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%16.2%
1 years$172,590$171,053$169,553$168,089$166,660$162,433
2 years$85,441$83,849$82,307$80,812$79,362$75,131
3 years$56,395$54,797$53,258$51,777$50,350$46,248
4 years$41,874$40,281$38,758$37,302$35,910$31,967
5 years$33,165$31,581$30,078$28,652$27,298$23,526
6 years$27,360$25,788$24,308$22,913$21,600$18,002
7 years$23,215$21,657$20,200$18,838$17,567$14,144
8 years$20,108$18,564$17,131$15,803$14,573$11,323
9 years$17,693$16,163$14,755$13,461$12,273$9,193
10 years$15,762$14,247$12,864$11,603$10,457$7,544
11 years$14,183$12,683$11,325$10,098$8,993$6,243
12 years$12,868$11,384$10,051$8,857$7,794$5,200
13 years$11,757$10,288$8,980$7,820$6,796$4,355
14 years$10,804$9,351$8,068$6,942$5,957$3,664
15 years$9,980$8,543$7,284$6,191$5,245$3,093
16 years$9,259$7,838$6,604$5,543$4,636$2,619
17 years$8,624$7,218$6,010$4,980$4,111$2,223
18 years$8,060$6,670$5,486$4,488$3,655$1,891
19 years$7,556$6,182$5,022$4,056$3,258$1,611
20 years$7,103$5,744$4,609$3,673$2,910$1,375
21 years$6,694$5,351$4,240$3,334$2,604$1,174
22 years$6,322$4,995$3,907$3,031$2,334$1,004
23 years$5,983$4,671$3,608$2,760$2,095$860
24 years$5,673$4,377$3,337$2,518$1,883$737
25 years$5,388$4,107$3,090$2,299$1,695$631
26 years$5,126$3,860$2,866$2,102$1,526$542
27 years$4,883$3,633$2,662$1,924$1,376$465
28 years$4,658$3,423$2,474$1,763$1,242$399
29 years$4,449$3,229$2,302$1,617$1,121$343
30 years$4,254$3,050$2,145$1,484$1,013$294
31 years$4,072$2,883$1,999$1,363$916$253
32 years$3,902$2,728$1,865$1,252$829$217
33 years$3,743$2,584$1,742$1,152$750$187
34 years$3,593$2,449$1,627$1,060$679$161
35 years$3,452$2,322$1,522$975$615$138
36 years$3,319$2,204$1,423$898$557$119
37 years$3,194$2,094$1,332$828$505$102
38 years$3,076$1,990$1,248$763$458$88
39 years$2,964$1,892$1,169$703$415$76
40 years$2,857$1,800$1,096$649$377$65
41 years$2,757$1,714$1,027$599$342$56
42 years$2,661$1,632$964$552$310$48
43 years$2,570$1,555$904$510$281$41
44 years$2,483$1,482$849$471$255$36
45 years$2,401$1,413$797$435$232$31
46 years$2,322$1,348$749$402$210$26
47 years$2,247$1,287$703$371$191$23
48 years$2,175$1,228$661$343$174$20
49 years$2,106$1,173$621$317$158$17
50 years$2,041$1,120$584$293$143$14

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 $2,950 every year, while hoping to spend $42,081 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: 45/37/18 Blend
69$2,090,000$2,090,000$2,090,000$2,090,000
70$2,306,223$2,195,453$2,163,058$2,397,958
71$2,496,684$2,258,256$2,190,747$2,525,284
72$2,705,161$2,322,727$2,217,952$2,658,851
73$2,933,449$2,388,901$2,244,615$2,802,805
74$3,183,521$2,456,818$2,270,670$2,958,128
75$3,457,552$2,526,514$2,296,049$3,125,901
76$3,757,939$2,598,029$2,320,683$3,307,314
77$4,087,317$2,671,401$2,344,495$3,503,676
78$4,448,593$2,746,670$2,367,405$3,716,428
79$4,844,968$2,823,874$2,389,331$3,947,157
80$5,279,964$2,903,054$2,410,184$4,197,610
81$5,757,466$2,984,250$2,429,870$4,469,711
82$6,281,750$3,067,500$2,448,293$4,765,577
83$6,857,527$3,152,846$2,465,350$5,087,542
84$7,489,988$3,240,328$2,480,931$5,438,176
85$8,184,848$3,329,986$2,494,924$5,820,307
86$8,948,407$3,421,860$2,507,208$6,237,052
87$9,787,603$3,515,989$2,517,658$6,691,845
88$10,710,080$3,612,415$2,526,142$7,188,468
89$11,724,261$3,711,176$2,532,520$7,731,086
90$12,839,423$3,812,311$2,536,647$8,324,289
91$14,065,790$3,915,859$2,538,370$8,973,133
92$15,414,623$4,021,859$2,537,528$9,683,189
93$16,898,332$4,130,348$2,533,953$10,460,592
94$18,530,589$4,241,362$2,527,468$11,312,105
95$20,326,458$4,354,938$2,517,887$12,245,178
96$22,302,537$4,471,110$2,505,016$13,268,019
97$24,477,113$4,589,912$2,488,652$14,389,673
98$26,870,337$4,711,376$2,468,580$15,620,104
99$29,504,412$4,835,534$2,444,578$16,970,294
100$32,403,802$4,962,414$2,416,411$18,452,343