Can I retire at age 70 with 1,990,000?

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 $1,990,000?

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$164,332$162,869$161,440$160,046$158,685$156,963
2 years$81,353$79,838$78,369$76,945$75,564$73,830
3 years$53,696$52,175$50,710$49,300$47,941$46,249
4 years$39,871$38,354$36,904$35,518$34,192$32,555
5 years$31,578$30,070$28,639$27,281$25,992$24,415
6 years$26,051$24,554$23,145$21,817$20,567$19,051
7 years$22,105$20,621$19,233$17,937$16,726$15,273
8 years$19,146$17,676$16,311$15,047$13,876$12,485
9 years$16,847$15,390$14,049$12,816$11,686$10,356
10 years$15,008$13,565$12,248$11,048$9,957$8,688
11 years$13,504$12,077$10,783$9,615$8,563$7,355
12 years$12,253$10,839$9,570$8,434$7,421$6,271
13 years$11,194$9,796$8,550$7,446$6,471$5,378
14 years$10,288$8,904$7,682$6,609$5,672$4,635
15 years$9,503$8,134$6,936$5,894$4,994$4,011
16 years$8,816$7,463$6,288$5,278$4,414$3,483
17 years$8,212$6,873$5,722$4,742$3,914$3,034
18 years$7,675$6,351$5,224$4,274$3,480$2,649
19 years$7,195$5,886$4,782$3,862$3,102$2,318
20 years$6,763$5,469$4,389$3,497$2,771$2,032
21 years$6,374$5,095$4,037$3,174$2,479$1,784
22 years$6,020$4,756$3,720$2,886$2,222$1,568
23 years$5,697$4,448$3,435$2,628$1,995$1,381
24 years$5,402$4,167$3,177$2,397$1,793$1,217
25 years$5,131$3,911$2,943$2,189$1,614$1,073
26 years$4,881$3,676$2,729$2,002$1,453$947
27 years$4,649$3,459$2,534$1,832$1,310$837
28 years$4,435$3,259$2,356$1,679$1,182$740
29 years$4,236$3,075$2,192$1,539$1,068$654
30 years$4,051$2,904$2,042$1,413$965$579
31 years$3,878$2,745$1,904$1,298$872$512
32 years$3,716$2,598$1,776$1,192$789$454
33 years$3,564$2,460$1,658$1,097$714$402
34 years$3,421$2,331$1,550$1,009$646$356
35 years$3,287$2,211$1,449$929$586$316
36 years$3,161$2,099$1,355$855$530$280
37 years$3,041$1,993$1,269$788$481$248
38 years$2,928$1,894$1,188$726$436$220
39 years$2,822$1,801$1,113$670$395$195
40 years$2,721$1,714$1,043$618$359$173
41 years$2,625$1,632$978$570$325$154
42 years$2,534$1,554$918$526$295$136
43 years$2,447$1,480$861$486$268$121
44 years$2,364$1,411$808$448$243$107
45 years$2,286$1,346$759$414$221$95
46 years$2,211$1,284$713$382$200$85
47 years$2,139$1,225$670$353$182$75
48 years$2,071$1,170$629$327$165$67
49 years$2,006$1,117$591$302$150$59
50 years$1,943$1,067$556$279$136$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $1,990,000, adding $3,611 every year, while hoping to spend $45,933 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: 83/10/7 Blend
69$1,990,000$1,990,000$1,990,000$1,990,000
70$2,196,705$2,091,235$2,060,390$2,377,325
71$2,371,896$2,144,833$2,080,540$2,549,480
72$2,563,418$2,199,518$2,099,827$2,731,930
73$2,772,887$2,255,294$2,118,171$2,930,847
74$3,002,083$2,312,166$2,135,492$3,147,853
75$3,252,968$2,370,135$2,151,704$3,384,737
76$3,527,701$2,429,201$2,166,715$3,643,466
77$3,828,659$2,489,364$2,180,433$3,926,209
78$4,158,459$2,550,621$2,192,755$4,235,352
79$4,519,987$2,612,966$2,203,577$4,573,526
80$4,916,418$2,676,393$2,212,789$4,943,627
81$5,351,250$2,740,894$2,220,274$5,348,844
82$5,828,335$2,806,455$2,225,911$5,792,693
83$6,351,917$2,873,063$2,229,571$6,279,044
84$6,926,671$2,940,702$2,231,120$6,812,161
85$7,557,746$3,009,351$2,230,418$7,396,742
86$8,250,814$3,078,988$2,227,315$8,037,963
87$9,012,124$3,149,585$2,221,656$8,741,524
88$9,848,559$3,221,112$2,213,280$9,513,707
89$10,767,702$3,293,537$2,202,015$10,361,432
90$11,777,907$3,366,819$2,187,682$11,292,324
91$12,888,377$3,440,918$2,170,093$12,314,783
92$14,109,254$3,515,785$2,149,053$13,438,064
93$15,451,706$3,591,367$2,124,355$14,672,365
94$16,928,044$3,667,607$2,095,784$16,028,922
95$18,551,826$3,744,441$2,063,115$17,520,116
96$20,337,993$3,821,800$2,026,110$19,159,587
97$22,303,006$3,899,606$1,984,522$20,962,366
98$24,465,002$3,977,777$1,938,094$22,945,016
99$26,843,966$4,056,221$1,886,553$25,125,786
100$29,461,915$4,134,840$1,829,617$27,524,785