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%16.4%
1 years$172,590$171,053$169,553$168,089$166,660$162,301
2 years$85,441$83,849$82,307$80,812$79,362$75,001
3 years$56,395$54,797$53,258$51,777$50,350$46,123
4 years$41,874$40,281$38,758$37,302$35,910$31,849
5 years$33,165$31,581$30,078$28,652$27,298$23,414
6 years$27,360$25,788$24,308$22,913$21,600$17,897
7 years$23,215$21,657$20,200$18,838$17,567$14,045
8 years$20,108$18,564$17,131$15,803$14,573$11,231
9 years$17,693$16,163$14,755$13,461$12,273$9,107
10 years$15,762$14,247$12,864$11,603$10,457$7,464
11 years$14,183$12,683$11,325$10,098$8,993$6,169
12 years$12,868$11,384$10,051$8,857$7,794$5,132
13 years$11,757$10,288$8,980$7,820$6,796$4,292
14 years$10,804$9,351$8,068$6,942$5,957$3,606
15 years$9,980$8,543$7,284$6,191$5,245$3,040
16 years$9,259$7,838$6,604$5,543$4,636$2,570
17 years$8,624$7,218$6,010$4,980$4,111$2,178
18 years$8,060$6,670$5,486$4,488$3,655$1,850
19 years$7,556$6,182$5,022$4,056$3,258$1,574
20 years$7,103$5,744$4,609$3,673$2,910$1,341
21 years$6,694$5,351$4,240$3,334$2,604$1,144
22 years$6,322$4,995$3,907$3,031$2,334$977
23 years$5,983$4,671$3,608$2,760$2,095$835
24 years$5,673$4,377$3,337$2,518$1,883$714
25 years$5,388$4,107$3,090$2,299$1,695$611
26 years$5,126$3,860$2,866$2,102$1,526$523
27 years$4,883$3,633$2,662$1,924$1,376$448
28 years$4,658$3,423$2,474$1,763$1,242$384
29 years$4,449$3,229$2,302$1,617$1,121$330
30 years$4,254$3,050$2,145$1,484$1,013$283
31 years$4,072$2,883$1,999$1,363$916$242
32 years$3,902$2,728$1,865$1,252$829$208
33 years$3,743$2,584$1,742$1,152$750$178
34 years$3,593$2,449$1,627$1,060$679$153
35 years$3,452$2,322$1,522$975$615$132
36 years$3,319$2,204$1,423$898$557$113
37 years$3,194$2,094$1,332$828$505$97
38 years$3,076$1,990$1,248$763$458$83
39 years$2,964$1,892$1,169$703$415$71
40 years$2,857$1,800$1,096$649$377$61
41 years$2,757$1,714$1,027$599$342$53
42 years$2,661$1,632$964$552$310$45
43 years$2,570$1,555$904$510$281$39
44 years$2,483$1,482$849$471$255$33
45 years$2,401$1,413$797$435$232$29
46 years$2,322$1,348$749$402$210$25
47 years$2,247$1,287$703$371$191$21
48 years$2,175$1,228$661$343$174$18
49 years$2,106$1,173$621$317$158$16
50 years$2,041$1,120$584$293$143$13

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 $3,598 every year, while hoping to spend $39,611 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: 42/29/29 Blend
69$2,090,000$2,090,000$2,090,000$2,090,000
70$2,306,891$2,196,121$2,163,726$2,384,057
71$2,500,048$2,261,585$2,194,065$2,505,528
72$2,711,580$2,328,930$2,224,093$2,633,008
73$2,943,318$2,398,205$2,253,757$2,770,322
74$3,197,281$2,469,461$2,283,003$2,918,403
75$3,475,692$2,542,752$2,311,771$3,078,278
76$3,780,997$2,618,132$2,340,000$3,251,078
77$4,115,893$2,695,655$2,367,625$3,438,047
78$4,483,349$2,775,377$2,394,575$3,640,557
79$4,886,637$2,857,356$2,420,779$3,860,118
80$5,329,358$2,941,651$2,446,160$4,098,391
81$5,815,482$3,028,321$2,470,635$4,357,207
82$6,349,380$3,117,428$2,494,121$4,638,583
83$6,935,869$3,209,034$2,516,525$4,944,740
84$7,580,253$3,303,202$2,537,754$5,278,125
85$8,288,377$3,399,997$2,557,708$5,641,433
86$9,066,680$3,499,486$2,576,280$6,037,632
87$9,922,257$3,601,736$2,593,361$6,469,993
88$10,862,922$3,706,816$2,608,833$6,942,119
89$11,897,285$3,814,795$2,622,574$7,457,981
90$13,034,833$3,925,745$2,634,455$8,021,952
91$14,286,018$4,039,739$2,644,342$8,638,851
92$15,662,356$4,156,849$2,652,090$9,313,988
93$17,176,533$4,277,152$2,657,552$10,053,214
94$18,842,530$4,400,723$2,660,571$10,862,976
95$20,675,749$4,527,640$2,660,981$11,750,376
96$22,693,162$4,657,980$2,658,611$12,723,243
97$24,913,468$4,791,825$2,653,278$13,790,200
98$27,357,272$4,929,255$2,644,793$14,960,754
99$30,047,277$5,070,352$2,632,957$16,245,376
100$33,008,499$5,215,198$2,617,560$17,655,608