Can I retire at age 70 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$158,552$157,140$155,762$154,417$153,103$150,012
2 years$78,491$77,029$75,612$74,239$72,906$69,806
3 years$51,808$50,339$48,926$47,566$46,255$43,241
4 years$38,468$37,005$35,606$34,268$32,989$30,086
5 years$30,467$29,012$27,632$26,321$25,078$22,293
6 years$25,135$23,691$22,330$21,049$19,843$17,180
7 years$21,327$19,895$18,557$17,306$16,138$13,597
8 years$18,473$17,054$15,738$14,517$13,388$10,969
9 years$16,254$14,849$13,555$12,366$11,275$8,975
10 years$14,480$13,088$11,817$10,659$9,607$7,425
11 years$13,029$11,652$10,404$9,277$8,262$6,195
12 years$11,822$10,458$9,233$8,137$7,160$5,205
13 years$10,800$9,451$8,249$7,184$6,243$4,397
14 years$9,926$8,591$7,412$6,377$5,473$3,731
15 years$9,168$7,848$6,692$5,687$4,819$3,179
16 years$8,506$7,200$6,067$5,092$4,259$2,716
17 years$7,923$6,631$5,521$4,575$3,776$2,328
18 years$7,405$6,127$5,040$4,123$3,358$1,999
19 years$6,942$5,679$4,614$3,726$2,993$1,720
20 years$6,525$5,277$4,234$3,374$2,673$1,482
21 years$6,149$4,915$3,895$3,062$2,392$1,279
22 years$5,808$4,588$3,590$2,784$2,144$1,105
23 years$5,497$4,291$3,314$2,536$1,925$955
24 years$5,212$4,021$3,065$2,313$1,730$827
25 years$4,950$3,773$2,839$2,112$1,557$716
26 years$4,709$3,546$2,633$1,931$1,402$621
27 years$4,486$3,337$2,445$1,768$1,264$538
28 years$4,279$3,145$2,273$1,620$1,141$467
29 years$4,087$2,967$2,115$1,485$1,030$405
30 years$3,908$2,802$1,970$1,363$931$352
31 years$3,741$2,649$1,837$1,252$841$306
32 years$3,585$2,506$1,714$1,151$761$266
33 years$3,438$2,373$1,600$1,058$689$231
34 years$3,301$2,249$1,495$973$624$201
35 years$3,171$2,134$1,398$896$565$174
36 years$3,049$2,025$1,308$825$512$152
37 years$2,934$1,923$1,224$760$464$132
38 years$2,825$1,828$1,146$701$421$115
39 years$2,723$1,738$1,074$646$381$100
40 years$2,625$1,654$1,006$596$346$87
41 years$2,532$1,574$944$550$314$75
42 years$2,444$1,499$885$508$285$66
43 years$2,361$1,428$831$469$258$57
44 years$2,281$1,362$780$433$235$50
45 years$2,205$1,298$732$400$213$43
46 years$2,133$1,239$688$369$193$38
47 years$2,064$1,182$646$341$176$33
48 years$1,998$1,128$607$315$159$28
49 years$1,935$1,078$571$291$145$25
50 years$1,875$1,029$536$269$132$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,920,000, adding $2,106 every year, while hoping to spend $53,464 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: 69/6/25 Blend
69$1,920,000$1,920,000$1,920,000$1,920,000
70$2,118,012$2,016,252$1,986,492$2,250,480
71$2,277,164$2,058,163$1,996,155$2,381,455
72$2,450,758$2,100,336$2,004,349$2,518,370
73$2,640,210$2,142,727$2,010,969$2,666,955
74$2,847,079$2,185,289$2,015,904$2,828,364
75$3,073,082$2,227,969$2,019,038$3,003,869
76$3,320,110$2,270,713$2,020,249$3,194,872
77$3,590,241$2,313,458$2,019,407$3,402,919
78$3,885,768$2,356,139$2,016,380$3,629,712
79$4,209,212$2,398,686$2,011,024$3,877,128
80$4,563,350$2,441,020$2,003,192$4,147,236
81$4,951,242$2,483,061$1,992,730$4,442,318
82$5,376,256$2,524,717$1,979,473$4,764,886
83$5,842,100$2,565,895$1,963,252$5,117,711
84$6,352,861$2,606,490$1,943,887$5,503,848
85$6,913,038$2,646,393$1,921,192$5,926,662
86$7,527,587$2,685,485$1,894,971$6,389,864
87$8,201,966$2,723,640$1,865,018$6,897,544
88$8,942,189$2,760,720$1,831,118$7,454,210
89$9,754,878$2,796,582$1,793,047$8,064,831
90$10,647,331$2,831,069$1,750,569$8,734,885
91$11,627,583$2,864,016$1,703,438$9,470,410
92$12,704,489$2,895,246$1,651,395$10,278,059
93$13,887,803$2,924,568$1,594,173$11,165,168
94$15,188,269$2,951,783$1,531,488$12,139,824
95$16,617,727$2,976,674$1,463,047$13,210,936
96$18,189,217$2,999,013$1,388,541$14,388,330
97$19,917,108$3,018,556$1,307,648$15,682,831
98$21,817,230$3,035,043$1,220,032$17,106,374
99$23,907,026$3,048,198$1,125,341$18,672,113
100$26,205,710$3,057,727$1,023,208$20,394,546