Can I retire at age 70 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$172,590$171,053$169,553$168,089$166,660$164,645
2 years$85,441$83,849$82,307$80,812$79,362$77,335
3 years$56,395$54,797$53,258$51,777$50,350$48,373
4 years$41,874$40,281$38,758$37,302$35,910$33,999
5 years$33,165$31,581$30,078$28,652$27,298$25,458
6 years$27,360$25,788$24,308$22,913$21,600$19,833
7 years$23,215$21,657$20,200$18,838$17,567$15,873
8 years$20,108$18,564$17,131$15,803$14,573$12,953
9 years$17,693$16,163$14,755$13,461$12,273$10,726
10 years$15,762$14,247$12,864$11,603$10,457$8,982
11 years$14,183$12,683$11,325$10,098$8,993$7,589
12 years$12,868$11,384$10,051$8,857$7,794$6,458
13 years$11,757$10,288$8,980$7,820$6,796$5,528
14 years$10,804$9,351$8,068$6,942$5,957$4,755
15 years$9,980$8,543$7,284$6,191$5,245$4,107
16 years$9,259$7,838$6,604$5,543$4,636$3,559
17 years$8,624$7,218$6,010$4,980$4,111$3,093
18 years$8,060$6,670$5,486$4,488$3,655$2,695
19 years$7,556$6,182$5,022$4,056$3,258$2,353
20 years$7,103$5,744$4,609$3,673$2,910$2,058
21 years$6,694$5,351$4,240$3,334$2,604$1,803
22 years$6,322$4,995$3,907$3,031$2,334$1,581
23 years$5,983$4,671$3,608$2,760$2,095$1,389
24 years$5,673$4,377$3,337$2,518$1,883$1,221
25 years$5,388$4,107$3,090$2,299$1,695$1,075
26 years$5,126$3,860$2,866$2,102$1,526$946
27 years$4,883$3,633$2,662$1,924$1,376$834
28 years$4,658$3,423$2,474$1,763$1,242$735
29 years$4,449$3,229$2,302$1,617$1,121$649
30 years$4,254$3,050$2,145$1,484$1,013$573
31 years$4,072$2,883$1,999$1,363$916$506
32 years$3,902$2,728$1,865$1,252$829$447
33 years$3,743$2,584$1,742$1,152$750$395
34 years$3,593$2,449$1,627$1,060$679$349
35 years$3,452$2,322$1,522$975$615$308
36 years$3,319$2,204$1,423$898$557$273
37 years$3,194$2,094$1,332$828$505$241
38 years$3,076$1,990$1,248$763$458$213
39 years$2,964$1,892$1,169$703$415$189
40 years$2,857$1,800$1,096$649$377$167
41 years$2,757$1,714$1,027$599$342$148
42 years$2,661$1,632$964$552$310$131
43 years$2,570$1,555$904$510$281$116
44 years$2,483$1,482$849$471$255$102
45 years$2,401$1,413$797$435$232$91
46 years$2,322$1,348$749$402$210$80
47 years$2,247$1,287$703$371$191$71
48 years$2,175$1,228$661$343$174$63
49 years$2,106$1,173$621$317$158$56
50 years$2,041$1,120$584$293$143$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,090,000, adding $3,870 every year, while hoping to spend $48,417 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: 63/7/30 Blend
69$2,090,000$2,090,000$2,090,000$2,090,000
70$2,307,172$2,196,402$2,164,007$2,433,699
71$2,490,988$2,252,510$2,184,986$2,576,255
72$2,691,931$2,309,745$2,205,045$2,726,310
73$2,911,696$2,368,111$2,224,102$2,889,208
74$3,152,150$2,427,610$2,242,071$3,066,221
75$3,415,350$2,488,243$2,258,861$3,258,746
76$3,703,560$2,550,011$2,274,376$3,468,327
77$4,019,271$2,612,910$2,288,516$3,696,664
78$4,365,231$2,676,936$2,301,176$3,945,628
79$4,744,462$2,742,084$2,312,243$4,217,285
80$5,160,295$2,808,344$2,321,601$4,513,910
81$5,616,398$2,875,706$2,329,127$4,838,011
82$6,116,811$2,944,156$2,334,693$5,192,351
83$6,665,983$3,013,677$2,338,163$5,579,978
84$7,268,817$3,084,250$2,339,395$6,004,248
85$7,930,711$3,155,853$2,338,239$6,468,863
86$8,657,613$3,228,459$2,334,540$6,977,901
87$9,456,075$3,302,040$2,328,132$7,535,859
88$10,333,315$3,376,560$2,318,845$8,147,691
89$11,297,284$3,451,982$2,306,497$8,818,860
90$12,356,742$3,528,264$2,290,900$9,555,385
91$13,521,340$3,605,359$2,271,855$10,363,902
92$14,801,709$3,683,214$2,249,155$11,251,725
93$16,209,563$3,761,772$2,222,581$12,226,913
94$17,757,808$3,840,968$2,191,907$13,298,352
95$19,460,663$3,920,733$2,156,894$14,475,834
96$21,333,792$4,000,991$2,117,292$15,770,154
97$23,394,457$4,081,658$2,072,840$17,193,206
98$25,661,676$4,162,644$2,023,264$18,758,103
99$28,156,402$4,243,848$1,968,278$20,479,298
100$30,901,723$4,325,164$1,907,583$22,372,717