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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.3%
1 years$162,681$161,232$159,818$158,438$157,091$155,580
2 years$80,535$79,035$77,582$76,172$74,805$73,283
3 years$53,157$51,650$50,200$48,804$47,459$45,973
4 years$39,470$37,968$36,533$35,161$33,848$32,410
5 years$31,260$29,768$28,351$27,007$25,731$24,344
6 years$25,789$24,308$22,912$21,598$20,360$19,027
7 years$21,883$20,413$19,040$17,757$16,558$15,279
8 years$18,954$17,498$16,147$14,896$13,737$12,511
9 years$16,677$15,235$13,908$12,688$11,568$10,396
10 years$14,857$13,429$12,125$10,937$9,857$8,738
11 years$13,369$11,955$10,675$9,518$8,477$7,410
12 years$12,129$10,730$9,474$8,349$7,346$6,330
13 years$11,082$9,697$8,464$7,371$6,406$5,440
14 years$10,184$8,814$7,605$6,543$5,615$4,698
15 years$9,407$8,052$6,866$5,835$4,944$4,074
16 years$8,728$7,388$6,225$5,225$4,370$3,545
17 years$8,129$6,804$5,665$4,694$3,875$3,094
18 years$7,598$6,287$5,171$4,231$3,445$2,707
19 years$7,122$5,827$4,734$3,823$3,071$2,374
20 years$6,695$5,414$4,345$3,462$2,743$2,085
21 years$6,310$5,043$3,996$3,142$2,454$1,835
22 years$5,959$4,708$3,683$2,857$2,200$1,617
23 years$5,640$4,403$3,401$2,602$1,975$1,427
24 years$5,347$4,125$3,145$2,373$1,775$1,260
25 years$5,079$3,871$2,913$2,167$1,597$1,114
26 years$4,831$3,639$2,702$1,982$1,439$986
27 years$4,603$3,424$2,509$1,814$1,297$873
28 years$4,391$3,227$2,332$1,662$1,170$773
29 years$4,194$3,044$2,170$1,524$1,057$686
30 years$4,010$2,875$2,022$1,399$955$608
31 years$3,839$2,718$1,885$1,285$863$540
32 years$3,678$2,571$1,758$1,180$781$479
33 years$3,528$2,435$1,642$1,086$707$425
34 years$3,387$2,308$1,534$999$640$378
35 years$3,254$2,189$1,434$919$580$336
36 years$3,129$2,078$1,342$847$525$298
37 years$3,011$1,973$1,256$780$476$265
38 years$2,899$1,875$1,176$719$432$236
39 years$2,793$1,783$1,102$663$391$210
40 years$2,693$1,697$1,033$612$355$187
41 years$2,598$1,615$968$564$322$166
42 years$2,508$1,538$908$521$292$148
43 years$2,422$1,466$852$481$265$131
44 years$2,341$1,397$800$444$241$117
45 years$2,263$1,332$751$410$219$104
46 years$2,189$1,271$706$379$198$93
47 years$2,118$1,213$663$350$180$82
48 years$2,050$1,158$623$323$164$73
49 years$1,985$1,106$586$299$149$65
50 years$1,923$1,056$550$276$135$58

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 $5,506 every year, while hoping to spend $38,937 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: 87/7/6 Blend
69$1,970,000$1,970,000$1,970,000$1,970,000
70$2,176,619$2,072,209$2,041,674$2,365,044
71$2,357,206$2,132,319$2,068,642$2,548,702
72$2,554,907$2,194,069$2,095,208$2,744,551
73$2,771,428$2,257,499$2,121,317$2,958,541
74$3,008,645$2,322,648$2,146,913$3,192,473
75$3,268,627$2,389,557$2,171,934$3,448,327
76$3,553,649$2,458,267$2,196,316$3,728,286
77$3,866,219$2,528,821$2,219,991$4,034,752
78$4,209,100$2,601,259$2,242,887$4,370,372
79$4,585,333$2,675,626$2,264,928$4,738,062
80$4,998,269$2,751,964$2,286,036$5,141,032
81$5,451,600$2,830,317$2,306,125$5,582,820
82$5,949,390$2,910,730$2,325,108$6,067,322
83$6,496,120$2,993,248$2,342,891$6,598,828
84$7,096,723$3,077,916$2,359,377$7,182,068
85$7,756,635$3,164,779$2,374,462$7,822,249
86$8,481,843$3,253,885$2,388,037$8,525,110
87$9,278,944$3,345,278$2,399,989$9,296,970
88$10,155,205$3,439,006$2,410,199$10,144,795
89$11,118,635$3,535,116$2,418,539$11,076,256
90$12,178,054$3,633,655$2,424,878$12,099,807
91$13,343,180$3,734,669$2,429,077$13,224,760
92$14,624,724$3,838,207$2,430,990$14,461,376
93$16,034,481$3,944,315$2,430,464$15,820,962
94$17,585,452$4,053,040$2,427,338$17,315,973
95$19,291,959$4,164,430$2,421,445$18,960,134
96$21,169,783$4,278,531$2,412,607$20,768,568
97$23,236,311$4,395,389$2,400,639$22,757,937
98$25,510,702$4,515,050$2,385,348$24,946,600
99$28,014,065$4,637,560$2,366,529$27,354,788
100$30,769,662$4,762,962$2,343,970$30,004,791