Can I retire at age 70 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$153,597$152,229$150,894$149,591$148,319$142,716
2 years$76,038$74,622$73,250$71,919$70,628$65,048
3 years$50,189$48,766$47,397$46,079$44,809$39,428
4 years$37,266$35,848$34,493$33,197$31,958$26,817
5 years$29,515$28,106$26,768$25,499$24,294$19,406
6 years$24,349$22,950$21,633$20,392$19,223$14,591
7 years$20,661$19,274$17,977$16,765$15,634$11,257
8 years$17,896$16,521$15,246$14,064$12,970$8,843
9 years$15,746$14,385$13,131$11,979$10,922$7,041
10 years$14,027$12,679$11,448$10,326$9,306$5,663
11 years$12,622$11,288$10,079$8,987$8,004$4,590
12 years$11,452$10,131$8,945$7,883$6,936$3,744
13 years$10,463$9,156$7,991$6,959$6,048$3,068
14 years$9,615$8,322$7,180$6,178$5,302$2,524
15 years$8,882$7,602$6,483$5,509$4,668$2,083
16 years$8,241$6,975$5,878$4,933$4,126$1,724
17 years$7,675$6,424$5,348$4,432$3,658$1,429
18 years$7,173$5,936$4,882$3,994$3,253$1,187
19 years$6,725$5,501$4,470$3,609$2,899$987
20 years$6,322$5,112$4,102$3,269$2,590$822
21 years$5,957$4,762$3,773$2,967$2,317$685
22 years$5,626$4,445$3,477$2,697$2,077$572
23 years$5,325$4,157$3,211$2,457$1,865$477
24 years$5,049$3,895$2,969$2,241$1,676$398
25 years$4,795$3,655$2,750$2,046$1,508$333
26 years$4,562$3,435$2,551$1,871$1,358$278
27 years$4,346$3,233$2,369$1,713$1,225$233
28 years$4,146$3,047$2,202$1,569$1,105$195
29 years$3,959$2,874$2,049$1,439$998$163
30 years$3,786$2,714$1,909$1,321$902$136
31 years$3,624$2,566$1,779$1,213$815$114
32 years$3,473$2,428$1,660$1,115$737$95
33 years$3,331$2,299$1,550$1,025$667$80
34 years$3,198$2,179$1,448$943$604$67
35 years$3,072$2,067$1,354$868$547$56
36 years$2,954$1,962$1,267$800$496$47
37 years$2,843$1,863$1,186$737$449$39
38 years$2,737$1,771$1,110$679$407$33
39 years$2,637$1,684$1,040$626$369$28
40 years$2,543$1,602$975$577$335$23
41 years$2,453$1,525$914$533$304$19
42 years$2,368$1,452$858$492$276$16
43 years$2,287$1,384$805$454$250$14
44 years$2,210$1,319$755$419$227$11
45 years$2,136$1,258$709$387$206$9
46 years$2,066$1,200$666$358$187$8
47 years$2,000$1,145$626$330$170$7
48 years$1,936$1,093$588$305$154$6
49 years$1,874$1,044$553$282$140$5
50 years$1,816$997$520$261$127$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,860,000, adding $3,687 every year, while hoping to spend $30,197 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: 53/36/11 Blend
69$1,860,000$1,860,000$1,860,000$1,860,000
70$2,053,523$1,954,943$1,926,113$2,156,329
71$2,230,853$2,018,606$1,958,509$2,290,334
72$2,425,259$2,084,376$1,990,977$2,432,483
73$2,638,450$2,152,325$2,023,489$2,586,434
74$2,872,309$2,222,527$2,056,014$2,753,312
75$3,128,912$2,295,058$2,088,518$2,934,353
76$3,410,542$2,369,997$2,120,964$3,130,917
77$3,719,717$2,447,426$2,153,316$3,344,501
78$4,059,208$2,527,430$2,185,532$3,576,752
79$4,432,070$2,610,097$2,217,570$3,829,481
80$4,841,667$2,695,518$2,249,385$4,104,683
81$5,291,705$2,783,786$2,280,927$4,404,552
82$5,786,267$2,874,999$2,312,146$4,731,505
83$6,329,850$2,969,258$2,342,987$5,088,200
84$6,927,411$3,066,668$2,373,393$5,477,564
85$7,584,408$3,167,336$2,403,303$5,902,821
86$8,306,856$3,271,374$2,432,652$6,367,517
87$9,101,383$3,378,899$2,461,373$6,875,561
88$9,975,289$3,490,030$2,489,394$7,431,252
89$10,936,619$3,604,891$2,516,639$8,039,329
90$11,994,235$3,723,612$2,543,028$8,705,008
91$13,157,904$3,846,326$2,568,476$9,434,033
92$14,438,385$3,973,171$2,592,895$10,232,731
93$15,847,535$4,104,291$2,616,191$11,108,069
94$17,398,415$4,239,833$2,638,265$12,067,723
95$19,105,419$4,379,951$2,659,013$13,120,144
96$20,984,408$4,524,804$2,678,326$14,274,645
97$23,052,855$4,674,557$2,696,088$15,541,480
98$25,330,018$4,829,382$2,712,178$16,931,948
99$27,837,113$4,989,455$2,726,470$18,458,493
100$30,597,520$5,154,960$2,738,828$20,134,824