Can I retire at age 70 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$162,681$161,232$159,818$158,438$157,091$156,297
2 years$80,535$79,035$77,582$76,172$74,805$74,004
3 years$53,157$51,650$50,200$48,804$47,459$46,676
4 years$39,470$37,968$36,533$35,161$33,848$33,089
5 years$31,260$29,768$28,351$27,007$25,731$24,997
6 years$25,789$24,308$22,912$21,598$20,360$19,653
7 years$21,883$20,413$19,040$17,757$16,558$15,878
8 years$18,954$17,498$16,147$14,896$13,737$13,083
9 years$16,677$15,235$13,908$12,688$11,568$10,942
10 years$14,857$13,429$12,125$10,937$9,857$9,257
11 years$13,369$11,955$10,675$9,518$8,477$7,904
12 years$12,129$10,730$9,474$8,349$7,346$6,799
13 years$11,082$9,697$8,464$7,371$6,406$5,884
14 years$10,184$8,814$7,605$6,543$5,615$5,118
15 years$9,407$8,052$6,866$5,835$4,944$4,471
16 years$8,728$7,388$6,225$5,225$4,370$3,920
17 years$8,129$6,804$5,665$4,694$3,875$3,447
18 years$7,598$6,287$5,171$4,231$3,445$3,040
19 years$7,122$5,827$4,734$3,823$3,071$2,686
20 years$6,695$5,414$4,345$3,462$2,743$2,379
21 years$6,310$5,043$3,996$3,142$2,454$2,111
22 years$5,959$4,708$3,683$2,857$2,200$1,875
23 years$5,640$4,403$3,401$2,602$1,975$1,668
24 years$5,347$4,125$3,145$2,373$1,775$1,486
25 years$5,079$3,871$2,913$2,167$1,597$1,325
26 years$4,831$3,639$2,702$1,982$1,439$1,183
27 years$4,603$3,424$2,509$1,814$1,297$1,056
28 years$4,391$3,227$2,332$1,662$1,170$944
29 years$4,194$3,044$2,170$1,524$1,057$844
30 years$4,010$2,875$2,022$1,399$955$756
31 years$3,839$2,718$1,885$1,285$863$677
32 years$3,678$2,571$1,758$1,180$781$606
33 years$3,528$2,435$1,642$1,086$707$543
34 years$3,387$2,308$1,534$999$640$487
35 years$3,254$2,189$1,434$919$580$437
36 years$3,129$2,078$1,342$847$525$392
37 years$3,011$1,973$1,256$780$476$352
38 years$2,899$1,875$1,176$719$432$315
39 years$2,793$1,783$1,102$663$391$283
40 years$2,693$1,697$1,033$612$355$254
41 years$2,598$1,615$968$564$322$228
42 years$2,508$1,538$908$521$292$205
43 years$2,422$1,466$852$481$265$184
44 years$2,341$1,397$800$444$241$165
45 years$2,263$1,332$751$410$219$149
46 years$2,189$1,271$706$379$198$134
47 years$2,118$1,213$663$350$180$120
48 years$2,050$1,158$623$323$164$108
49 years$1,985$1,106$586$299$149$97
50 years$1,923$1,056$550$276$135$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,970,000, adding $2,538 every year, while hoping to spend $32,569 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: 65/22/13 Blend
69$1,970,000$1,970,000$1,970,000$1,970,000
70$2,173,558$2,069,148$2,038,613$2,308,122
71$2,360,608$2,135,883$2,072,253$2,465,062
72$2,565,645$2,204,797$2,105,929$2,632,447
73$2,790,470$2,275,961$2,139,607$2,814,529
74$3,037,066$2,349,451$2,173,252$3,012,741
75$3,307,616$2,425,344$2,206,825$3,228,659
76$3,604,527$2,503,720$2,240,288$3,464,021
77$3,930,449$2,584,661$2,273,597$3,720,737
78$4,288,299$2,668,255$2,306,707$4,000,912
79$4,681,294$2,754,587$2,339,571$4,306,864
80$5,112,975$2,843,752$2,372,136$4,641,144
81$5,587,245$2,935,842$2,404,348$5,006,562
82$6,108,402$3,030,956$2,436,152$5,406,211
83$6,681,181$3,129,195$2,467,486$5,843,499
84$7,310,801$3,230,664$2,498,285$6,322,180
85$8,003,008$3,335,472$2,528,483$6,846,385
86$8,764,134$3,443,730$2,558,007$7,420,668
87$9,601,158$3,555,555$2,586,782$8,050,043
88$10,521,765$3,671,066$2,614,728$8,740,032
89$11,534,425$3,790,388$2,641,761$9,496,720
90$12,648,468$3,913,649$2,667,792$10,326,808
91$13,874,176$4,040,982$2,692,727$11,237,679
92$15,222,876$4,172,524$2,716,468$12,237,465
93$16,707,050$4,308,419$2,738,911$13,335,126
94$18,340,450$4,448,812$2,759,945$14,540,533
95$20,138,230$4,593,858$2,779,457$15,864,559
96$22,117,085$4,743,712$2,797,324$17,319,184
97$24,295,413$4,898,540$2,813,420$18,917,607
98$26,693,486$5,058,509$2,827,610$20,674,370
99$29,333,640$5,223,795$2,839,754$22,605,494
100$32,240,489$5,394,578$2,849,703$24,728,632