$3,832$2,883$2,145$1,581$418
26 years$4,782$3,602$2,674$1,961$1,424$353
27 years$4,556$3,390$2,483$1,795$1,284$297
28 years$4,346$3,194$2,308$1,645$1,159$251
29 years$4,151$3,013$2,148$1,508$1,046$212
30 years$3,969$2,846$2,001$1,384$945$179
31 years$3,800$2,690$1,865$1,271$855$151
32 years$3,641$2,545$1,741$1,169$773$128
33 years$3,492$2,410$1,625$1,075$700$108
34 years$3,352$2,285$1,518$989$633$91
35 years$3,221$2,167$1,420$910$574$77
36 years$3,097$2,057$1,328$838$520$65
37 years$2,980$1,953$1,243$772$471$55
38 years$2,870$1,856$1,164$712$427$46
39 years$2,765$1,765$1,091$656$387$39
40 years$2,666$1,679$1,022$605$351$33
41 years$2,572$1,599$958$559$319$28
42 years$2,483$1,523$899$515$289$24
43 years$2,398$1,451$844$476$262$20
44 years$2,317$1,383$792$439$238$17
45 years$2,240$1,319$744$406$216$14
46 years$2,166$1,258$698$375$196$12
47 years$2,096$1,200$656$346$178$10
48 years$2,029$1,146$617$320$162$9
49 years$1,965$1,094$580$296$147$7
50 years$1,904$1,045$545$273$134$6

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 $2,152 every year, while hoping to spend $52,341 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: 76/19/5 Blend
69$1,950,000$1,950,000$1,950,000$1,950,000
70$2,151,120$2,047,770$2,017,545$2,313,807
71$2,314,844$2,092,420$2,029,442$2,465,568
72$2,493,513$2,137,504$2,039,984$2,624,893
73$2,688,597$2,182,988$2,049,069$2,797,975
74$2,901,713$2,228,833$2,056,592$2,986,156
75$3,134,642$2,275,000$2,062,442$3,190,912
76$3,389,344$2,321,443$2,066,502$3,413,872
77$3,667,976$2,368,113$2,068,649$3,656,827
78$3,972,916$2,414,958$2,068,756$3,921,749
79$4,306,781$2,461,917$2,066,686$4,210,813
80$4,672,451$2,508,930$2,062,298$4,526,411
81$5,073,101$2,555,927$2,055,445$4,871,181
82$5,512,225$2,602,835$2,045,970$5,248,028
83$5,993,671$2,649,574$2,033,710$5,660,150
84$6,521,681$2,696,058$2,018,494$6,111,072
85$7,100,922$2,742,194$2,000,143$6,604,677
86$7,736,537$2,787,883$1,978,469$7,145,243
87$8,434,192$2,833,017$1,953,276$7,737,484
88$9,200,126$2,877,482$1,924,357$8,386,592
89$10,041,213$2,921,153$1,891,498$9,098,289
90$10,965,026$2,963,898$1,854,472$9,878,878
91$11,979,905$3,005,576$1,813,043$10,735,305
92$13,095,040$3,046,033$1,766,964$11,675,224
93$14,320,554$3,085,109$1,715,977$12,707,068
94$15,667,599$3,122,628$1,659,812$13,840,128
95$17,148,463$3,158,406$1,598,185$15,084,645
96$18,776,683$3,192,244$1,530,800$16,451,900
97$20,567,172$3,223,932$1,457,349$17,954,328
98$22,536,362$3,253,242$1,377,509$19,605,627
99$24,702,356$3,279,937$1,290,940$21,420,896
100$27,085,101$3,303,758$1,197,292$23,416,772