Can I retire at age 70 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$154,423$153,047$151,705$150,395$149,116$144,924
2 years$76,447$75,023$73,643$72,306$71,008$66,816
3 years$50,458$49,028$47,652$46,327$45,050$40,990
4 years$37,467$36,041$34,679$33,376$32,130$28,233
5 years$29,674$28,257$26,912$25,636$24,425$20,702
6 years$24,480$23,074$21,749$20,501$19,327$15,781
7 years$20,772$19,377$18,073$16,855$15,718$12,349
8 years$17,992$16,610$15,328$14,139$13,039$9,846
9 years$15,831$14,462$13,202$12,044$10,981$7,960
10 years$14,103$12,747$11,510$10,382$9,356$6,504
11 years$12,690$11,348$10,133$9,035$8,047$5,358
12 years$11,514$10,186$8,993$7,925$6,973$4,443
13 years$10,519$9,205$8,034$6,997$6,081$3,703
14 years$9,667$8,367$7,219$6,211$5,330$3,100
15 years$8,930$7,643$6,518$5,539$4,693$2,604
16 years$8,285$7,013$5,909$4,960$4,148$2,194
17 years$7,716$6,458$5,377$4,456$3,678$1,853
18 years$7,212$5,968$4,909$4,016$3,270$1,568
19 years$6,761$5,531$4,494$3,629$2,915$1,329
20 years$6,356$5,140$4,124$3,286$2,604$1,128
21 years$5,989$4,787$3,793$2,983$2,330$959
22 years$5,657$4,469$3,496$2,712$2,088$815
23 years$5,354$4,180$3,228$2,470$1,875$694
24 years$5,076$3,916$2,985$2,253$1,685$591
25 years$4,821$3,675$2,765$2,057$1,516$504
26 years$4,586$3,454$2,564$1,881$1,366$430
27 years$4,369$3,251$2,381$1,722$1,231$367
28 years$4,168$3,063$2,214$1,577$1,111$313
29 years$3,981$2,890$2,060$1,447$1,003$267
30 years$3,807$2,729$1,919$1,328$907$228
31 years$3,644$2,580$1,789$1,219$820$195
32 years$3,492$2,441$1,669$1,121$741$167
33 years$3,349$2,312$1,558$1,030$671$142
34 years$3,215$2,191$1,456$948$607$122
35 years$3,089$2,078$1,361$873$550$104
36 years$2,970$1,972$1,274$804$499$89
37 years$2,858$1,873$1,192$741$452$76
38 years$2,752$1,780$1,116$683$410$65
39 years$2,652$1,693$1,046$629$371$56
40 years$2,557$1,611$980$581$337$48
41 years$2,466$1,533$919$536$306$41
42 years$2,381$1,460$862$494$277$35
43 years$2,299$1,391$809$456$252$30
44 years$2,222$1,326$759$421$228$25
45 years$2,148$1,265$713$389$207$22
46 years$2,078$1,206$670$359$188$19
47 years$2,010$1,151$629$332$171$16
48 years$1,946$1,099$591$307$155$14
49 years$1,885$1,049$556$284$141$12
50 years$1,826$1,002$523$262$128$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,870,000, adding $4,806 every year, while hoping to spend $55,841 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: 60/14/26 Blend
69$1,870,000$1,870,000$1,870,000$1,870,000
70$2,065,697$1,966,587$1,937,602$2,174,925
71$2,216,984$2,003,536$1,943,098$2,286,800
72$2,381,831$2,040,423$1,946,906$2,402,381
73$2,561,561$2,077,187$1,948,910$2,527,305
74$2,757,632$2,113,762$1,948,991$2,662,493
75$2,971,649$2,150,074$1,947,021$2,808,962
76$3,205,377$2,186,047$1,942,865$2,967,832
77$3,460,759$2,221,598$1,936,385$3,140,338
78$3,739,936$2,256,636$1,927,434$3,327,843
79$4,045,264$2,291,065$1,915,857$3,531,850
80$4,379,336$2,324,783$1,901,494$3,754,015
81$4,745,010$2,357,679$1,884,175$3,996,166
82$5,145,431$2,389,634$1,863,725$4,260,318
83$5,584,062$2,420,524$1,839,956$4,548,692
84$6,064,717$2,450,211$1,812,677$4,863,740
85$6,591,599$2,478,552$1,781,682$5,208,163
86$7,169,334$2,505,392$1,746,760$5,584,940
87$7,803,017$2,530,568$1,707,688$5,997,359
88$8,498,262$2,553,903$1,664,232$6,449,041
89$9,261,252$2,575,211$1,616,151$6,943,982
90$10,098,795$2,594,292$1,563,187$7,486,587
91$11,018,394$2,610,934$1,505,076$8,081,714
92$12,028,312$2,624,911$1,441,538$8,734,718
93$13,137,652$2,635,984$1,372,281$9,451,506
94$14,356,442$2,643,897$1,297,002$10,238,588
95$15,695,729$2,648,378$1,215,382$11,103,143
96$17,167,683$2,649,138$1,127,087$12,053,088
97$18,785,713$2,645,873$1,031,771$13,097,150
98$20,564,591$2,638,255$929,070$14,244,950
99$22,520,590$2,625,940$818,605$15,507,097
100$24,671,641$2,608,562$699,979$16,895,286