Can I retire at age 70 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$156,900$155,503$154,139$152,808$151,509$149,864
2 years$77,673$76,227$74,825$73,465$72,147$70,491
3 years$51,268$49,815$48,417$47,070$45,773$44,157
4 years$38,068$36,619$35,235$33,911$32,646$31,082
5 years$30,150$28,710$27,344$26,047$24,817$23,311
6 years$24,873$23,444$22,098$20,830$19,637$18,189
7 years$21,105$19,688$18,363$17,126$15,970$14,582
8 years$18,280$16,876$15,574$14,366$13,249$11,920
9 years$16,085$14,694$13,414$12,237$11,157$9,888
10 years$14,329$12,952$11,694$10,548$9,506$8,295
11 years$12,894$11,530$10,295$9,180$8,176$7,022
12 years$11,698$10,349$9,137$8,052$7,085$5,987
13 years$10,688$9,353$8,163$7,109$6,178$5,135
14 years$9,822$8,501$7,335$6,310$5,416$4,426
15 years$9,073$7,766$6,622$5,628$4,769$3,830
16 years$8,418$7,125$6,004$5,039$4,214$3,326
17 years$7,840$6,562$5,463$4,528$3,737$2,897
18 years$7,328$6,064$4,987$4,080$3,323$2,529
19 years$6,869$5,620$4,566$3,687$2,962$2,213
20 years$6,457$5,222$4,190$3,339$2,645$1,940
21 years$6,085$4,864$3,854$3,031$2,367$1,703
22 years$5,747$4,540$3,552$2,755$2,122$1,498
23 years$5,439$4,247$3,280$2,509$1,905$1,318
24 years$5,157$3,979$3,033$2,289$1,712$1,162
25 years$4,898$3,734$2,809$2,090$1,541$1,025
26 years$4,660$3,509$2,606$1,911$1,388$904
27 years$4,439$3,303$2,420$1,749$1,251$799
28 years$4,235$3,112$2,249$1,603$1,129$706
29 years$4,045$2,936$2,093$1,470$1,019$625
30 years$3,868$2,773$1,950$1,349$921$553
31 years$3,702$2,621$1,818$1,239$833$489
32 years$3,548$2,480$1,696$1,139$753$433
33 years$3,403$2,349$1,583$1,047$682$384
34 years$3,266$2,226$1,479$963$617$340
35 years$3,138$2,111$1,383$887$559$301
36 years$3,018$2,004$1,294$817$507$267
37 years$2,904$1,903$1,211$752$459$237
38 years$2,796$1,809$1,134$694$416$210
39 years$2,694$1,720$1,063$640$377$186
40 years$2,598$1,636$996$590$342$165
41 years$2,506$1,558$934$544$311$147
42 years$2,419$1,484$876$502$282$130
43 years$2,336$1,414$822$464$256$115
44 years$2,257$1,347$772$428$232$103
45 years$2,182$1,285$725$395$211$91
46 years$2,111$1,226$681$365$191$81
47 years$2,043$1,170$639$337$174$72
48 years$1,977$1,117$601$312$158$64
49 years$1,915$1,066$565$288$143$56
50 years$1,855$1,019$531$266$130$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,900,000, adding $2,558 every year, while hoping to spend $58,898 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: 89/6/5 Blend
69$1,900,000$1,900,000$1,900,000$1,900,000
70$2,096,439$1,995,739$1,966,289$2,283,113
71$2,247,608$2,030,863$1,969,492$2,439,983
72$2,412,223$2,065,734$1,970,829$2,603,887
73$2,591,593$2,100,278$1,970,175$2,782,143
74$2,787,158$2,134,414$1,967,398$2,976,155
75$3,000,504$2,168,056$1,962,362$3,187,464
76$3,233,376$2,201,112$1,954,922$3,417,770
77$3,487,697$2,233,483$1,944,928$3,668,944
78$3,765,580$2,265,062$1,932,222$3,943,044
79$4,069,355$2,295,735$1,916,637$4,242,340
80$4,401,585$2,325,382$1,898,000$4,569,328
81$4,765,093$2,353,872$1,876,129$4,926,762
82$5,162,987$2,381,066$1,850,834$5,317,669
83$5,598,690$2,406,816$1,821,915$5,745,389
84$6,075,970$2,430,964$1,789,162$6,213,596
85$6,598,978$2,453,341$1,752,359$6,726,341
86$7,172,286$2,473,767$1,711,275$7,288,083
87$7,800,928$2,492,050$1,665,672$7,903,737
88$8,490,449$2,507,987$1,615,298$8,578,715
89$9,246,957$2,521,361$1,559,893$9,318,980
90$10,077,179$2,531,939$1,499,182$10,131,103
91$10,988,525$2,539,478$1,432,878$11,022,321
92$11,989,158$2,543,716$1,360,683$12,000,608
93$13,088,069$2,544,375$1,282,282$13,074,749
94$14,295,164$2,541,161$1,197,350$14,254,425
95$15,621,354$2,533,761$1,105,545$15,550,299
96$17,078,659$2,521,843$1,006,508$16,974,124
97$18,680,324$2,505,055$899,867$18,538,847
98$20,440,937$2,483,022$785,233$20,258,732
99$22,376,572$2,455,350$662,198$22,149,500
100$24,504,938$2,421,617$530,337$24,228,470