Can I retire at age 70 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$164,332$162,869$161,440$160,046$158,685$154,411
2 years$81,353$79,838$78,369$76,945$75,564$71,288
3 years$53,696$52,175$50,710$49,300$47,941$43,798
4 years$39,871$38,354$36,904$35,518$34,192$30,213
5 years$31,578$30,070$28,639$27,281$25,992$22,188
6 years$26,051$24,554$23,145$21,817$20,567$16,941
7 years$22,105$20,621$19,233$17,937$16,726$13,280
8 years$19,146$17,676$16,311$15,047$13,876$10,607
9 years$16,847$15,390$14,049$12,816$11,686$8,591
10 years$15,008$13,565$12,248$11,048$9,957$7,032
11 years$13,504$12,077$10,783$9,615$8,563$5,804
12 years$12,253$10,839$9,570$8,434$7,421$4,822
13 years$11,194$9,796$8,550$7,446$6,471$4,028
14 years$10,288$8,904$7,682$6,609$5,672$3,379
15 years$9,503$8,134$6,936$5,894$4,994$2,845
16 years$8,816$7,463$6,288$5,278$4,414$2,402
17 years$8,212$6,873$5,722$4,742$3,914$2,033
18 years$7,675$6,351$5,224$4,274$3,480$1,724
19 years$7,195$5,886$4,782$3,862$3,102$1,464
20 years$6,763$5,469$4,389$3,497$2,771$1,246
21 years$6,374$5,095$4,037$3,174$2,479$1,061
22 years$6,020$4,756$3,720$2,886$2,222$905
23 years$5,697$4,448$3,435$2,628$1,995$772
24 years$5,402$4,167$3,177$2,397$1,793$659
25 years$5,131$3,911$2,943$2,189$1,614$563
26 years$4,881$3,676$2,729$2,002$1,453$482
27 years$4,649$3,459$2,534$1,832$1,310$412
28 years$4,435$3,259$2,356$1,679$1,182$352
29 years$4,236$3,075$2,192$1,539$1,068$302
30 years$4,051$2,904$2,042$1,413$965$258
31 years$3,878$2,745$1,904$1,298$872$221
32 years$3,716$2,598$1,776$1,192$789$190
33 years$3,564$2,460$1,658$1,097$714$162
34 years$3,421$2,331$1,550$1,009$646$139
35 years$3,287$2,211$1,449$929$586$119
36 years$3,161$2,099$1,355$855$530$102
37 years$3,041$1,993$1,269$788$481$88
38 years$2,928$1,894$1,188$726$436$75
39 years$2,822$1,801$1,113$670$395$64
40 years$2,721$1,714$1,043$618$359$55
41 years$2,625$1,632$978$570$325$47
42 years$2,534$1,554$918$526$295$41
43 years$2,447$1,480$861$486$268$35
44 years$2,364$1,411$808$448$243$30
45 years$2,286$1,346$759$414$221$26
46 years$2,211$1,284$713$382$200$22
47 years$2,139$1,225$670$353$182$19
48 years$2,071$1,170$629$327$165$16
49 years$2,006$1,117$591$302$150$14
50 years$1,943$1,067$556$279$136$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,990,000, adding $6,664 every year, while hoping to spend $35,331 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: 36/42/22 Blend
69$1,990,000$1,990,000$1,990,000$1,990,000
70$2,199,854$2,094,384$2,063,539$2,264,212
71$2,386,647$2,159,417$2,095,076$2,377,015
72$2,591,309$2,226,452$2,126,485$2,494,961
73$2,815,625$2,295,551$2,157,724$2,621,577
74$3,061,561$2,366,775$2,188,751$2,757,661
75$3,331,284$2,440,190$2,219,517$2,904,090
76$3,627,177$2,515,862$2,249,973$3,061,827
77$3,951,869$2,593,859$2,280,067$3,231,935
78$4,308,253$2,674,251$2,309,742$3,415,578
79$4,699,516$2,757,112$2,338,941$3,614,041
80$5,129,172$2,842,515$2,367,600$3,828,735
81$5,601,086$2,930,537$2,395,653$4,061,214
82$6,119,521$3,021,258$2,423,032$4,313,186
83$6,689,171$3,114,758$2,449,662$4,586,535
84$7,315,207$3,211,122$2,475,467$4,883,330
85$8,003,327$3,310,435$2,500,363$5,205,852
86$8,759,807$3,412,787$2,524,266$5,556,610
87$9,591,562$3,518,269$2,547,084$5,938,367
88$10,506,211$3,626,974$2,568,721$6,354,165
89$11,512,149$3,738,999$2,589,077$6,807,355
90$12,618,622$3,854,445$2,608,045$7,301,625
91$13,835,821$3,973,412$2,625,515$7,841,037
92$15,174,973$4,096,007$2,641,367$8,430,065
93$16,648,447$4,222,338$2,655,480$9,073,636
94$18,269,872$4,352,517$2,667,722$9,777,177
95$20,054,267$4,486,657$2,677,958$10,546,665
96$22,018,176$4,624,878$2,686,044$11,388,684
97$24,179,834$4,767,300$2,691,830$12,310,487
98$26,559,328$4,914,049$2,695,158$13,320,063
99$29,178,795$5,065,253$2,695,861$14,426,212
100$32,062,626$5,221,044$2,693,766$15,638,630