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

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$164,332$162,869$161,440$160,046$158,685$154,598
2 years$81,353$79,838$78,369$76,945$75,564$71,474
3 years$53,696$52,175$50,710$49,300$47,941$43,975
4 years$39,871$38,354$36,904$35,518$34,192$30,381
5 years$31,578$30,070$28,639$27,281$25,992$22,347
6 years$26,051$24,554$23,145$21,817$20,567$17,091
7 years$22,105$20,621$19,233$17,937$16,726$13,420
8 years$19,146$17,676$16,311$15,047$13,876$10,738
9 years$16,847$15,390$14,049$12,816$11,686$8,712
10 years$15,008$13,565$12,248$11,048$9,957$7,145
11 years$13,504$12,077$10,783$9,615$8,563$5,909
12 years$12,253$10,839$9,570$8,434$7,421$4,919
13 years$11,194$9,796$8,550$7,446$6,471$4,117
14 years$10,288$8,904$7,682$6,609$5,672$3,461
15 years$9,503$8,134$6,936$5,894$4,994$2,919
16 years$8,816$7,463$6,288$5,278$4,414$2,470
17 years$8,212$6,873$5,722$4,742$3,914$2,095
18 years$7,675$6,351$5,224$4,274$3,480$1,781
19 years$7,195$5,886$4,782$3,862$3,102$1,516
20 years$6,763$5,469$4,389$3,497$2,771$1,293
21 years$6,374$5,095$4,037$3,174$2,479$1,104
22 years$6,020$4,756$3,720$2,886$2,222$943
23 years$5,697$4,448$3,435$2,628$1,995$807
24 years$5,402$4,167$3,177$2,397$1,793$691
25 years$5,131$3,911$2,943$2,189$1,614$592
26 years$4,881$3,676$2,729$2,002$1,453$507
27 years$4,649$3,459$2,534$1,832$1,310$435
28 years$4,435$3,259$2,356$1,679$1,182$373
29 years$4,236$3,075$2,192$1,539$1,068$320
30 years$4,051$2,904$2,042$1,413$965$275
31 years$3,878$2,745$1,904$1,298$872$236
32 years$3,716$2,598$1,776$1,192$789$202
33 years$3,564$2,460$1,658$1,097$714$174
34 years$3,421$2,331$1,550$1,009$646$149
35 years$3,287$2,211$1,449$929$586$128
36 years$3,161$2,099$1,355$855$530$110
37 years$3,041$1,993$1,269$788$481$95
38 years$2,928$1,894$1,188$726$436$81
39 years$2,822$1,801$1,113$670$395$70
40 years$2,721$1,714$1,043$618$359$60
41 years$2,625$1,632$978$570$325$52
42 years$2,534$1,554$918$526$295$44
43 years$2,447$1,480$861$486$268$38
44 years$2,364$1,411$808$448$243$33
45 years$2,286$1,346$759$414$221$28
46 years$2,211$1,284$713$382$200$24
47 years$2,139$1,225$670$353$182$21
48 years$2,071$1,170$629$327$165$18
49 years$2,006$1,117$591$302$150$15
50 years$1,943$1,067$556$279$136$13

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 $4,873 every year, while hoping to spend $26,934 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: 45/33/22 Blend
69$1,990,000$1,990,000$1,990,000$1,990,000
70$2,198,006$2,092,536$2,061,691$2,282,783
71$2,393,546$2,166,413$2,102,101$2,416,851
72$2,608,127$2,243,007$2,142,961$2,559,130
73$2,843,664$2,322,423$2,184,258$2,712,879
74$3,102,266$2,404,770$2,225,979$2,879,178
75$3,386,255$2,490,161$2,268,107$3,059,215
76$3,698,188$2,578,714$2,310,624$3,254,295
77$4,040,885$2,670,553$2,353,511$3,465,855
78$4,417,449$2,765,804$2,396,748$3,695,472
79$4,831,301$2,864,600$2,440,311$3,944,885
80$5,286,209$2,967,081$2,484,177$4,216,004
81$5,786,325$3,073,390$2,528,319$4,510,931
82$6,336,221$3,183,677$2,572,709$4,831,981
83$6,940,937$3,298,099$2,617,316$5,181,700
84$7,606,024$3,416,818$2,662,107$5,562,889
85$8,337,599$3,540,002$2,707,049$5,978,632
86$9,142,401$3,667,829$2,752,102$6,432,324
87$10,027,856$3,800,483$2,797,227$6,927,701
88$11,002,144$3,938,153$2,842,381$7,468,878
89$12,074,280$4,081,041$2,887,518$8,060,382
90$13,254,197$4,229,351$2,932,590$8,707,201
91$14,552,838$4,383,302$2,977,545$9,414,825
92$15,982,261$4,543,118$3,022,327$10,189,298
93$17,555,755$4,709,034$3,066,877$11,037,278
94$19,287,958$4,881,293$3,111,134$11,966,096
95$21,195,005$5,060,151$3,155,032$12,983,824
96$23,294,669$5,245,873$3,198,500$14,099,354
97$25,606,540$5,438,735$3,241,464$15,322,479
98$28,152,199$5,639,025$3,283,845$16,663,982
99$30,955,430$5,847,044$3,325,560$18,135,744
100$34,042,440$6,063,104$3,366,522$19,750,849